English Edition

Nabucco Dismisses Concerns About Natural Gas Supplies For Pipeline

Τετ, 8 Ιουνίου 2011 - 18:04

The Nabucco consortium to build a pipeline bringing natural gas to Europe via Turkey signed agreements with transit countries Wednesday, predicting that the first supply contracts would be sealed by the end of the year.

Tepco Plans Radioactive Water Release from Second Plant

Τετ, 8 Ιουνίου 2011 - 18:04

Tokyo Electric Power Co. plans to release 3,000 tons of lightly radioactive water into the ocean from the Fukushima Daini nuclear complex, the sister plant of the stricken Fukushima Daiichi complex, officials said Wednesday.

OPEC News Shows Power Shift -Petromatrix

Τετ, 8 Ιουνίου 2011 - 18:04

OPEC's decision to keep its output unchanged Wednesday reflects the changing balance of power within the group, says a Olivier Jakob at Petromatrix.

OPEC Talks Break Down, No Deal on Output

Τετ, 8 Ιουνίου 2011 - 18:03

OPEC talks broke down in acrimony on Wednesday without an agreement to raise output after Saudi Arabiafailed to convince the cartel to lift production.

Azeri SOCAR Wants to Buy Assets in Greece, Turkey

Τετ, 8 Ιουνίου 2011 - 18:02

Azeri state energy form SOCAR wants to participate in tenders to buy stakes in Greek state company DEPA and in the Turkish gas distribution network, a SOCAR official said on Tuesday.

Kuwait Oil Minister Expects OPEC To Increase Output

Τρι, 7 Ιουνίου 2011 - 17:15

Kuwait's Oil Minister Mohammad Al-Busairi expects the Organization of Petroleum Exporting Countries to increase output levels at its Wednesday meeting in Vienna, the Reuters news agency reports Tuesday.

Vattenfall Seeks Compensation For German Nuclear Exit

Τρι, 7 Ιουνίου 2011 - 17:15

Swedish utility Vattenfall Tuesday said it expects to receive "fair compensation" for its financial losses following Germany's decision to exit all nuclear power generation.

Shell's Pearl Plant To Be Key Test Of GTL Profitability Vs LNG

Τρι, 7 Ιουνίου 2011 - 17:15

The success of Royal Dutch Shell PLC's (RDSA.LN) new Pearl gas-to-liquids complex in Qatar will play a key part in determining the profitability of GTL as compared with liquid natural gas following the spike in Asian demand for LNG, Pearl GTL Managing Director Andy Brown said Tuesday.

Eni Agrees To Additional Activities In Egypt

Τρι, 7 Ιουνίου 2011 - 17:14

Eni SpA (E), Italy's biggest energy company by market value, said Tuesday it agreed with Egypt for additional activities in the North African country, bringing its total investments there in the coming years to around $3 billion.

OPEC Quota Hike May Not Be Enough To Curb High Oil Prices

Τρι, 7 Ιουνίου 2011 - 17:14

A hike in OPEC's output quota is unlikely to bring down high oil prices unless it is a real increase in actual supply above current production levels that changes the fundamentals in the market, analysts said ahead of the group's meeting Wednesday.

Japan To Report Nuclear Melt-Throughs To IAEA

Τρι, 7 Ιουνίου 2011 - 17:13

Japan in a report prepared for the UN nuclear watchdog on Tuesday said for the first time that fuel in its crippled Fukushima plant may have melted through three reactor core vessels.

Trans Adriatic Pipeline Begins ESIA Submission Process in Greece

Τρι, 7 Ιουνίου 2011 - 15:25

The Trans Adriatic Pipeline (TAP) announced today that it has commenced its Environmental and Social Impact Assessment (ESIA) process in Greece. The submission of its Scoping Report to the Greek authorities comes after similar moves in Albania and Italy earlier this year and will follow the European Bank for Reconstruction and Development’s (EBRD) guidelines, recognised as the benchmark for international best practice.

Siemens to Hire 340 Low-Carbon Grid Experts

Τρι, 7 Ιουνίου 2011 - 15:23

Siemens is to hire 340 engineers at a new research and manufacturing centre in Manchester, who will be tasked with building high-voltage direct current transmission systems capable of efficiently transporting electricity hundreds of miles from remote offshore wind farms.