English Edition

Kogas To Develop Iraq Akkas Gas Field; Others Interested

Πεμ, 26 Μαΐου 2011 - 17:20

Korea Gas Corp., or Kogas, said Thursday that it will go ahead with the development of one of Iraq's largest gas fields despite the recent withdrawal of its foreign partner in the project. The Korean state-run gas company's decision comes at a time of increasing interest by South Korean companies in business opportunities in war-ravaged Iraq, including in its huge upstream resources sector and in major infrastructure and power projects

Interview: Nuclear Crisis May Boost Japan-Russia LNG Plan -Japex

Πεμ, 26 Μαΐου 2011 - 17:19

Prospects for a major Russia-Japan joint-venture liquefied natural gas project receiving a final go-ahead have improved as a consequence of Japan's earthquake and nuclear disaster, the head of one of the companies involved said Thursday. "It will accelerate our LNG project with Russia," Osamu Watanabe, president of oil and gas explorer Japan Petroleum Exploration Co., told Dow Jones Newswires

Shtokman Development Cost To Rise With Markets - Executive

Πεμ, 26 Μαΐου 2011 - 17:17

The cost of developing the Shtokman Arctic gas and condensate field will "of course" rise along with increasing market prices, Andre Goffart, deputy chief executive of Shtokman Development AG said Thursday. Speaking on the sidelines of an oil and gas conference in Paris, Goffart said cost was an issue, but he declined to disclose any amount

E.ON May Join South Stream Project - Report

Πεμ, 26 Μαΐου 2011 - 17:16

Germany's E.ON AG may join the South Stream pipeline project, which is expected to carry Russian gas to the European Union as early as 2015, Russia's Interfax news agency reported late Wednesday, quoting OAO Gazprom's Chief Executive Alexei Miller

EU on Track for Solar Grid Parity by 2017

Πεμ, 26 Μαΐου 2011 - 11:53

Solar photovoltaic (PV) power is set to achieve the environmentalists' holy grail of grid parity – the same cost price as fossil fuels – across the European Union by 2017, according to a UN expert.

EU Vows Not to Set Barriers for South Stream Gas Pipeline

Πεμ, 26 Μαΐου 2011 - 11:52

The EU will not set unjustified restrictions regarding the construction of the South Stream gas pipeline, which is supposed to transit Russian gas to Europe, Gunther Oettinger, EU Energy Commissioner, stated Wednesday.

Presentation of IENE’s «South East Europe Energy Outlook» (videos)

Πεμ, 26 Μαΐου 2011 - 11:35

IENE’ major reference study, «The South East Europe Energy Outlook» was first presented last Wednesday, May 18th, at the Vorres Museum, in Paiania, Attiki. The presentation focused on key areas of the study including the investment prospects of the energy sector in the SE European region. Senior business executives, energy experts, representatives of foreign embassies, as well as IENE members and associates and contributors to the «South East Europe Energy Outlook» study were present in this special IENE event.

Suntech 1Q Profit Up 54% Despite Hedging Loss; View Cut >STP

Τετ, 25 Μαΐου 2011 - 17:25

Suntech Power Holdings Co.'s (STP, K3ND.SG) first-quarter earnings rose 54% as shipments and revenue surged though currency hedging losses and concerns over sales in Europe weighed on the bottom line.

Iran Says OPEC Ready To Respond To Oil Market Gaps

Τετ, 25 Μαΐου 2011 - 17:25

A top official of Iran, which holds the presidency of the Organization of the Petroleum Exporting Countries, was quoted as saying Wednesday that the group is ready to make up for gaps in the markets.

Iran Rejects IAEA Report On Nuclear Work

Τετ, 25 Μαΐου 2011 - 17:25

Iran Wednesday dismissed as unfounded a United Nations nuclear agency report on the possible military aspect of Tehran's atomic drive, saying the body was deviating from the rules under Western influence.

Anadarko: Ghana's Jubilee To Produce 120,000 B/D By End Of Summer

Τετ, 25 Μαΐου 2011 - 17:24

Anadarko Petroleum Corp. (APC) said Wednesday the massive Jubilee field off the coast of Ghana is on track to reach peak production of 120,000 barrels of oil per day by the end of summer.

GE Says New Gas Turbine Works In Conjunction With Wind, Solar Gear

Τετ, 25 Μαΐου 2011 - 17:24

General Electric Co. (GE) has announced a new natural-gas turbine it says is designed to be used in conjunction with wind or solar energy-generation gear by kicking in quickly on still or cloudy days.

India April Crude Oil Imports Rise 6% On Year

Τετ, 25 Μαΐου 2011 - 17:23

India's crude oil imports in April rose 6% from a year earlier, helped by an expanding economy and as growing auto sales boosted demand for transportation fuels.

Challenges of Using Variable Renewables in Power Systems are Surmountable - IEA

Τετ, 25 Μαΐου 2011 - 15:03

A new book from theInternational Energy Agency(IEA),Harnessing Variable Renewables: a Guide to the Balancing Challenge, presents a novel method of assessing the resources needed to balance supply and demand in power systems with large shares of ‘variable’ renewables, such as solar photovoltaic, wind and tidal energy. The report, which features case studies of eight geographic regions with sharply different power attributes, shows that there is a greater technical potential for balancing variable renewable energy output than is commonly assumed.

Croatia's Hrvatska Elektroprivreda Plans to Build a 68 MW Ombla Hydroelectric Power Plant

Τετ, 25 Μαΐου 2011 - 15:02

The EBRD is considering providing a senior, sovereign guaranteed loan to Croatia's Hrvatska Elektroprivreda d.d. The financing, when approved by the EBRD’s Board of Directors, will enable the Borrower to build the 68 MW Ombla hydroelectric power plant on the Rijeka Dubrovačka bay near the City of Dubrovnik.

Special Report: European Solar Wobble Spurs China Deals

Τετ, 25 Μαΐου 2011 - 15:01

A slowdown in subsidies for solar power across European countries has encouraged companies to look oversees for greener pastures, threatening Europe's lead in this promising high-tech sector.