English Edition

Russia Considers LNG Alternative to South Stream

Παρ, 11 Μαρτίου 2011 - 16:05

Russian Prime Minister Vladimir Putin yesterday (9 March) ordered an investigation into the possibility of building an LNG plant on the Black Sea coast, casting fresh doubts over the viability of Russia's South Stream gas pipeline.

CCS Projects Spread from Europe to US

Παρ, 11 Μαρτίου 2011 - 16:04

More projects aimed at capturing greenhouse gases from power plants and factories were built in 2010, as the focus of the industry shifted from Europe to the US, according to a new report by the Global CCS (Carbon Capture and Storage) Institute.

Iraq Oil Flow To Turkey To Stay Suspended For 4-5 Days -Official

Πεμ, 10 Μαρτίου 2011 - 17:46

Crude oil flow from Iraq's northern oil fields to Turkey's export Ceyhan terminal will remain suspended for the next four to five days following a bomb attack on the export pipeline early Wednesday, an official with the state-run North Oil Company said Thursday.

Spain's Abengoa To Bid For Projects Under India Solar Program

Πεμ, 10 Μαρτίου 2011 - 17:46

Spain's Abengoa SA (ABG.MC) will bid for solar projects under India's federal program, a company executive of the company's Indian engineering unit said Thursday.

Lukoil 4Q Net Profit Up 27% To $2.2B, Misses Estimates

Πεμ, 10 Μαρτίου 2011 - 17:46

Russia's biggest privately owned oil producer, OAO Lukoil Holdings (LKOH.RS), Thursday said fourth quarter net profit rose 27%, boosted by higher oil prices and refining margins.

Libyan Shells Rain Down On Oil Town Ras Lanuf

Πεμ, 10 Μαρτίου 2011 - 17:45

Moammar Gadhafi's forces pummeled rebel positions in and around the key Libyan oil town of Ras Lanuf on Thursday, forcing the ragged fighters to pile into vehicles and flee under a hail of rocket fire, AFP reporters said.

Gazprom, Wintershall Sign MOU On North Sea, Siberia Gas Fields

Πεμ, 10 Μαρτίου 2011 - 17:45

Russian natural gas monopoly OAO Gazprom (GAZP.RS) and Germany's BASF SE's (BAS.XE) Wintershall AG said Thursday they have signed a memorandum of understanding on jointly developing gas fields in Siberia and the North Sea.

Gadhafi Said Hoarding Billions In Cash

Πεμ, 10 Μαρτίου 2011 - 17:44

Moammar Gadhafi has "tens of billions" of dollars in cash hidden in Tripoli, which allows him to battle an uprising despite an international freeze on Libyan assets, a report said Thursday.

Bulgaria Set to Cut Carbon Emissions by 6% by 2020, Stimulate Biofuels

Πεμ, 10 Μαρτίου 2011 - 15:33

Bulgaria's government has approved a draft amendment to the Environmental Protection Act providing for reducing the country's greenhouse gas emissions by 6% by 2020.

Rising Electricity Bills: Will Smart Meters Help Consumers?

Πεμ, 10 Μαρτίου 2011 - 15:01

Households should expect their electricity bills to rise as Europe switches to cleaner energy and ageing power grids are gradually being replaced by new 'intelligent' ones. The good news is that smart meters should soon help them to better control their bills, says GE Energy's Bob Gilligan. But do consumers really want them?

Romanian Electromagnetica Sales Up by 27 pct in 4Q 2010

Πεμ, 10 Μαρτίου 2011 - 15:00

The electricity trader and producer of electrical components Electromagnetica (ELMA) reported its 4Q 2010 figures. Sales went up by 27% yoy to RON 116 mn, on the back of a surge in revenues from merchandise sold (energy) of 29% yoy to RON 101.9 mn.

2050 Strategy Builds on Energy Savings

Τετ, 9 Μαρτίου 2011 - 17:22

Europe must invest heavily in efficiency to limit spiralling energy costs and beat its own target for cutting greenhouse gas emissions, the European Commission said yesterday (8 March), unveiling plans to move to a competitive low-carbon economy by 2050.

Tests On Israel Leviathan Gas Field To Cost More, Take Longer

Τετ, 9 Μαρτίου 2011 - 17:21

The Israeli partners of Noble Energy Inc. (NBL) in Israel's largest natural gas field said Wednesday they have approved a work plan for drilling and production tests at the Leviathan field.