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Greek PPC to Benenfit From New 2011 Electricity Tariff

Greek PPC to Benenfit From New 2011 Electricity Tariff

Πεμ, 7 Οκτωβρίου 2010 - 19:01

The Greek Ministry of Environment and Climate Change Thursday said it has rebalanced electricity tariffs for 2011, lowering rates for commercial users, which should benefit Public Power Corp. (PPC.AT).

Saudis Aramco Mulls Terms For $4B Loan Refinance-Sources

Saudi's Aramco Mulls Terms For $4B Loan Refinance-Sources

Πεμ, 7 Οκτωβρίου 2010 - 19:01

State-owned Saudi Arabian Oil Co., or Aramco, is considering potential terms on a $4 billion loan refinancing after inviting banks to pitch for the business, people familiar with the situation said Thursday.

DESFA to Speed Up New LNG Storage Unit

DESFA to Speed Up New LNG Storage Unit

Πεμ, 7 Οκτωβρίου 2010 - 18:29

DESFA, Greece’s natural gas grid operator, said it is speeding up construction of a third liquefied natural gas storage tank at its Revithoussa Island terminal, near Athens. The 95,000-cubic meter LNG storage facility, which is budgeted at 130 million euros ($180 million), is now scheduled for completion in 2014, a year earlier than originally planned

EU Worried About Waning Public Image of Renewables

EU Worried About Waning Public Image of Renewables

Πεμ, 7 Οκτωβρίου 2010 - 16:54

The European Commission is looking into mechanisms to boost public acceptance of renewable energy projects to meet its climate goals, but behavioural scientists warn that obvious solutions like individual compensation do not always work.

Oettinger Values EU 2020 Energy Goals at €1 trln

Oettinger Values EU 2020 Energy Goals at €1 trln

Πεμ, 7 Οκτωβρίου 2010 - 16:52

Europe needs to spend one trillion euros over the next decade on overhauling its energy system to reduce pollution and ensure supply, EU energy chief Günther Oettinger is expected to warn in the next few weeks.

US Renewable Energy Market Likely To Fall Without Incentives

US Renewable Energy Market Likely To Fall Without Incentives

Τετ, 6 Οκτωβρίου 2010 - 18:58

Solar and wind-farm developers are increasingly anxious about a key federal incentive that could prompt a slowdown in the U.S. renewable energy market if it is allowed to expire at the end of the year.

Enel CEO: Italy Minister May Set Nuclear Steps By March

Enel CEO: Italy Minister May Set Nuclear Steps By March

Τετ, 6 Οκτωβρίου 2010 - 18:57

Italy's new Industry Minister Paolo Romani may introduce by March the regulations needed to push forward the comeback of nuclear energy in the country, said Enel SpA (ENEL.MI) Chief Executive Officer Fulvio Conti after meeting him Wednesday.

GE To Buy Dresser For $3 Billion In Latest Energy Deal

GE To Buy Dresser For $3 Billion In Latest Energy Deal

Τετ, 6 Οκτωβρίου 2010 - 18:57

General Electric Co. (GE) has agreed to Dresser Inc., a maker of energy infrastructure products, for $3 billion from investors led by private-equity firms Riverstone Holdings LLC and the Carlyle Group LP.

BP Set To Sign Gas Field Deal With Azerbaijans Socar

BP Set To Sign Gas Field Deal With Azerbaijan's Socar

Τετ, 6 Οκτωβρίου 2010 - 18:56

BP PLC (BP) is set to sign a deal with Azerbaijan national oil company Socar on Thursday to develop a huge natural gas field in the Caspian Sea, according to a person familiar with the matter.

Turkey and Syria Join Forces to Explore Oil in Syria

Turkey and Syria Join Forces to Explore Oil in Syria

Τετ, 6 Οκτωβρίου 2010 - 16:30

Taner Yildiz, Turkey’s Minister of Energy and Natural Resources, said a joint oil company has been established by Turkey and Syria and that explorations will be carried out in seven oil fields in Syria.

Russia On Track for New Arctic Bid in 2013

Russia On Track for New Arctic Bid in 2013

Τετ, 6 Οκτωβρίου 2010 - 14:26

Russia will submit a well substantiated claim to oil- and gas-rich Arctic territories at the UN in 2013, famous polar explorer Artur Chilingarov said on Tuesday.