English Edition

Sinopec Group Pays Very High Premium for Brazil Oil Reserves

Δευ, 4 Οκτωβρίου 2010 - 13:53

China Petrochemical Corp.is paying a 76 percent premium to take a stake in Repsol YPF SA’s Brazilian unit as the world’s biggest energy user switches its hunt for oil reserves to Latin America from Africa

Brussels Finalising EU Energy Infrastructure Plan

Δευ, 4 Οκτωβρίου 2010 - 13:52

The European Commission is planning to introduce a fast-track procedure for permitting energy infrastructure projects of European interest, according to a draft proposal seen by EurActiv.

Kazakhstan To Boost Coal Exports To 32M Tons By 2014 -Minister

Παρ, 1 Οκτωβρίου 2010 - 18:54

Kazakhstan plans to boost its annual coal exports to 32 million metric tons by 2014, Kazakh state news agency Kazinform reported Friday, citing Deputy Industry and New Technologies Minister Duisenbai Turganov.

Exxon, Gazprom Deadlock Over Sakhalin-1 Plans To Export Gas

Παρ, 1 Οκτωβρίου 2010 - 18:54

Talks between U.S. oil giant Exxon Mobil Corp. (XOM) and Russia's state-controlled natural gas firm OAO Gazprom (GAZP.RS) have deadlocked over who should buy the gas that an Exxon-led consortium plans to develop off Russia's Pacific coast.

Enel Green Unit IPO Price Range Talks Start From Monday-Sources

Παρ, 1 Οκτωβρίου 2010 - 18:54

Enel SpA (ENEL.MI) plans to start talks next week between its advisers and potential investors for the initial public offering share price range of its renewables energy unit, said two people familiar with the matter Friday.

Gazprom Moves Two Shtokman Drilling Rigs To Sakhalin-3

Παρ, 1 Οκτωβρίου 2010 - 18:53

Russian gas giant OAO Gazprom (GAZP.RS) is moving two $1 billion drilling rigs from the challenging Shtokman project in the Barents Sea to its Sakhalin-3 project in the Far East, four people familiar with the matter said.

TNK-BP Board OKs Formal Offers For BP's Vietnam, Venezuela Assets

Παρ, 1 Οκτωβρίου 2010 - 18:53

TNK-BP Ltd, BP PLC's (BP, BP.LN) Russian joint venture, has decided to make BP a formal offer for its assets in Vietnam and Venezuela, a person familiar with the matter said.

TAP, ITGI Pipeline Talks

Παρ, 1 Οκτωβρίου 2010 - 15:30

Shareholders in rival European pipeline projects the Trans-Adriatic Pipeline (TAP) and the Interconnector Turkey-Greece-Italy (ITGI) are in talks about cooperation, industry sources close to TAP said yesterday. Both pipelines aim to deliver gas to Europe from the second phase of production at Azerbaijan’s Shah Deniz gas field to cut the continent’s dependence on Russian gas.

EU Countries Top World Green Patent Rankings

Παρ, 1 Οκτωβρίου 2010 - 15:23

While moves to develop an EU patent have intensified with the Belgian presidency, which believes it can reach a consensus by the end of the year, a new study shows that three European countries are among the six nations dominating innovation in the clean energy sector.

Sinopec to Invest $7.1 Billion in Repsol's Brazil Unit

Παρ, 1 Οκτωβρίου 2010 - 15:22

China Petrochemical Corp., the country’s second-largest oil and gas producer, will invest $7.1 billion inRepsol YPF SA’s Brazilian unit as the Spanish oil company raises funds to develop offshore projects.

New Drilling Regulations in the US

Παρ, 1 Οκτωβρίου 2010 - 15:20

The US administration rolled out two new emergency rules today designed to improve drilling and workplace safety offshore in the wake of the BP oil spill.

Denmark to Develop Fossil Fuel-Free Energy Network by 2050

Παρ, 1 Οκτωβρίου 2010 - 15:19

The Danish climate commission has predicted that country could be powered entirely by wind energy by 2050. The committee has also predicted that wind and biomass energy could meet the bulk of the country’s energy requirements. This green switch would also prove to be cheaper than continuing to use fossil fuels.