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Brazil Petrobras Shares Jump Ahead Of Share Offer Pricing

Brazil Petrobras Shares Jump Ahead Of Share Offer Pricing

Shares of Brazilian state-run energy company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, jumped in early trade Thursday ahead of the pricing of the company's massive share offer.

PPC Bids for Hydroelectric Plants in Bosnia

PPC Bids for Hydroelectric Plants in Bosnia

Public Power Corporation (PPC), Greece’s largest power utility, has submitted a formal bid to build four hydropower plants in Bosnia’s Serb Republic, an Energy Ministry official said yesterday.

Putin Identifies Russian Priorities in Arctic

Putin Identifies Russian Priorities in Arctic

In the Arctic comfortable conditions for life must be created, investment attracted for economic growth and research and environmental infrastructures developed, Russian Prime Minister Vladimir Putin told the International Arctic Forum on Thursday.

Heat is on in Spains Coal State Aid Case

Heat is on in Spain's Coal State Aid Case

The European Commission will decide next week whether to authorise Spain's subsidies for its coal sector, amid warnings that giving the green light would scupper the EU's plans to phase out subsidies to unprofitable coal mines.

Worlds Largest Offshore Wind Farm Opens Off Kent

World's Largest Offshore Wind Farm Opens Off Kent

Chris Huhne, the Energy Secretary, will open Thanet wind farm in the English Channel off Foreness Point. The 100 turbines, each measuring more than 300ft, will power more than 200,000 homes. It will increase the amount of energy generated from offshore wind in the UK by a third to 1,314MW, compared to 1,100MW in the whole of the rest of the world.

Bulgarian, Greek Energy Heads Talk Gas Pipeline Link

Bulgarian, Greek Energy Heads Talk Gas Pipeline Link

The Bulgarian and Greek ministers in charge of energymet in Thessaloniki Wednesday in order to coordinate the project for connecting the natural gas pipeline networks of the two countries.

Strategic View: President Medvedev, and Rosneft, go to China

Strategic View: President Medvedev, and Rosneft, go to China

President Medvedev will visit China for two days from Sunday. Deputy Prime Minister Igor Sechin is already in China and has been holding talks on energy cooperation. It has already been announced that Rosneft and CNPC will jointly build a $5 bln oil refinery in the country. What else is on the agenda and how may this positively affect the strategic view of Rosneft?

Venezuela, Russia Sign $700 Million Oil Tanker Deal

Venezuela, Russia Sign $700 Million Oil Tanker Deal

Venezuela's state shipping company has signed a deal to buy 10 Aframax oil tankers worth $700 million from Russia's United Shipbuilding Corp., Russian news agency RIA Novosti reports Wednesday, citing an USC spokesman.

Irans Ahmadinejad Meets Greek Prime Minister

Iran's Ahmadinejad Meets Greek Prime Minister

Iranian President Mahmoud Ahmadinejad met Greek Prime Minister George Papandreou in New York, his website said Wednesday, boasting a crack in Europe's strained relations with Tehran.

Russia, China to Build $5 Billion Refinery, Extend Gas Talks

Russia, China to Build $5 Billion Refinery, Extend Gas Talks

OAO Rosneft, Russia’s largest oil producer, and China National Petroleum Corp. agreed to build a $5 billion refinery in China, while the two countries may not complete talks on natural-gas supplies until next year.