English Edition

Russia To Increase Oil Output Despite OPEC Concern

Τρι, 14 Σεπτεμβρίου 2010 - 19:05

Russia Tuesday consolidated its position as the world's top oil producer, raising its output forecast for this year to over 500 million metric tons, despite a call from the OPEC oil cartel to lower output.

Gamesa +6.8% On 1,315 MW Chinese Wind Turbine Deal

Τρι, 14 Σεπτεμβρίου 2010 - 19:05

Gamesa Corporacion Tecnologia SA (GAM.MC) shares rose Tuesday after it announced agreements with Chinese utilities Guangdong Nuclear Wind and Datang Renewable Power to develop and supply wind turbines with 1,315 megawatt capacity between 2010 and 2013.

OPEC Birthday Comes Amid Unusually Tranquil Oil Market

Τρι, 14 Σεπτεμβρίου 2010 - 19:04

The Organization of Petroleum Exporting Countries called reporters to its Vienna headquarters Tuesday to fete the 50th anniversary of an organization dedicated to "supporting stability" and "fueling prosperity," in the words of an official commemorative logo.

IEA Economist: Natural Gas Glut To Create 'Losers' Among Export Countries

Τρι, 14 Σεπτεμβρίου 2010 - 19:04

The boom in unconventional natural gas supplies in North America will undermine some major exporting countries elsewhere, potentially disrupting their investment in massive new projects, Fatih Birol, the chief economist of the International Energy Agency said Tuesday.

Lithuania Aims To Bring Latvia, Estonia Into LNG Project

Τρι, 14 Σεπτεμβρίου 2010 - 19:03

Lithuania said Tuesday that it planned to bring Baltic neighbors Latvia and Estonia on board in a liquefied natural gas project, as the region strives to cut its dependence on supplies from Russia.

Several Big RES Projects Get the Green Light

Τρι, 14 Σεπτεμβρίου 2010 - 15:54

The Regulatory Authority for Energy (RAE) announced yesterday the approval of several major projects concerning renewable energy sources (RES) for a total of 2.1 billion euros. The approval, completed last week, is for projects that will have a combined output of 840 megawatts.

Peak Oil Is Back on the Radar

Τρι, 14 Σεπτεμβρίου 2010 - 14:26

In July, a German military think tank became the latest group to issue a warning about the approach of "Peak Oil." This is only the most recent indication of support for the position on oil supplies and likely market pricing scenarios I have been talking about.

Lukoil Gets Caspian Break

Τρι, 14 Σεπτεμβρίου 2010 - 14:25

Upstream reports that Lukoil is set to receive long-sought tax breaks on oil from new North Caspian fields, similar to those competitors are getting in East Siberia.

EVN Starts Construction of New Electric, Heating Plant in Bulgaria

Τρι, 14 Σεπτεμβρίου 2010 - 14:24

Bulgaria's Prime Minister Boyko Borissov and Lower Austria Chancellor Erwin Proell broke ground Monday for a new co-generation facility in Plovdiv, Southern Bulgaria.

UN IAEA Chief Regrets Iran's Ban On Inspectors

Δευ, 13 Σεπτεμβρίου 2010 - 19:02

United Nations' atomic watchdog chief Yukiya Amano expressed "great regret" Monday at Iran's decision to bar key inspectors from the country, saying it hampered the agency's ability to carry out its investigation.

Drilling Confirms Major Owo Oil Discovery - Tullow

Δευ, 13 Σεπτεμβρίου 2010 - 19:02

U.K. independent oil and gas company Tullow Oil PLC (TLW.LN) said Monday that new drilling results and other tests confirm the Owo prospect in Ghana is a "major new oil field."

E.ON, RWE Don't Face Worst-Case With Nuclear Tax

Δευ, 13 Σεπτεμβρίου 2010 - 19:01

The outcome of Germany's discussions on new nuclear taxation isn't the worst case scenario for E.ON (EOAN.XE) and RWE (RWE.XE), Deutsche Bank says. Life extension is longer, risk of a double taxation seems to have been removed and security requirements lower.