English Edition

Endesa Gets Three Bids In Network Sale, Up To EUR800M-Sources

Τετ, 15 Σεπτεμβρίου 2010 - 18:45

Three potential buyers have submitted binding bids for Endesa SA's (ELE.MC) Spanish gas distribution and transmission network, valuing the network at between EUR750 million to EUR800 million, people familiar with the situation said Wednesday.

Vattenfall Europe Denies Plans To Exit Lignite Mining In Germany

Τετ, 15 Σεπτεμβρίου 2010 - 18:45

Vattenfall Europe AG (VTT-XE) Wednesday denied a press report that the German energy utility plans to stop mining brown coal and using it as fuel in its power plants.

Chinese Green Energy Companies Moving at an Astonishing Pace

Τετ, 15 Σεπτεμβρίου 2010 - 16:59

China's climate negotiators are moving too slowly, but the country's green energy companies are advancing at an "astonishing" pace and threaten to outpace western competitors, Europe's climate chief said on Tuesday.

Blast Ruptures Russia-Turkey Gas Pipeline in Bulgaria

Τετ, 15 Σεπτεμβρίου 2010 - 15:58

An explosion ripped through a pipeline in southeastern Bulgaria carrying Russian natural gas to Turkey late on Monday, but did not affect gas flows to Ankara, officials said on Tuesday.

Burgas- Alexandroupolis Pipeline Blocked

Τετ, 15 Σεπτεμβρίου 2010 - 15:22

The fate of the Burgas-Alexandroupolis oil pipeline was discussed in Moscow on 8-9 September by Russian and Bulgarian officials in yet another attempt to jumpstart the construction of the long-delayed project - one of two planned to take most oil tankers out of the congested Bosphorus.

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.