English Edition

UK Wind Power Hits Record Generation Output

Τετ, 8 Σεπτεμβρίου 2010 - 14:45

Britain's wind farms hit record power output levels on Monday and at peak period was generating the same amount of electricity as almost four nuclear power stations, according to energy network operator National Grid.

Mafia Cash in on Lucrative EU Wind Farm Handouts

Τετ, 8 Σεπτεμβρίου 2010 - 14:44

They rise up high above the sun-scorched countryside, looking out over hilltop villages, palm trees, neatly-tended vineyards and olive groves. But for all their promises of a clean, green future, Italy's windfarms have now acquired a somewhat dirtier whiff - as the latest industry to be infiltrated by the country's mobsters.

BP Says Transocean Missed Danger Signs on Rig

Τετ, 8 Σεπτεμβρίου 2010 - 14:41

BP deflected much of the blame for a rig blast that led to the United States' worst-ever oil spill, releasing an internal report on Wednesday which said that drilling contractor Transocean had missed danger signs.

Norway, Russia Seal Arctic Border Accord

Τετ, 8 Σεπτεμβρίου 2010 - 14:40

175,000 square kilometres of previously-disputed territory was finally carved up between Norway and Russia on Monday (6 September), after 40 years of negotiations with regard to exploiting the area for its oil and gas drilling potential.

PPC Will Pay 43,4 mil. for Six Wind Farms

Τετ, 8 Σεπτεμβρίου 2010 - 14:32

Public Power Corporation (PPC), Greece’s largest electricity utility, said yesterday it will pay up to 43.4 million euros ($55.5 million) to buy six wind farms from BCI Group. PPC’s board cleared the acquisition of the wind parks last week as part of efforts to become less dependent on lignite. State-controlled PPC aims to invest about 2 billion euros in renewables by 2015 to replace a total of 2,000 megawatts of old, polluting lignite plants as it shifts toward cleaner energy sources.

Verbund In Talks To Sell 26.5% Stake In 13 German Power Plants

Τρι, 7 Σεπτεμβρίου 2010 - 18:03

Austrian electricity producer and grid operator Verbund AG (VER.VI) is in talks to sell a 26.5% stake in a group of 13 German hydropower plants, the company's chief executive told journalists Tuesday.

Novatek's Yamal LNG Project May Cost $28 Bln

Τρι, 7 Σεπτεμβρίου 2010 - 18:03

The Russian government's long-term program to develop the Arctic Yamal Peninsula includes investments of 858 billion rubles ($28 billion) in OAO Novatek's (NVTK.RS) Yamal LNG project, documents from the Energy Ministry showed Tuesday.

EU: Confident Poland/Russia Gas Deal Will Fit EU Rules

Τρι, 7 Σεπτεμβρίου 2010 - 18:02

The European Commission is confident that Poland and Russia will find an agreement on a natural gas contract that will be in line with European Union rules, the commission said Tuesday.

Iraq Unable To Meet Current Power Demand Until 2013 - US General

Τρι, 7 Σεπτεμβρίου 2010 - 18:02

Iraq will need at least three years before it is able to satisfy current electricity demand, the U.S. general charged with the military's reconstruction efforts in the Middle East said Tuesday.

Chevron Acquires Interest in Three Deepwater Exploration Blocks in China

Τρι, 7 Σεπτεμβρίου 2010 - 18:02

Chevron Corporation (NYSE:CVX) announced today that its China subsidiary has received final approval to acquire operating interests in three exploration blocks in the South China Sea's Pearl River Mouth Basin.

Gazprom To Sell Stake In Its Enel, Eni Joint Venture

Τρι, 7 Σεπτεμβρίου 2010 - 18:01

OAO Gazprom (GAZP.RS) will sell its controlling stake in SeverEnergia--a natural gas project part-owned by Eni SpA (ENI.MI) and Enel SpA (ENEL.MI)--to a joint venture of OAO Gazprom Neft (SIBN.RS) and OAO Novatek (NVTK.RS), the company said Tuesday.

Financial Appraisal Deal Brings Nabucco Closer to Securing Funding

Τρι, 7 Σεπτεμβρίου 2010 - 17:04

The shareholders and project company of Nabucco have singed a mandate letter with three international financial institutions for the appraisal of the future natural gas transit pipeline, which has been hailed as a key step towards its successful construction.