English Edition

Arctic Does Not Need NATO Presence - Lavrov

Πεμ, 16 Σεπτεμβρίου 2010 - 15:47

Russia sees no need for a NATO presence in the Arctic, Russian Foreign Minister said on Thursday. "We do not see what benefit NATO can bring to the Arctic...I do not think NATO would be acting properly if it took upon itself the right to decide who should solve problems in the Arctic," Sergei Lavrov said during talks with his Canadian counterpart, Lawrence Cannon.

Russia to Stand by South Stream Under any Circumstance

Πεμ, 16 Σεπτεμβρίου 2010 - 15:45

Russia does not intend to abandon the implementation of the South Stream gas pipeline project whatever proposals for participation in the Ukrainian gas transportation system may be made to it, Russian Energy Minister Sergei Shmatko said on Thursday.

GEOFAR Project: Boosting Investments in Geothermal Energy

Πεμ, 16 Σεπτεμβρίου 2010 - 13:58

The EU-funded project GEOFAR – Geothermal Finance and Awareness in European Regions, which deals with the application and promotion of geothermal energy in Europe is being carried out within the framework of EU’s “Intelligent Energy Europe” (IEE) programme, which is part of the Competitiveness and Innovation Framework Programme.

Greek Energy Ministry Sets Specific Shares for Each Renewable Source

Τετ, 15 Σεπτεμβρίου 2010 - 18:57

The Greek Ministry of Energy and Climate Change reached today a decision about the share of each Renewable Energy Source in the country’s energy mix for 2020.

Transocean CEO: Agrees With 'General Conclusion' Of BP's Report

Τετ, 15 Σεπτεμβρίου 2010 - 18:47

Transocean Ltd. (RIG) Chief Executive Steven Newman said Wednesday he accepts the broad findings of BP's (BP, BP.LN) investigation into the events leading to the explosion on the Deepwater Horizon rig.

Venezuela Energy Minister Says $100-A-Barrel Oil Is Fair Price

Τετ, 15 Σεπτεμβρίου 2010 - 18:46

Venezuela Energy Minister Rafael Ramirez said $100 would be a "fair price" for a barrel of crude oil, saying such a price takes into account the constant investments needed to maintain production levels.

Chevron: Near Natural Gas Deal With CNPC

Τετ, 15 Σεπτεμβρίου 2010 - 18:46

Chevron Corp. (CVX) is close to an initial deal with China National Petroleum Corp. to import natural gas from Australia, in the energy industry's latest bet that growing demand from China will justify multibillion-dollar projects aimed at tapping and transporting new gas supplies.

China Aug Power Usage 397.5 Bln KWh, Up 14.69% On Year -Xinhua

Τετ, 15 Σεπτεμβρίου 2010 - 18:45

China's electricity usage in August rose 14.69% on the year to 397.5 billion kilowatt-hours, the state-run Xinhua News Agency said Wednesday.

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.