English Edition

New Battery Technology Could Make Electric Vehicles Affordable

Τετ, 18 Αυγούστου 2010 - 14:34

Although EV is a greener alternative and a dream of many, but the biggest hitch is its cost. In most of the electric cars, the battery pack alone cost well over $10,000. So, bringing down this figure could make electric vehicles competitive with gasoline-fueled cars. Attempting to solve this problem, 24M, a new startup company that spun out of the advanced battery company A123 Systems will be develop a new kind of battery that holds the potential to cut battery costs by 85 percent.

BP Spill Could Prove Positive For Green Stocks

Τρι, 17 Αυγούστου 2010 - 15:12

As a former environmental adviser at BP (BP.LN), Jupiter Asset Management's Charlie Thomas is better placed than many to comment on the impact of the recent disaster on oil company policy, says the funds team at Oriel Securities. Thomas, fund manager of both the Jupiter Green Investment Trust and the Jupiter Ecology Fund suggested in a recently published trading update that big multinational companies may now be more willing to invest in energy efficiency technology to lessen their environmental impact

Anadarko Discovers Oil In Offshore Mozambique

Τρι, 17 Αυγούστου 2010 - 15:12

U.S. oil company Anadarko Petroleum Corp. (APC) has discovered offshore oil deposits in northern Mozambique, but studies are still underway to determine if they are commercially viable, state media reported Tuesday.

Lebanon Parliament To Vote On Offshore Oil, Gas Rights Bill

Τρι, 17 Αυγούστου 2010 - 15:11

Lebanese lawmakers were to vote Tuesday on a law authorizing the exploitation of offshore oil and natural gas reserves, paving the way for an auction on rights to the potential resources, an official said.

China Coal: Confident Coal Output Will Reach 200 Mln Tons In 2014

Τρι, 17 Αυγούστου 2010 - 15:11

China Coal Energy Co. (1898.HK), the country's second-largest coal producer by revenue after Shenhua Energy Co., said Tuesday it is confident it will be able to raise its coal output to 200 million metric tons in 2014, from the 108.56 million tons it produced last year.

Gas Discoveries Support Australia LNG Expansion

Τρι, 17 Αυγούστου 2010 - 15:11

Three significant deep water gas discoveries off the west coast of Australia announced this week by Chevron Corp. (CVX) and Woodside Petroleum Ltd. (WPL.AU) could support the expansion of two giant liquefied natural gas projects, adding momentum to the nation's emergence as a top natural gas exporter.

India Minister: Gas Pipeline Project Through Pakistan, Iran Not Dropped

Τρι, 17 Αυγούστου 2010 - 15:11

India's junior oil minister said Monday the country hasn't dropped the Iran-Pakistan-India transnational gas pipeline project and continues to work on the project's details.

Iran To Begin Work On New Uranium Plant 2011-Atomic Agency Head

Δευ, 16 Αυγούστου 2010 - 15:03

Iran will begin building its third uranium enrichment plant in early 2011, a report said, in defiance of world powers who have imposed new sanctions on Tehran for pursuing the sensitive nuclear work.

BP To Start Libya Drilling By Oct Latest -Libya Oil Head

Δευ, 16 Αυγούστου 2010 - 15:02

U.K. oil giant BP PLC (BP) is expected to start its deep water drilling operations in Libya by October at the latest, Libya's top oil official said Monday.

Sales Of German Oil Products Rise 7.3% On Year In July - MWV

Δευ, 16 Αυγούστου 2010 - 15:02

Total sales of oil products in Germany rose 7.3% in July on the year-earlier period to 6.59 million metric tons, according to provisional data from industry group MWV Monday.

Angola Seeks $3B Loan Secured Against Oil Sales -BNP

Δευ, 16 Αυγούστου 2010 - 15:01

The Angolan unit of troubled U.K.-listed oil giant BP PLC (BP) has launched a syndication arranged by BNP Paribas SA (BNP.FR) and Standard Chartered PLC (STAN.LN) to obtain a $3 billion term loan facility secured against crude oil sales from offshore fields, the banks said Monday.

Iran 1st Nuclear Power Plant To Launch Aug 21 - Russia

Παρ, 13 Αυγούστου 2010 - 13:15

Iran's first nuclear power plant, being built by Russia in the southern city of Bushehr, will formally launch next week, a spokesman for the Russian atomic agency told AFP Friday.

Turkey To Hold Final Tender Of Baskent Dogalgaz Monday - IHA

Παρ, 13 Αυγούστου 2010 - 13:15

Turkey's privatization agency OIB said Friday it will hold a final tender for the privatization of Ankara-based natural gas distributor Baskent Dogalgaz, the Ihlas News Agency, or IHA, reports.

Wildfires Near Russian Nuclear Center Grow In Size -Officials

Παρ, 13 Αυγούστου 2010 - 13:14

Wildfires raging close to Russia's main nuclear research center have grown in size and emergency services are working round the clock to contain the blaze, officials said on Friday.

Mediterranean Oil & Gas Mulls Options After Italy Drill Ban

Παρ, 13 Αυγούστου 2010 - 13:14

U.K. oil and gas company Mediterranean Oil & Gas PLC (MOG.LN) Friday said it is investigating how it can develop the Ombrina Mare oil discovery after an Italian decree banned oil exploration and production within five miles of the country's coastline.

Japan July Power Output Up 7.9% On Year At 90.72 Bln KWh

Παρ, 13 Αυγούστου 2010 - 13:14

Electricity generated by Japan's 10 regional power utilities in July rose 7.9% from a year earlier to 90.72 billion kilowatt hours as electricity demand rose due to very hot weather, the Federation of Electric Power Companies said Friday.