English Edition

South Korean Firm Discovers Oil Reserves In Northern Iraq

Τρι, 10 Αυγούστου 2010 - 16:27

South Korea's state-run petroleum company said Tuesday it has discovered crude oil reserves in two blocks it is exploring in northern Iraq.

GDF Suez Confirms International Power Buy; 1H Net +9%

Τρι, 10 Αυγούστου 2010 - 16:27

French utility GDF Suez SA (GSZ.FR) Tuesday confirmed it is acquiring a majority stake in the U.K. independent power company International Power PLC (IPR.LN) as it reported first-half net profit rose 9% and confirmed its forecasts through 2011.

China Starts Piloting Low-Carbon Provinces, Cities -Official

Τρι, 10 Αυγούστου 2010 - 16:27

China has assigned five provinces and eight cities to participate in a low-carbon pilot program as part of its efforts to reduce emissions, the National Development and Reform Commission, the country's top economy agency, said Tuesday.

Turkey Privatizes 75% Of Electricity Distribution -IHA

Τρι, 10 Αυγούστου 2010 - 16:26

Turkey has privatized 75% of its electricity distribution capabilities after auctioning four power grids Monday, Ihlas News Agency, or IHA, quotes Energy Minister Taner Yildiz as saying Tuesday.

Chinese Agency Plans To Take 51% Stake In Australia's Northern Uranium

Τρι, 10 Αυγούστου 2010 - 16:26

A local Chinese government agency in eastern China plans to take a controlling 51% stake in Australia's Northern Uranium Ltd. (NTU.AX) for A$15.7 million, according to a deal disclosed by the Australian uranium explorer Monday.

North Korea Turns To YouTube To Wage Propaganda War

Τρι, 10 Αυγούστου 2010 - 16:25

North Korea opened an account with the global video-sharing website YouTube, uploading clips praising the isolated Communist state.

Kazakhstan Boosts 1H Uranium Output By 42% -Kazatomprom

Δευ, 9 Αυγούστου 2010 - 14:10

Kazakhstan boosted its uranium production by 42% on year in the first half of 2010 to 8,452 metric tons, Kazakh state nuclear fuel company Kazatomprom said Monday.

China Orders 2,000 Firms To Shut Outdated Plants

Δευ, 9 Αυγούστου 2010 - 14:09

The Chinese government has ordered over 2,000 firms in high-polluting and energy-intensive industries to shut down outdated plants in its latest efforts to cut pollution and restructure the economy.

BP Says Gulf Oil Spill Reponse Cost Rises To $6.1 Billion

Δευ, 9 Αυγούστου 2010 - 14:09

Oil giant BP PLC (BP) said Monday the costs of compensating and cleaning up its massive spill in the Gulf of Mexico has now risen to $6.1 billion.

SunPower Signs Definitive Sale Agreement for Italian Power Plants

Δευ, 9 Αυγούστου 2010 - 14:09

SunPower Corp. (Nasdaq: SPWRA, SPWRB) today announced that Etrion Corporation (TSX: ETX), an independent solar power producer, has signed a euro 48 million definitive sale and purchase agreement to acquire the equity in the first two phases of the Montalto di Castro solar photovoltaic (PV) power park, the largest in Italy.

BP Spill Nears An End; Legal Battles Set To Start

Δευ, 9 Αυγούστου 2010 - 14:08

As the BP (BP.LN) spill in the Gulf of Mexico ends, legal battles are now likely to begin, say UBS. Notes the reporting season has seen Transocean, (RIG), Anadarko (APC) and Mitsui (MITSY) reject accruing for their contribution towards the spill.

Iraq July Oil Exports -0.16% On Month At 1.820M B/D - Official

Δευ, 9 Αυγούστου 2010 - 14:08

Iraq's crude oil exports fell in July to 1.820 million barrels a day, or 0.16%, compared with 1.823 million b/d the previous month due to weather disruption in southern export terminals, power cuts, and acts of sabotage against northern export pipeline, an Iraqi oil official said Monday.