English Edition

Turkey's Anel Elektrik Shares Up 1% On Debut - IHA

Τετ, 16 Ιουνίου 2010 - 18:48

Shares in Turkey-based energy company Anel Elektrik Proje Taahhut ve Ticaret AS were up 1% from their base price of 5.30 lira ($3.38) on their first day of trading on the Istanbul Stock Exchange Wednesday, the Ihlas News Agency, or IHA, reports.

Nuclear Power Could Generate 25% Of Electricity By 2050 -IEA

Τετ, 16 Ιουνίου 2010 - 18:47

Nuclear power could be generating almost one quarter of global electricity by 2050, making a significant contribution to reductions in greenhouse gas emissions, the International Energy Agency said Wednesday.

Speech by the Deputy Ministers of Energy and Foreign Affairs on the 4th SEEED Conference of IENE

Τετ, 16 Ιουνίου 2010 - 16:56

Welcoming speech by mr. John Maniatis, Greek Deputy Minister for Energy and mr. Spyros Kouvelis, Greek Deputy Foreign Minister, at the 4th SEEED Conference in Thessalonica, organized by IENE.

BP Swaps Rise to Record at 39% Odds of Default: Credit Markets

Τετ, 16 Ιουνίου 2010 - 13:21

Credit investors are pricing in a more than 39 percent chance BP Plcwill default within five years as it tangles with the Obama administration over cleanup costs and claims for the biggest oil spill in U.S. history.

Oil and Gas Production in Russia to Fall After 2011 - LUKoil head

Τετ, 16 Ιουνίου 2010 - 13:18

Oil and gas production in Russia will start declining gradually after 2011 if the government does not change laws to stimulate geological exploration, LUKoil head Vagit Alekperov said on Wednesday.

Russia Plans On Renewed East Siberia Oil Export Duty

Τρι, 15 Ιουνίου 2010 - 17:47

Russia's government has decided to partially reinstate an export duty on crude oil produced in East Siberia starting July 1 in order to release more funds for the federal budget, a government official said Tuesday.

Spain To Cut Solar, Offshore Wind Capacity Targets

Τρι, 15 Ιουνίου 2010 - 17:46

The Spanish government plans to lower its installed capacity targets for solar and offshore wind power until 2020 due to a decline in electricity demand, according to a draft released by the Institute for the Diversification and Saving of Energy Tuesday, or IDAE.

Obama To Create Oil Recovery Czar -Spokesman

Τρι, 15 Ιουνίου 2010 - 17:46

President Barack Obama, in his televised speech to the nation Tuesday, will announce the creation of an oil recovery "czar" to oversee progress in siphoning crude from the Gulf of Mexico oil spill, his chief spokesman said.

Bulgaria PM: Don't Have Money For Burgas Oil Pipe - Report

Τρι, 15 Ιουνίου 2010 - 17:45

Bulgaria's premier has said the country doesn't have money to pay for the proposed Burgas-Alexandroupolis oil pipeline, the Sofia News Agency reports on its website Tuesday.

GDF Suez: To Build 1,730 MW Power Plant In Saudi Arabia

Τρι, 15 Ιουνίου 2010 - 17:45

French utility GDF Suez (GSZ.FR) Tuesday announced a 20-year power purchase agreement with Saudi Electricity Co (5110.SA), and said that it--along with its partners Aljomaih Holding Co of Saudi Arabia and Japan's Sojitz Corp. (2768.TO)--will start building the 1,730 megawatt gas-fired power plant for the project.

Saudi Aramco Says Raised Oil Capacity, Gas Production In 2009

Τρι, 15 Ιουνίου 2010 - 17:44

Saudi Arabian Oil Co., the world's biggest oil company, said Tuesday it boosted its recoverable oil and gas reserves in 2009, and raised total crude oil production capacity to 12 million barrel a day, while crude production fell.

President Obama Boosts Oil Price

Τρι, 15 Ιουνίου 2010 - 13:20

Moscow’s bourses look set to open with a small gain to reflect yesterday’s positive session in GDRs, albeit that gain will be less than previously expected due to the late sell-off in the US markets and Moody’s reminder that Greece’s debt problems are far from resolved. The ruble should also see a small opening gain with oil trading above $75 p/bbl again in Asia.

Motor Oil: Competition Committee Approves Shell Acquisition

Τρι, 15 Ιουνίου 2010 - 13:17

The competition committee approved on Friday the acquisition of Shell Hellas from Motor Oil. However, the committee said that Shell and Avin will have to reduce their market share to 55% in two Greek counties (Ioannina and Kefalonia), which was more or less expected.