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Bulgaria Walks out of Burgas-Alexandroupolis Pipeline

Παρ, 11 Ιουνίου 2010 - 14:17

Bulgaria's prime minister has surprisingly announced that it will dump the Burgas-Alexandroupolis oil pipeline project over fears that it is unprofitable and damaging for the country. The statement comes a day after Russia warned that it may indefinitely delay construction of the oil pipeline across Bulgaria and Greece if Sofia does not complete its revision of the plan in the next few months

US Military Sees No Sign Of Iranian Incursion In Iraqi North

Πεμ, 10 Ιουνίου 2010 - 19:05

The U.S. military said Thursday it had no evidence to substantiate a report that Iranian troops have been building a small fort on Iraqi territory since crossing the border in pursuit of Kurdish rebels.

BP: Will Be Able To Collect Extra 10,000 Bbl/Day Within Week

Πεμ, 10 Ιουνίου 2010 - 19:05

BP PLC (BP) should be able to capture up to 10,000 barrels a day more of the oil leaking into the Gulf of Mexico within a week with the deployment of a second system attached to the well head, Senior Vice President Kent Wells said Thursday.

E.ON Ruhrgas Plans To Auction 55 TWh Of Gas Over 5-year Period

Πεμ, 10 Ιουνίου 2010 - 19:04

E.ON Ruhrgas AG, Germany's largest importer of natural gas by volume, said Thursday it plans to auction 55 terawatt-hours of gas over a five-year period.

Libya, Greece Sign Strategic Cooperation Accord

Πεμ, 10 Ιουνίου 2010 - 19:04

Libya and Greece have signed an accord that paves the way for "strategic cooperation" between the two countries during the Greek premier's visit to the oil-rich country, Libyan media reported Thursday.

IEA: '10 Global Demand Rising But Still Downside Risks

Πεμ, 10 Ιουνίου 2010 - 19:03

The International Energy Agency Thursday raised its 2010 world oil demand forecast, on stronger-than-expected demand but said up to 300,000 barrels a day of future U.S. output may be at risk if a U.S. drilling moratorium is extended.

China Overseas Oil And Gas Investment Gathering Pace -IEA

Πεμ, 10 Ιουνίου 2010 - 19:03

Overseas investments by China's national oil companies in 2010 look as if they will outpace by far the $18.2 billion spent in 2009, with more than half that amount already committed by April, according to an International Energy Agency study issued Thursday.

Power Firms, Wind Sector Join Calls for EU Grid Plan

Πεμ, 10 Ιουνίου 2010 - 15:07

A more coordinated approach to electricity grid planning is needed if Europe is to reap the benefits of large-scale investment in renewable energies, said large EU power firms and the wind sector in a joint statement yesterday (9 June).

Commission Sets Rules for Green Biofuel Label

Πεμ, 10 Ιουνίου 2010 - 15:03

To ensure that biofuels contributing to the EU's 20% renewable target are produced in a sustainable manner, the European Commission called for industry and governments to set up certification schemes.

BP Trades as Junk, Credit-Default Swaps Invert: Credit Markets

Πεμ, 10 Ιουνίου 2010 - 15:00

BP Plc bonds and credit-default swaps are trading as if the energy company has lost its investment-grade rating as costs mount from the worst oil spill in U.S. history.

Russia Overtakes Saudi Arabia as World Oil Production Leader - paper

Πεμ, 10 Ιουνίου 2010 - 14:57

Russia produced more oil and less gas than Saudi Arabia in 2009 and is now the world's biggest oil producer, a Russian business daily said on Thursday.

UN Hits Iran With New Sanctions Over Nuclear Program

Τετ, 9 Ιουνίου 2010 - 19:01

The UN Security Council on Wednesday slapped broader military and financial sanctions on Iran over its suspect nuclear program, but Brazil and Turkey voted against. The vote in the 15-member council was 12 in favor, with Lebanon abstaining and Brazil and Turkey voting against.

Russian Nuclear Reactor Shut After Pump Failure

Τετ, 9 Ιουνίου 2010 - 19:01

A reactor at a nuclear power plant near Saint Petersburg was shut down on Wednesday because of a technical fault, the plant's management said.