English Edition

OPEC Urges US To Look Again At Offshore Drilling Ban

Δευ, 28 Ιουνίου 2010 - 18:50

The Organization of Petroleum Exporting Countries Monday urged the U.S. to reconsider legal moves and ditch a ban on deep-water drilling slapped on the oil industry in the wake of the Gulf of Mexico disaster.

Iran Freezes Nuclear Talks For Two Months

Δευ, 28 Ιουνίου 2010 - 18:49

President Mahmoud Ahmadinejad said Monday that Iran will penalize world powers by freezing nuclear talks for two months as he laid down several conditions for resuming the negotiations.

India, China Seen Representing Up To 40% Of Oil Demand Growth

Δευ, 28 Ιουνίου 2010 - 18:49

India and China will represent 35%-40% of the 1.6 mln B/D growth in oil demand next year, said, said Francisco Blanch, head of Global Commodities Research at Bank of America Merrill Lynch Monday morning.

US Oil Companies Said to Eye Bulgarian Share of Burgas-Alexandroupolis Pipeline

Δευ, 28 Ιουνίου 2010 - 17:05

US companies such as Chevron and Exxon Mobil are most likely going to acquire shares of the Burgas-Alexandroupolis oil pipeline, Plamen Rusev, Director of the Bulgarian branch of the Trans-Balkan Pipeline company, told Novinite.com (Sofia News Agency)

Search for Oil, Natural gas to Start

Δευ, 28 Ιουνίου 2010 - 16:00

The Greek government will commission searches for oil and natural gas in central and northern Greece in the next year, according to Deputy Environment, Energy and Climate Minister Yiannis Maniatis.

Bulgarian Industry Appalled by Gas Price Hike

Δευ, 28 Ιουνίου 2010 - 13:52

The proposed hike in the price of natural gas of almost 30% will hit hard on the Bulgarian industry, writes Bulgarian daily Dnevnik.

BP Oil Spill Costs Hit $100 million/day

Δευ, 28 Ιουνίου 2010 - 13:50

BP said it had spent $300 million on its Gulf of Mexico oil spill response effort in the past three days, hitting the $100 million/day spend rate for the first time and bringing its total bill to $2.65 billion so far.

Hedegaard Throws Weight Behind EU Carbon Tax

Δευ, 28 Ιουνίου 2010 - 13:49

'Don't tax what you earn, tax what you burn'. In an interview with EurActiv, EU Climate Action Commissioner Connie Hedegaard throws her weight behind an EU carbon tax and speaks about Europe's efforts to stay ahead of the game in international climate negotiations.

Shale Gas Heats Polish Presidential Elections

Δευ, 28 Ιουνίου 2010 - 13:48

The front runner in Poland's presidential election, Bronisław Komorowski, said on 27 June that Warsaw could not sign a long-awaited gas deal with Moscow if it were to find enough shale gas in its territory.

Gazprom Neft To Explore Equatorial Guinea Shelf - Interfax

Παρ, 25 Ιουνίου 2010 - 19:35

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian gas giant OAO Gazprom (GAZP.RS), and Equatorial Guinea's national oil company GEPetrol signed an agreement to work together on two deposits on the African country's sea shelf, Interfax reports Friday

Bulgarian PM Confirms Support For Belene Nuclear Plant -Report

Παρ, 25 Ιουνίου 2010 - 19:33

Bulgaria's prime minister has confirmed his support for the construction of the county's second nuclear power station at Belene, Sofia News Agency reports on its website Friday. "Belene nuclear power plant project is not frozen," Boyko Borisov is quoted as saying as he reaffirmed his stance after contradictory statements made this month

India Allows Gasoline Prices To Be Market-Driven

Παρ, 25 Ιουνίου 2010 - 19:30

India Friday said gasoline prices will be now be driven by the market, a move which will help the government cut its budget deficit by saving on subsidies, although it may stoke inflation. State-run oil marketing companies, which now sell fuel products at state-set prices, will gain, as investors showed Friday by cheering on their shares

Iraq Cuts Officials' Privileges Amid Power Crisis - Minister

Παρ, 25 Ιουνίου 2010 - 19:29

Iraqi Oil Minister Hussein al-Shahristani Friday revoked electricity privileges enjoyed by government officials as he took temporary control of the power portfolio amid public fury over rationing. Shahristani, a key ally of Prime Minister Nouri al-Maliki, said his measures would redirect much-needed supplies to a national grid that currently provides ordinary citizens with power for only one hour in every five, or less