English Edition

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.

BP May Lose U.S. Oil Leases, Contracts After Spill

Τρι, 15 Ιουνίου 2010 - 13:12

BP Plc may lose control of its U.S. oil and natural gas wells and be barred from doing business with the federal government as punishment for the worst oil spill in U.S. history, industry and regulatory analysts said.

Brazil's Petrobras To Explore For Oil Off Cape Verde - Estado

Δευ, 14 Ιουνίου 2010 - 18:38

Brazilian federal oil company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, will explore for oil off the coast of the Cape Verde, the island nation's prime minister said Monday.

EU Climate Chief, EIB To Explore Joint Climate Finance Initiative

Δευ, 14 Ιουνίου 2010 - 18:36

European Climate Action Commissioner Connie Hedegaard and the European Investment Bank Monday agreed to explore a joint climate finance initiative for developing countries as part of EU commitments made at last year's Copenhagen conference.

BP Makes Plan To Capture 50,000 Bbl/Day Of Leak

Δευ, 14 Ιουνίου 2010 - 18:35

Oil continues to flow into the Gulf of Mexico from BP PLC's (BP) Macondo well, affecting hundreds of miles of coastal beaches and marshes in Louisiana, Mississippi, Alabama and Florida. The spill was triggered by an explosion on April 20 that destroyed the Transocean Ltd. (RIG) drilling platform Deepwater Horizon, killing 11 crew members.

Egypt's First Solar Plant To Open By Year's End - Minister

Δευ, 14 Ιουνίου 2010 - 18:34

Egypt will open its first solar energy plant by the end of this year, electricity and energy minister Hassan Yunis said in a report published Monday on the ministry's website.

Greenpeace Activists Break Into Swedish Nuclear Plant

Δευ, 14 Ιουνίου 2010 - 18:33

As many as 30 Greenpeace activists broke into a Swedish nuclear plant Monday, demanding that parliament this week vote against allowing new nuclear facilities to be built, the group and police said.