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EU Needs To Up CO2 Cut Target To Boost Green Economy - Official

Τρι, 11 Μαΐου 2010 - 18:48

The European Union must consider raising its emissions reduction targets to 30% as a key part of measures to encourage investment and job creation in clean technologies or risk losing out to competitors from China and elsewhere, EU climate chief Connie Hedegaard said Tuesday.

Nuclear-Power Systems A Critical Element Of Toshiba's Plans

Τρι, 11 Μαΐου 2010 - 18:47

After staking its future on its pricey 2006 acquisition of nuclear-power firm Westinghouse Electric Co., Toshiba Corp. (TOSYY, 6502.TO) says the gamble is starting to pay off with projections for a steady increase in orders and revenue.

E.ON Has Right To Reclaim Nuclear Power Quota Sold To RWE

Τρι, 11 Μαΐου 2010 - 18:46

E.ON AG (EOAN.XE) has secured itself the right to reclaim nuclear power production quotas the German utility sold to its main domestic competitor RWE AG (RWE.XE) over the weekend, said Chief Executive Johannes Teyssen Tuesday.

Russian Deputy PM: Samsun-Ceyhan Pipeline To Cost $3 Bln - IHA

Τρι, 11 Μαΐου 2010 - 18:46

The construction of a planned Turkish oil pipeline to be built from the Black Sea port of Samsun to Ceyhan port on the Mediterranean is expected to cost $3 billion, Russian Deputy Prime Minister Igor Sechin said Tuesday, the Ihlas News Agency, or IHA, reports.

Terna Sees '10 Italy Electricity Demand Growth At 1.3% To 1.6%

Τρι, 11 Μαΐου 2010 - 18:45

Terna SpA (TRN.MI) expects Italy's electricity demand to grow between 1.3% and 1.6% this year, said Flavio Cattaneo, chief executive officer of Italy's biggest power grid by capacity, Tuesday.

IEA Sees Great Potential for Solar, Providing up to a Quarter of World Electricity by 2050

Τρι, 11 Μαΐου 2010 - 17:26

Solar electricity could represent up to 20% to 25% of global electricity production by 2050. This important finding emerges from two new analyses by the International Energy Agency (IEA): the solar Photovoltaic (PV) and Concentrating Solar Power (CSP) roadmaps, launched today in Valencia/Spain, during the Mediterranean Solar Plan Conference hosted by the Spanish presidency of the EU.

UN Paints Bleak Outlook for Global Biodiversity

Τρι, 11 Μαΐου 2010 - 13:58

The Amazon forest, global coral reefs and inland water ecosystems are being destroyed to the extent that they may never recover, putting at risk the human livelihoods that depend on them, the UN warns in a new report.

BP Relief Wells Bring Risk of Bigger Gulf of Mexico Oil Spill

Τρι, 11 Μαΐου 2010 - 13:56

BP Plc faces the risk of an even bigger oil spill as it attempts to drill two so-called relief wells to plug a leak on the seabed of the Gulf of Mexico that’s gushing 5,000 barrels a day into the ocean.

BP Oil Spill May Thwart Industry Push Into Norwegian Arctic

Τρι, 11 Μαΐου 2010 - 13:48

BP Plc’s oil spill off the Louisiana coast may stall a push by the industry to open up areas near Norway’s Lofoten and Vesteraalen islands, home to Arctic cod spawning grounds and sperm whales.

Death Toll From Mine Explosions Rises to 47

Τρι, 11 Μαΐου 2010 - 13:46

The death toll from twin underground explosions at the Raspadskaya mine in Russia’s Kemerovo region has risen to 47. Search for 43 missing miners continues, the Russian Ministry for Emergency Situation reports.

Putin's Idea to Unite Naftogaz, Gazprom is Impromptu - Yanukovich

Τρι, 11 Μαΐου 2010 - 13:45

Ukraine’s President Viktor Yanukovich described as an improvization the proposal from Russia’s Prime Minister Vladimir Putin regarding the possibility of a merger of Naftogaz and Gazprom.

Oil Falls Towards $76 as EU Concerns Resurface

Τρι, 11 Μαΐου 2010 - 13:43

Oil fell toward $76 on Tuesday as euphoria over the euro zone's $1 trillion rescue package faded, leaving doubts over the longer-term outlook for Europe's economies and their future demand for fuel.

Romania Aims to Become a Hub for the European Gas Market

Δευ, 10 Μαΐου 2010 - 18:59

Taken together, EU financial support for interconnecting emerging Europe's gas network combined with the prospect of liquefied natural gas (LNG) shipments of Azeri gas arriving in Romania via Georgia could see Romania turning into a gas transit hub before you can say "Nabucco." However, claims that these plans could replace that EU-backed pipeline are arguably overblown.

Chavez Tweets $40B Oil Investment Signing Plan

Δευ, 10 Μαΐου 2010 - 18:58

President Hugo Chavez said in a Twitter message that Venezuela on Wednesday will sign investment deals worth $40 billion with oil companies from the U.S., India, Japan and Spain. Firms from these countries, including Chevron (CVX) and Repsol (REP.MC) , are involved in consortia that won rights to drill for oil with state-run PDVSA in Carabobo oil blocks.

Russia, Turkey To Sign Energy Deals During Medvedev Visit

Δευ, 10 Μαΐου 2010 - 18:58

Russia and Turkey will sign more than 20 agreements, including energy deals, during President Dmitry Medvedev's visit to Ankara this week, his top foreign policy aide said in comments released Monday.

Saudi Leaves June Term Crude Volumes To Europe Unchanged-Trade

Δευ, 10 Μαΐου 2010 - 18:57

Saudi Arabian Oil Co., or Saudi Aramco, has left its June term crude oil allocations unchanged for several European buyers, according to crude traders Monday. Three European lifters contacted by Dow Jones Newswires said state-owned Aramco had kept allocations, mainly of light crude, at full volume in June, steady from May.