English Edition

Euro Strengthens After Deal With Greece

Τρι, 13 Απριλίου 2010 - 13:36

An April 11 2010 agreement among the 16 countries of the euro zone on the terms of a multi-billion euro package of financial support to be given to Greece was followed by the euro gaining sharply against the dollar and pound sterling.

Conoco Said to Bet on U.A.E. Alliance in Caspian Oil Race

Τρι, 13 Απριλίου 2010 - 13:35

ConocoPhillips plans to team up with Abu Dhabi-backed Mubadala Development Co. to bid for oil and gas fields in the Caspian Sea off Turkmenistan after an attempt with Russia’s OAO Lukoil foundered, a person familiar with the strategy said.

World Oil Demand to Hit Record High This Year: IEA

Τρι, 13 Απριλίου 2010 - 13:33

Global oil demand will hit a record high this year, the International Energy Agency (IEA) said on Tuesday, revising up consumption estimates as the world economy recovers from recession.

Bulgaria to Dismantle Energy Holding by End-June - Minister

Τρι, 13 Απριλίου 2010 - 13:30

Bulgarian Energy Holding (BEH), the corporate structure set up to group most of the state-owned assets in the energy sector, would be disbanded by end-June, Bulgaria's Economy and Energy Minister Traicho Traikov said on April 12.

EU Commissioner Sees Decision On Nabucco By Year-End

Δευ, 12 Απριλίου 2010 - 19:30

A final decision on whether to go ahead with the Nabucco gas pipeline project will be made by the end of this year, European Union Energy Commissioner Guenther Oettinger said Friday.

Iran Says Designed, Tested 3rd Generation Centrifuges - Report

Δευ, 12 Απριλίου 2010 - 19:29

Iran has designed and tested a third generation of centrifuges that are twice as powerful as those already operating, state PressTV reports Friday citing the head of the country's Atomic Energy Organization.

Wintershall:Still Not Concluded Gazprom Gas Price Talks

Δευ, 12 Απριλίου 2010 - 19:29

Wintershall AG, the upstream oil and gas unit of German chemicals company BASF SE (BAS.XE), said Friday it is still negotiating with gas giant Gazprom OAO (GAZP.RS) over prices and volumes, but insists on more flexibility from the Russian gas exporter.

E.ON Ruhrgas Sees Slow Growth In European Gas Demand

Δευ, 12 Απριλίου 2010 - 19:28

Demand for natural gas shipped to Europe via pipelines will grow in the coming years, but growth will be hampered by higher energy efficiency measures and rising supplies of liquefied natural gas, Bernhard Reutersberg, chief executive of Germany's largest gas importer E.ON Ruhrgas, said Friday.

Enel Hopes To Get EUR4 Bln From Renewables Stake Sale

Δευ, 12 Απριλίου 2010 - 19:28

Enel SpA (ENEL.MI) hopes to raise EUR4 billion from the sale of a minority stake in its renewables company as part of its efforts to reduce its debts, said Chief Executive Fulvio Conti Friday.

Italy's Eni Blocking South Stream Progress - Gazprom

Δευ, 12 Απριλίου 2010 - 19:27

Italian energy giant Eni SpA (E), Russia's partner in its planned South Stream gas pipeline, is blocking the project's development, a top official with Russian gas company OAO Gazprom (GAZP.RS) said Friday.

Obama Nuclear Summit To Focus On Weapons Grade Threats

Δευ, 12 Απριλίου 2010 - 19:27

President Barack Obama's nuclear security summit next week will target the "gravest danger to America" -- plutonium and uranium stocks which extremists could use for full-scale nuclear bombs, officials said Friday.

Energy Minister: Nationalisation of Power Utilities Will Not Prove Beneficial

Δευ, 12 Απριλίου 2010 - 13:28

Nationalisation of the three power distribution companies in Bulgaria, owned by Austria's EVN, Czech CEZ and Germany's E.ON, was not a priority for the state and would not reap any dividend, Economy and Energy Minister Traicho Traikov told private national Nova Televisia on April 9 2010.

Carbon Cap Would Deny Iran Precious Petrodollars: Over $100 Million A Day

Δευ, 12 Απριλίου 2010 - 13:18

A strong cap on carbon would significantly cut the flow of petrodollars to Iran’s hostile regime, a Wonk Room analysis shows. The economic and political strength of Iran’s dictatorship is a threat to the national security of the United States and the world, and its nuclear ambitions threaten to destabilize the Middle East.