English Edition

EU Report Favours Trading for Air Pollutants

Δευ, 15 Μαρτίου 2010 - 14:59

After having embraced carbon trading to fight climate change, the European Commission is now eyeing an EU-wide trading scheme for sulphur dioxide (SO2) and nitrogen oxides (NOx) to improve air quality. A draft study assessing the environmental and economic impacts of such a system was recently made public.

OPEC Expands Oil Rigs Most Since 2007 as Quotas Prove Illusory

Δευ, 15 Μαρτίου 2010 - 14:45

OPEC is increasing oil drilling at the fastest rate in 2 1/2 years even as production exceeds its quotas by the equivalent of a supertanker of crude a day and delegates prepare to pledge no increase in output. The 12-nation group boosted its number of oil and gas rigs 8.4 percent in January and February, the biggest two-month gain since June 2007, data from Baker Hughes Inc. show.

Russia, Bulgaria Creating Design Company for South Stream

Δευ, 15 Μαρτίου 2010 - 14:41

Russia and Bulgaria are planning to create soon a design company within the framework of the implementation of the South Stream project, in accordance with a bilateral agreement between the two countries, Russian Minister of Energy Sergei Shmatko told journalists on Monday after his talks with Tsetska Tsacheva, head of the Bulgarian People’s Assembly.

Few EU Countries Plan to Trade Renewable Energy

Παρ, 12 Μαρτίου 2010 - 17:56

Only five EU member states are planning to buy renewable energy from other countries, while the EU as a whole is on track to exceed its 20% collective target, the European Commission said yesterday

India, Russia Sign Pacts In Nuclear, Space, Fertilizer Sectors

Παρ, 12 Μαρτίου 2010 - 17:02

India and Russia Friday signed five agreements in the fields of space technology, nuclear reactors and fertilizer production. The two countries will collaborate in developing satellite navigation systems for civilian use and a road map has been drawn for Russia setting up nuclear power plants in India.

Eni Output Plans Aim To Soothe Investor Fears

Παρ, 12 Μαρτίου 2010 - 17:02

Eni SpA (E), Italy's biggest oil and natural gas company by volume, estimated Friday that hydrocarbon output growth will outstrip that of its peers, a forecast it hopes will quell investor alarm over its dividend policy.

Vattenfall Sells German Power Grid To Elia, IFM For EUR810M

Παρ, 12 Μαρτίου 2010 - 17:01

Utility Vattenfall Europe AG said Friday it has agreed to sell its German power transmission grid to a consortium comprising Belgian electricity grid operator Elia System Operator (ELI.BT) and Australian infrastructure fund Industry Funds Management.

Verbund May Raise EUR150M From Assets Sales in 2010

Παρ, 12 Μαρτίου 2010 - 17:01

Austrian power producer and grid operator Verbund AG (VER.VI) wants to sell non-core assets to create extra financial leeway in a tougher 2010 business climate, its chief executive told Dow Jones Newswires.

IEA Sees 2010 World Oil Demand Resuming Trend Growth

Παρ, 12 Μαρτίου 2010 - 17:00

The International Energy Agency Friday said it expects world oil demand in 2010 to resume trend growth seen earlier this decade, a bullish call, as economic activity advances in the second half of the year.

Gazprom To Start Production At Chayandinskoye Field In 2014

Παρ, 12 Μαρτίου 2010 - 16:59

Russian gas firm OAO Gazprom (GAZP.RS) expects to start production of oil at its Chayandinskoye oil and gas condensate field in 2014, the company said Friday. Natural gas production at Chayandinskoye, located in Siberia in the constituent republic of Sakha (Yakutia), will start in 2016, Gazprom said.

Bulgargaz Seeks 26.4 per cent Gas Price Increase, Regulator Opposed

Παρ, 12 Μαρτίου 2010 - 14:44

Repeating a pattern set in recent years, Bulgaria's state-run gas company Bulgargaz and the energy regulator once again came to blows on March 10 concerning the next gas price increase.

Greek-Russian Talks on Pipelines

Παρ, 12 Μαρτίου 2010 - 14:42

Deputy Environment, Energy and Climate Change Minister Ioannis Maniatis met on Tuesday with the ambassador of the Russian Federation Vladimir Chkhikvishivili, with talks focusing on the promotion of pipeline projects.

Venezuela Says Higher Oil Prices Helping It Pay Its Debts

Πεμ, 11 Μαρτίου 2010 - 19:19

The recent jump in global oil prices should allow oil-rich Venezuela to comfortably meet its financial obligations through the rest of the year, the Finance Ministry said in a statement Thursday.

Exxon's Annual Production To Rise 2%-3% Through 2013

Πεμ, 11 Μαρτίου 2010 - 19:18

Exxon Mobil Corp.'s (XOM) output is estimated to grow 2% to 3% this year from the 3.93 million barrels of oil equivalent per day it produced in 2009, the company said Thursday. The largest U.S. oil company by market value also said it expects to lift production at a pace through 2013.

Putin Deputy: TNK-BP's Kovykta Faces No «Vulgar Expropriation»

Πεμ, 11 Μαρτίου 2010 - 19:18

Russia's energy czar Thursday said BP PLC's (BP) joint venture won't face a "vulgar expropriation" of its license for the giant Kovykta gas field. The Natural Resources Ministry agency that handles licensing, Rosnedra, is currently considering whether to revoke Rusia Petroleum's Kovykta license as the company allegedly is not complying with the terms.

Japan Draft Climate Bill Sets 25% Emissions Cut Goal -Kyodo

Πεμ, 11 Μαρτίου 2010 - 19:17

Cabinet ministers compiled Thursday a draft climate bill for official adoption on Friday, which stipulates Japan's goal of slashing its greenhouse gas emissions by 25% from 1990 levels by 2020 and measures to realize the target, such as emissions trading scheme, carbon tax and incentives to boost renewable energies, Kyodo News reported.