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Gazprom Doubles Gas Imports From Azerbaijan From March 5

Τρι, 9 Μαρτίου 2010 - 18:50

Russian gas company OAO Gazprom (GAZP.RS) has doubled its gas imports from Azerbaijan to 5 million cubic meters a day as of March 5, the company said Tuesday.

Portugal Follows Greece Down Austerity Path

Τρι, 9 Μαρτίου 2010 - 16:39

Portugal became the latest euro zone country to announce austerity measures to rein in a ballooning budget deficit on Monday as debt-stricken Greece urged global action to curb speculation in credit default swaps.

EU CO2 Tax Proposal Due in April

Τρι, 9 Μαρτίου 2010 - 13:44

The EU's new taxation commissioner, Algirdas Šemeta, will revive debate on harmonised minimum CO2 tax rates on fuels at EU level, and plans to table fresh proposals as early as next month, it has emerged.

Exxon Lowers Bar, Buys Assets Previously Deemed Unattractive

Τρι, 9 Μαρτίου 2010 - 13:42

Exxon Mobil Corp., BP Plc and Total SA are investing in assets that previously weren’t worth their time or money after oil-rich nations reduced access to reserves and exploration drilling faltered.

Chevron, Exxon Expected to Continue Aggressive Spending

Τρι, 9 Μαρτίου 2010 - 13:39

U.S. oil giants Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) are expected to unveil this week business plans that point toward continued aggressive capital spending and improved production.

New Energy Car Buyers to Get Subsidy

Τρι, 9 Μαρτίου 2010 - 13:38

China iis considering offering a subsidy of as much as 60,000 yuan (US$8,797) to consumers who buy a new energy vehicle, Li Yizhong, Minister of Industry And Information Technology, said yesterday.

EDF: Renewable Energies Still Lack Competitiveness Vs Nuclear

Δευ, 8 Μαρτίου 2010 - 18:10

Renewable energies still lack competitiveness compared with nuclear power, French state-controlled power giant Electricite de France's (EDF.FR) Chairman and Chief Executive Henri Proglio said Monday, during a conference over the access to civil nuclear energy.

Energy Firms To Create Strategy For European Power Super-Grid

Δευ, 8 Μαρτίου 2010 - 18:09

Ten leading European companies gathered Monday to announce the launch of a new group that will help European lawmakers set the framework for the construction of a European electricity super-grid in the North Sea.

TVO Exec: Still Sees Risk EPR Reactor Not Ready 2012

Δευ, 8 Μαρτίου 2010 - 18:08

Finland's Teollisuuden Voima Oyj still sees a risk that the EPR-type nuclear reactor that French nuclear group Areva SA (CEI.FR) is building for it won't be operational by the 2012 target date.

Traders Cut Supplies of Petrol to Iran

Δευ, 8 Μαρτίου 2010 - 14:35

The world’s largest oil traders have quietly stopped supplying petrol to Iran in a clear sign that the threat of sanctions and Washington’s behind-the-scenes efforts to convince companies not to sell to Tehran are paying off.

Shell, PetroChina Offer $3 Billion for Australia’s Arrow Energy

Δευ, 8 Μαρτίου 2010 - 14:31

Royal Dutch Shell Plc and PetroChina Co. made an offer worth more than A$3.3 billion ($3 billion) to acquire Arrow Energy Ltd., the holder of Australia’s biggest coal-seam gas acreage, triggering a record gain in the shares.

EU Money Injects New Life Into Electricity Interconnection

Δευ, 8 Μαρτίου 2010 - 14:28

The European Commission today allocated over β‚903 million to electricity interconnection projects as part of its broader European Economic Recovery Plan, injecting new impetus into long standing electricity grid development plans within the EU

EU Said to Develop Contingency Plans for Greek Rescue

Παρ, 5 Μαρτίου 2010 - 18:03

European Union nations are working on a contingency rescue plan for Greece to be funded by its member governments, according to two people briefed yesterday in Berlin by an EU official. The briefing, coming the day Greece sold 5 billion euros ($6.8 billion) of bonds, underscores the balancing act facing European officials as they prod Greek Prime Minister George Papandreou to cut