English Edition

Wave of Oil Tanker Deals Predicted

Πεμ, 4 Μαρτίου 2010 - 14:40

Consolidation among oil tanker owners will accelerate as a result of tough shipping and financial market conditions, one of the sector’s key figures has predicted. The comments by Morten Arntzen, chief executive of New York-listed Overseas Shipholding Group, come amid a glut of sharp profit falls for the large tanker operators.

German Cabinet Agrees Solar Incentive Cuts

Πεμ, 4 Μαρτίου 2010 - 14:38

Chancellor Angela Merkel's cabinet as expected has agreed to a proposed cuts to state-mandated solar power incentives in July, a government source told Reuters on Wednesday.

Shell Aims for New Nigeria as $19 Billion Qatar Plant Starts

Πεμ, 4 Μαρτίου 2010 - 13:40

Royal Dutch Shell Plc spent $19 billion, triple the original estimate, to build the world’s largest gas-to-liquids plant. Now, it’s pay-off time and the company says the project may generate $6 billion a year.

Greece Begins 10-Year Bond Sale as Austerity Plan Fuels Protest

Πεμ, 4 Μαρτίου 2010 - 13:38

Greece began selling 10-year bonds as protesters in Athens stormed the finance ministry and blocked roads after Prime Minister George Papandreou pledged to reduce Europe’s largest budget deficit by cutting wages and spending.

Commission Wants EU Capital for New Bulgarian Nuclear Plant

Τετ, 3 Μαρτίου 2010 - 15:33

On a visit to Sofia, Energy Commissioner Guenter Oettinger said yesterday (2 March) that the EU executive is interested in securing "European participation" in financing the Belene nuclear power plant, a project being built in northern Bulgaria by Russia's Atomstroyeksport. Dnevnik, EurActiv's partner in Bulgaria, reports.

Britain Launches Green Homes Loan Scheme

Τετ, 3 Μαρτίου 2010 - 15:32

British households will be able to take out soft loans to improve the efficiency of their homes under a proposed new law to fight climate change and cut fuel poverty, the government said on Tuesday

Romanian President: We Want to Attract Kazakhstan in Europe Gas Transit Project

Τετ, 3 Μαρτίου 2010 - 13:56

Romanian President Traian Basescu declared on Tuesday, March 2 2010, on leaving to Kazakhstan, that one of the aims of the visit is to attract this country into gas projects involving Romania, like PEOP and the project regarding gas transit to Europe, Romanian news agency Mediafax informs.

EU Backs Bulgaria Role in South Stream

Τετ, 3 Μαρτίου 2010 - 13:55

EU Energy Commissioner, Guenther Oettinger, has stated that the EU supports the Russian backed South Stream gas pipeline provided that it meets technical requirements for security. Oettinger is in Bulgaria for Tuesday’s international forum ‘Energy security in the wider Black Sea region: an approach to public-private partnership’.

CEE Join to Form Gas Supply Triangle

Τετ, 3 Μαρτίου 2010 - 13:54

Representatives of 11 Central and East European countries signed a joint declaration Wednesday, calling for the establishment of a north-south-east gas system to ensure supplies are secure.

Bulgaria Should Rely on Sources Other Than Just Russian Natural Gas

Τετ, 3 Μαρτίου 2010 - 13:52

Bulgaria needed to diversify its fuel energy sources and guarantee its people a stable and corruption-free environment, US ambassador James Warlick was quoted as saying by Bulgarian-language Dnevnik daily on February 25 2010.

EU Prioritizing Nabucco Pipe, Could Back South Stream

Τρι, 2 Μαρτίου 2010 - 18:25

The Nabucco gas pipeline remains a priority for the European Union but the bloc could also back Russia's South Stream project, EU Energy Commissioner Gunther Oettinger said Tuesday.

EU Eyes European Investment In Bulgarian Nuclear Plant

Τρι, 2 Μαρτίου 2010 - 18:25

European Union Energy Commissioner Guenther Oettinger on Tuesday backed Bulgarian efforts to find a European investor for a new nuclear plant in Bulgaria that a Russian company has been hired to build.

Total CEO: In Talks On Projects In Russia

Τρι, 2 Μαρτίου 2010 - 18:24

French oil major Total SA (TOT) is in talks on potential projects in Russia, Chief Executive Christophe de Margerie said Tuesday in an interview with BFM Radio, but these discussions aren't sufficiently advanced to lead to a deal yet.

Russia Sees Room For Diplomacy On Iran Nuclear Program

Τρι, 2 Μαρτίου 2010 - 18:24

Russia still believes there is room for a diplomatic solution to the dispute with Iran over its nuclear program, Israeli newspaper Haaretz reports on its Web site Tuesday, citing Russian Foreign Minister Sergei Lavrov.

BP Focuses On Refining For $3B Profitability Boost

Τρι, 2 Μαρτίου 2010 - 18:23

BP PLC (BP) said Tuesday focus on improving the profitability of its refining operations over the next two to three years in an effort to boost the company's annual underlying pretax profit by more than $3 billion.

Russia,Croatia Sign MOU On South Stream Participation

Τρι, 2 Μαρτίου 2010 - 18:22

Croatia Tuesday agreed with Russia to take part in the South Stream project, which that country is leading to build a pipeline under the Black Sea, Interfax reported.