English Edition

Biofuels Industry Set to Suffer from Lack of Green Rules

Τετ, 3 Φεβρουαρίου 2010 - 15:05

The EU's current indecision on environmental criteria for biomass could discredit the whole industry, which lives off its climate-friendly image, Eric Johnson, managing director of Atlantic Consulting, told EurActiv in an interview.

IEA Commends Italy on Progress in Energy Policy but Cautions that Further Long-Term Challenges Remain

Τετ, 3 Φεβρουαρίου 2010 - 15:04

“Significant recent changes in Italy’s energy legislation provide the country with new opportunities to build on past successes”, said Nobuo Tanaka, Executive Director of the International Energy Agency (IEA) today in Rome at the launch of Energy Policies of IEA Countries – Italy 2009 Review.

TAP Makes Excellent Political Progress in Italy and Albania

Τετ, 3 Φεβρουαρίου 2010 - 15:01

TAP met with a number of Ministers and officials in both Italy and Albania in January. “These meetings have shown that the TAP project is moving forward in a positive direction. All the various Ministers and Ministries have expressed a great deal of interest in the TAP pipeline and demonstrated a real willingness to support the project going forward” says Michael Hoffmann

Russian Energy Earnings Increase

Τρι, 2 Φεβρουαρίου 2010 - 19:55

Russian state-controlled energy giants OAO Gazprom and OAO Rosneft Monday said quarterly earnings rose on higher global energy prices and increased exports.

Gazprom Neft Mulls Finance Options, Bonds and Loans-Sources

Τρι, 2 Φεβρουαρίου 2010 - 19:55

Russian state-controlled Gazprom's oil unit, OAO Gazprom Neft (SIBN.RS), is considering funding options after requesting financing proposals from banks, said people familiar with the situation Tuesday.

Turkey Bosporus,Dardanelles Straits Closed On Bad Weather

Τρι, 2 Φεβρουαρίου 2010 - 19:54

Turkey's Bosporus Strait and Dardanelles Strait have been closed to tanker traffic due to bad weather, an official from the Turkish Coastal Safety Agency said Tuesday, the Ihlas News Agency, or IHA, reports.

France,Turkmenistan Agree To Step Up Co-operation,Expand Trade

Τρι, 2 Φεβρουαρίου 2010 - 19:51

French President Nicolas Sarkozy and Turkmenistan's leader agreed Monday to strengthen their co-operation and expand trade in energy, tourism and communications.

PGNiG To Gradually Increase Purchases From Gazprom

Τρι, 2 Φεβρουαρίου 2010 - 18:05

Polish gas monopoly PGNiG (PGN.WA) will gradually increase its gas purchases from Russia's OAO Gazprom (GAZP.RS), Polish daily Gazeta Wyborcza reports Tuesday.

E.ON Confirms Talks With Hungary Govt, Utility MVM

Τρι, 2 Φεβρουαρίου 2010 - 18:05

E.ON AG (EOAN.XE) Tuesday confirmed it is in talks over a possible sale of minority stakes in its Hungarian power distribution assets, shedding some light on which assets the German utility is considering to sell in a drive to further reduce its debt pile.

OIL DATA: Russia Jan Oil Output 10.04M B/D, Down 0.1% On Mo

Τρι, 2 Φεβρουαρίου 2010 - 18:04

Russia produced an average of 10.04 million barrels a day of crude oil and gas condensate in January, down 0.1% from December, statistics from the Energy Ministry showed Tuesday.

BP Sees ‘Slow’ Recovery as Profit Misses Estimates

Τρι, 2 Φεβρουαρίου 2010 - 14:44

BP Plc, Europe’s biggest oil company, expects the recovery from last year’s recession to be “slow and gradual” as fourth-quarter earnings missed analyst estimates. Earnings excluding one-time items and gains or losses from inventories rose 68 percent to $4.38 billion from a year earlier.

Cnooc to Boost Oil, Gas Output by 28% to Meet Demand

Τρι, 2 Φεβρουαρίου 2010 - 14:38

Cnooc Ltd., China’s biggest offshore oil explorer, aims to increase oil and gas production by as much as 28 percent this year as demand for fuel rises in the world’s fastest-growing major economy.

BP Solar Completes New Project in Northern Greece

Τρι, 2 Φεβρουαρίου 2010 - 14:35

BP Solar, a subsidiary of BP that focuses on solar power, has completed the construction of a 1-megawatt (MW) photovoltaic power plant in Kilkis, northern Greece, in one of the biggest projects of its type in the country, it said yesterday.