English Edition

Anadarko Gas Find Opens E Africa Offshore Potential

Πεμ, 18 Φεβρουαρίου 2010 - 19:26

U.S. oil producer Anadarko Petroleum Corp. (APC) said Thursday it had made a deepwater natural-gas discovery offshore Mozambique in a move that has the potential to open a new promising exploration frontier area for international producers: East Africa.

Gazprom Says To Strengthen Ties With German Energy Companies

Πεμ, 18 Φεβρουαρίου 2010 - 19:25

Russian gas firm OAO Gazprom (GAZP.RS) plans to further strengthen its cooperation with German companies in upstream and downstream energy projects, the company said Thursday following talks with German Economics Minister Rainer Bruederle.

EU Barroso: International Climate Talks Must Continue

Πεμ, 18 Φεβρουαρίου 2010 - 19:24

The international climate change talks must continue, and trust must be instilled in the process, European Commission President Jose Manuel Barroso said Thursday. "We need the international process to continue, building on what we could agree in the Copenhagen Accord and finding new ways to instill trust back into the process," Barroso said in the letter sent to European Union leaders.

Uganda Govt Asks Tullow To Reduce Proposed Share Of Oil Assets

Πεμ, 18 Φεβρουαρίου 2010 - 19:24

The Ugandan government has asked U.K.-based Tullow Oil PLC (TLW.LN) to reduce the size of its proposed share in three of the country's oil blocks in order to diversify ownership of Uganda's oil resources, the ministry of energy and minerals development said Wednesday.

'Obama's Nuclear Calculation Not Likely to Bear Fruit'

Πεμ, 18 Φεβρουαρίου 2010 - 18:15

US President Barack Obama has announced billions of dollars in loan guarantees for two new nuclear power plants in Georgia. Many see the move as an attempt to gain Republican support for his climate change bill. But German commentators argue that Obama has made a mistake.

De Boer Steps Down From UN Diplomatic Post After Climate Summit

Πεμ, 18 Φεβρουαρίου 2010 - 18:13

Yvo de Boer, the United Nations diplomat who led talks aimed at curbing global warming, is quitting his post after failing to achieve a binding agreement at Copenhagen’s climate summit in December. De Boer, 55, is resigning as executive secretary effective July 1 to join KPMG International, the UN Framework Convention on Climate Change said today in an e-mailed statement.

Nord Stream Gets Approval for Gas Pipe Link to European Network

Πεμ, 18 Φεβρουαρίου 2010 - 18:11

The operator of the Nord Stream gas pipeline project said on Thursday it had received approval from German authorities to connect the trans-Baltic pipeline to the European gas network. The permission was obtained by Opal Net Transport, a subdivision of Wingas, a joint venture between Russian energy giant Gazprom and Germany's Wintershall, the Nord Stream operator said in a statement.

Green Energy Hits the Track

Πεμ, 18 Φεβρουαρίου 2010 - 18:09

Auto racing is hardly one of the greenest sports out there. But Porsche has now come up with a racecar outfitted with a hybrid engine. The technology could ultimately find its way onto the street. The word is one that stands for the loftiest hopes of progress in modern automobile engineering. It should come as no surprise that the technology now graces even racecars.

Energy Company Mergers Are Expected to Rise

Τετ, 17 Φεβρουαρίου 2010 - 19:58

After a two-year slowdown in mergers and acquisitions in the industry, companies are once again looking for ways to use their checkbooks to expand their reserves, buy new technology or snap up promising oil and gas fields.

Bulgaria: Bureaucracy Hampers Solar Business

Τετ, 17 Φεβρουαρίου 2010 - 19:50

The solar business in Bulgaria is practically halted by bureaucracy and statutory loopholes. Bulgaria has good potential for solar radiation, which ranges from 1,100 to 1,500 kWh a year in the different regions. Foreign companies and banks, though, are unwilling to take the risk of investing without knowing how the main obstacles to this business will be cleared.

Abkhazia Signs Russian Military Base Deal Wed

Τετ, 17 Φεβρουαρίου 2010 - 19:49

The presidents of Abkhazia and Russia signed a deal Wednesday allowing a Russian military base in the breakaway Georgian region for 50 years, despite fierce criticism from Georgia and Western nations, RIA Novosti news service reports Wednesday.

Russian Watchdog Recommends To Withdraw TNK-BP's Kovykta License

Τετ, 17 Φεβρουαρίου 2010 - 19:49

Russia's environmental watchdog Rosprirodnadzor said Wednesday it has recommended to withdraw the license for TNK-BP Ltd.'s giant Kovykta gas condensate field, increasing pressure on BP PLC's (BP) Russian joint venture.

Oil Rises Towards $78 on Dollar, Firm Equities

Τετ, 17 Φεβρουαρίου 2010 - 15:27

Oil rose toward $78 a barrel on Wednesday, supported by the dollar and by stock market gains, as investor risk appetite resumed after concerns about a euro zone debt crisis subsided. U.S. crude for March delivery rose 57 cents to $77.58 a barrel at 1253 GMT (7:53 a.m. EST) , after closing 3.9 percent higher on Tuesday, the highest percentage gain since a 5.8 percent rise on September 30.