English Edition

Iberdrola Sees Earnings Growth On Renewables Expansion

Τετ, 24 Φεβρουαρίου 2010 - 19:09

Spanish electric utility Iberdrola SA (IBE.MC) Wednesday said it sees a solid growth in profits over the next three years as it deepens its bet on renewable energy and networks.

One Third Of Sub-Saharan Africa Lack Electricity - Conference

Τετ, 24 Φεβρουαρίου 2010 - 19:09

More than one third of the people living in sub-Saharan Africa have no access to electricity, the head of a top energy industry group said Wednesday. "Electrification seems to have taken a back seat while governments focus on combating disease and poverty with the meager budgets they have. We have more than a one-third of the regional population living without electricity,"

Putin Slams Power Tycoons For Failure To Invest

Τετ, 24 Φεβρουαρίου 2010 - 19:08

Prime Minister Vladimir Putin Wednesday accused Russian tycoons of underinvesting in the country's aging power system and threatened to impose fines or limit their companies' access to the power market.

BP Official: US EPA CO2 Rules May Delay Refineries, Gas Projects

Τετ, 24 Φεβρουαρίου 2010 - 19:08

Some of BP's U.S. refinery and natural gas projects may be delayed by permitting bottlenecks and legal uncertainties under the Environmental Protection Agency's plans to regulate greenhouse gases, a senior BP official said Wednesday.

Ukraine to Pay $637.6 mln February bill for Russian Gas On Time

Τετ, 24 Φεβρουαρίου 2010 - 15:26

Ukraine will pay for Russian natural gas supplies in February on time, the former Soviet state's acting finance minister said on Wednesday. "We will pay on time... We plan to pay 5.1 billion hryvnias [$637.6 million] for gas [consumed] in February," Ihor Umanskiy said.

Japan Ready to Supply Enriched Uranium to Iran - paper

Τετ, 24 Φεβρουαρίου 2010 - 15:25

Japan has offered to provide Iran with enriched uranium to ease international concerns over the Islamic Republic's controversial nuclear program, the Japanese Nikkei daily reported on Wednesday.

Russia's Electricity Consumption Returns to Pre-crisis Level - Putin

Τετ, 24 Φεβρουαρίου 2010 - 15:24

Electric power consumption in Russia has returned to the level registered before the global economic and financial crisis hit the country in 2008, Prime Minister Vladimir Putin said on Wednesday.

Iron Ore Derivative Traders Bet on ‘Tipping Point’

Τετ, 24 Φεβρουαρίου 2010 - 15:23

Sitting at his desk on ICAP Plc’s dealing floor in London, iron ore broker Andy Strickland is plotting how to get business 5,000 miles away in China. He handles so-called swaps for iron ore, allowing buyers and sellers to fix prices

Bundled Oil Services Trend No Guarantee of Success

Τετ, 24 Φεβρουαρίου 2010 - 15:19

All the talk in financial services may now be about becoming leaner and more focused, but those that serve the oil and gas industry are nonetheless pushing ahead with efforts to be the "Citigroup" of drilling.

Worlds Largest Solar Project Set to Gain New Partners

Τρι, 23 Φεβρουαρίου 2010 - 15:21

The Desertec project, which aims to power Europe with solar energy from the deserts of North Africa and the Middle East, is to go truly international next month as five new companies from Spain, Italy, France, Morocco and Tunisia join the scheme.

Bulgaria to Submit Financing Scheme After Ecological Expertise

Τρι, 23 Φεβρουαρίου 2010 - 15:18

Bulgaria will submit a scheme of financing its share in the Burgas-Alexandroupolis project after a positive ecological expertise, Russia’s Minister of Power Engineering Sergei Shmatko told journalists on Saturday.

Group set up with Abu Dhabi

Τρι, 23 Φεβρουαρίου 2010 - 15:17

A working group consisting of officials from Greece and Abu Dhabi will meet in Athens in the coming weeks to look into boosting bilateral commercial ties in fields such as renewable energy sources and tourism, according to a Greek government source.

Total CEO: Refinery Strike Has Caused 'No Problem' With French Fuel Supply

Δευ, 22 Φεβρουαρίου 2010 - 17:57

CEO Christophe de Margerie said Monday he isn't concerned about a strike by workers at the company's Dunkirk refinery leading to a fuel shortage in France. "For the time being there is no problem," he said, speaking to reporters in New York.