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Energy Business News
RWE inks MoU for exploration in AzerbaijanGerman energy giant RWE said on 10 March that it signed a memorandum of understanding for oil and gas exploration in Azerbaijan. RWE, which is one of the six members of the consortium overseeing development Beijing sees ESPO completed end-201 Construction of the Eastern-Siberia-Pacific Ocean pipeline to the Sea of Japan will be completed by the end of 2010, the Chinese Foreign Ministry said. ESPO would transit more than 2,000 miles from Eastern Siberia to Elektrik Uretim, Korea Electric Power ink deal Korea Electric Power Corp. signed a cooperation agreement with Turkey’s Elektrik Uretim to build a nuclear energy reactor on the Black Sea coast. Korea Electric Power Corp. will bid along with a Turkish construction group EU on target to meet 2020 renewable goals The European Union is set to achieve its self-imposed target of deriving at least 20% of its energy consumption from renewable sources by 2020, the European Commission said on March 11. The target is part E.ON cautious about outlook after posting profit fall Germany’s biggest power group E.ON AG said on 10 March its full-year profit for 2009 dropped 4.8% as the global recession energy undercut demand from industry. The company said adjusted net income, which it uses EU allocates funds to push energy pipelines The European Union’s executive on 4 March allocated a record-breaking €2.3 billion to fund major international energy connections such as the Nabucco gas pipeline in an attempt to boost its energy security. A year ago, the There are more barriers in Ukraine than in Europe  Ukraine needs to reform its electricity sector, said Yuriy Ryzhenkov, Chief Operating Officer of DTEK, the largest private energy company in Ukraine. The need is twofold: to bring the tariffs to the adequate levels and Nabucco Consortium hails ratification of agreement by Turkish Parliament The Nabucco Consortium hailed the decision by the Turkish parliament to ratify the treaty that will enable construction and operation of the Nabucco gas pipeline in Turkey with a secure legal framework for the gas transit. Iran-Pakistan-India pipeline deal close Iran and Pakistan are slated to sign a final agreement to launch implementation of a project for exporting Iran’s rich gas reserves from the massive South Pars field to the south-Asian country through a multi-billion-dollar Nabucco consortium to finalize agreements The consortium managing the Nabucco gas pipeline is working hard to finalize agreements with potential supplier countries, said Stefan Judisch, the chief executive of Nabucco partner RWE Supply and Trading. Europe aims to build the Nabucco EU court throws out Arcelor Mittal’s emissions challenge  The European Union’s central court on 2 March threw out a challenge by steelmaking titan ArcelorMittal to the EU’s scheme for forcing industries to pay for their greenhouse-gas emissions, saying that the EU’s rules were China will seek to exploit ice-free Arctic China is eyeing up the potential for new shipping routes and the opening of areas for oil and gas exploration as the Arctic polar ice cap melts, a Swedish-based research institute said on March 1. De Boer sees “huge opportunity” in talks Separately, top UN climate chief Yvo de Boer said the conference on climate change scheduled for December in Mexico represents a “huge opportunity” for a stronger global agreement. “While Copenhagen focused very much on very Climate deal “unrealistic” this year, says Hedegaard European Union Climate Commissioner Connie Hedegaard says it is “unrealistic” to expect the upcoming United Nations climate change conference to agree on a global climate treaty, the Danish newspaper Politiken reported. “There is not much erman wind-power firm InfraVest to quit Taiwan German wind-power firm InfraVest GmbH plans to quit Taiwan because as it is dissatisfied with Taipei’s policies regarding renewable energy, a newspaper reported on 25 February. The United Daily New quoted Wang Yi-yun, vice manager Hellenic Petroleum profit up, market affects results Greece’s biggest refiner Hellenic Petroleum on 26 February reported weaker than expected 2009 results, hurt by narrow refining margins. Net profit jumped to €175 million against 12 million the previous year as the value of Iran-Iraq border line may help oil disputes The formal demarcation of the Iranian border with Iraq will help settle disputes over oil fields straddling the border, officials said in Iran. A joint Iraqi-Iranian delegation met in the Iranian border town of Qasr-e Saudi Arabia has found a new natural gas field Saudi Arabia on 23 February announced the discovery of a new natural gas field in the north of the kingdom that officials said can produce more than 12 million cubic feet of gas per day. Shell moves 100,000 barrels from Niger Delta Nigeria moved more than 100,000 barrels of oil and gas liquids from Shell operations damaged by militant activity in the Niger Delta, authorities said. Levi Ajuonuma, a spokesman for the Nigerian National Petroleum Corp., said last British firm starts oil drilling in Falklands A British rig on 22 February started drilling for oil in the territorial waters of the Falklands Islands in the South Atlantic - despite the prospect of an escalating diplomatic row with Argentina, which has |
A few years ago, the European Commission selected the company Hudson/DeWitte & Morel to organize an Assessment Centre for Senior The former leader of the European Tories Conservative party was ejected from after defeating the As Bart Staes, a Member of the European Parliament (MEP) from Belgium and the Group EADS learns the US fix was in for Boeing Greek Lessons for Europe About interest rates and public interest EU’s Arctic Policy skating on thin ice Morocco needs tougher talk, sweeter carrots The Truth About Turkish Cypriot Isolation Reluctant EU tailors tough bail-out deal for near-bankrupt Greece Without homeland, Blair says no hope for Palestinians, peace Spain dismantles a big hacker network Yes to the European Monetary Fund Banks can create and destroy -... Banks can create money. This time-cherished truth opened the way to the last credit crisis, which still threatens the world Down with the bankers, loan sharks... Europeans have rightfully blamed greedy American bankers whose blood lust for money caused the worldwide recession that put scores of EU says ok to Greek deficit... After the European Union once again delayed any decision on whether to bail out Greece as the country struggles to Farage To Belgium: "I'm Sorry"... Speaking to New Europe ahead of his meeting with Parliament President, Jerzy Buzek, the unrepentant EFD Leader spoke about being Spanish Presidency plan for electric... Spanish Prime Minister Jose Luis Rodriguez Zapatero, whose country holds the rotating European Union presidency, has pledged to present a World unites in Haiti aid effort:... With the whole world watching, as Haiti tries to recover from the 7-richter earthquake that has reportedly killed 50,000, a Although the European Parliament dealt a surprise defeat to an EU-US deal that would have allowed American investigators to look US President Barack Obama on 16 February announced $8 billion worth of loan guarantees to In what is gearing up to be the event of the Defense calendar 2010, UK Even if you’re on the right track, you’ll get run over if you just sit The Baltic states of Latvia and Lithuania said on 24 February that they remained to be convinced that the sale Military forces from Russia and Ukraine will resume a naval exercise last held seven years On a visit to New Delhi to visit political and business leaders, Russian Prime Minister Russian oligarch Boris Berezovsky on 10 March won libel damages of GBP 150,000 ($223,000) after Will China redefine great power politics?
China is presenting its ascent not as a power shift, but as a paradigm shift. The worldwide economic recession has had European Union businesses keenly eyeing China for continuing markets, Showing there is still some major differences between the European Union and China in areas |
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