Energy

California to adopt EU-style cap-and-trade

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California is breaking new ground in the fight against global warming. Always a leading state with its progressive thinking and action, the state is yet taking another market leading leap becoming the first jurisdiction...

Commission to extend liability of offshore operators

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The European Commission is to extend the liability scope for offshore oil and gas rigs from 22km to 370km under new proposals adopted today (27 October). Under new proposals aimed at preventing environmental disasters along...

Oettinger welcomes Turkey and Azerbaijan gas deal

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Energy Commissioner Günther Oettinger has welcomed the signing of and agreement between Turkey and Azerbaijan for the transit and sale of gas. Oettinger emphasised the importance of the deal for the EU, as the gas...

Commission to protect Mediterranean from oil and gas exploration

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The European Commission has taken a step towards better protection for the Mediterranean Sea, proposing for the EU to accede to a Protocol of the Barcelona Convention that protects the Mediterranean against pollution from...

EIB funds offshore transmission link

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The European Investment Bank (EIB) has approved a licence granted to Blue Transmission Walney 1 Limited and funded approximately half the cost of buying a transmission link to connect offshore wind farms in the...

EIB to finance green energy in Poland

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The European Investment Bank (EIB) has provided two loans with the total value of some €128 million to Tauron Polska Energia company for overhauling of the electricity generation in South of Poland. The €76m...

Trans-Caspian: A stumbling project

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  Recent developments over the implementation of the Trans-Caspian gas pipeline have once more revealed contradictions among the five littoral states. On the one side there are Iran, Russia and Kazakhstan, who believe that the decision...

Brent oil prices ‘dancing to Libyan tune’

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 There has been no justification for the oil prices of the past five years, which have been moving up and down based on speculation more than fundamentals that were exaggerated by both sides, so...

Azerbaijan to decide on pipeline project soon

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  Azerbaijan’s state oil company SOCAR President Rovnaq Abdullayev said  that the route for the transportation of natural gas from Azerbaijan to Europe should be selected by late October or November. Groups managing Nabucco, the...

Ashgabat says co-operation with EU to continue

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  Co-operation with Europe on energy matters will continue despite Russian reservations, Turkmenistan’s Foreign Affairs Ministry said in a statement.  "Co-operation with our European partners is developing in a businesslike and constructive way and it will...

Russo-China talks on Altai gas project collapse

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  Negotiations aimed at sending Russian gas to China through a $40-billion project including a pipeline to be built through Russia's Central Asian Altai region or the so-called western route failed on 14 October because...

Gazprom, EdF, GDF Suez discuss French power plans

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  Russian gas monopoly Gazprom's Deputy Chief Executive Alexander Medvedev said his company has discussed with Electricite de France (EdF) and GDF Suez the possibility of exploring energy projects. "This topic has been discussed with our...

India, France highlight nuclear safety plans to Italy

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  On 20 October, Visiting French Foreign Minister Alain Juppe and his Indian counterpart, SM Krishna agreed to strengthen their co-operation in the nuclear energy sector and said the safety of power plants was the...

TNK-BP’s Barsky to leave company

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  Anglo-Russian venture TNK-BP's Deputy CEO Maxim Barsky is leaving after less than two years in the role after losing shareholder support, news agencies quoted sources as saying on 21 October. TNK-BP appointed Barsky in...

Wintershall starts gas work in North Sea

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On 17 October, German energy company Wintershall said it started natural gas production off the British coast in the North Sea. The Wingate platform in the British offshore concession 44/24b will initially produce 1.5...

Russia expects Shtokman tax breaks soon

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  Russia's Deputy Energy Minister Anatoly Yanovsky expects the government to announce tax breaks that would facilitate development of the giant Shtokman gas field by Russian gas monopoly Gazprom, France's Total and Norway's Statoil in...

Turkey asks Iran for more gas

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  Turkey has asked Iran to increase its natural gas exports to its northwestern neighbour, Iranian Deputy Oil Minister Javad Oji said, according to reports. Iran’s current gas exports to Turkey stand at 24 million...

Germany sees energy opportunities in Japan

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  German firms are angling for a slice of Japan's 182 billion euro post-tsunami reconstruction budget, Deutsche Presse-Agentur (dpa) quoted Marcus Schürmann, of the Association of German Chambers of Industry and Commerce (DIHK) as saying...

EU makes energy infrastructure proposals

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  On 20 October, the need to identify energy projects of "common European interest" and to accelerate procedures for authorising them, was highlighted in an Energy Committee debate with Commissioner Günther Oettinger, the day after...

US fights EU’s Aviation Directive

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The US House of Representatives passed a bill on 24 October that could worsen air pollution by forcing US carriers to not participate in the EU programme reducing carbon emissions if it is...

EIB to finance green energy and marine transport

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The European Investment Bank has provided €150 million for development of more environmentally friendly ship engines and power plants in Finland. Finnish power solution giant Wärtsilä, which is the carrier of the project, conducts their...

BP settles with US petrol firm over Gulf of Mexico spill

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BP said on 17 October that US petroleum firm Anadarko has agreed to pay $4 billion in a settlement with one of its partners at the site of the Gulf of Mexico oil spill...

Irish company awarded Saudi contract

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An Irish company has been awarded a 25-year contract to supply energy for the tallest building in Jeddah, Saudi Arabia, Breaking News reported. CES Energy beat other hopefuls to win the coveted $ 150...

Energy infrastructure package for 2020

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The European Commission revealed its proposal for a Regulation, ‘Guidelines for trans-European energy infrastructure’, on 19 October. The proposal endeavours to complete energy networks and storage facilities by 2020 and identified 12 priority areas...

Commission proposes new stimulus plan

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On 19 October, the European Commission presented a plan for the improvement of Europe's infrastructure and transport with €50 billion worth of investments. The 'Connecting Europe Facility', as the new fund will be called,...

Gas crisis looms?

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Europe is working with Ukraine to help the former Soviet republic modernise its pipeline system that transports Russian gas to Europe, a senior banker said. The project involves Ukraine’s Gas Transport System (GTS) as...

Will Shale gas carbon footprint influence Roadmap 2050?

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  The EU’s ‘Roadmap for moving to a competitive low-carbon economy in 2050’ sets a long-term target of reducing greenhouse gas (GHG) emissions by 80% by 2050. It will require a significant improvement in the...

OPEC sees slower oil demand growth

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  On 11 October, the Organization of Petroleum Exporting Countries (OPEC) said that global oil demand will grow at a lower rate next year than previously forecast. Pointing to a dimming outlook for the world's...

Nabucco does not foresee delays

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  Regarding reports on a possible delay of the planned Nabucco gas pipeline project, the group's spokesman, Christian Dolezal, said on 12 October that Nabucco Gas Pipeline International GmbH has always said that the timetable...

EBRD to help modernise Ukraine’s pipeline system but its future remains uncertain

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  YALTA - Europe is working with Ukraine to help the former Soviet republic modernise its pipeline system that transports Russian gas to Europe, a senior banker said. The project involves Ukraine’s Gas Transport System...

Putin and Erdogan discuss energy ties

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Russian Prime Minister Vladimir Putin spoke by phone with his Turkish counterpart Recep Tayyip Erdogan to discuss the potential for resuming supplies of Russian gas and put special focus on the South Stream pipeline,...

Iran turns down Gazprom Neft as partner in Azar field

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  Iran has rejected cooperation with Russia’s Gazprom Neft Company in the development of the Azar oil field, Itar Tass reported. “We have come to the final decision to stop cooperation with that company at...

OMV to restart Libyan oil production

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On 10 October, Austrian oil and gas group OMV said it plans to restart production in Libya on a small scale by the end of 2011. "This will be possible in small fields in...

Putin leaves Beijing with no gas deal

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 Russian Prime Minister Vladimir Putin may have achieved major trade pacts in Beijing but his visit yielded no breakthrough on a long-delayed gas deal with China. Ahead of Putin’s visit to Beijing, it seemed unlikely...

Kyoto Protocol: EU sets terms for sequel

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On 10 October, European Union environment ministers at an environmental council in Luxembourg concluded that the EU would be willing to consider a second commitment period of the Kyoto Climate Change Protocol that expires...

UK oil and gas ‘lifeline’ hindered by tax increase

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 Oil & Gas UK's 2011 Economic Report has confirmed the significance of oil and gas to the UK community, highlighting the increased reliance of the UK on oil due to its increasing influence on...

Tymoshenko verdict may further aggravate Russia-Ukraine gas ties

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  The judge in the trial of former Ukrainian prime minister and opposition leader Yulia Tymoshenko will start reading the verdict from 11 October. A guilty outcome  could further aggravate gas relations between Kiev and...