Posts Tagged ‘Reuters’

Nevada Power steams forward: Company considers geothermal stake in Northern Nevada

December 31st, 2008

By JOHN G. EDWARDS
LAS VEGAS REVIEW-JOURNAL
The electric utility serving Las Vegas is preparing to consider its first investment in a geothermal power project in Northern Nevada, using a method just approved by state regulators.
Nevada Power Co., which does business as NV Energy, plans to enter a joint ownership agreement with Ormat Nevada, a geothermal [...]

Oil rebounds to under $44 after 4 percent overnight fall

December 10th, 2008

SINGAPORE (Reuters) – Oil rebounded by more than $1 a barrel to under $44 in light bargain hunting on Wednesday, after slumping 4 percent overnight on the back of lowered forecasts for U.S. energy demand and fears of a deepening global recession.
The market is looking ahead to producer cartel OPEC’s December 17 meeting, which is [...]

EU nears green energy deal

December 4th, 2008

By Pete Harrison
BRUSSELS (Reuters) - The European Union is on the verge of a deal to boost renewable energy after resolving a battle over the controversial issue of biofuels on Thursday, but Italy’s demand for a review in 2014 prevented a final agreement.
“We have agreement on everything except the deletion of the review clause,” the [...]

Oil rises more than $1 after fall of over $100

December 3rd, 2008

SINGAPORE (Reuters) – Oil rose toward $48 a barrel on Wednesday, recovering from a tumble of more than $100 off July peaks, but the upside could be limited, with further signs of weakening oil demand expected in upcoming weekly U.S. oil data.
Prices have lost more than 13 percent since last week to stand at three-and-a-half-year [...]

Oil slips to below $54 after near 10 percent two-day gain

November 25th, 2008

SINGAPORE (Reuters) – Oil slipped back to below $54 a barrel on Tuesday, chipping away at a near 10 percent rally after a rebound in equity markets and expectations of another OPEC cut helped the market to its biggest two-day gain in two months.
Oil prices leapt by 9.1 percent on Monday after Washington agreed to [...]

Romania to build nuclear reactors

November 21st, 2008

Bucharest. The BBC informs Romania has signed a deal to build two more reactors at its only nuclear power station, Cernavoda, on the Danube. The 4bn-euro deal gave a 49% stake to six European commercial partners - ArcelorMittal, CEZ, GDF Suez, Enel, Iberdrola and RWE Power. Romania’s state-controlled Nuclearelectrica will take part in the [...]

Pertamina names potential companies for Natuna gas

November 17th, 2008

JAKARTA, Nov 17 - Indonesian state oil firm Pertamina has named eight international oil and gas companies, including Exxon Mobil , Chevron and France’s Total , as its potential partners to develop the giant Natuna D-Alpha gas field, a senior company official said on Monday.
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Karen Agustiawan, Pertamina upstream director, told Reuters by short text [...]

Total sees nuclear energy for growth after peak oil

November 13th, 2008

By Simon Webb
DOHA, Nov 10 (Reuters) - French oil and gas giant Total (TOTF.PA: Quote, Profile, Research, Stock Buzz) is targeting nuclear energy to drive growth long after oil and gas output peak, a top executive said on Monday.
“In the future, energy demand will be constrained by tight supply,” Arnaud Chaperon, Total’s senior vice [...]

Turkey to change nuclear energy tender law-source

November 11th, 2008

ISTANBUL, Nov 11 - Turkey will make changes to a nuclear energy tender law nearly two months after it received just one bid in a tender to build the country’s first nuclear power plant, an Energy Ministry source told Reuters on Tuesday.
A consortium comprised of Russian Atomstroyexport and Inter Rao along with Turkey’s Park [...]

China to extend mining consolidation into 2009

November 11th, 2008

BEIJING, Nov 11 - China will extend a period of consolidation in the mining sector well into 2009, after high profits enabled miners to avoid merging for longer than expected, a vice minister in charge of mining said on Tuesday.
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A nearly two-year effort to resolve overlapping claims and consolidate deposits being mined by several firms [...]