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24.08.2012 12:56Czech Secret Service Investigates State Energy Firms for Corruption
The Czech secret service on Thursday accused state-owned companies of violating procurement laws and selling assets off cheap, saying such cases damaged state interests and could be corrupt. The BIS counter-intelligence agency accused a number24.08.2012 11:39Singapore to Move to Cleaner Fuels by 2014
Singapore will move towards cleaner fuel and reduce sulphur emissions from cars and industries by 2014 in a bid to keep up with global changes, the country's National Environment Agency said. As the number of vehicles in the world grows,22.08.2012 16:24Hungary Plans to Make Energy Distribution Non-Profit Activity
Hungary expects a major debate with the European Union over government plans to transform energy distribution in the household sector into a "non-profit activity", Prime Minister Viktor Orban said on Wednesday. "There will20.08.2012 16:48Nabucco Still in the Running for Azeri Pipeline
The Nabucco project still has a chance of winning the contest to transport Azerbaijan gas to European countries, even after a rival consortium signed a funding deal, an executive of Azerbaijan's state oil firm said on Sunday. The partners17.08.2012 11:31Petroceltic to Buy Melrose Resources for USD 260 Mn
Irish oil and gas company Petroceltic International Plc will buy Melrose Resources Plc for 165 million pounds (USD 259.74 million) to strengthen its operations in North Africa, the Mediterranean and Black Sea. Each Melrose share held will14.08.2012 13:15Japan’s Utilities Lose USD 46 Billion after Nuclear Crisis
Japan’s atomic power industry lost a record USD 46 billion since the Fukushima tsunami and meltdown last year, wiping out seven years of profit. Then came the bad news. The government is preparing to force regional monopolies to spin13.08.2012 16:30Environment: New Rules on Electric Appliances Waste to Boost Resource Efficiency
Improved rules on the collection and treatment of e-waste enter into force today. E-waste (i.e. waste electrical and electronic equipment, or WEEE) is one the fastest growing waste streams, and it offers substantial opportunities in terms of making10.08.2012 14:38California Grid at Risk of Collapsing Due to Heat Wave
California's electricity grid operator issued a rare statewide alert on Thursday warning residents to curb power usage in coming days as a heat wave threatens to strain its already taxed network. The California Independent System Operation,09.08.2012 14:07Shah Deniz Partners Commit to Funding for the Trans Adriatic Pipeline
The Trans Adriatic Pipeline announced today that TAP and its existing shareholders EGL, Statoil and E.ON Ruhrgas have reached an agreement with members of the Shah Deniz Consortium to secure funding for the TAP project. These funds will contribute09.08.2012 14:00Siemens Energy Costs Reduced by Half a Million Euros
An energy efficiency program at the Siemens site in Kemnath in Bavaria has reduced annual energy costs by 20 percent, or more than EUR 500,000. The program will repay its investment costs of EUR 1.9 million in about four and a half years. At the08.08.2012 12:31JPMorgan Chase Dismissed Accusations of Electricity Market Manipulation
JPMorgan Chase & Co. (JPM) said accusations of market manipulation by California’s electric-grid operator are “irrelevant and unproven” as the parties spar over payments for power from 2009 to 2011. The California Independent07.08.2012 11:47Greece to Sell State-Owned Gas Company and Grid Operator
Greece wants binding bids for its state-owned natural gas company and gas grid operator by the end of September and hopes to complete their sale in late autumn as it revives its privatization drive, a government official told press agency Reuters. Hoping
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