Business, finances, forex

The UK energy group returns to banks looking for additional short-term loans to help tackle its growing liabilities following the oil spill in the Gulf of Mexico

HOUSTON/WASHINGTON (Reuters) – A relief well that might divert the gushing Gulf of Mexico oil leak is still weeks from completion, a top U.S. official said on Wednesday, as the season’s first Atlantic hurricane disrupted cleanup efforts.

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HOUSTON/WASHINGTON (Reuters) – A relief well that might divert the gushing Gulf of Mexico oil leak is still weeks from completion, a top U.S. official said on Wednesday, as the season’s first Atlantic hurricane disrupted cleanup efforts.

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WASHINGTON (Reuters) – A Senate committee on Wednesday voted to eliminate a cap on liability that oil companies would face for damages from offshore spills, like the one devastating the U.S. Gulf coast.

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NEW YORK (Reuters) – The New York Power Authority on Wednesday said it would apply with federal regulators for a lease to build one of the nation’s first offshore wind power projects in the Atlantic Ocean, off Long Island.

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LONDON (Reuters) – June has been the worst month in over a year for the issuance of UN-backed carbon offsets, data compiled by Reuters showed, as auditor suspensions, bottlenecks and possible rule changes hinder requests from projects.

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Bulgaria’s Economy, Energy and Tourism Minister, Traicho Traikov, has announced the beginning of his tour among the country’s enterprises, which are the biggest consumers of natural gas and electricity.

With this tour the minister will try to have a better understanding of the conditions in the enterprises, the reflection of the prices on their productivity and the possibilities for optimizing their expenses, the Energy Ministry said.

The news about the tour comes days after the State Commission on Water and Energy Regulation (DKEVR) officially announced that the price of natural gas sold in Bulgaria will go up by 24….

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Bulgaria’s Economy, Energy and Tourism Minister, Traicho Traikov, has announced the beginning of his tour among the country’s enterprises, which are the biggest consumers of natural gas and electricity.

With this tour the minister will try to have a better understanding of the conditions in the enterprises, the reflection of the prices on their productivity and the possibilities for optimizing their expenses, the Energy Ministry said.

The news about the tour comes days after the State Commission on Water and Energy Regulation (DKEVR) officially announced that the price of natural gas sold in Bulgaria will go up by 24….

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Bulgaria’s ruling party GERB has announced it is taking actions to change the location of the plenary meetings of the Parliament.

The co-Chair of GERB, Krasimir Velchev, and the Secretary General of the National Assembly, Ivan Slavchov, have said they will form a working group for discussing the moving of the plenary meetings to the building at Sofia’s Alexander I square.

The working group will include architects, engineers and representatives of all the parliamentary groups, and the current building of the National Assembly will become an art gallery, Velchev and Slavchov told the Bulgarian Darik Radio Wednesday.

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Bulgaria’s former PM Sergey Stanishev expressed his belief that the previous cabinet has succeeded in defending the country’s interests with respect to the Russian natural gas supplies.

Stanishev said that his Socialists party has done well when signing the contracts with Russia for gas delivery that guarantee transit by 2030 and noted that it took them more than a year to negotiate the smooth increase of the gas prices, in order to reach the market prices in 2012.

The State Commission on Water and Energy Regulation (DKEVR) officially announced Monday that the price of natural gas sold in Bulgaria will go up by 24….

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