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Iranian Oil Minister Orders Review of Oil Contracts

Iranian Oil Minister Orders Review of Oil Contracts

Δευ, 2 Σεπτεμβρίου 2013 - 17:45

Iran's new oil minister, Bijan Zanganeh, has ordered a review of oil contracts with foreign companies, as the pragmatist official takes his first steps to mitigate the crippling impact of international sanctions.

Circle Oil Half-Year Pretax Profit +10% to $14.7M

Circle Oil Half-Year Pretax Profit +10% to $14.7M

Δευ, 2 Σεπτεμβρίου 2013 - 17:45

Circle Oil PLC (COP.LN), an international oil and gas exploration, development and production company, Monday posted a 10% rise in pretax profit during the half year-end, adding that it has tendered an additional 2D seismic survey for offshore Oman to delineate inshore exploration drilling targets.

OPEC August Production Lowest Since June 2011

OPEC August Production Lowest Since June 2011

Δευ, 2 Σεπτεμβρίου 2013 - 17:44

OPEC's oil production fell to its lowest level since June 2011 in August as protests at many of Libya's key oil exporting ports saw the country's output half.

Climate Science Alarming, Irrefutable -Kerry

Climate Science Alarming, Irrefutable -Kerry

Δευ, 2 Σεπτεμβρίου 2013 - 17:43

U.S. Secretary of State John Kerry said Monday that the evidence for climate change was beyond dispute but it was not too late for international action to prevent its worst impacts.

Saudi Aramco Says Midyan Gas Field on Track

Saudi Aramco Says Midyan Gas Field on Track

Δευ, 2 Σεπτεμβρίου 2013 - 17:43

State-owned oil major Saudi Arabian Oil Co., or Saudi Aramco, said that the construction of its Midyan gas field in the kingdom's northwest is going steadily and on track, as part of its broader strategy to increase gas output to meet growing domestic demand.

Eni Says Output at Zubair Field in Iraq at 320,000 B/D

Eni Says Output at Zubair Field in Iraq at 320,000 B/D

Δευ, 2 Σεπτεμβρίου 2013 - 17:42

Eni SpA (E), Italy's biggest energy company by market value, said Monday daily output at one of Iraq's biggest oil fields on which it is the lead contractor is at 320,000 barrels.

Lukoil 2Q Net Profit Doubles after Tax Hit Last Year

Lukoil 2Q Net Profit Doubles after Tax Hit Last Year

Παρ, 30 Αυγούστου 2013 - 17:44

OAO Lukoil Holdings (LKOH.RS), Russia's second crude oil producer, said Friday that its second-quarter net profit more than doubled compared with the corresponding period last year, when it was hit by a large income tax expense.

GEK TERNA: Increased Sales and Losses at 1H

GEK TERNA: Increased Sales and Losses at 1H

Παρ, 30 Αυγούστου 2013 - 17:28

Based on the financial statements of 30/06/2013, which were prepared in accordance with the International Financial Reporting Standards, the 1st half results of 2013 for the GEK TERNA Group are as follows:

Japan Studies Plan to Contain Radioactive Water

Japan Studies Plan to Contain Radioactive Water

Πεμ, 29 Αυγούστου 2013 - 17:39

Japan is considering a novel approach to stem the spread of radioactive water at the crippled Fukushima Daiichi nuclear plant: installing a subterranean ring of ice.

Saudi Aramco Inks Deals for Cogeneration Power Plants

Saudi Aramco Inks Deals for Cogeneration Power Plants

Πεμ, 29 Αυγούστου 2013 - 17:39

State-oil giant Saudi Arabian Oil Co., known as Saudi Aramco, has signed three new energy conversion agreements with a Japanese-Saudi consortium to build and operate cogeneration power plants in the kingdom, in a bid to become more energy efficient throughout its operations.

Greeces PPC Profit Jumps on Hydro Production

Greece's PPC Profit Jumps on Hydro Production

Πεμ, 29 Αυγούστου 2013 - 17:38

Greek state-controlled utility Public Power Corp. SA (PPC.AT) Thursday posted a sharp jump in first-half profit thanks in part to increased electricity production from its hydropower plants.

OMV Finds Gas, Condensate In Pakistan

OMV Finds Gas, Condensate In Pakistan

Πεμ, 29 Αυγούστου 2013 - 17:38

Austrian oil and gas company OMV AG (OMV.VI) said Thursday gas and condensate has been discovered in the Sofiya-2 exploration well in the Mehar exploration license in Pakistan.