English Edition

Norway Oil Output Rebounds in July, Highest since Last May

Τετ, 14 Αυγούστου 2013 - 14:53

Norway's crude oil output rose 6.4% on the year in July, and was the highest since May 2012, as several fields performed well, the Norwegian Petroleum Directorate said Wednesday.

RWE Raises Nuclear Provisions on Changed Atomic Waste Storage Law

Τετ, 14 Αυγούστου 2013 - 14:52

Utility RWE AG (RWE.XE) said Wednesday it increased provisions for its nuclear power business in the second quarter of 2013, reflecting a recent change to legislation in its German home market over the search and selection of a final storage facility for radioactive waste.

Santorini Electricity Problem Gradually Improving, Says Mayor

Τετ, 14 Αυγούστου 2013 - 14:52

The Greek island of Santorini was gradually regaining access to electricity after a 24-hour blackout, its mayor said Wednesday.

BP Sues EPA for Refusal to Lift Prohibition on Potential Govt Contracts

Τρι, 13 Αυγούστου 2013 - 13:29

BP PLC (BP) has sued the U.S. Environmental Protection Agency, saying the agency is abusing its discretion by continuing to bar the company from new government contracts following guilty pleas related to the 2010 Gulf of Mexico oil spill.

Gazprom Buys 90% of Moscow Integrated Power

Τρι, 13 Αυγούστου 2013 - 13:29

Russian state gas firm OAO Gazprom's (GAZP.RS) power-generating arm won an auction to acquire an 89.9% stake in Moscow Integrated Power Co. (MOEK.RS) for 98.6 billion rubles ($2.99 billion), Russian newswires reported Tuesday.

RWE CEO Plans to Expand Cost Cuts by At Least EUR1B

Τρι, 13 Αυγούστου 2013 - 13:29

German utility RWE AG's (RWE.XE) chief executive intends to make further significant cost cuts to help mitigate pressure on earnings from recession-related weak energy demand in Europe and poor power prices, daily newspaper Handelsblatt reports Tuesday.

Gazprom Neft, Halliburton Sign Technological Cooperation Deal

Τρι, 13 Αυγούστου 2013 - 13:28

OAO Gazprom Neft (SIBN.RS), the oil arm of state-controlled gas giant OAO Gazprom (GAZP.RS), has signed a technological cooperation deal with oilfield services company Halliburton Co. (HAL), the Russian firm said in a statement Tuesday.

CEZ Plans to Delay Decision on Temelin Nuclear Plant Expansion

Τρι, 13 Αυγούστου 2013 - 13:28

Czech power company CEZ AS (BAACEZ.PR) said Tuesday it plans to delay a decision on the construction of two new reactors at its main nuclear power plant until next year or 2015 as it evaluates the project feasibility and expected demand for electricity in its home market.

Crude Up Sharply as Libyan Supply Issues Take Center Stage

Τρι, 13 Αυγούστου 2013 - 13:27

Crude-oil futures rose sharply in London trading Tuesday amid uncertainty over Libyan supplies, with benchmark Brent having now regained all the losses of last week.

Turkey's Besa Group Plans to Build 1,320 MWe Coal-Fired Power Plant in Adana

Τρι, 13 Αυγούστου 2013 - 12:26

Turkey's Besa Group plans to build a coal-fired thermal power plant with an installed capacity of 1,320 megawatts electrical (MWe) in the southern Turkish province of Adana, the Ankara Chamber of Commerce (ATO) said.

Serbia's NIS Plans to Invest 400 mln Euro in SEE Retail Push by End-2015

Δευ, 12 Αυγούστου 2013 - 18:49

Serbian oil and gas company NIS [BEL:NIIS], majority-owned by Gazprom Neft, plans to pour some 400 million euro ($535 million) in the development of petrol stations in Romania, Bulgaria and Bosnia and Herzegovina by the end of 2015, NIS regional manager Branko Radujko said.

Brazil's Pre-Salt Output Sustainable With Oil Prices Between $40-$45/Barrel -Exec

Δευ, 12 Αυγούστου 2013 - 18:30

Development of Brazil's ultra-deepwater oil fields in the pre-salt region is "sustainable" with international oil prices between $40 and $45 per barrel, the exploration and production director at state oil company Petroleo Brasileiro (PBR, PETR4.BR) said Monday.

Brazil's Petrobras Expects Oil-Output Growth in Second-Half 2013

Δευ, 12 Αυγούστου 2013 - 18:29

Brazilian state-run oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, expects oil production to improve in the second half of 2013 as new platforms come onstream and fresh wells are connected, the company's exploration and production director said Monday.

Brazil's Petrobras Paid Bribes to Parties

Δευ, 12 Αυγούστου 2013 - 18:29

Brazil's state-run oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, allegedly funneled kickbacks to officials from political parties, the weekly Epoca news magazine reported on Sunday.

Oil Mkt Misreading Fundamentals - Morgan Stanley

Δευ, 12 Αυγούστου 2013 - 18:29

Morgan Stanley sees a disconnect between the Brent crude physical market and futures prices. Supply disruptions and a seasonal trough for refinery maintenance have tightened the physical market, but macroeconomic concerns, elevated speculative length, weak demand and concerns about supply growth are weighing on the paper price.

UK Will Miss Out if it Doesn't Allow Fracking for Shale -Prime Minister

Δευ, 12 Αυγούστου 2013 - 18:28

The U.K. will miss a "massive opportunity" to reduce energy bills and invigorate the economy if it doesn't allow companies to develop shale gas using hydraulic fracturing technology, Prime Minister David Cameron said in comments published Monday.