English Edition

OPEC's Oil Exports Revenue Breaks New Record But Split Deepens

Δευ, 29 Ιουλίου 2013 - 19:19

Revenue from petroleum exports in the Organization of the Petroleum Exporting Countries broke a new record in 2012 but the earnings of some members are declining amid higher budgetary needs, underscoring a deepening rift between producers benefiting from higher oil prices and those who don't

Athabasca Awaits Regulator's Decision on Oil Sands Sale

Δευ, 29 Ιουλίου 2013 - 19:10

Athabasca Oil Corp. (ATHOF, ATH.T) investors are focused this week on a crucial regulatory decision for the company's Dover oil sands project that would trigger a sale of its interest and generate C$1.3 billion ($1.26 billion)--proceeds needed to fund other operations

Shell Touts Floating LNG as It Seeks Share of Mozambique Gas Riches

Δευ, 29 Ιουλίου 2013 - 19:07

Royal Dutch Shell PLC (RDSA, RDSB) is pitching its floating liquefied natural gas technology direct to the government of Mozambique as a way to gain entry to one of the world's hottest energy plays, after the oil major failed to buy its way into huge gas discoveries off the shore of East Africa

Shale Threatens Saudi Economy, Warns Prince Alwaleed

Δευ, 29 Ιουλίου 2013 - 19:00

Saudi billionaire Prince Alwaleed bin Talal has warned that the kingdom's oil-dependent economy is increasingly vulnerable to rising U.S. energy production, breaking ranks with oil officials in Riyadh who have downplayed its impact. In an open letter dated May 13 addressed to Saudi Oil Minister Ali al-Naimi and several other ministers, which was published Sunday on Prince Alwaleed's Twitter account, he warned that the boom in U.S. shale oil and gas will reduce demand for crude from members of the Organization of the Petroleum Exporting Countries

EnBW First-Half Earnings Fall, Confirms Outlook

Παρ, 26 Ιουλίου 2013 - 17:36

German utility EnBW AG (EBK.XE) said Friday its earnings fell in the first half due to difficult conditions on the electricity and gas markets, as well as extraordinary charges.

Shell Touts Floating LNG As It Seeks Share of Mozambique Gas Riches

Παρ, 26 Ιουλίου 2013 - 17:35

Royal Dutch Shell PLC (RDSB.LN) is pitching its floating liquefied natural gas technology direct to the government of Mozambique as way to gain entry to one of the world's hottest energy plays, after the oil major failed to buy its way into huge gas discoveries offshore East Africa.

Joint Opinion of the Energy Regulators on TAP AG's Exemption Application

Παρ, 26 Ιουλίου 2013 - 12:13

The three National Regulatory Authorities of Italy, Greece and Albania, are publishing today the public version of their joint opinion on the exemption of the Trans Adriatic Pipeline (TAP AG) from third party access rules and other provisions of the Third energy package.

Petroleum Geo-Services Profit Sharply Higher But Cuts Guidance

Πεμ, 25 Ιουλίου 2013 - 18:48

Norwegian oil industry service company Petroleum Geo-Services ASA (PGS.OS) Thursday posted a sharply higher second-quarter net profit as it saw strong interest in its library of seismic data, but it cut its full-year Ebitda guidance expecting lower pre-funding revenues due to higher competition in the North Sea in particular.

Gazprom Neft, Total Form JV to Produce Modified Bitumen

Πεμ, 25 Ιουλίου 2013 - 18:48

Russia's OAO Gazprom Neft (SIBN.RS), the oil arm of state gas firm OAO Gazprom (GAZP.RS), has signed an agreement with France's Total S.A. (TOT) to form a joint venture to produce and sell modified bitumen and bitumen emulsions on the Russian market, Gazprom Neft said in a statement Thursday.

Brazil Oil Unions Hold 24-Hour Job Action at Petrobras Platforms

Πεμ, 25 Ιουλίου 2013 - 18:48

Unions representing Brazilian oil workers held a 24-hour job action Thursday on offshore-drilling platforms owned by state-run oil giant Petroleo Brasileiro SA (PBR, PETR4.BR).

Statoil Profit Falls Sharply Partly on Trading Arm Performance

Πεμ, 25 Ιουλίου 2013 - 18:47

Statoil ASA (STO) posted its lowest quarterly net profit in three years, partly due to lower earnings from its trading arm amid operational problems at key gas fields, the Norwegian oil company said Thursday.

Fitch Updates Greek Mortgage Assumptions; No Rating Impact Expected

Πεμ, 25 Ιουλίου 2013 - 18:47

The following is a press release from Fitch Ratings:

OPEC Oil Shipments to Fall 410,000 B/D in 4 Weeks to Aug 10

Πεμ, 25 Ιουλίου 2013 - 18:47

Seaborne oil shipments from the Organization of the Petroleum Exporting Countries will fall by 410,000 barrels a day in the four weeks to Aug. 10, compared with the previous four-week period, U.K.-based tanker tracker Oil Movements said Thursday.

Bulgaria Receives No Bids for Oil, Gas Exploration Licence in Black Sea

Πεμ, 25 Ιουλίου 2013 - 14:34

Bulgaria cancelled a tender for awarding a licence for oil and natural gas exploration in the country’s economic zone in the Black Sea, Block 1-22 Teres, after no bidders showed up, the government said.

China Weighs Environmental Costs

Τετ, 24 Ιουλίου 2013 - 18:38

China is rethinking how it manages its economy, as mounting evidence reveals the heavy toll that unbridled growth has had on the environment and on health.

OMV 2Q Hydrocarbon Production Falls on Year

Τετ, 24 Ιουλίου 2013 - 18:38

Austrian oil and gas company OMV AG (OMV.VI) saw its hydrocarbon production fall on the year due to flooding in Austria, technical problems in Kazakhstan and security problems and strikes in Libya, the company said Wednesday in its second-quarter trading statement.