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Italy's API Says Refinery Reopens Six Months Ahead of Schedule

Τρι, 16 Ιουλίου 2013 - 18:59

Anonima Petroli Italiana SpA, a privately held Italian refiner and service-station operator, said Tuesday it has restarted operations at its Italian refinery after renovation works were completed ahead of schedule.

Enel Green Power Connects to Grid 19 MW in Solar Capacity in Romania

Τρι, 16 Ιουλίου 2013 - 14:38

Italy's Enel Green Power said on Monday it has connected to the grid its first two solar parks in Romania with a combined installed capacity of around 19 megawatts (WM).

Egypt's PM Asks Industry Veteran Mohamed Shoeib To Be New Oil Minister

Δευ, 15 Ιουλίου 2013 - 18:25

Egypt's interim prime minister, Hazem el-Beblawi, has asked oil and gas industry veteran Mohamed Shoeib to serve as Minister of Petroleum and Mineral Resources, in a bid to tackle the deepening fuel crisis that is gripping the country, people familiar with the matter said Monday. Mr. Shoeib, the former chief of the Egyptian Natural Gas Holding Co., and the current head of the energy division of private equity firm Citadel Capital, hasn't yet accepted the post, the people said. He is expected to make a decision later Monday, one of the people said

Brazil's Petrobras Sells Stakes in Five Offshore Blocks to BP

Δευ, 15 Ιουλίου 2013 - 18:23

Brazil's state-run oil company Petroleo Brasileiro SA (PBR, PETR4.BR) has sold minority stakes in five oil exploration blocks in the promising Equatorial Margin region in northeastern Brazil to the U.K.'s BP PLC (BP). The blocks are all located in the Potiguar basin, part of Brazil's Equatorial Margin. Oil companies have been attracted to the area, hoping that recent discoveries off the coast of West Africa and French Guiana would translate to Brazil's coast

Italy, Malta Seek Accord on Mediterranean Oil, Gas Exploration

Δευ, 15 Ιουλίου 2013 - 18:21

The prime ministers of Italy and Malta said Monday they aim to reach an accord that will allow the two Mediterranean countries to define offshore areas open for hydrocarbon exploration, possibly allowing for joint work to be carried out. "We are sure that this is the time that we will find an accord...or else nobody will reap the benefits," said Italian Premier Enrico Letta at a press conference in Rome with his Maltese counterpart Joseph Muscat

Shell Closes Nigerian Oil Pipeline Again Due to Leak

Παρ, 12 Ιουλίου 2013 - 18:50

Royal Dutch Shell PLC's (RDSA) Nigerian unit has shut a trunk line of the Trans Niger Pipeline following a leak, barely a week after reopening it, the company said Friday.

Iran Denies Opposition Claim Of Hidden Atomic Site

Παρ, 12 Ιουλίου 2013 - 18:50

Iran Friday denied claims by an exiled opposition group that it has built a new hidden nuclear site deep beneath a mountain near the town of Damavand in Tehran province.

Spain to Slash Costs in Electricity Sector Reform

Παρ, 12 Ιουλίου 2013 - 18:49

Spain's government Friday said it would slash subsidies paid to renewable-energy providers and raise consumer electricity bills to reduce pressure on public coffers stemming from a large financial deficit in the nation's power system.

Petroceltic International Plc Award of New Licence in Greece

Παρ, 12 Ιουλίου 2013 - 13:37

Petroceltic International plc (“Petroceltic” or “the Company”), the upstream oil and gas exploration and production company focussed on North Africa, the Mediterranean and Black Sea regions is pleased to announce that a consortium comprising Petroceltic, Hellenic Petroleum S.A.(Operator) and Edison International SpA has submitted a successful bid for the Patraikos block, offshore western Greece.

Shell to Pay More Than $118 Million for Alleged Pollution - DOJ

Πεμ, 11 Ιουλίου 2013 - 19:06

Oil giant Royal Dutch Shell PLC (RDSA, RDSA.LN) has agreed to pay more than $118 million to resolve allegations that its refinery and chemical plant near Houston emitted harmful amounts of benzene and other air pollutants, the Justice Department said.

Refiners See Rising Demand for U.S. Gasoline Overseas

Πεμ, 11 Ιουλίου 2013 - 19:05

U.S. refiners are cranking out gasoline at record rates. But gasoline sales are increasing to China, Argentina, Ecuador and elsewhere, amid slowing consumption by American motorists.

Chevron Oil, Gas Output Declining

Πεμ, 11 Ιουλίου 2013 - 19:05

Chevron Corp. said that its second-quarter global oil and gas production and refining-business activity is on track to decrease from a year earlier.

Uprisings Here, There, and Everywhere

Τετ, 10 Ιουλίου 2013 - 18:39

The now persistent uprising in Turkey has been followed by an even larger uprising in Brazil, which in turn has been followed by a less noticed, but no less real, uprising in Bulgaria. Of course, these uprisings were not the first but merely the latest in a truly worldwide series of such uprisings in recent years. There are many ways to analyze this phenomenon. I see them as the continuing process of what started as the world-revolution of 1968.

OPEC Says Global Oil Demand to Pick Up Pace Next Year; Warns of Political Risk

Τετ, 10 Ιουλίου 2013 - 18:38

OPEC said Wednesday global oil demand will pick up pace next year and rise by about 1 million barrels a day, but it warned of political risk to supply going forward.

BP, SOCAR, Total to Buy a 50% Stake in TAP

Τετ, 10 Ιουλίου 2013 - 18:38

Oil giant BP (BP), Azerbaijan's state energy company, SOCAR, and French Total S.A. (TOT) will buy a total of 50% in Trans-Adriatic Pipeline, or TAP, officials at SOCAR said Wednesday.

Nuclear Talks Between UK and EDF to Last Until End of 2013

Τετ, 10 Ιουλίου 2013 - 18:37

Talks between the British government and power giant Electricite de France SA (EDF.FR) over the potential building of new nuclear reactors in the U.K. are expected to last until the end of the year, well past the initial deadline of the end of 2012, several people close to the discussions said.