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Egypts Mansour Is Sworn In

Egypt's Mansour Is Sworn In

Πεμ, 4 Ιουλίου 2013 - 14:25

Adly Mansour, Egypt's new interim president, swore the oath of office in front of Egypt's Supreme Constitutional Court on Thursday morning, ending a whirlwind insurrection that brought millions of Egyptians onto the streets and overturned an Islamist president that only days ago had seemed immutable.

Statoil Makes Investment Decision on Oil Pipeline in North Sea

Statoil Makes Investment Decision on Oil Pipeline in North Sea

Πεμ, 4 Ιουλίου 2013 - 14:25

Norwegian oil and gas major Statoil ASA (STO) said Thursday that with its partners it has made the investment decision for a joint oil export solution for the Edvard Grieg and Ivar Aasen fields in the Norwegian North Sea.

Eni Keeps $90/Bbl Brent Crude Forecast; Sees Downward Price Trend

Eni Keeps $90/Bbl Brent Crude Forecast; Sees Downward Price Trend

Πεμ, 4 Ιουλίου 2013 - 14:25

Eni SpA (E), Italy's biggest energy company by revenue, is keeping its forecast for Brent oil prices unchanged at $90 a barrel, adding that it expects the price of crude to be in a downward trend, rather than a rising one.

PGS Releases First Data Sets Ahead of Licensing Round in Greece

PGS Releases First Data Sets Ahead of Licensing Round in Greece

Πεμ, 4 Ιουλίου 2013 - 12:26

PGS has acquired 2D MultiClient data in Western and Southern offshore Greece for the Hellenic Republic Ministry of Environment, Energy and Climate Change (www.ypeka.gr) and the first fast-track datasets are now available. Seismic data including marine gravity and magnetic data can be obtained by contacting the PGS MultiClient team at [email protected].

GDF Suez Aims to Sell Stakes in Wind, Solar Energy

GDF Suez Aims to Sell Stakes in Wind, Solar Energy

Τετ, 3 Ιουλίου 2013 - 17:22

French utility company GDF Suez SA is seeking to raise at least 600 million euros ($784 million) by selling large stakes in some of its European wind- and solar-energy businesses, people with direct knowledge of the matter said Tuesday.

Egypt Fears Driving Crude Rally - Analyst

Egypt Fears Driving Crude Rally - Analyst

Τετ, 3 Ιουλίου 2013 - 17:21

Concerns over the impact of unrest in Egypt on oil supply are driving a rally in crude-oil futures Wednesday, Chen Hoay Lee, investment analyst at Phillip Futures, says.

Supensions and Bad Weather Slows Iraq Oil Exports in June

Supensions and Bad Weather Slows Iraq Oil Exports in June

Τετ, 3 Ιουλίου 2013 - 17:21

Iraq's crude oil exports fell 6.5% on the month in June due to suspension of exports from northern oil fields for more than 10 days and bad weather in the southern export terminals, according to people familiar with Iraq's State Oil Marketing Organization.

E.ON Shares Gain After EU Vote On CO2 Backloading

E.ON Shares Gain After EU Vote On CO2 Backloading

Τετ, 3 Ιουλίου 2013 - 17:20

E.ON (EOAN.XE) shares swing briefly into positive territory in an overall negative market. E.ON's move follows approval by the European Parliament of backloading CO2 emission permits, which should benefit the German company, a trader says.

TAP and DESFA Sign Cooperation Agreement

TAP and DESFA Sign Cooperation Agreement

Τετ, 3 Ιουλίου 2013 - 12:50

The Trans Adriatic Pipeline (TAP) has signed a Cooperation Agreement with Gr eek natural gas transmission system operator, DESFA. Specifically TAP and DESFA plan to enter into an agreement on day-to-day technical operation and maintenance for the Greek section of the TAP pipeline. Other joint activities will include the review of interconnection points with the DESFA pipeline system to further enhance security of supply and technical cooperation.

Brent-WTI Spread May Shrink More - Temporarily

Brent-WTI Spread May Shrink More - Temporarily

Τρι, 2 Ιουλίου 2013 - 18:25

The price gap between benchmark European Brent crude oil and Nymex crude, which has fallen below $5/barrel to reach the smallest levels in 2 years, could for a short while get even narrower as new pipelines send landlocked crude to the Gulf Coast, says Goldman Sachs.

Sinovel Wind to Shut Four International Subsidiaries

Sinovel Wind to Shut Four International Subsidiaries

Τρι, 2 Ιουλίου 2013 - 18:24

Sinovel Wind Group Co. (601558.SH) Tuesday confirmed it is closing four international subsidiaries, the latest in a string of problems that have hit the company, one of China's largest wind turbine manufacturers.

Putin Urges Gas Exporting Countries to Unite on Pricing Contracts

Putin Urges Gas Exporting Countries to Unite on Pricing Contracts

Δευ, 1 Ιουλίου 2013 - 16:07

Russia President Vladimir Putin Monday urged natural gas exporting countries to join forces and defend traditional long-term oil-linked gas contracts in the face of the growing popularity of spot pricing. Speaking at a meeting of the Gas Exporting Countries Forum, which covers the world's 11 leading gas producers, Mr. Putin said "abandoning basis principles in long-term gas contracts may undermine the energy security of gas importers."

China Sunergy 1st-Quarter Loss Widens

China Sunergy 1st-Quarter Loss Widens

Δευ, 1 Ιουλίου 2013 - 16:00

China Sunergy Co.'s first-quarter loss widened as the solar cell and module maker reported a drop in revenue and lowered its shipment guidance for the year. "In light of the current market environment, we have determined that revenue growth, while desirable, is not our highest priority at this time," Chief Executive Stephen Cai said. For the remainder of 2013, Mr. Cai said the company will continue to seek disciplined expansions in emerging markets, including moving more production capacity to its Turkey plant, which will require time to reach full utilization