English Edition

Genel Energy: Declaration of Commerciality for Miran Approved

Τρι, 3 Σεπτεμβρίου 2013 - 18:36

Genel Energy PLC (GENL.LN), said Tuesday that a Declaration of Commerciality or DoC for the Miran field has been approved by the Ministry of Natural Resources of the Kurdistan Regional Government.

Romania's Nuclearelectrica Sets Price Range for IPO

Τρι, 3 Σεπτεμβρίου 2013 - 18:36

Romania's Economy Ministry could raise as much as 369.3 million lei ($110.4 million) in an initial public offering of 10% in state-run nuclear power producer Nuclearelectrica, news agency Mediafax reports Tuesday.

Iraq Extends $25M Aid to Jordan to Meet Energy Needs

Τρι, 3 Σεπτεμβρίου 2013 - 18:35

The Iraqi cabinet has agreed to extend Jordan $25 million in aid to meet its energy needs, the Jordanian official news agency Petra reported Tuesday.

Gazprom's Profit Ticks Up As European Economies Improve

Τρι, 3 Σεπτεμβρίου 2013 - 18:35

Russian state natural-gas firm OAO Gazprom (GAZP.RS), battered last year by increased competition and lower demand in the lucrative European market, said it sees an uptick in demand for its gas as Europe's economies recover.

Norway Power Grid Operator Needs More Capital to Build Grid

Τρι, 3 Σεπτεμβρίου 2013 - 18:34

Norwegian state-owned power grid operator Statnett Tuesday has asked the government for a 3.25 billion Norwegian kroner ($0.53 billion) equity injection in 2014 as it makes significant power grid investments, and also applied to pay no dividend next year.

Gazprom Board to Consider Increase in 2013 Investment Program

Τρι, 3 Σεπτεμβρίου 2013 - 18:33

Russian state-controlled gas firm OAO Gazprom (GAZP.RS) is considering increasing its investment program for 2013, the head of the company's investment and construction department, Yaroslav Golko, said Tuesday.

Turkey's Zorlu Enerji Brings Online 60 MW Geothermal Power Plant

Τρι, 3 Σεπτεμβρίου 2013 - 13:56

Turkish power producer Zorlu Enerji [BIST:ZOREN] said Monday its wholly-owned unit Zorlu Dogal Elektrik Uretimi has put into operation a 60 megawatt (MW) geothermal plant under the first phase of its 80 MW Kizildere II project in southwestern Turkey.

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

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

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

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

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

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.