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$100 a Barrel Is Good Value for Oil -- Shell CEO

Τρι, 15 Οκτωβρίου 2013 - 19:09

Oil prices are likely to rise in the long-term as production costs escalate and a "good value" for oil is at around $100 a barrel, Peter Voser, Chief Executive of Royal Dutch Shell PLC (RDSB.LN), said Tuesday at an industry conference.

Total's 3Q European Refining Margin Down at $10.6/Ton

Τρι, 15 Οκτωβρίου 2013 - 19:08

Total SA (TOT) Tuesday said that its European refining margin in the third quarter this year dropped to $10.6 per ton, from $24.1 per ton in the second quarter and $51 per ton a year earlier.

Angola Has 13B Barrels Oil in Reserves; Almost 4B More Than OPEC Estimates

Τρι, 15 Οκτωβρίου 2013 - 19:08

Angola has 13 billion barrels of proven oil reserves, the country's vice minister for petroleum, Anibal Silva, said Tuesday, almost 4 million barrels more than the estimates made by the Organization of the Petroleum Exporting Countries.

Korea Gas May Sell Part of 20% Stake in Canadian LNG Project

Τρι, 15 Οκτωβρίου 2013 - 19:07

Korea Gas Corp. (036460.SE), the world's largest corporate importer of liquefied natural gas, may sell part of its 20% stake in a Canadian natural-gas project as part of efforts to reorganize its finances, its chief executive said Tuesday.

SAMSUNG Completes 45MW PV in Romania

Τρι, 15 Οκτωβρίου 2013 - 12:38

South Korean multinational Samsung has finished a EUR 100 million solar park in Slobozia, Giurgiu county, southern Romania.

Japan Nuclear Export Parts Not Safety Checked

Δευ, 14 Οκτωβρίου 2013 - 17:20

Japan neglected to carry out safety checks on at least 40% of nuclear reactor parts exported over a decade, a report said Monday, in the latest controversy to strike its troubled nuclear industry.

Syria Station Outage Knocks Out Power To Several Cities -SANA

Δευ, 14 Οκτωβρίου 2013 - 17:19

A malfunction at a Syrian power station has caused electrical outages in several provinces across the country, electricity minister Imad Khamis told state news agency SANA on Monday.

ONGC Unit to Raise Stake by 12% in Brazil Oil Block for $529.03 Million

Δευ, 14 Οκτωβρίου 2013 - 17:19

Oil & Natural Gas Corp.'s (500312.BY) overseas investment arm said Monday it has signed a pact to acquire an additional 12% stake in a Brazilian oil field from Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR), or Petrobras for $529.03 million.

Rising US Gas Prices May Make Exports Less Competitive -Energy Firm Executives

Δευ, 14 Οκτωβρίου 2013 - 17:19

The price of U.S. natural gas is set to rise in the long term on higher production costs and stronger demand, making exports less competitive on the global marketplace, executives of energy companies said Monday.

China's Sinopec Group Stymied in Iraq

Δευ, 14 Οκτωβρίου 2013 - 17:18

One of China's largest oil companies is unable to participate in projects in central and southern Iraq four years after it acquired a project in northern Kurdistan.

Iran Says Hopes Roadmap Agreed In Nuclear Talks With P5+1

Δευ, 14 Οκτωβρίου 2013 - 17:18

Iran's foreign minister said he hoped a "roadmap" for negotiations could be reached in nuclear talks with world powers this week but added that a higher-level meeting would probably be needed.

Bulgarian Court Confirms Greek Tie-Up as Contractor on Waste-to-Biofuel Plant Project

Δευ, 14 Οκτωβρίου 2013 - 12:40

Bulgaria's Supreme Administrative Court confirmed a decision by the Sofia municipal authorities to award a 213.5 million lev ($147.8 million/109.2 million euro) contract for the construction of a waste-to-biofuel plant to Greek tie-up Aktor-Helektor, local media reported on Friday.

Libya Issues Raise Concern Over Stable Oil Output -Barclays -- Market Talk

Παρ, 11 Οκτωβρίου 2013 - 18:37

The brief abduction of Libyan Prime Minister Ali Zeidan complicates further the resumption of the country's oil output and increases the likelihood of future production relapses affecting 2014 oil-market balances, Barclays says in a note.

Eni CEO Says Needs to See Alitalia Reassurances to Supply Fuel

Παρ, 11 Οκτωβρίου 2013 - 18:37

Eni SpA (E) will stop supplying fuel to Alitalia SpA after this weekend unless it is satisfied the unprofitable Italian airline can continue to operate, said the oil company's Chief Executive Paolo Scaroni Friday.

France Constitutional Court Confirms Shale Fracking Ban

Παρ, 11 Οκτωβρίου 2013 - 18:36

France's constitutional court Friday ruled that a law banning hydraulic fracturing to extract shale gas was in line with the country's constitutional law, after a legal challenge by Texan energy company Schuepbach Energy LLC.

Trina Solar Says Energy Conversion Suit is Baseless

Παρ, 11 Οκτωβρίου 2013 - 18:36

Trina Solar Ltd. (TSL) said a lawsuit recently filed by failed solar-panel manufacturer Energy Conversion Devices over an alleged scheme to dump low-cost solar panels in the U.S. is "without merit" and the company will defend itself against the complaint's "baseless" allegations.