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Iraq Northern Oil Exports Halted Since Sunday Due to Sabotage

Iraq Northern Oil Exports Halted Since Sunday Due to Sabotage

Πεμ, 9 Μαΐου 2013 - 17:53

Iraq's oil exports from northern Kirkuk oil fields to the Mediterranean port of Ceyhan in Turkey have been on hold since late Sunday due to an "act of sabotage" against the line inside Iraq, a person familiar with the matter and a Middle East shipping agent said Thursday.

Eni Completes Sale of 11.7% of Snam

Eni Completes Sale of 11.7% of Snam

Πεμ, 9 Μαΐου 2013 - 17:52

Italy's energy company Eni SpA (ENI.MI) said Thursday it completed the sale of an 11.7% stake in Snam SpA (SRG.MI) as part of its divestment from the Italian natural gas grid.

Tougher EU Tariffs May Dent Chinas Solar Companies Sales

Tougher EU Tariffs May Dent China's Solar Companies' Sales

Πεμ, 9 Μαΐου 2013 - 17:52

China's solar companies, already reeling from a collapse in product prices, will face an even tougher road ahead if the European Union follows through with its plan to impose steep tariffs on Chinese-made solar-panel imports.

Qatar to Supply Egypt Up to 24 LNG Cargos in Swap Deal

Qatar to Supply Egypt Up to 24 LNG Cargos in Swap Deal

Πεμ, 9 Μαΐου 2013 - 17:52

OPEC member and gas-rich Qatar will supply Egypt with up to 24 cargos of liquefied natural gas starting May 28 as the North African country struggles to meet its domestic energy needs, the first under-secretary for agreements and exploration at the Egyptian Oil Ministry said in remarks published on Wednesday.

Enel Net Profit Drops 26% on Economic Slump in Italy, Spain

Enel Net Profit Drops 26% on Economic Slump in Italy, Spain

Τετ, 8 Μαΐου 2013 - 17:47

Italian utility Enel SpA (ENEL.MI) Tuesday said first-quarter net profit fell 26% on the year as recessions in its key Italian and Spanish markets took their toll, although the drop was smaller than expected thanks to strong renewable energy earnings.

China Coal Data Show January-April Imports Rise 25.6% on Year

China Coal Data Show January-April Imports Rise 25.6% on Year

Τετ, 8 Μαΐου 2013 - 17:47

China's coal imports rose to 110 million metric tons in the January to April period, up 25.6% when compared with the same period a year earlier, according to preliminary data issued Wednesday by the General Administration of Customs.

Tullow Oil Reiterates Targets 86,000-92,000 BOE/D for Year

Tullow Oil Reiterates Targets 86,000-92,000 BOE/D for Year

Τετ, 8 Μαΐου 2013 - 17:47

Tullow Oil PLC (TLW.LN), an independent oil & gas, exploration and production group, said Wednesday continued strong production from the Jubilee field continues to underpin its financial performance which funds high-impact exploration program and supports unchanged production guidance of 86,000-92,000 barrels of oil per day, or boepd, for the full year.

Vestas Net Loss Narrows, Keeps Outlook As Turnaround Continues

Vestas Net Loss Narrows, Keeps Outlook As Turnaround Continues

Τετ, 8 Μαΐου 2013 - 17:46

Danish wind turbine manufacturer Vestas Wind Systems A/S (VWS.KO) said Wednesday its first quarter net loss narrowed slightly as its turnaround efforts continue according to plan, and maintained its full-year guidance.

Verbund 1Q Net Profit Down 40%, Announces 2013 Dividend Increase

Verbund 1Q Net Profit Down 40%, Announces 2013 Dividend Increase

Πεμ, 2 Μαΐου 2013 - 17:09

Austrian utility company Verbund AG (VER.VI) plans on increasing its dividend in 2013 despite reporting in the first quarter a 40% drop on the year in its group result, the company said Thursday upon release of its first quarter earnings.

UN Sounds Alarm Over Record Arctic Ice Melt

UN Sounds Alarm Over Record Arctic Ice Melt

Πεμ, 2 Μαΐου 2013 - 17:09

The Arctic's sea ice melted at a record pace in 2012, the ninth-hottest year on record, compounding concerns about climate change underscored by extreme weather such as Hurricane Sandy, the U.N. weather agency said Thursday.

UAE, Japan to Ink Nuclear Cooperation Pact

UAE, Japan to Ink Nuclear Cooperation Pact

Πεμ, 2 Μαΐου 2013 - 17:08

The government of the United Arab Emirates will sign an agreement Thursday with Japan on the development and use of civilian nuclear power, a Japanese official said.

Iraq April Oil Exports Up 8.4% At 2.622 Million B/D

Iraq April Oil Exports Up 8.4% At 2.622 Million B/D

Πεμ, 2 Μαΐου 2013 - 17:08

Iraq's crude oil exports in April were up 8.4% to 2.622 million barrels a day from 2.417 million barrels a day in March, according to people familiar with the State Oil Marketing Organization, or SOMO.