1. English Edition

English Edition

Joint Opinion of the Energy Regulators on TAP AGs Exemption Application

Joint Opinion of the Energy Regulators on TAP AG's Exemption Application

Παρ, 26 Ιουλίου 2013 - 12:13

The three National Regulatory Authorities of Italy, Greece and Albania, are publishing today the public version of their joint opinion on the exemption of the Trans Adriatic Pipeline (TAP AG) from third party access rules and other provisions of the Third energy package.

Petroleum Geo-Services Profit Sharply Higher But Cuts Guidance

Petroleum Geo-Services Profit Sharply Higher But Cuts Guidance

Πεμ, 25 Ιουλίου 2013 - 18:48

Norwegian oil industry service company Petroleum Geo-Services ASA (PGS.OS) Thursday posted a sharply higher second-quarter net profit as it saw strong interest in its library of seismic data, but it cut its full-year Ebitda guidance expecting lower pre-funding revenues due to higher competition in the North Sea in particular.

Gazprom Neft, Total Form JV to Produce Modified Bitumen

Gazprom Neft, Total Form JV to Produce Modified Bitumen

Πεμ, 25 Ιουλίου 2013 - 18:48

Russia's OAO Gazprom Neft (SIBN.RS), the oil arm of state gas firm OAO Gazprom (GAZP.RS), has signed an agreement with France's Total S.A. (TOT) to form a joint venture to produce and sell modified bitumen and bitumen emulsions on the Russian market, Gazprom Neft said in a statement Thursday.

Statoil Profit Falls Sharply Partly on Trading Arm Performance

Statoil Profit Falls Sharply Partly on Trading Arm Performance

Πεμ, 25 Ιουλίου 2013 - 18:47

Statoil ASA (STO) posted its lowest quarterly net profit in three years, partly due to lower earnings from its trading arm amid operational problems at key gas fields, the Norwegian oil company said Thursday.

OPEC Oil Shipments to Fall 410,000 B/D in 4 Weeks to Aug 10

OPEC Oil Shipments to Fall 410,000 B/D in 4 Weeks to Aug 10

Πεμ, 25 Ιουλίου 2013 - 18:47

Seaborne oil shipments from the Organization of the Petroleum Exporting Countries will fall by 410,000 barrels a day in the four weeks to Aug. 10, compared with the previous four-week period, U.K.-based tanker tracker Oil Movements said Thursday.

China Weighs Environmental Costs

China Weighs Environmental Costs

Τετ, 24 Ιουλίου 2013 - 18:38

China is rethinking how it manages its economy, as mounting evidence reveals the heavy toll that unbridled growth has had on the environment and on health.

OMV 2Q Hydrocarbon Production Falls on Year

OMV 2Q Hydrocarbon Production Falls on Year

Τετ, 24 Ιουλίου 2013 - 18:38

Austrian oil and gas company OMV AG (OMV.VI) saw its hydrocarbon production fall on the year due to flooding in Austria, technical problems in Kazakhstan and security problems and strikes in Libya, the company said Wednesday in its second-quarter trading statement.

Iberdrola 2Q Net Profit Up 15% On Lower Costs

Iberdrola 2Q Net Profit Up 15% On Lower Costs

Τετ, 24 Ιουλίου 2013 - 18:38

Iberdrola SA (IBE.MC) Wednesday reported a 14.6% rise in second-quarter net profit compared with the same quarter a year ago, bolstered by lower operating and financing costs.

Natural-Gas Demand Slips in Japan, Worlds No. 1 Importer

Natural-Gas Demand Slips in Japan, World's No. 1 Importer

Τετ, 24 Ιουλίου 2013 - 18:37

Japan's demand for imported natural gas, which ballooned after the 2011 Fukushima Daiichi nuclear disaster, is falling-- and may deflate a lot further if the government succeeds in getting dozens of idled nuclear reactors restarted.

Alstom Awarded EUR100M Contract With Norways Statkraft

Alstom Awarded EUR100M Contract With Norway's Statkraft

Τετ, 24 Ιουλίου 2013 - 18:36

Alstom SA (ALO.FR) Wednesday said that it was awarded a contract worth around 100 million euros ($132.14 million) by Norway's Statkraft AS, Europe's largest producer of renewable energy to supply six Francis turbine-generator units and auxiliaries to its subsidiary in Albania, Devoll Hydropower Sh.A (DHP), a project company in charge of the construction of new hydropower plants on the Devoll river, in southern Albania.