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Shell CEO Awarded EUR3.3M Bonus Taking 2012 Pay to EUR5.1M

Shell CEO Awarded EUR3.3M Bonus Taking 2012 Pay to EUR5.1M

Πεμ, 14 Μαρτίου 2013 - 17:19

Royal Dutch Shell PLC (RDSB.LN) awarded its chief executive Peter Voser a cash bonus of EUR3.3 million ($4.3 million) on top of an annual salary of EUR1.6 million and other benefits, taking his total remuneration in 2012 to EUR5.1 million, the company's annual report showed Thursday.

Eni, CNPC Ink Deal in Mozambique

Eni, CNPC Ink Deal in Mozambique

Πεμ, 14 Μαρτίου 2013 - 17:19

Italy's Eni SpA (ENI.MI) agreed Thursday to sell a 20% stake in its giant natural gas field offshore Mozambique for $4.21 billion to China National Petroleum Corp. (CNPC.YY), the latest in a string of Chinese deals aimed at boosting the country's overseas energy production.

IEA Sees Weaker Oil Demand Growth, More Supply

IEA Sees Weaker Oil Demand Growth, More Supply

Τετ, 13 Μαρτίου 2013 - 17:17

The International Energy Agency Wednesday continued to inch lower on its forecasts for global oil demand while increasing its expectations of supply growth for this year.

Russia, Japan Discuss LNG Plans; Pricing A Key Issue

Russia, Japan Discuss LNG Plans; Pricing A Key Issue

Τετ, 13 Μαρτίου 2013 - 17:16

Russia, keen to build up sales of natural gas to offset losses in Europe, has suggested that Japan buys more, and possibly take new equity stakes in liquefied natural gas projects, helping it meet an energy deficit caused by its Fukushima disaster and nuclear shutdown.

E.ON Plans Continued Investment in Growth Area Renewables

E.ON Plans Continued Investment in Growth Area Renewables

Τετ, 13 Μαρτίου 2013 - 17:16

German utility E.ON AG (EOAN.XE) intends to continue investing heavily in renewable energies as it considers the business one of its key growth areas, Chief Financial Officer Marcus Schenck said Wednesday.

South Sudan Official Expects Oil to Reach Global Market by May

South Sudan Official Expects Oil to Reach Global Market by May

Τετ, 13 Μαρτίου 2013 - 17:16

A top official in South Sudan's national oil company said Wednesday that oil exports were expected to reach the international market by May after South Sudan and Sudan signed an agreement signaling their commitment to resuming crude-oil shipments from the South through Sudanese pipelines.

Greeces Aluminum SA Secures Commercial License for Power Plant

Greece's Aluminum SA Secures Commercial License for Power Plant

Τετ, 13 Μαρτίου 2013 - 11:55

Southeastern Europe's largest aluminum producer Aluminum SA has secured a long-awaited commercial license for its cogeneration power plant, allowing it to sell electricity on the Greek market, the chairman of the conglomerate that owns the company said Tuesday.

UAE Appoints New Oil Minister in Cabinet Reshuffle

UAE Appoints New Oil Minister in Cabinet Reshuffle

Τρι, 12 Μαρτίου 2013 - 17:33

The United Arab Emirates Tuesday replaced its energy minister Mohammad Al-Hamli in a cabinet reshuffle, a move it said was aimed at accelerating the pace of economic development in the Gulf state.

Bulgargaz Seeks 3.2% Cut in Gas Prices in Q2

Bulgargaz Seeks 3.2% Cut in Gas Prices in Q2

Τρι, 12 Μαρτίου 2013 - 13:25

Bulgaria's gas monopoly Bulgargaz is seeking a 3.2% cut in the price of natural gas that local consumers will pay in the second quarter of the year, it said.

A Nuclear Accident in France Could Cost as Much as EUR5.8 Trillion -Report

A Nuclear Accident in France Could Cost as Much as EUR5.8 Trillion -Report

Δευ, 11 Μαρτίου 2013 - 16:30

The economic cost of a major nuclear accident at one of France's nuclear power stations at Dampierre, in central France, could reach EUR5.8 trillion ($7.543 trillion) in a worst-case scenario like the Chernobyl disaster, reports Le Journal du Dimanche, citing a 2007 report by the French nuclear-safety institute.