English Edition

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.

Fitch Updates Greek Mortgage Assumptions; No Rating Impact Expected

Πεμ, 25 Ιουλίου 2013 - 18:47

The following is a press release from Fitch Ratings:

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.

Bulgaria Receives No Bids for Oil, Gas Exploration Licence in Black Sea

Πεμ, 25 Ιουλίου 2013 - 14:34

Bulgaria cancelled a tender for awarding a licence for oil and natural gas exploration in the country’s economic zone in the Black Sea, Block 1-22 Teres, after no bidders showed up, the government said.

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

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

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.

Egypt Delays Repairing Natural Gas Pipeline to Jordan - Official

Τετ, 24 Ιουλίου 2013 - 18:37

Egypt is waiting to repair its bomb-damaged natural gas pipeline to Jordan until security in the Sinai Peninsula improves, the chairman of the state-run Egyptian Natural Gas Holding Co., or EGAS, said Wednesday.

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 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.

A New Working Paper by IENE on the Geopolitical Aspects of the Greek Exclusive Economic Zone

Τετ, 24 Ιουλίου 2013 - 17:47

The geopolitical aspects of the Greek Exclusive Economic Zone (EEZ) is the subject of a new Working Paper by IENE, which is, as from today, electronically available to the members of the Institute.

China Oil Data Show End-June Crude-Oil Stocks Down 1.42% on Month

Τρι, 23 Ιουλίου 2013 - 19:01

China's commercial crude-oil stocks fell 1.42% in June from May, the official Xinhua news agency said Tuesday in its fortnightly Oil, Gas and Petrochemicals newsletter.

Brent Regains Premium as US Crude Recedes

Τρι, 23 Ιουλίου 2013 - 19:01

The price of U.S. WTI crude futures, which lifted briefly above North Sea Brent crude Monday, dropped back Tuesday on short-term profit-taking.