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Frances Total Raises Security Spending in Middle East

France's Total Raises Security Spending in Middle East

Τετ, 1 Μαΐου 2013 - 17:14

French oil and gas major Total SA (TOT) has increased its security spending in the Middle East following a deadly attack in January on an Algerian natural-gas plant that rekindled fears of raids on energy facilities across the region, a senior executive said Wednesday.

Syrias Assad Makes Rare Public Visit To Power Plant

Syria's Assad Makes Rare Public Visit To Power Plant

Τετ, 1 Μαΐου 2013 - 17:13

Syria's President Bashar al-Assad made a rare public visit on Wednesday to an electrical plant in central Damascus to mark Labor Day, the presidency's official Facebook page said.

Shell-Iraq Venture To Produce 500 Million CF/D Gas By End 2013

Shell-Iraq Venture To Produce 500 Million CF/D Gas By End 2013

Τετ, 1 Μαΐου 2013 - 17:13

A joint venture between Iraq, Royal Dutch Shell PLC (RDSB.LN) and Japan's Mitsubishi Corp. (8058.TO) will by the end of this year have doubled the amount of natural gas it captures from three giant southern oil fields, reducing waste and helping feed domestic power and heating needs, a senior Iraqi oil official said Wednesday.

Norway Orders BP To Review Safety

Norway Orders BP To Review Safety

Τρι, 30 Απριλίου 2013 - 18:19

Norway's Petroleum Safety Authority ordered BP PLC to review its management systems for the second time in two years after concluding that serious safety breaches caused a North Sea leak that could have turned into a major accident.

Egypt To Adopt New Oil, Gas Licensing Policy

Egypt To Adopt New Oil, Gas Licensing Policy

Τρι, 30 Απριλίου 2013 - 18:18

Egypt will adopt a new licensing policy for its future oil and gas exploration contracts signed with foreign companies that will allow the North African country to obtain a bigger share of the production, its oil minister Osama Kamal said.

BP First Quarter Profit Rises Sharply On TNK-BP Sale

BP First Quarter Profit Rises Sharply On TNK-BP Sale

Τρι, 30 Απριλίου 2013 - 18:18

BP PLC (BP, BP.LN) said Tuesday its first-quarter profit nearly tripled from a year earlier, as proceeds from the $27.5 billion sale of Russian joint venture TNK-BP offset falling oil and gas production.

Gazprom 2012 Net Profit Plunges 10% on Lower Sales

Gazprom 2012 Net Profit Plunges 10% on Lower Sales

Τρι, 30 Απριλίου 2013 - 12:51

Russian energy giant Gazprom's IFRS net profit for 2012 fell 10 percent year-on-year to 1.18 trillion rubles ($38 billion) amid lower gas sales, the company said on Tuesday.

Hellenic Petroleum Selling Debut Bond

Hellenic Petroleum Selling Debut Bond

Τρι, 30 Απριλίου 2013 - 12:17

Hellenic Petroleum SA increased the size of its debut bond while Greek refrigerator equipment supplier Frigoglass SA is also planning its first note sale, as investors seeking riskier assets boost demand for securities from Europe’s most indebted nation.

Syria Rebel Victory Would Threaten Region -Iran

Syria Rebel Victory Would Threaten Region -Iran

Δευ, 29 Απριλίου 2013 - 17:19

President Mahmoud Ahmadinejad on Sunday reiterated Iran's staunch support for Damascus, insisting that a rebel victory in Syria would threaten the entire region, his office's website said.

Chinese Electric-Bus Maker Turns to U.S. for Growth

Chinese Electric-Bus Maker Turns to U.S. for Growth

Δευ, 29 Απριλίου 2013 - 17:18

A Chinese car maker is setting up shop in the U.S., with small ambitions but a clear goal: Get the federal government to subsidize the sales of the company's American-made electric buses.

EU Launches Anti-Subsidy Case Against China Over Solar Energy Policy

EU Launches Anti-Subsidy Case Against China Over Solar Energy Policy

Δευ, 29 Απριλίου 2013 - 17:18

The European Commission has launched an anti-subsidy procedure against China for its solar energy policy, German daily Saechische Zeitung reported Monday, citing the commission's official register. The result could be punitive tariffs, the newspaper said.

Iraq Offers 3-Month Credit for Egypt Oil Deal

Iraq Offers 3-Month Credit for Egypt Oil Deal

Δευ, 29 Απριλίου 2013 - 17:18

OPEC member Iraq has agreed in principle to offer cash-strapped Egypt 4 million barrels of crude a month on a three-month credit term, in a move that could ease the fuel shortage that has recently hit the Egyptian economy, officials from the two countries said Monday.

French Nuclear Watchdog Lets EDF Keep Reactor Operational During Upgrade

French Nuclear Watchdog Lets EDF Keep Reactor Operational During Upgrade

Δευ, 29 Απριλίου 2013 - 17:17

French power utility Electricite de France SA (EDF.FR) can keep operating the second nuclear reactor at Fessenheim power plant while it carries out additional security and safety works to the reactor, said the country's nuclear watchdog Monday.