English Edition

Sinopec in Preliminary Talks to Explore Oil, Gas off Iceland

Τρι, 18 Ιουνίου 2013 - 18:05

China Petrochemical Corp., known as Sinopec Group, is in preliminary talks to explore for oil and gas off the northwest coast of Iceland, the state-run China Daily reported Tuesday, citing an unnamed source from Sinopec.

China, EU to Hold Talks on Solar Panels, Other Trade Issues

Τρι, 18 Ιουνίου 2013 - 18:05

China's Commerce Ministry said Tuesday that it will review a broad range of business issues with the European Union this week, including a potentially disruptive dispute over solar panels.

Total Buys New Oil Interest in Iraq's Kurdistan

Τρι, 18 Ιουνίου 2013 - 18:04

Total SA (TOT) has bought the majority stake in an oil exploration block in Kurdistan, in a move that will further consolidate its position in the semiautonomous region of northern Iraq and once again challenge the Iraqi federal authorities.

Egypt Shakes Up Management of State-owned Energy Companies to Tackle Fuel Shortage

Τρι, 18 Ιουνίου 2013 - 18:04

Egypt's Oil Minister Sherif Haddara on Monday reshuffled several officials at the top of state-owned companies in the energy sector in a bid to tackle the deepening fuel crisis that is gripping the country.

CNPC, Total, Tethys Finalize Tajikistan Oil, Gas Deal

Τρι, 18 Ιουνίου 2013 - 18:03

Chinese oil giant China National Petroleum Corp. and France's Total SA (TOT) Tuesday finalized an agreement with Tethys Petroleum Ltd. (TPL) to develop oil and gas assets in Tajikistan, with China cited as a key market for future exports.

Iraq Must Be Aggressive in Marketing Oil - Official

Τρι, 18 Ιουνίου 2013 - 18:03

Iraq must market its oil aggressively, Adnan Janabi, chairman of the oil and gas committee in Iraq's parliament, said Tuesday, highlighting the challenge increasing supply and lackluster demand present to Iraq in coming years.

Azeri Socar Sets Eye on Greek Gas Company DESFA

Τρι, 18 Ιουνίου 2013 - 12:56

The Azeri state energy company Socar said it has started talks with the Greek government on purchasing the country’s natural gas grid operator DESFA, the asset of the national gas firm DEPA, after being the only bidder in a failed tender for the asset sale.

South Korea to Limit Power Use; to Fine Violators

Δευ, 17 Ιουνίου 2013 - 17:46

South Korea will cut power usage in the public and private sectors from Tuesday until the end of August as the country faces its worst-ever electricity shortage this summer, the Ministry of Trade, Industry and Energy said on Monday.

Cnooc, Shell Awarded New Offshore Oil, Gas Permits in Australia

Δευ, 17 Ιουνίου 2013 - 17:45

China National Offshore Oil Corp., known as Cnooc, and Royal Dutch Shell PLC (RDSB) are among companies which have committed to spend at least 180 million Australian dollars (US$173 million) over the next three years searching for new oil and gas deposits in Australia.

Siemens to Shut Down Solar Business Unit

Δευ, 17 Ιουνίου 2013 - 17:45

Industrial conglomerate Siemens AG (SI) Monday said it will close its solar business segment after negotiations with potential buyers failed to result in a deal.

Italy Regulator Suspends Short Selling on Saipem

Δευ, 17 Ιουνίου 2013 - 17:45

Italy's securities regulator has imposed a two-day ban on short selling of Saipem SpA (SPM.MI) shares after Europe's biggest oil services company issued a profit warning for the second time this year.

CEZ Nuclear Tender Decision May Face Delay as Czech Govt Resigns

Δευ, 17 Ιουνίου 2013 - 17:44

The imminent resignation of the Czech prime minister and cabinet, due later Monday, creates instability that may force 70% state-owned power company CEZ AS (BAACEZ.PR) to delay the final decision in its ongoing nuclear expansion tender, a spokesman for the company said Monday.

Iran's Rowhani Wants To Improve Saudi Ties

Δευ, 17 Ιουνίου 2013 - 17:44

Iran's newly-elected president Hassan Rowhani declared Monday that his incoming government will seek to improve ties with regional rival Saudi Arabia, which have been strained over differences about Syria's civil war.