English Edition

Saudi Arabia to Relax Production at Older Fields as New Ones Start -FT

Τρι, 14 Μαΐου 2013 - 17:55

Saudi Arabia's national oil company Aramco will "relax" production at some of its oldest and largest oil fields as new ones come onstream, the company's Chief Executive Khalid al-Falih is cited as saying by the Financial Times Tuesday.

Iraq Northern Oil Exports Halted After Pipeline Attack

Τρι, 14 Μαΐου 2013 - 17:54

Exports of crude oil from northern Iraq have been suspended after a new bomb attack against a key pipeline, an Iraqi person familiar with the matter and a Middle East shipping agent said Tuesday, the second such interruption in less than a week.

Statoil Awards Noble Corporation USD655M Contract

Τρι, 14 Μαΐου 2013 - 17:54

Norwegian oil and gas producer Statoil (STO) said Tuesday that in on behalf of Mariner partners JX Nippon Exploration and Production Ltd. and Cairn Energy PLC (CRNCY) has awarded the contract for drilling services on the Mariner project to Noble Corporation (NE).

Egypt's Citadel Signs Deal to Build Fuel Bunkering Terminal

Τρι, 14 Μαΐου 2013 - 17:54

Egyptian private equity firm Citadel Capital (CCAP.CI) said Tuesday its subsidiary Mashreq Petroleum has signed a 25-year concession agreement with the East Port Said Port Authority to build Egypt's first independent tank terminal.

Shell Says Fully Cooperating with EU Investigation

Τρι, 14 Μαΐου 2013 - 17:53

Royal Dutch Shell PLC (RDSB.LN) said Tuesday that Shell companies are assisting the European Commission in an enquiry into trading activities.

Power Sector Warns of Costly Lost Decade of Energy, Climate Inaction

Τρι, 14 Μαΐου 2013 - 13:29

Without early investment signals, Europe faces a ‘lost decade’ of climate and energy policy inaction between 2020-2030, culminating in a mind-bogglingly expensive sprint to decarbonise in the last two decades before 2050, according to a new report by the European association of electricity producers, Eurelectric.

PV was the Number-One New Source of Electricity Generation Installed in Europe for Second Year in a Row

Τρι, 14 Μαΐου 2013 - 12:45

The world added more than 31 GW of new solar photovoltaic (PV) capacity in 2012 – roughly the same amount as in the record-setting year of 2011 – according to a new report from the European Photovoltaic Industry Association (EPIA). This significant market growth came even during a period of economic crisis and industry consolidation.

UpSolar Completes 1.5 MW Solar Electric System in Kozani Greece

Τρι, 14 Μαΐου 2013 - 11:56

Upsolar, an international provider of solar PV modules, announced the completion of a 1.5 MW solar electric system in Kozani, capital of the West Macedonia region in Greece. This marks the first installation in the region completed by Upsolar's Project Development Department.

Egypt Receives $3 Billion Deposit From Qatar

Δευ, 13 Μαΐου 2013 - 18:03

Egypt's cash-strapped government received Thursday a $3 billion deposit from Qatar that will eventually go toward its dwindling foreign-currency reserves, a top central-bank official said Sunday.

Bulgarian Election Preliminary Results Show No Strong Mandate

Δευ, 13 Μαΐου 2013 - 18:03

Preliminary results of parliamentary elections held here Sunday indicated that neither of the two leading parties garnered a strong mandate to govern Bulgaria or build a lasting coalition, an outcome likely to prolong the period of political instability in the European Union's poorest member.

Glencore Xstrata Shelves Balaclava Island Coal Export Terminal

Δευ, 13 Μαΐου 2013 - 18:03

Glencore Xstrata PLC (GLEN.LN) Monday said it would abandon plans for a new coal shipping facility in Queensland state, a move that reflects sustained weakness in Australia's once-booming coal export industry.

Statoil, Total Agree on Asset Swap in Barents Sea

Δευ, 13 Μαΐου 2013 - 18:03

Norwegian oil and gas major Statoil ASA (STO) said Monday it has reached agreement with Total S.A. (TOT) on an asset swap in the Barents Sea.

Iran Presses For Cut in OPEC Production

Δευ, 13 Μαΐου 2013 - 18:02

Iran will press OPEC to agree a cut in production in order to raise global crude prices when it meets this month, a position that sets it in opposition to other delegates from the Persian Gulf region who don't believe such a move is necessary.

Iraq Resumes Crude Oil Exports from Northern Kirkuk - Shipping Agent

Δευ, 13 Μαΐου 2013 - 18:02

Iraq has resumed crude oil exports from northern Kirkuk oil fields to the Mediterranean port of Ceyhan in Turkey after a week-long suspension due to an act of sabotage, a Middle East shipping agent said Monday.

Bulgaria's Gas Monopoly Plans to Seek No Change in Q3 Gas Prices

Δευ, 13 Μαΐου 2013 - 13:20

Bulgaria's gas monopoly Bulgargaz said it plans not to seek a change in the price of natural gas that local consumers will pay in the third quarter of the year.

Bulgaria Reviews the Restrictions Placed on the Production of Renewable Energy

Δευ, 13 Μαΐου 2013 - 13:05

Caretaker Deputy Prime Minister Ekaterina Zaharieva has ordered Asen Vasilev, caretaker Minister of Economy, Energy and Tourism, to demand an inspection whether the restrictions on the production of renewable energy imposed by the Electricity System Operator (ESO) are in line with Bulgarian and EU law.