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Colombia Reaches Daily Oil Output Goal of 1 Million Barrels

Colombia Reaches Daily Oil Output Goal of 1 Million Barrels

Δευ, 31 Δεκεμβρίου 2012 - 14:11

Colombia has reached its longtime goal of producing one million barrels a day of crude oil, President Juan Manuel Santos said Sunday, as the oil sector continues to expand amid record-setting investment from foreign companies.

OPEC to See $1 Trillion Net Oil Revenue for 2012

OPEC to See $1 Trillion Net Oil Revenue for 2012

Δευ, 31 Δεκεμβρίου 2012 - 14:11

The Organization of the Petroleum Exporting Countries will reap more than $1 trillion in net oil revenue for 2012, the Financial Times reports Sunday.

Saudi Says Crude Output Increases Elsewhere May Weigh on 2013 Income

Saudi Says Crude Output Increases Elsewhere May Weigh on 2013 Income

Δευ, 31 Δεκεμβρίου 2012 - 14:10

Crude production increases by several producing nations may put downward pressure on global oil prices next year, which could hurt the fiscal surplus of top oil exporter Saudi Arabia, the kingdom's Finance Minister Ibrahim al-Assaf said Sunday.

Iberdrola Sells French Renewable Energy Assets To GE, Others

Iberdrola Sells French Renewable Energy Assets To GE, Others

Δευ, 31 Δεκεμβρίου 2012 - 14:10

Spanish power utility Iberdrola SA (IBE.MC) said Monday it has agreed to sell its French renewable energy unit for up to 400 million euros ($528.7 million), to a group of investors led by General Electric Co (GE).

PPC to Get 170 Mil. Euros from the Government

PPC to Get 170 Mil. Euros from the Government

Παρ, 28 Δεκεμβρίου 2012 - 12:54

The Greek energy market is about to get a monetary lift, as the government plans to pay back 170 mil. euros of its debt to PPC. The decision was made after the minister of Finance and the Energy minister met and concluded that the payments should begin as soon as possible.

Natural-Gas Stockpile to Show Drop of 74 Bcf in Week

Natural-Gas Stockpile to Show Drop of 74 Bcf in Week

Παρ, 28 Δεκεμβρίου 2012 - 12:41

Analysts and traders expect government data scheduled for release Friday to show a smaller-than-normal drop in natural-gas inventories last week due to unusually warm weather.

Chevron Makes 2 Natural Gas Discoveries Offshore Australia

Chevron Makes 2 Natural Gas Discoveries Offshore Australia

Παρ, 28 Δεκεμβρίου 2012 - 12:41

Chevron Corp. (CVX) has made two separate natural gas discoveries in remote waters offshore Australia, indicating the resource for its Gorgon and Wheatstone gas-export projects could be larger than it originally anticipated.

Lebanon’s First Exploration Round Next May

Lebanon’s First Exploration Round Next May

Παρ, 28 Δεκεμβρίου 2012 - 10:00

Lebanon will launch its first oil and gas exploration licensing round on 2 May, according to a decision reached today by the council of ministers.

Privatization of Gas Firms Set to Fetch Around 1 bln Euros

Privatization of Gas Firms Set to Fetch Around 1 bln Euros

Παρ, 28 Δεκεμβρίου 2012 - 09:46

The privatization project concerning Greece’s Public Gas Corporation (DEPA) and DESFA, the country’s gas network operator, has drawn major interest and is likely to fetch around 1 billion euros, or even more, judging by the nonbinding offers submitted to the state privatizations fund (TAIPED).

Petroceltic Planning to Explore for Oil in Greece

Petroceltic Planning to Explore for Oil in Greece

Πεμ, 27 Δεκεμβρίου 2012 - 14:51

Petroceltic International Plc, an oil and gas company with operations in Egypt and Eastern Europe, plans to explore for oil in Greece. The company has made an application in the country for onshore and offshore blocks with Hellenic Petroleum SA (ELPE) and Edison SpA, Brian O’Cathain, chief executive officer of Petroceltic, said in a telephone interview from Dublin.

Libya Oil Terminal Shut Down by Demonstrators

Libya Oil Terminal Shut Down by Demonstrators

Πεμ, 27 Δεκεμβρίου 2012 - 13:26

Libyan demonstrators have forced a major oil terminal in the east of the country to halt operations for four days in a row, the deputy oil minister said on Wednesday.

Toshiba: In Talks with 3 Parties to Sell Up to 16% of Westinghouse

Toshiba: In Talks with 3 Parties to Sell Up to 16% of Westinghouse

Πεμ, 27 Δεκεμβρίου 2012 - 13:26

Toshiba Corp. (6502.TO) is in talks with three parties about selling up to a 16% stake in Westinghouse Electric Co., in which it owns 67%, but intends to keep a controlling stake in the U.S. manufacturer of nuclear power facilities, Toshiba's president said Thursday.

Asian Bids Closer to Winning Turkey Nuclear Plant Project

Asian Bids Closer to Winning Turkey Nuclear Plant Project

Τετ, 26 Δεκεμβρίου 2012 - 11:38

Asian countries are closer to winning a bid to build Turkey's second nuclear power plant near the Black Sea city of Sinop, the Turkish energy minister said on Tuesday, in a signal that Canada was no longer in the running.