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Statoil CFO: Norway Needs New Giant Oil Find Every Other Year

Τετ, 3 Απριλίου 2013 - 17:49

Norway needs to make a new giant oil and gas discovery every other year for the next decade to offset falling production, Statoil ASA's (STO) Chief Financial Officer Torgrim Reitan told Dow Jones Newswires Wednesday.

Gazprom Head Says CNPC Gas Talks No Longer Held Up by Price

Τετ, 3 Απριλίου 2013 - 17:49

The head of Russia's state-run gas company OAO Gazprom (GAZP.RS) said Wednesday negotiations with the China National Petroleum Corp. over a 30-year natural gas supply deal were no longer being held up by disagreements on price and that a deal could be reached this year.

Bulgaria Probes Troubled Energy Sector

Τετ, 3 Απριλίου 2013 - 17:49

Bulgarian prosecutors said Wednesday they had opened five probes into suspected irregularities in the country's energy sector, following recent tensions over high prices and power monopolies.

Japan METI Minister: To Study Size of Methane Hydrate Reserves in Japan Sea

Τρι, 2 Απριλίου 2013 - 17:31

Japan plans to study how much methane hydrate it has within its territorial waters in the Japan Sea over the next three years, the trade and industry minister said Tuesday.

IMF Official Says Size of Egypt's $4.8 Bln Loan May Change

Τρι, 2 Απριλίου 2013 - 17:30

The size of a long-awaited International Monetary Fund loan to Egypt may change depending on the assessment of the country's modified economic plan by a technical team due in Cairo on Wednesday, a senior IMF official said Tuesday.

Exxon Plans World's Biggest Floating Gas-Export Plant

Τρι, 2 Απριλίου 2013 - 17:30

ExxonMobil Corp. (XOM) laid out plans for a development using the world's biggest floating natural gas processing plant, in a technically challenging move that underscores its bullish view on Asian demand for the fuel.

Iraq March Oil Exports Fall 5% on Month to 2.417M B/D

Τρι, 2 Απριλίου 2013 - 17:30

Iraq's crude oil exports in March were down by 5% to 2.417 million barrels a day on month, compared with 2.536 million barrels a day in February, according to people familiar with the State Oil Marketing Organization, or SOMO.

Germany Remains a Net Power Exporter in 2012 Despite Nuclear Exit

Τρι, 2 Απριλίου 2013 - 17:29

Germany exported more electricity than it imported for the seventh consecutive year in 2012, despite an accelerated exit from nuclear power generation that included the immediate and permanent shut-down of nearly half of the country's atomic reactors in 2011, the national statistics office said Tuesday.

Saudi Aramco Secures Approval to Enter Local Power Market

Τρι, 2 Απριλίου 2013 - 17:29

State-oil giant Saudi Arabian Oil Co., known as Saudi Aramco, is now allowed to sell its excess power capacity to the local market via Saudi Electricity Co. (5110.SA), the governor of the kingdom's Electricity and Co-Generation Regulatory Authority said Tuesday.

Greek PPC Renewables' Profit Grows in 2012

Τρι, 2 Απριλίου 2013 - 11:47

PPC Renewables, the green unit of Greek utility Public Power Corp (ATH:PPC), saw its net profit grow to EUR 7.6 million (USD 9.7m) in 2012 from EUR 6.5 million a year ago, the parent’s financial report showed Friday.

Natural Gas Begins to Flow From Israel's Tamar Field

Δευ, 1 Απριλίου 2013 - 18:05

Natural gas from Israel's offshore Tamar field began to flow into the country's energy grid Sunday after two years of a gas shortage. The gas will allow Israel to be energy independent for at least three decades, in addition to becoming a net exporter of gas, according to the Ministry of Energy and Water Resources.