English Edition

Party's Over - Νew Cyprus President Eyes Credibility, Germany Ties

Δευ, 25 Φεβρουαρίου 2013 - 18:56

In what was probably the most short-lived victory celebration in Cyprus history, president-elect Nicos Anastassiades wrapped up a six month long campaign with two speeches and a short press briefing on Sunday night, ready to start work on a multi-billion euro bailout from Eurozone partners and the IMF

China, Russia Move Step Closer to Operating Tianjin Refinery

Δευ, 25 Φεβρουαρίου 2013 - 18:36

China and Russia have moved closer to a final agreement that would see Russian crude oil supplied to a refinery in the Chinese port city of Tianjin. The deal would boost Russian supplies to China by more than a third and is in line with a commitment earlier this month by the two sides to increase deliveries from the world's second-largest oil producer to the second-largest consumer

Crude Futures Up but Further Correction May Be On the Way

Δευ, 25 Φεβρουαρίου 2013 - 18:33

Crude oil futures were trading higher Monday morning, but several factors suggest that a further correction is possible after sharp falls last week. At 0947 GMT, the April Brent contract on London's ICE futures exchange was at $114.95 a barrel, up 85 cents, or 0.7%. Nymex light, sweet crude for April delivery was up 53 cents, or 0.6%, at $93.66 a barrel

Russia's Medvedev in Cuba for Trade, Energy Talks

Παρ, 22 Φεβρουαρίου 2013 - 14:13

Russian Prime Minister Dmitry Medvedev met with Cuban President Raul Castro for trade and energy talks as he kicked off a three-day visit to the communist island.

S Korea Imported 5.896 Mln Bbl Iranian Crude in January, Down 16.1% on Year -Knoc

Παρ, 22 Φεβρουαρίου 2013 - 14:12

South Korea imported 5.896 million barrels of Iranian crude oil in January, a 16.1% drop from a year earlier, preliminary data from the state-run Korea National Oil Corp. showed Friday.

OMV Petrom, Repsol Ink Deal for Deep Onshore Exploration In Romania

Παρ, 22 Φεβρουαρίου 2013 - 14:12

Romania's leading oil group OMV Petrom (SNP.RO) and Spanish peer Repsol SA (REP.MC) have reached an agreement for the joint exploration of four onshore blocks in the southern and eastern Carpathian Mountains in Romania, news agency Mediafax reports Friday.

Yingli Says 4th-Quarter, 2012 Shipments Exceeded Expectations

Παρ, 22 Φεβρουαρίου 2013 - 14:12

Yingli Green Energy Holding Co. (YGE) said preliminary results for the fourth quarter and all of 2012 are "significantly higher" than expected.

EU Reaches Preliminary Deal on Offshore Oil, Gas Safety Drilling Rules

Πεμ, 21 Φεβρουαρίου 2013 - 17:05

The European Union has reached a preliminary agreement on new rules to guarantee the safety of offshore drilling for oil and natural gas, an Irish official said Thursday.

Romania OMV Petrom 2012 Profit Up 5%

Πεμ, 21 Φεβρουαρίου 2013 - 17:05

Romania's leading oil company OMV Petrom (SNP.RO) Thursday said its net profit rose 5% to a record 3.946 billion lei ($1.2 billion) in 2012, fueled by higher crude oil prices and lower production costs, news agency Mediafax reports.

Israel Authorizes Oil Drilling on Occupied Golan

Πεμ, 21 Φεβρουαρίου 2013 - 17:04

Israel has authorized drilling for oil on the occupied Golan Heights in a move likely to draw international protest, local media reported Thursday.

Gazprom Takes Final Investment Decision on Vladivostok LNG

Πεμ, 21 Φεβρουαρίου 2013 - 17:04

Russian state gas giant OAO Gazprom (GAZP.RS) has finalized investment terms for a gas liquefaction on its Pacific coast as it seeks to boost shipments to Asia amid falling demand and regulatory strife in its most lucrative European market.

Energy Regulator Opens Procedure To Revoke CEZ Licence, Rules out Electricity Price Cut in March

Πεμ, 21 Φεβρουαρίου 2013 - 16:12

The energy regulator started a procedure for revoking the electricity transmission and distribution licence of the local unit of Czech power utility CEZ on the grounds of 21 violations which it has established.

Japan LNG Imports Peak on Receiving-Capacity Bottleneck

Τετ, 20 Φεβρουαρίου 2013 - 17:20

Japan's imports of liquefied natural gas may have peaked as its LNG-receiving terminals are operating at full capacity to meet rising demand for the clean-burning fossil fuel, while most of the country's nuclear power plants remain offline, data from the government showed Wednesday.

Shell Australia Head Says No Rush to Expand Gorgon LNG Project

Τετ, 20 Φεβρουαρίου 2013 - 17:19

Royal Dutch Shell PLC's (RDSA) top Australian executive said Wednesday that she is in no rush to commit to an expansion of Chevron Corp.'s (CVX) giant Gorgon gas export project that only months ago suffered a cost blowout in its first stage.

ReneSola PV Module Installations Top 100 MW in Greece

Τετ, 20 Φεβρουαρίου 2013 - 17:19

ReneSola Ltd ("ReneSola" or the "Company") (NYSE: SOL), a leading global manufacturer of solar photovoltaic ("PV") modules and wafers, today announced that a total of more than 100 MW of the Company's PV modules have been distributed, installed, and connected to the grid in Greece since November of 2011.

Israeli Tamar Gas Partner Secures Loan

Τετ, 20 Φεβρουαρίου 2013 - 17:19

Isramco Negev 2 Ltd. Partnership (ISRA.L.TV), a partner in Israel's large offshore Tamar natural gas field, said Wednesday it has agreed to a $500 million loan from Deutsche Bank AG (DB).