1. English Edition

English Edition

OPEC Has No Plans to Announce Individual Quotas at May Meeting

OPEC Has No Plans to Announce Individual Quotas at May Meeting

Πεμ, 4 Απριλίου 2013 - 21:36

The Organization of the Petroleum Exporting Countries isn't likely to discuss individual countries' production quotas at its upcoming meeting in Vienna in May, OPEC Secretary General Abdullah el-Badri said on the sidelines of a conference Thursday

OMV Petrom:Exploration Expenditures In Black Sea Expected To Be About $1B

OMV Petrom:Exploration Expenditures In Black Sea Expected To Be About $1B

Πεμ, 4 Απριλίου 2013 - 21:33

The Romanian subsidiary of Austrian oil and gas company OMV AG (OMV.VI) and ExxonMobil Exploration and Production Romania Limited expect to invest up to $1 billion in the exploration program of a deep sector of the Black Sea offshore from Romania, OMV Petrom S.A. (SNP.RO) said Thursday

Today’s IENE Colloquium to Focus on “The Critical Choices for RES Investments in Greece”

Today’s IENE Colloquium to Focus on “The Critical Choices for RES Investments in Greece”

Πεμ, 4 Απριλίου 2013 - 12:20

An IENE- organized Colloquium on “The Critical Choices for RES Investments in Greece” is taking place later today, April 4, 2013 (17.00 - 21.00), at the Athens Chamber of Commerce and Industry (ACCI) (7, Akadimias Str., Athens). This IENE Colloquium, which is being held under the auspices of ACCI, focuses on the most urgent problems of market operation in the Greek RES sector. RES’s latest development and prospects will be examined under the light of EU strategy on RES and the energy efficiency targets for 2020, as well as the application of low carbon technologies

Rosneft, Exxon Mobil Agree On Joint Bid For Lebanese Shelf

Rosneft, Exxon Mobil Agree On Joint Bid For Lebanese Shelf

Τετ, 3 Απριλίου 2013 - 17:50

OAO Rosneft (ROSN.RS) has reached an agreement with Exxon Mobil Corp. (XOM) to launch a joint bid for Lebanese offshore projects, the chief executive of the Russian state-run oil giant said Wednesday, according to Russian media reports.

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

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

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

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.

IMF Official Says Size of Egypts $4.8 Bln Loan May Change

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 Worlds Biggest Floating Gas-Export Plant

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

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

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

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

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 Israels Tamar Field

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.