English Edition

Iraq December Oil Exports Down 11% On Month

Δευ, 7 Ιανουαρίου 2013 - 18:59

Iraq's crude oil exports in December fell by 11% because of bad weather in southern oil export terminals and suspension of exports from the Kurdistan region in northern Iraq, people familiar with the State Oil Marketing Organization, or SOMO, said Monday.

Israel's Isramco Seeks to Buy ATP's Rights in Local Gas Reserve

Δευ, 7 Ιανουαρίου 2013 - 18:59

Israeli energy exploration company Isramco Negev 2 Ltd. Partnership (ISRA.L.TV) said Monday that it has submitted a court petition to buy the rights of its partner, Houston-based ATP Oil and Gas Corp. (ATPAQ), in Israel's offshore Shimshon natural gas field for 150 million shekels ($39.7 million).

French Government Decides Emergency Measures For Solar Projects

Δευ, 7 Ιανουαρίου 2013 - 18:58

The French government Monday announced a series of "emergency measures" designed to boost solar projects and add 1,000 megawatts of power production capacities this year.

Cyprus To Discuss Energy Search With Lebanon

Δευ, 7 Ιανουαρίου 2013 - 18:58

Cyprus President Demetris Christofias will pay an official visit to Lebanon on Thursday to discuss the prospect of cooperation in the exploitation of offshore oil and gas.

Bulgarian Section of Gas Interconnector with Serbia To Cost 48 Mln Euro

Δευ, 7 Ιανουαρίου 2013 - 12:23

The Bulgarian section of the gas interconnector with neighbouring Serbia will cost 48 million euro ($62.9 million), Bulgaria's deputy economy and energy minister said.

Turkey’s Leading Oil Refiner Tupras Will Keep Oil Trade Secret

Δευ, 7 Ιανουαρίου 2013 - 12:18

Tüpraş, Turkey’s leading oil refiner and crude exporter, has asked the state-run Turkish Statistical Institute (TÜİK) to keep data on crude imports from Iran secret due to the U.S. embargo on the Iranian fuel trade, Reuters claimed yesterday from an anonymous source.

Repsol to Sue Argentina's Bridas on YPF Shale Investment

Παρ, 4 Ιανουαρίου 2013 - 18:01

Repsol SA (REP.MC) will sue an Argentine company for signing a deal to develop shale oil and gas resources with its nationalized local unit YPF SA (YPF, YPFD.BA), a spokesman for the Spanish oil company said Friday. The spokesman said Repsol told Bridas International SA in a letter sent Jan. 2 that the Spanish firm would sue it for unlawful competition under Spanish law for partnering with YPF

Bulgartransgaz Seeks Contractors for 51 Mln Euro Construction Works

Παρ, 4 Ιανουαρίου 2013 - 17:42

Bulgaria's gas transmission system operator Bulgartransgaz has invited bids for construction and repair works on its gas transmission system under a contract with an indicative value of 100 million levs ($67.8 million/51 million euro), a notice in the EU's procurement journal indicated

Shell Oil Rig Off Alaska Hasn't Leaked

Παρ, 4 Ιανουαρίου 2013 - 17:38

The Coast Guard said a Royal Dutch Shell PLC oil rig that ran aground this week off the southern coast of Alaska doesn't appear to be spilling fuel, adding that a recovery plan won't be completed until a full assessment of the situation is available. Shell said a salvage crew boarded the Kulluk late Wednesday and spent three hours examining the drilling rig, which is owned by Shell and operated by Switzerland-based contract driller Noble Corp. Late Monday, the drillship struck Sitkalidak Island, an uninhabited area about 300 miles southwest of Anchorage in the Gulf of Alaska

Iran Says It Welcomes Restarting Nuclear Talks

Παρ, 4 Ιανουαρίου 2013 - 17:30

Iran's most senior nuclear negotiator said Friday his country welcomed the prospect of restarting negotiations over its nuclear program. Speaking to reporters during a visit to the Indian capital, Saeed Jalili said there was a possibility that talks could resume this month but added, "details have not been finalized." He was in New Delhi for meetings with Indian officials and ministers to seek more bilateral cooperation

Bulgarian Section of Gas Interconnector with Serbia to Cost 48 Mln Wuro

Πεμ, 3 Ιανουαρίου 2013 - 18:22

The Bulgarian section of the gas interconnector with neighboring Serbia will cost 48 million euro ($62.9 million), Bulgaria’s deputy economy and energy minister said on Thursday. The pipeline will contribute to the security of the gas supply of the two countries while also being critical to the development of the gas market of the entire region

Gulf Stockmarkets Seen Up on Global Market Cheer

Πεμ, 3 Ιανουαρίου 2013 - 17:54

Stock markets in the Persian Gulf are seen mostly higher Thursday as investors track global equity strength in the new year, but the focus is likely to shift next week to regional economic news and company earnings. Equities are seeing a continuation of a buoyant risk environment as investors react to the passing of the U.S. fiscal cliff deal, analysts at IG Markets say

Exxon Delay To Shut Pipeline Increased Size of 2011 Montana River Oil Spill

Πεμ, 3 Ιανουαρίου 2013 - 17:49

Exxon Mobil Corp. (XOM) delayed fully shutting down a ruptured oil pipeline in Montana's Yellowstone River in 2011, opening the door for an additional 1,000 barrels of crude to surge into the waterway, according to the U.S. government. More than 1,500 barrels of oil flowed into the river after a July 1, 2011, failure in the 12-inch crude pipeline that runs from Silver Tip, Mont., to Billings, according to a report by the Pipeline and Hazardous Materials Safety Administration, a division of the U.S. Department of Transportation