English Edition

UAE Appoints New Oil Minister in Cabinet Reshuffle

Τρι, 12 Μαρτίου 2013 - 17:33

The United Arab Emirates Tuesday replaced its energy minister Mohammad Al-Hamli in a cabinet reshuffle, a move it said was aimed at accelerating the pace of economic development in the Gulf state.

Yemen Main Oil Pipe Attacked for Third Time in a Week- Ministry

Τρι, 12 Μαρτίου 2013 - 17:32

Saboteurs blew up part of Yemen's main Marib-Ras Isa oil pipeline in the early hours of Tuesday, the third such attack in a week, the country's defense ministry said.

Chevron Says on Track for 20% Production Growth by 2017

Τρι, 12 Μαρτίου 2013 - 17:32

Chevron Corp. (CVX) expects to increase its oil and natural gas production by more than 20% by 2017, the company said Tuesday at its annual investor conference.

Bulgargaz Seeks 3.2% Cut in Gas Prices in Q2

Τρι, 12 Μαρτίου 2013 - 13:25

Bulgaria's gas monopoly Bulgargaz is seeking a 3.2% cut in the price of natural gas that local consumers will pay in the second quarter of the year, it said.

Bulgaria’s Power Grid Operator to Borrow up to 250 Mln Euro

Δευ, 11 Μαρτίου 2013 - 16:33

The National Electricity Company (NEK) has launched a procedure to borrow up to 250 million euro ($327 million) to refinance a loan, outgoing economy minister Delyan Dobrev said.

A Nuclear Accident in France Could Cost as Much as EUR5.8 Trillion -Report

Δευ, 11 Μαρτίου 2013 - 16:30

The economic cost of a major nuclear accident at one of France's nuclear power stations at Dampierre, in central France, could reach EUR5.8 trillion ($7.543 trillion) in a worst-case scenario like the Chernobyl disaster, reports Le Journal du Dimanche, citing a 2007 report by the French nuclear-safety institute.

Residents Affected by Fukushima Nuclear Crisis Sue Japan Government, Tepco

Δευ, 11 Μαρτίου 2013 - 16:29

Hundreds of people affected by the Fukushima nuclear crisis in Japan filed a class action lawsuit Monday seeking restitution of the region that was contaminated by radioactive fallout.

Japan Panel Recommends Lowering of Solar Feed-In Tariffs

Δευ, 11 Μαρτίου 2013 - 16:29

A government panel Monday recommended that Japan's Minister of Economy, Trade and Industry Toshimitsu Motegi cuts rates for solar power that regional utilities buy from projects approved by the government after April 1, as costs of panels and other equipment have fallen.

ExxonMobil Starts Natural Gas Production Offshore Malaysia

Δευ, 11 Μαρτίου 2013 - 16:29

ExxonMobil Exploration and Production Malaysia Inc, a unit of ExxonMobil Corp. (XOM), said it has started producing natural gas from the Telok field offshore Malaysia in the South China Sea.

UAE's Adnoc Says Concerned About Weaker Oil Prices in 2013

Δευ, 11 Μαρτίου 2013 - 16:28

Abu Dhabi National Oil Co. said crude oil prices may fall this year due to lower demand and a rise in global oil stocks.

EWEA: The EU Needs to Double its Installed Wind Power to Meet Binding Targets

Δευ, 11 Μαρτίου 2013 - 13:54

The financial and economic crisis has provoked a wave of uncertainty across the European Union since 2010, with national Governments making damaging retroactive changes to policies and regulations for wind energy. This political uncertainty is deterring financiers and investors and has already caused job losses and negative financial result announcements.

China February Coal Exports 530,000 Tons; Down 57% on Year

Παρ, 8 Μαρτίου 2013 - 17:42

China's coal exports totaled 530,000 metric tons in February, down 57% from a year earlier, according to preliminary data issued Friday by the General Administration of Customs.

Iraq Budget Deepens Dispute Over Kurdish Oil Revenues

Παρ, 8 Μαρτίου 2013 - 17:42

The Iraqi parliament Thursday passed a budget for 2013 that allocated to Kurdistan just a fraction of the oil revenue requested by the semi-autonomous region, a move that deepens a dispute that has disrupted oil exports from the north of the country.