English Edition

China Confirms June Crude Imports 21.72 Mln Tons, up 10.27% on Year

Δευ, 23 Ιουλίου 2012 - 17:40

China's General Administration of Customs confirmed Monday that June crude imports totaled 21.72 million metric tons, equivalent to 5.3 million barrels a day, up 10.27% from a year earlier.

Rosneft And Eni Sign Deal To Finance Exploration

Δευ, 23 Ιουλίου 2012 - 17:40

Russian oil giant OAO Rosneft (ROSN.RS) said Monday it had signed an agreement with Italy's Eni SpA (E) to finance exploration at three offshore fields, advancing a cooperation deal signed in April.

South, North Korea Held Talks on Rare Earth Development Last Year

Δευ, 23 Ιουλίου 2012 - 17:40

South Korea's state-owned commodities developer held talks in North Korea last year about a possible North-South project to develop North Korea's rare-earth deposits, an official at the company said Monday.

Iraq Resumes Oil Flow to Turkey at Lower Rate

Δευ, 23 Ιουλίου 2012 - 17:39

Iraq has resumed crude-oil exports from Kirkuk oil fields at a lower rate, Middle East shipping agents said Monday, after an explosion that blew up part of the northern pipeline that carries crude to Turkey's Ceyhan port.

Japan Govt Panel Says Tepco Still Falling Short on Nuclear Safety

Δευ, 23 Ιουλίου 2012 - 17:39

The operator of Japan's crippled Fukushima Daiichi nuclear plant is still failing to sufficiently ensure the safety of its nuclear operations, a government-appointed panel looking into the causes of last year's disastrous accident said Monday.

Chevron Unveils Natural-Gas Discovery Off Western Australia Coast

Δευ, 23 Ιουλίου 2012 - 17:39

Chevron Corp. (CVX) unveiled a natural-gas discovery in the Gorgon area off the coast of Western Australia, which the company said will support long-term plans for its Gorgon liquefied-natural gas project.

Israel Opportunity Lists Unit on Cypriot Stock Exchange

Δευ, 23 Ιουλίου 2012 - 12:39

Cyprus Opportunity Energy plc (CSE: GAS), a subsidiary of Israel Opportunity - Oil and Gas Exploration Ltd. listed its shares for trading on the Cyprus Stock Exchange last week, at a market value of €14 million. Sources inform ''Globes'' that Cyprus Opportunity plans to hold a public offering in 2013. It is a sister company ofIsrael Opportunity Energy Resources LP(TASE:ISOP.L).

Euro Drops to Multiyear Lows on Spanish, Greek Concerns

Παρ, 20 Ιουλίου 2012 - 18:35

The euro tumbled to a fresh two-year low against the dollar Friday, dragged down by negative developments in Spain and Greece. The euro fell to $1.2144, its lowest level since June 2010, and hit multiyear lows against the Australian dollar, yen and other currencies. It recently changed hands at $1.2158, down 1% from $1.2280 late Thursday, according to EBS via CQG

Rosneft Buys 6% Stake in Itera As It Seeks To Expand in Gas Market

Παρ, 20 Ιουλίου 2012 - 18:24

Russian state oil giant OAO Rosneft has bought a 6% stake in independent gas producer Itera Holding as the crude producer seeks to expand it position within the gas market. Financial details of the purchase were not disclosed when Rosneft announced the deal Friday on its website

U.S. Says Iran Plans to Disrupt Oil Trade

Παρ, 20 Ιουλίου 2012 - 18:14

U.S. government officials, citing new intelligence, said Iran has developed plans to disrupt international oil trade, including through attacks on oil platforms and tankers. Officials said the information suggests Iran could take action against facilities both inside and outside the Persian Gulf, even absent an overt military conflict

Delays To UK Wind Subsidies Holding Up Investment

Παρ, 20 Ιουλίου 2012 - 18:09

Delays over a government announcement on the future level of financial support for onshore wind power in the U.K. is holding up a significant portion of the GBP5 billion of investment in projects that have planning consent, but have not yet been given the final go-ahead by their backers, the director of policy for industry trade body RenewableUK said Friday