English Edition

Rosneft CEO: No Plans to Work With OPEC On Oil Output

Παρ, 2 Νοεμβρίου 2012 - 18:22

OAO Rosneft (ROSN.RS) Chief Executive Igor Sechin said there are no plans for Russia to cooperate with the Organization of Petroleum Exporting Countries on reducing production to support oil prices, even though state-controlled companies will own nearly 50% of the country's output after Rosneft completes its purchase of competitor TNK-BP.

BP Replaces Head of Operations in Azerbaijan

Παρ, 2 Νοεμβρίου 2012 - 18:21

Azerbaijan--British oil major BP PLC (BP) said Friday it has replaced its regional president for its operations in Azerbaijan, Georgia and Turkey, in a move that follows recent criticism of a BP-led consortium by Azeri President Ilham Aliyev for declines in oil output.

Chevron 3rd-Quarter Net Falls 33% on Lower Production

Παρ, 2 Νοεμβρίου 2012 - 18:21

Chevron Corp.'s (CVX) third-quarter earnings fell 33%, reflecting a sharp drop in downstream earnings and lower production.

Further Greek Refinery Strike Planned

Πεμ, 1 Νοεμβρίου 2012 - 16:53

The Panhellenic Federation of Employees in Refineries and Chemical Industry will participate in a 48-hour general strike called by the Greek General Confederation of Labour (GSEE) against government austerity measures.

Bulgaria To Announce Investment Decision on South Stream Pipeline Nov 9

Πεμ, 1 Νοεμβρίου 2012 - 15:12

Bulgaria will announce its investment decision on the construction of the South Stream gas pipeline on November 9 when executives from Russia's Gazprom and Bulgarian state-owned Bulgarian Energy Holding (BEH) are expected to sign the final documents on the project's implementation.

Renewables To Lift Electricity Prices by 3-4% in 2013 – Regulator

Πεμ, 1 Νοεμβρίου 2012 - 15:08

Electricity prices in Bulgaria will rise by 3-4% next year due to higher-than-planned connection of renewable power sources to the grid, the head of the national energy regulator said.

Energy Chief: Natural Gas Must Be Priced in Flexible Way

Τετ, 31 Οκτωβρίου 2012 - 16:29

Natural gas should be priced in a flexible way and it is in the industry's own interest to diversify away from the historical link with oil prices, the European Union energy chief said Wednesday.

Czech CEZ to Decide By Year's End on Albania, Hungary Plans

Τετ, 31 Οκτωβρίου 2012 - 16:28

Czech electricity company CEZ AS (BAACEZ.PR) Wednesday said it aims to make a final decision by the end of this year whether it will build a gas-fired power plant in Hungary and sell its troubled Albanian electricity distribution unit.

Yemen LNG Says Gas Pipeline Hit By Explosion Due To Sabotage

Τετ, 31 Οκτωβρίου 2012 - 16:27

Yemen LNG Co. said Wednesday the country's only liquefied natural gas pipeline supplying its plants was hit by an explosion late Tuesday, which the company said was due to sabotage.

Kremlin:Shtokman Construction to Begin by End of 2017

Τετ, 31 Οκτωβρίου 2012 - 16:26

Construction at the Shtokman natural gas field in Russia's Arctic will be carried out according to plan with work beginning there by the end of 2017, President Vladimir Putin's spokesman said Wednesday, Interfax reported.

Gazprom, Hungary Sign Deal on Hungarian South Stream Section

Τετ, 31 Οκτωβρίου 2012 - 16:26

Russian energy giant OAO Gazprom (GAZP.RS) and Hungary signed a final shareholders' agreement to build the Hungarian section of natural gas pipeline South Stream, Hungary's state-owned power company MVM Zrt. said Wednesday.

Siemens Wins Order To Supply Power Equipment in Venezuela

Τετ, 31 Οκτωβρίου 2012 - 16:25

German industrial conglomerate Siemens AG (SIE.XE) Wednesday said it has received an order from Spanish engineering company Elecnor SA (ENO.MC) to supply equipment for power plants in Venezuela.

Shell Struggles to Repay Iran Oil Debt

Δευ, 29 Οκτωβρίου 2012 - 18:09

Royal Dutch Shell PLC (RDSA) is struggling to settle the over $1 billion it owes Iran for oil purchases after options such as financing a gas pipeline or paying for food shipments were rejected, people familiar with the matter said over the weekend.

4 Japanese Firms Win Stakes in U.K. North Sea Exploration Blocks

Δευ, 29 Οκτωβρίου 2012 - 18:09

Four Japanese companies separately said Monday that they won stakes in several energy exploration blocks in the North Sea in a tender held by the U.K. government in May.

Hitachi's Nuclear-Power Prospects Looking Up on UK Power Project Bid

Δευ, 29 Οκτωβρίου 2012 - 18:09

Hitachi Ltd.'s (6501.TO) efforts to expand adoption of its nuclear-power reactors overseas in the face of strong resistance at home appear to be bearing fruit after a person familiar with the matter said over the weekend that Hitachi's bid to acquire a nuclear-power venture in the United Kingdom has been selected.

UN Chief Renews Nuclear Disarmament Plea

Δευ, 29 Οκτωβρίου 2012 - 18:08

U.N. chief Ban Ki-moon renewed an appeal Monday for global nuclear disarmament, with a special plea to North Korea to divert its scant resources from nuclear weapons to improving living standards.