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OMV: Need Most of 2012 To Regain Libya Production Reliability

OMV: Need Most of 2012 To Regain Libya Production Reliability

Austrian oil and gas company OMV AG (OMV.VI) will need most of the rest of the year to bring reliability back to its production levels in Libya, board member Jaap Huijskes said Wednesday at the company's 2012 first-half earnings conference.

Dozen Countries To Attend Tehran Meeting On Syria - Iran

Dozen Countries To Attend Tehran Meeting On Syria - Iran

A dozen countries are to attend a hastily called meeting in Tehran Thursday to discuss ways to end the violence in Syria, Iranian Foreign Minister Ali Akbar Salehi said, without saying who was coming.

Video Shows View Inside Nuclear Disaster

Video Shows View Inside Nuclear Disaster

Soon after 11 a.m. on March 14, 2011, the loudspeakers crackled in the crisis command center of Tokyo Electric Power Co.: "Headquarters, headquarters," came the voice of Masao Yoshida, then-manager of Tepco's Fukushima Daiichi power plant, where one of the world's worst nuclear accidents was unfolding. "We have a big problem, we have a big problem. It seems there has been an explosion at Unit 3." Pandemonium ensued.

Sinopec Group 1H 2012 Overseas Oil, Gas Output up 24.02% on Year

Sinopec Group 1H 2012 Overseas Oil, Gas Output up 24.02% on Year

China Petrochemical Corp., known as Sinopec Group, said Tuesday that its overseas equity oil-and-gas output owned by subsidiary Sinopec International Petroleum Exploration & Production Corp. rose by 2.52 million tons of oil equivalent in the first half of 2012, up 24.02% from a year earlier.

Statoil Still Considering Options For Shtokman

Statoil Still Considering Options For Shtokman

Statoil ASA (STO) said Tuesday it is considering its options for the Shtokman project, following reports in the Russian press that the Norwegian oil major had pulled out of the giant gas development.

Coal India May Import 20 Mln Tons Coal This Fiscal Year - Chairman

Coal India May Import 20 Mln Tons Coal This Fiscal Year - Chairman

Coal India Ltd.(533278.BY), the world's largest coal producer, said Tuesday it may import 20 million metric tons of the dry fuel in the current fiscal year through March and mix it with its own stocks to bridge a supply shortage to the country's power sector.

RAE Recommends Sharp Cuts in Photovoltaic Tariffs

RAE Recommends Sharp Cuts in Photovoltaic Tariffs

An opinion paper by the Regulatory Authority for Energy (RAE) handed to the Energy and Climate Change Ministry last week, opens the way for considerable reductions in the tariffs paid to photovoltaic power producers.

Sinopec Group Pushes Ahead With Biofuel Production Plan

Sinopec Group Pushes Ahead With Biofuel Production Plan

China Petrochemical Corp., or Sinopec Group, is going ahead with a plan to produce jet fuel from cooking oil, the local Economic Observer reported Saturday, citing unnamed sources.

South Korea Issues Power Shortage Alert Amid Heatwave

South Korea Issues Power Shortage Alert Amid Heatwave

South Korea's state power company issued a shortage warning Monday, meaning that reserves are dangerously low, as electricity consumption rose sharply due to an unusual heatwave.

Cnooc Shares Surge on $1.56 Bln Coalbed Methane Deal

Cnooc Shares Surge on $1.56 Bln Coalbed Methane Deal

Cnooc Ltd. (0883.HK) shares surged nearly 3% in Hong Kong on Monday, buoyed by news that the blue-chip offshore oil producer signed a deal Friday to develop coalbed methane in China over the next three decades and would commit 9.93 billion yuan ($1.56 billion) toward exploration in the initial five years.

Another Syrian General Defects To Turkey

Another Syrian General Defects To Turkey

Another Syrian brigadier general has fled to Turkey to join opposition fighters, accompanied by five high-ranking officers and more than 30 troops, Anatolia reported Monday.

GDF Suez Agrees To Sell 1.6M tons of Gas to Koreas Kogas

GDF Suez Agrees To Sell 1.6M tons of Gas to Korea's Kogas

French power company GDF Suez (GSZ.FR) Monday said it agreed to sell 24 cargoes of liquefied natural gas, or about 1.6 million tons, to South Korean public natural gas company Korea Gas Corp. (036460.SE) over 2013 and 2014.