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PdVSA Sees Repaying $1.76 Billion Eni Loan in No More Than Three Years

Πεμ, 6 Σεπτεμβρίου 2012 - 17:07

State energy company Petroleos de Venezuela SA, or PdVSA, will likely be able to repay a $1.76 billion loan from Italy's Eni SpA (E, ENI.MI) in no more than three years, a Venezuelan official said Wednesday.

Mediterranean Oil & Gas to Sell Large Chunk of Italian Assets

Πεμ, 6 Σεπτεμβρίου 2012 - 17:07

Mediterranean Oil & Gas PLC (MOG.LN) said Thursday it has agreed to sell a large chunk of its onshore Italy gas production assets and exploration permits to Canoel International Energy Ltd. (CIL.V).

Saudi Aramco, Total Refinery on Schedule -CEO

Πεμ, 6 Σεπτεμβρίου 2012 - 17:06

A $14 billion refinery being built in the east of Saudi Arabia by a joint venture bewteen Saudi Arabian Oil Co. and France's Total S.A. (TOT) is expected to start operations as planned next year, the company's top executive said.

Germany Should Impose Strict Conditions On Hydraulic Fracturing

Πεμ, 6 Σεπτεμβρίου 2012 - 17:06

Germany should impose strict environmental conditions on hydraulic fracturing--a technology used to extract unconventional natural gas deposits such as shale gas--due to concerns that this production method can contaminate ground water, a study commissioned by the country's environment ministry said Thursday.

EU Investigation Offers Meager Lifeline For Ailing Solar Industry

Πεμ, 6 Σεπτεμβρίου 2012 - 17:06

The European Commission said Thursday it will investigate whether Chinese makers of solar equipment are illegally pushing their products into Europe, a move that could escalate growing trade tensions between the European Union and China.

Shell Drills Deeper into Turkish Hydrocarbon Exploration

Τετ, 5 Σεπτεμβρίου 2012 - 16:01

Royal Dutch Shell and Türkiye Petrolleri Anonim Ortaklığı (TPAO) began exploring for shale gas last week in the eastern province of Diyarbakır’s Sarıbuğday-1 natural gas field, Energy Minister Taner Yıldız announced yesterday.

Greece Picks PGS for Offshore Oil, Gas Tests

Τετ, 5 Σεπτεμβρίου 2012 - 12:16

Greece selected Norway's Petroleum Geo-Services (PGS) to carry out offshore seismic tests in the country's south and west, the government said on Wednesday, paving the way for the launch of an oil and gas drilling bidding round in 2014.

Edano: Nuclear Exports Not Inconsistent With Japan's Domestic Policy

Τρι, 4 Σεπτεμβρίου 2012 - 17:08

Japan's trade and industry minister said Tuesday that he doesn't see a contradiction between the government's policy of promoting nuclear power plant exports and its goal of reducing or eliminating the use of nuclear power at home.

Azeri Oil Fund: No Plans to Buy Hungarian Debt

Τρι, 4 Σεπτεμβρίου 2012 - 17:08

Azerbaijani state oil fund SOFAZ has no plans to buy Hungarian securities or other financial instruments, the company said in an official statement late Monday, local news portal azernews.az reports.

Yemen's Export Gas Pipeline Blown Up, Local Official Says

Τρι, 4 Σεπτεμβρίου 2012 - 17:07

Unknown assailants Tuesday blew up a gas pipeline that feeds Yemen's liquefied natural gas to the Balhaf export terminal, a local official said, just days after it was repaired from previous sabotage.

China August Electricity Output 444.5 Bln KWh -SERC

Τρι, 4 Σεπτεμβρίου 2012 - 17:07

China's electricity output in August totaled 444.49 billion kilowatt hours, the State Electricity Regulatory Commission said Tuesday.

Qatargas to Shut Two Trains of LNG Production for Maintenance

Τρι, 4 Σεπτεμβρίου 2012 - 17:07

Qatar Liquefied Gas Co., known as Qatargas, said Tuesday it will shut its fourth and fifth liquefaction plants this month for planned maintenance.

German Economy Minister Wants Quick Reform Of Renewable Energy Law

Τρι, 4 Σεπτεμβρίου 2012 - 17:06

German Economics Minister Philipp Roesler Tuesday said he is in favor of a quick reform of the country's renewable energies law, in order to contain spiraling costs.