English Edition

Poland to Maintain Control in Energy, Sell Off Non-Key Assets

Παρ, 12 Οκτωβρίου 2012 - 17:30

The Polish government plans to keep control of key companies in the energy sector and eventually sell off all non-key assets, Treasury Minister Mikolaj Budzanowski told reporters Friday.

VERBUND AG: Statement regarding current reports concerning VERBUND's interest in Turkey

Παρ, 12 Οκτωβρίου 2012 - 17:30

VERBUND, Austria's leading electricity company and one of the leading producers of electricity from hydropower in Europe, has in the past years established a diversified portfolio of shareholdings in Austria and abroad and has been evaluating measures to improve this portfolio on an on-going basis.

IEA: China Could Become Oil Product Export Powerhouse

Παρ, 12 Οκτωβρίου 2012 - 17:29

China, the world's second-largest oil consumer, could become a new oil product exports powerhouse if all planned projects of refining capacity expansion in the country go ahead, the International Energy Agency said Friday.

Israel, EU to Set Oil Price -Chatham House

Πεμ, 11 Οκτωβρίου 2012 - 18:26

The future behavior of oil prices depends on the euro zone and Israel, according to a report from Chatham House. On the one hand, euro-zone leaders must act to contain the region's economic crisis, while on the other much depends on whether Israel launches a military strike against Iran, it notes.

Russia Seeks Answers from Turkey over Syria Plane Intercept

Πεμ, 11 Οκτωβρίου 2012 - 18:26

Russia furiously demanded answers from Turkey on Thursday after it forced a Syrian passenger plane flying from Moscow to land in Ankara on suspicion of carrying "illegal cargo," reportedly weapons, to Damascus.

Eni Sees Output Growth of 3% in 2015-22; Topping 3% in 2011-15

Πεμ, 11 Οκτωβρίου 2012 - 18:25

Eni SpA (E) said Thursday that it expects hydrocarbon output to grow by about 3% in the 2015-2022 period as the top Italian oil and natural gas company aims to drum up its credentials among leading upstream players after shedding its regulated gas assets and freeing up funds to spend on large projects.

Italy's State-Owned CDP Sells Additional 1.6% Stake in Eni

Τετ, 10 Οκτωβρίου 2012 - 17:46

Italian state-owned lender Cassa Depositi e Prestiti SpA said Tuesday it has sold nearly 58.26 million shares, or a 1.6% stake, of state-controlled Eni SpA (E, ENI.MI) between Sept. 24 and Oct. 9 for about 1.01 billion euros ($1.3 billion).

Rosneft CEO Says Putin Backs BP, Rosneft Plan For TNK-BP

Τετ, 10 Οκτωβρίου 2012 - 17:46

Russian President Vladimir Putin backs BP PLC's (BP.LN) plan to sell its 50% stake in TNK-BP to state-controlled OAO Rosneft (ROSN.RS) and use some of the proceeds to buy Rosneft shares, the head of the Russian company told the Financial Times in a story published Wednesday.

Iraq's Oil Output Hits 3.4 Million Barrels a Day

Τετ, 10 Οκτωβρίου 2012 - 17:46

Iraq's crude oil production has reached 3.4 million barrels a day, the first time it has hit such a level in more than two decades, Iraq's deputy prime minister for energy affairs said Wednesday.

Iran's End-Year Oil Output Seen Down 1M B/D From 2011's 3.6M B/D

Τετ, 10 Οκτωβρίου 2012 - 17:45

Crude oil output from sanctions-stricken Iran is expected to be down 1 million barrels a day by year-end from the 2011 end-year level of 3.6 million barrels a day, the U.S. Energy Information Administration said Wednesday.

Offshore Oil Firms to Submit Major Hazard Reports, Emergency Response Plans Before Licence

Τετ, 10 Οκτωβρίου 2012 - 12:57

Offshore oil and gas firms would have to submit major hazard reports and emergency response plans before getting a licence to drill under a draft law approved by the Energy Committee on Tuesday. Licences would be granted only if the firm could prove it has enough cash to remedy any environmental damage caused. The draft will now be negotiated with the Council.

Greek Operator Says Tanker Hijacked off Ivory Coast Released

Τρι, 9 Οκτωβρίου 2012 - 18:21

The Greek operator of a tanker hijacked over the weekend from the waters around the Ivory Coast said Tuesday that the vessel had been released and all crew members were safe.

Rosneft, Gunvor Discuss Potential Joint Exploration Projects

Τρι, 9 Οκτωβρίου 2012 - 18:20

Russia's state-controlled oil company OAO Rosneft (ROSN.RS) and Cyprus-registered commodities trader Gunvor Group are discussing possible joint exploration and production projects, Rosneft said Tuesday.