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North Korea Vows To Bolster Nuclear Deterrent At Any Cost

Πεμ, 10 Μαΐου 2012 - 18:36

North Korea said Thursday it would strengthen its nuclear deterrent and other defenses regardless of cost, amid fears it is preparing for another atomic weapons test.

OPEC Pumps Up Production To Highest Level Since 2008

Πεμ, 10 Μαΐου 2012 - 18:36

OPEC Thursday said its members are pumping at levels not seen since the 2008 recession and said it was becoming more optimistic on oil-demand growth prospects.

Saudi Arabia Agrees To Egypt Aid Package

Πεμ, 10 Μαΐου 2012 - 18:36

Saudi Arabia agreed to an aid package to support the Egyptian Central Bank and allow Egypt to buy fuel after a diplomatic spat between the countries, officials said Thursday.

Repsol Profit Rises Both With And Without YPF

Πεμ, 10 Μαΐου 2012 - 18:35

Spanish oil company Repsol YPF SA (REP.MC) moved Thursday to demonstrate that it has a solid future without its recently-nationalized Argentine unit, as it published first-quarter earnings figures that showed a net profit increase both with and without YPF SA (YPF).

Colombia Oil Output To Hit 1 Mln B/D Within Weeks

Τετ, 9 Μαΐου 2012 - 17:50

Colombia will reach the milestone of 1 million barrels a days of oil production within weeks, Mines and Energy Minister Mauricio Cardenas said Wednesday.

E.ON Warns Energy Markets Remain In Difficult Turf

Τετ, 9 Μαΐου 2012 - 17:50

German utility E.ON AG (EOAN.XE) Wednesday confirmed its outlook for rising profits in this year and next, after reporting stronger than expected preliminary first-quarter results last week, but warned that it continues to face headwinds as the energy industry is undergoing a "fundamental transformation."

OMV Backs Goal Of Producing 350,000 BOE/D By 2016

Τετ, 9 Μαΐου 2012 - 17:49

Austrian oil and gas firm OMV AG (OMV.VI) is still aiming to produce 350,000 barrels of oil equivalent a day by 2016, Executive Board Member Jaap Huijskes said Wednesday.

UK Govt Plans Reform Of Electricity Market In Energy Bill

Τετ, 9 Μαΐου 2012 - 17:49

The U.K. government plans to reform the electricity market in legislation designed to enable GBP110 billion investment into low-carbon power generation such as giant offshore wind farms and new nuclear power stations.

Iran's NIOC Raises June OSPs to NW Europe, Med

Τετ, 9 Μαΐου 2012 - 17:49

National Iranian Oil Co., or NIOC, has raised its crude-oil official selling prices for June term supply to Northwest Europe and the Mediterranean, a person familiar with the situation told Dow Jones Newswires Wednesday.

Liberia Parliament Wants 10 Oil Contracts Renegotiated

Τετ, 9 Μαΐου 2012 - 17:48

Liberian lawmakers Wednesday voted to renegotiate production-sharing contracts with oil companies which they said violate the current petroleum law.

Serious Cash Problems in RES Sector

Τετ, 9 Μαΐου 2012 - 16:41

The renewable energy sources (RES) sector is ringing the alarm bells and demanding immediate measures to boost liquidity in the electricity market as well as a long-term plan for its viability and growth. In a joint interview last week, the three associations representing the sector (in the respective areas of wind power stations, photovoltaic parks and small hydroelectric plants), along with the Hellenic Wind Energy Association (HWEA), blamed the government for failing to diagnose the real problem in the sector, which according to the representatives is the ever-increasing bad loans in the electrical energy supply market.

Bahrain Min: $15B Will Be Invested Over 20 Yrs To Boost Oil, Gas Output

Τρι, 8 Μαΐου 2012 - 19:11

Bahrain's energy minister Abdul Hussein Mirza said that nearly $15 billion will be invested in the next two decades in projects to develop his country's oil resources, Manama-based Akhbar Al Khaleej daily reports Tuesday.

Saudi Able To Compensate For Any Oil Supply Shortages - Naimi

Τρι, 8 Μαΐου 2012 - 19:11

Saudi Arabia reiterated Tuesday it is very well-equipped to fill any gap between global supply and demand thanks both to its ample spare crude-oil output capacity and oil stocks, but suggested that the Organization of Petroleum Exporting Countries could potentially discuss a change to the group members' output when ministers meet next month.

Eni Sees Not Taking Minimum Take-Or-Pay Gas Amounts In 2-3 Years

Τρι, 8 Μαΐου 2012 - 19:10

Eni SpA (E), Italy's biggest energy company by market value, Tuesday said it expects not to take the minimum amount of natural gas in the next two to three years under its long-term take-or-pay contracts, as demand for the fossil fuel remains weak amid a European economic slowdown.

Work on Bulgaria-Turkey Gas Link To Start in 2013

Τρι, 8 Μαΐου 2012 - 15:10

The construction of a gas link between Bulgaria and Turkey with a capacity of 8.3 million cubic metres per day will start in 2013, a report of the European Network of Transmission System Operators for Gas (ENTSOG) indicated.

Cypriot Government Announces New RES Schemes

Τρι, 8 Μαΐου 2012 - 12:57

The government has approved new renewable energy sources (RES) subsidy schemes, which mainly aim to boost photovoltaics and biomass, it was announced yesterday.