English Edition

GE Sells $100 Million in Equipment for Olympics

Τρι, 31 Ιουλίου 2012 - 12:36

General Electric sold about $100 million in lights, power supplies and medical devices for the London Olympic Games, less than for Beijing’s massive build-out, but still enough to justify the largest U.S. conglomerate’s sponsorship, officials said yesterday.

Cheniere Gives Sabine Pass Green Light

Τρι, 31 Ιουλίου 2012 - 12:35

The board of Texas-based Cheniere Energy Partners has approved a final investment decision to build the first two liquefaction trains at its Sabine Pass project in Cameron Parish, Louisiana.

The Construction of the Bulgarian NPP Kozloduj Unit 7 Should be Completed in 2022

Δευ, 30 Ιουλίου 2012 - 17:18

The construction of the future Unit 7 of the only Bulgarian nuclear power plant in the Danube town of Kozloduy should be completed in 2022, according to NPP CEO Valentin Nikolov.

Exxon Starts Key Drilling Campaign For $15.7B PNG LNG Project

Δευ, 30 Ιουλίου 2012 - 17:17

ExxonMobil Corp. (XOM) said Monday it has started drilling for natural gas in a key part of Papua New Guinea to support its US$15.7 billion PNG LNG project and possibly underpin its expansion.

South Korea Nuclear Reactor Goes Into Automatic Shutdown

Δευ, 30 Ιουλίου 2012 - 17:17

A South Korean nuclear reactor went into automatic shutdown Monday apparently after a malfunction, plant operators said, while ruling out a possible radiation leak.

Israel's Isramco Tests At Shimshon Show 22.7M Cubic Feet Gas Flow Per Day

Δευ, 30 Ιουλίου 2012 - 17:16

Israeli energy exploration company Isramco Negev 2 Ltd. Partnership (ISRA.L.TV) said Monday production tests at its offshore Shimshon natural gas field indicated a daily natural gas flow of 22.7 million cubic feet.

BP Reassures Investors Over Missing TNK-BP Dividend

Δευ, 30 Ιουλίου 2012 - 17:16

BP PLC (BP.LN) Monday sought to reassure investors that cash flow from its Russian joint venture, TNK-BP (TNBP.RS), which has been absent since the beginning of the year as a boardroom impasse holds up dividend payments, is not essential to its own ability to return money to shareholders.

Iranian Oil Minister to Visit Turkey

Δευ, 30 Ιουλίου 2012 - 17:16

Iranian Oil Minister Rostam Qasemi will visit Turkey this week, energy ministry sources told AFP Monday, amid a Turkish cutback on its oil purchases from Iran under Western pressure.

Edison Says Net Loss Narrows; Confirms 2012 Ebitda Target

Δευ, 30 Ιουλίου 2012 - 17:15

Edison SpA (EDN.MI), a leading Italian energy company in which Electricite de France SA (EDF.FR) is the majority shareholder, Monday said its first-half net loss narrowed thanks to the positive performance in the exploration and production operations, although margins remain weak for natural gas and electricity.

Gazprom/Shtokman Deal Ended July 1 But Total Still Interested

Παρ, 27 Ιουλίου 2012 - 18:28

The Shtokman joint venture agreement between French oil company Total SA and Russian peer OAO Gazprom terminated on July 1 though Total is still interested in playing an active role in the gas project, the French company's chief financial officer Patrick de la Chevardiere said Friday in a conference call held to discuss the company's second quarter profits

For Exxon, Natural Gas Becomes A Costly Burden

Παρ, 27 Ιουλίου 2012 - 18:16

The oil and natural-gas production boom sweeping the U.S. may be good for the country's economic health, but it hasn't recently been much help to energy giant Exxon Mobil Corp. Lackluster second-quarter financial results from Exxon's U.S. oil and natural-gas production cast a shadow on the record global profit the company reported Thursday

Russian Court Rules Against BP in TNK-BP Lawsuit

Παρ, 27 Ιουλίου 2012 - 18:14

Russia's Tyumen arbitration court on Friday ordered BP PLC to pay just over 100 billion rubles ($3.1 billion) in damages to TNK-BP, a ruling that the British company called a "corporate attack." The court ruling is to take effect in 30 days unless appealed, in which case it would become effective at the end of the appeal process, BP's lawyer said

To Review Secretary General Candidates At August Panel Meeting

Πεμ, 26 Ιουλίου 2012 - 18:35

Members of the Organization of Petroleum Exporting Countries are set to meet in Vienna next month to start the process of selecting a new secretary general, OPEC delegates said Thursday. A panel, set up to recommend a preferred candidate, will meet at the end of August "to screen applications of the candidates" and to determine whether their credentials are suitable for the job, one OPEC delegate said