English Edition

Russia Deputy Energy Min: Oil To EU Likely To Rise After Iran Embargo

Τετ, 28 Μαρτίου 2012 - 18:50

Russian oil exports to the European Union are likely to increase, as the bloc goes ahead with an embargo on imports from Iran, Russia's Deputy Energy Minister Anatoly Yanovsky said Wednesday.

Cnooc 2011 Net Profit Rises 29% To CNY70.26 Bln

Τετ, 28 Μαρτίου 2012 - 18:49

Cnooc Ltd. (CEO), China's biggest offshore oil and gas producer by output, Wednesday reported a 29% increase in 2011 net profit because of higher oil prices, though it set a conservative production output target this year following the shutdown of its Bohai Bay oil field in northeast China in September.

China To Reform Residential Power Pricing In 1H

Τετ, 28 Μαρτίου 2012 - 18:49

China will introduce a progressive pricing system for residential electricity in the first half of the year, China National Radio reported Wednesday, citing a government official.

Gazprom To Launch Sakhalin-3 This Year; Targets 4.2 BCM/Year

Τετ, 28 Μαρτίου 2012 - 18:48

Russian state gas firm OAO Gazprom (GAZP.RS) will begin production at its massive Sakhalin-3 offshore gas project in the Far East in the second half of the year and reach output of 4.2 billion cubic meters a year by 2015, the company said Wednesday.

Spain's Ibereolica Plans $2.6 Bln Solar Energy Project In Chile

Τετ, 28 Μαρτίου 2012 - 18:48

Spanish energy company Ibereolica plans to build the largest solar energy park in Chile and submitted its $2.6 billion project to the environmental authorities for approval.

The Turkish Petroleum Corporation (TPAO) will Start Receiving Bids for the Oil Search on May 15

Τετ, 28 Μαρτίου 2012 - 16:06

Turkey’s national oil and gas company and energy regulator will soon receive applications from corporations to search for oil in Turkey and import natural gas from Iraq, respectively.

Kurdistan: Iraq Must Seek Approval For Kirkuk Oil Field Upgrade

Τρι, 27 Μαρτίου 2012 - 18:04

The Kurdistan Regional Government in northern Iraq said Monday that Iraq's federal government needs to seek its approval before signing deals to develop the giant Kirkuk oil field.

Russian Energy Ministry Proposes New Oil Export Duty

Τρι, 27 Μαρτίου 2012 - 18:03

Russia's energy ministry has proposed a new oil tax regime that will lower the export duty on crude oil and oil products starting in 2014, the Interfax news agency reported late Monday citing a letter from Deputy Energy Minister Sergey Kudryashov to the government.

Spain To Raise Power Prices By 5%-7% In April-Industry Minister

Τρι, 27 Μαρτίου 2012 - 18:03

Spain's government plans to increase power prices by between 5% and 7% at the beginning of April, Industry Minister Jose Manuel Soria said Tuesday in an interview with broadcaster Antena 3.

New Iraq Oil Export Terminal Loads 3rd Vessel

Τρι, 27 Μαρτίου 2012 - 18:02

Iraq's new single-point mooring, or SPM, terminal in the south is loading a third tanker Tuesday at a rate of 800,000-900,000 barrels a day, a senior Iraqi oil official said.

EnBW Seeks Advisors For Sale Of Power Transmission Grid

Τρι, 27 Μαρτίου 2012 - 18:02

German utility EnBW Energie Baden-Wuerttemberg AG (EBK.XE) is seeking advisors for the sale of its power transmission network valued at over EUR300 million, three people familiar with the matter told Dow Jones Newswires.

Vestas Remains Top Wind Turbine Maker, Goldwind Is Second

Τρι, 27 Μαρτίου 2012 - 14:17

The wind-power market is expected to grow more slowly than prior estimates, with Make Consulting and Navigant Consulting Inc. (NCI) cutting forecasts through 2016.

Bulgaria’s NEK To Seek 15% Increase in Electricity Prices

Τρι, 27 Μαρτίου 2012 - 14:16

Bulgarian power grid operator NEK will seek an increase in electricity prices of at least 15% from July 1, the company's former head Mihail Andonov, who was appointed executive director of the state-owned Bulgarian Energy Holding (BEH) over the weekend, said.