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Saudi Vela To Send 11 Oil Supertankers To US In March/April -Shippers

Παρ, 16 Μαρτίου 2012 - 18:16

Saudi Arabia's state shipping company, Vela, is set to send 11 supertankers, totaling up 22 million metric tons of crude oil, to the U.S. this month and next, an abnormally high number, shipbrokers and analysts said Friday.

Tapping Oil From the SPR May be Trickier Than Ever

Παρ, 16 Μαρτίου 2012 - 13:38

The U.S. Strategic Petroleum Reserve isn't quite as strategic as it used to be. As President Barack Obama moves closer to an unprecedented second release of the U.S. emergency oil stockpile in a bid to bring down near-record fuel prices, experts say dramatic logistical upheavals in the U.S. oil market over the past year may now make such a move slower and more complicated.

BP: Investigating Bribery Allegations At Tanker Division

Πεμ, 15 Μαρτίου 2012 - 18:46

BP PLC (BP) said Thursday it is conducting an internal investigation into allegations of bribery at its tanker chartering division, after a letter detailing alleged corruption was sent to its chief executive last week.

Rosneft Buys 35.5% Stake In Taas-Yuryakh Project For $444 Mln

Πεμ, 15 Μαρτίου 2012 - 18:45

Russian state-controlled oil company OAO Rosneft (ROSN.RS) said Thursday it closed a deal to buy a 35.5% stake in the Taas-Yuryakh project in East Siberia for $444 million from state lender OAO Sberbank (SBER.RS).

Showa Shell's Solar Panel Unit To Form German JV

Πεμ, 15 Μαρτίου 2012 - 18:45

Solar Frontier KK will establish a 50-50 joint venture with a German contractor this spring to build solar power facilities in that country, The Nikkei reported in its Friday morning edition.

Eni Sees 2012-15 Output Growth Above 3% A Year On Higher Capex

Πεμ, 15 Μαρτίου 2012 - 18:45

Eni SpA (E), Italy's biggest oil and natural gas company by volume, Thursday said its new four-year EUR59.6 billion investment plan estimates average annual hydrocarbon production growth of more than 3% through 2015.

DESFA Calls for Bids to Build New LNG Storage in Revythoussa

Πεμ, 15 Μαρτίου 2012 - 16:09

Natural gas grid operator DESFA invited international investors to bid for the design and construction of a third liquefied natural gas storage tank at its Revithoussa LNG terminal facility near Athens.

Moscow to Get Solar-Powered Bus Stops

Πεμ, 15 Μαρτίου 2012 - 14:10

Moscow is not known for its sunshine, but city authorities believe it gets enough sunlight to afford solar-powered bus stops, Kommersant reported on Thursday.

SolarWorld AG Presents New Mounting System for Greek Market and Launches Partner Program in Athens

Πεμ, 15 Μαρτίου 2012 - 13:26

SolarWorld AG will introduce new solutions for the installation of solar power modules at the Ecotec in Athens, the largest trade show for renewable energy in Greece, from March 15 to 18. The company will also unveil a new program for installers who can qualify as certified trade partners.

IEC Signs Gas Contract with Tamar

Πεμ, 15 Μαρτίου 2012 - 12:15

Representatives of Israel Electric Corporation (IEC) and the "Tamar" partnerships signed the country's largest ever gas supply contract today. Under the agreement, IEC will buy a basic quantity of 3 billion BCM of gas annually from Tamar for 15 years. The quantity is expected to grow over the contract period, subject to certain conditions.

Energy Market is a Fine Balancing Act for Greece

Τετ, 14 Μαρτίου 2012 - 18:50

Greece faces the risk of missing out on yet another opportunity for becoming a geopolitical hub in the energy transport market following the announcement by the consortium developing Azerbaijan’s Shah Deniz II gas field that it has selected the Trans Adriatic Pipeline (TAP) project for the route that would make landfall in Italy, instead of the Greek-Italian proposal for the Interconnector Turkey-Greece-Italy (ITGI) pipeline.