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Rosneft 1Q Profit Down 9% On Year On Higher Taxes, Transportation Costs

Rosneft 1Q Profit Down 9% On Year On Higher Taxes, Transportation Costs

Τετ, 2 Μαΐου 2012 - 17:49

Russian state oil producer OAO Rosneft (ROSN.RS) Wednesday said first-quarter net profit fell 8.9% from last year partly due to higher taxes on the huge Vankor field, as well as higher transportation and electricity costs, but was still supported by higher oil prices.

ELPE Produces Power Through Solar Energy

ELPE Produces Power Through Solar Energy

Τετ, 2 Μαΐου 2012 - 16:30

Hellenic Petroleum SA, Greece’s largest refiner, said on Monday that its first power unit that produces electricity using the sun had successfully begun operations. The photovoltaic unit has generating capacity of 500 kilowatts and will have annual power production of about 740,000 kilowatt hours, the Athens-based company said in an e-mailed statement.

EU Pushes for South Stream Gas Pipeline Access

EU Pushes for South Stream Gas Pipeline Access

Τετ, 2 Μαΐου 2012 - 13:27

Western European firms participating in the Gazprom-led South Stream gas pipeline project could back the European Commission's efforts to force the Russian state-controlled export monopoly to open up the line to other shippers.

Libya Oil Output At Risk Due To Security -Barclays

Libya Oil Output At Risk Due To Security -Barclays

Δευ, 30 Απριλίου 2012 - 17:04

The security situation in Libya remains unstable and poses a threat to the country's oil production, which has nearly reached pre-war levels, Barclays says in a note.

Boost for Israelis Bidding for Cypriot Gas Licenses

Boost for Israelis Bidding for Cypriot Gas Licenses

Δευ, 30 Απριλίου 2012 - 13:45

The likelihood of Israeli companies winning gas exploration licenses in Cypriot waters has improved after a range of large international companies decided not to bid for block tenders. In February, the Cypriot government published tenders for 12 blocks of offshore licenses.

Enerjisa to Start Turkey’s Largest Wind Farm this Year

Enerjisa to Start Turkey’s Largest Wind Farm this Year

Δευ, 30 Απριλίου 2012 - 13:45

Privately-owned Turkish utility Enerjisa will bring on line Turkey's largest wind farm to date after securing a €135mn ($180mn) loan for its construction from the European Bank of Reconstruction and Development.

EnBW Steps Up Renewables Spending Post German Nuclear Exit

EnBW Steps Up Renewables Spending Post German Nuclear Exit

Πεμ, 26 Απριλίου 2012 - 15:41

German utility EnBW Energie Baden-Wuerttemberg AG (EBK.XE) said Thursday it plans to invest heavily in renewable energies in coming years to ensure it remains a power generator that emits relatively little carbon dioxide, even after all of Germany's nuclear reactors are shut down at the end of 2022.

Sinopec Profit Down 35%; Refining Losses Weigh

Sinopec Profit Down 35%; Refining Losses Weigh

Πεμ, 26 Απριλίου 2012 - 15:41

China Petroleum & Chemical Corp. (SNP), or Sinopec, Asia's largest oil refiner by capacity, said Thursday its first-quarter net profit slipped 35% from a year earlier as refining losses outweighed higher oil prices and strong energy demand.

Exxon Mobil 1Q Profit Falls 11% On Reduced Production

Exxon Mobil 1Q Profit Falls 11% On Reduced Production

Πεμ, 26 Απριλίου 2012 - 15:40

Exxon Mobil Corp.'s (XOM) first-quarter earnings fell 11% on reduced production and sales volumes, as well as higher operating expenses at its exploration and production business.