1. English Edition

English Edition

Brazil 2011 Power Use Climbs 3.6% On Low Industrial Growth

Brazil 2011 Power Use Climbs 3.6% On Low Industrial Growth

Παρ, 27 Ιανουαρίου 2012 - 18:33

Brazilian power consumption climbed 3.6% last year as surging commercial and residential demand was offset by slower industrial demand, the government energy research corporation, EPE, said Friday.

Chevron 4Q Net Falls 3.2%; Refining Arm Posts Loss

Chevron 4Q Net Falls 3.2%; Refining Arm Posts Loss

Παρ, 27 Ιανουαρίου 2012 - 18:32

Chevron Corp. (CVX) said Friday fourth-quarter earnings fell 3.2% as its refining arm swung to a loss, widely missing Wall Street expectations and overshadowing a large addition of new oil and gas reserves.

Petroplus Files For Insolvency In Switzerland, Belgium

Petroplus Files For Insolvency In Switzerland, Belgium

Παρ, 27 Ιανουαρίου 2012 - 18:32

Petroplus Holdings AG (PPHN.EB) said Friday insolvency proceedings have been filed for the troubled Swiss-based independent refiner and its subsidiaries in Switzerland and Belgium.

Poland Welcomes EU Report On Shale Gas Regulation

Poland Welcomes EU Report On Shale Gas Regulation

Παρ, 27 Ιανουαρίου 2012 - 18:32

Poland welcomes a study by the European Union's Directorate General for Energy, which concludes there is no need for new legislation to regulate shale gas exploration, an official at Poland's Ministry of Foreign Affairs said Friday.

TAP Begins Italian Surveying

TAP Begins Italian Surveying

Παρ, 27 Ιανουαρίου 2012 - 12:55

The Trans-Adriatic Pipeline (TAP) continues to move ahead, with the commencement of seabed surveying near San Foca, Lecce in Italy. The initial survey is expected to be completed by the middle of February if favourable weather conditions persist.

Tamar Partners Sign $750M Contract With Israeli Paper Company

Tamar Partners Sign $750M Contract With Israeli Paper Company

Πεμ, 26 Ιανουαρίου 2012 - 18:21

U.S. energy company Noble Energy Inc. (NBL.TV) and its local partners in Israel's Tamar natural gas field said Thursday that they have signed a $750 million contract to supply natural gas to Hadera Paper Ltd. (HAP.TV) for 15 years.

E.ON Confirms Talks To Sell Stake In Regional Energy Provider

E.ON Confirms Talks To Sell Stake In Regional Energy Provider

Πεμ, 26 Ιανουαρίου 2012 - 18:20

E.ON AG (EOAN.XE)--Germany's largest utility by market value--said Thursday it has begun "exploratory talks" to discuss the possibility of a sale of its majority stake in a regional energy provider to local municipalities.

Russian Court Hands BP Win In Case Against TNK-BP Minorities

Russian Court Hands BP Win In Case Against TNK-BP Minorities

Πεμ, 26 Ιανουαρίου 2012 - 18:20

A Siberian arbitration court Thursday rejected an appeal by minority shareholders in BP PLC's (BP) Russian joint venture, OAO TNK-BP Holding (TNBP.RS), in a multi billion-dollar lawsuit, marking a small victory for the U.K. oil major.

Saudi Aramco CEO: Oil Demand Will Be Somewhat Sluggish In 2012

Saudi Aramco CEO: Oil Demand Will Be Somewhat Sluggish In 2012

Τετ, 25 Ιανουαρίου 2012 - 18:38

Oil demand this year will be "somewhat sluggish" and global economic conditions will likely remain as turbulent as they were in 2011, the chief executive of state giant Saudi Arabian Oil Co., or Saudi Aramco, said Wednesday.

E.ONs Job Cut Plan Could Cost Over EUR1 Bln

E.ON's Job Cut Plan Could Cost Over EUR1 Bln

Τετ, 25 Ιανουαρίου 2012 - 18:38

E.ON AG's (EOAN.XE) restructuring program, which includes a massive reduction of its global workforce, could cost the German utility in excess of EUR1 billion, two people familiar with the matter told Dow Jones Newswires Wednesday.

Petroplus German Refinery Producing At 50%-60% Capacity -Administrator

Petroplus German Refinery Producing At 50%-60% Capacity -Administrator

Τετ, 25 Ιανουαρίου 2012 - 18:37

The German crude oil refinery owned by stricken European refiner Petroplus Holdings AG (PEPFY) continues to produce--albeit at reduced capacity--despite the Switzerland-listed company's filing for insolvency Tuesday, said the spokesman for the insolvency administrator Wednesday.

Iraq, Lukoil Award $998M West Qurna Deal To Samsung

Iraq, Lukoil Award $998M West Qurna Deal To Samsung

Τετ, 25 Ιανουαρίου 2012 - 18:37

Iraq and Russia's OAO Lukoil Holding (LKOH.RS) have awarded a $998 million deal to south Korea's Samsung Group to develop the supergiant West Qurna phase 2 oil field, the Iraqi government said in a statement Wednesday.

UK Court Upholds Challenge To Govts Solar Subsidy Cut

UK Court Upholds Challenge To Govt's Solar Subsidy Cut

Τετ, 25 Ιανουαρίου 2012 - 18:36

The U.K. Wednesday lost a bid to overturn a court ruling that its planned cuts to solar power subsidies were illegal, a decision that could allow thousands of consumers to claim the higher payouts introduced by the previous Labour government.