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Eni Says Significant Oil Discovery In Egypt's Western Desert

Πεμ, 24 Μαΐου 2012 - 17:05

Eni SpA (E), Italy's biggest energy company by market value, Thursday said it made a "significant" oil discovery in the Egyptian Western Desert, as it refocusing its local activities in the area.

China Solar Companies Worry About Implications Of US Tariffs

Πεμ, 24 Μαΐου 2012 - 17:05

Chinese solar companies on Thursday called for free trade and open competition in the global solar energy sector, saying U.S. antidumping tariffs would harm the sector's development and risked sparking a wider trade war in the sector.

Statoil Moves To Ship North Sea Oil To South Korea

Πεμ, 24 Μαΐου 2012 - 17:04

Statoil ASA (STO) is the latest company to look to send North Sea oil to South Korea in June as part of an increasingly common trade that until last year was virtually unheard of, ship brokers said Thursday.

Putin: Independent Firms Should Have Access To Offshore Resources

Πεμ, 24 Μαΐου 2012 - 17:04

Russian President Vladimir Putin said Thursday that independent oil companies should have the right to develop offshore resources as long as they don't sell those rights to foreign corporations, Interfax reported.

EDF Completes Acquisition Of Edison

Πεμ, 24 Μαΐου 2012 - 17:04

Electricite de France (EDF.FR) Thursday completed the acquisition of Edison SpA (EDN.MI), as it purchased shares from investment vehicle Delmi for EUR784 million.

Statoil Upgrades Brazil Pre-salt Discoveries To 1.24 Bln Barrels

Πεμ, 24 Μαΐου 2012 - 17:03

Statoil ASA (STO) said Thursday it and its partners had substantially upgraded estimates for the Brazilian Campos basin pre-salt oil and gas discoveries, to a total 1.24 billion barrels of oil equivalent, and the Norwegian oil giant said this also increased its optimism for its geologically similar acreage in Angola.

Gazprom May Review List Of Shtokman Participants In June

Τετ, 23 Μαΐου 2012 - 17:50

Russian gas giant OAO Gazprom (GAZP.RS) said Wednesday it may review the list of participants in its project to develop the Shtokman offshore gas field next month, the Prime news agency reports, citing a company official.

India, Pakistan Sign Landmark Pacts To Transport Turkmenistan Gas

Τετ, 23 Μαΐου 2012 - 17:49

India and Pakistan Wednesday signed agreements with Turkmenistan for a project to pipe natural gas from the central Asian country through Afghanistan, marking a major milestone in regional relations.

Germany's Merkel: Aims For Deal On Solar Cuts By Summer Break

Τετ, 23 Μαΐου 2012 - 17:49

German government officials Wednesday sought to dispel doubts about the country's shift toward renewable energy as the transition is running behind schedule and has led to concerns about power shortages.

Nigeria Lost $4.3 Million To Oil Theft Over Last 2 Years

Τετ, 23 Μαΐου 2012 - 17:49

Nigeria has lost $4.3 million over the last two years as a result of oil theft in the Niger Delta, the Nigeria Extractive Industries Transparency Initiative said in a press statement published on its website last week.

Germany's Merkel Outlines Next Steps In Energy Transformation

Τετ, 23 Μαΐου 2012 - 17:48

Libya's Ex Oil-chief Ghanem Under International Warrant Days Before His Death

Τετ, 23 Μαΐου 2012 - 17:48

Interpol issued an international request to arrest Libya's ex-oil minister Shokri Ghanem in connection with an anti-corruption investigation in his home country, days before his body was found in the River Danube in Vienna, according to a document issued by Interpol headquarters.

Parliament Ratifies Nabucco Project Support Agreement

Τετ, 23 Μαΐου 2012 - 12:27

Bulgaria's Parliament said it ratified the agreement for support for the Nabucco gas pipeline project.

Qatar Energy Minister Says Global Oil Market Well Supplied

Τρι, 22 Μαΐου 2012 - 18:16

The global oil markets are well supplied, Qatar's energy minister said Tuesday, adding that "all issues" would be discussed at the OPEC meeting in Vienna next month.

Eni: Middle East Refining Boom A Problem For European Refiners

Τρι, 22 Μαΐου 2012 - 18:15

Eni SpA (E), Italy's biggest energy company by market value, said Tuesday that a refining boom in the Middle East is putting pressure on European refiners because the MidEast producers, who have lower costs, are now entering the market in Europe especially the Mediterranean.

Shell Remains Committed To Natural Gas Strategy - CEO Voser

Τρι, 22 Μαΐου 2012 - 18:15

Royal Dutch Shell PLC (RDSB) believes rising natural gas demand will underpin its future profits, even though oil pricing still accounts for 80% of its margins, its Chief Executive Peter Voser said Tuesday.