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Romanian Transelectrica Profit Down Sharply On Costs

Δευ, 14 Μαΐου 2012 - 17:50

Romanian state-run power grid operator Transelectrica (TEL.RO) Monday said its first-quarter net profit fell 73% on the year to 43.6 million lei (EUR12.7 million), hit by lower operating profit and higher costs, news agency Mediafax reported.

15 Bidders for 9 Blocks in Cyprus Offshore Natural Gas

Παρ, 11 Μαΐου 2012 - 16:12

A mix of 15 bidders have applied for rights to explore nine blocks in the Cyprus offshore natural gas licensing round that ended on Friday. These include international heavyweights Total, Petronas, Gazprom, Marathon and ENI.

Shale Gas Explorer Says UK Production May Start in 2014

Παρ, 11 Μαΐου 2012 - 14:29

U.K.-based shale-gas explorer Cuadrilla Resources expects to resume drilling in northwest England later this year and could start gas production in 2014, Bloomberg News reported Friday, citing the company's chief executive.

Greek-owned Tanker Hijacked In Arabian Sea

Παρ, 11 Μαΐου 2012 - 14:28

A Greek-owned tanker has been hijacked in the Arabian Sea with a cargo of crude oil, the operating company said on Friday.

Total CEO: Everything Ready To Start Elgin Well-kill Operation

Παρ, 11 Μαΐου 2012 - 14:28

Total SA (TOT) Friday said it has everything ready to "kill" a leaking gas well in the North Sea.

Iran Oil Exports Fall In April As Sanctions Tighten-IEA

Παρ, 11 Μαΐου 2012 - 14:28

Iranian exports of crude oil fell sharply again in April and could be down by as much as 1 million barrels a day this quarter as many countries reduce imports ahead of sanctions that come into effect on July 1, the International Energy Agency said Friday.

Italian Anarchist Group Claims Shooting Of Nuclear Company Boss

Παρ, 11 Μαΐου 2012 - 14:27

An Italian anarchist group behind a series of letter-bomb attacks claimed responsibility Friday for the shooting and wounding of the head of a nuclear energy company earlier this week.

EU To Review Iran Oil Embargo, Shipping Insurance Ban In June -Diplomats

Πεμ, 10 Μαΐου 2012 - 18:37

The European Union will carry out its planned review of its oil embargo on Iran in June, EU diplomats said Thursday, and will also review the timing of a ban on European companies insuring the transport of Iranian crude oil exports.

Noble Group 1Q Net Profit Halves But Company Confident Of Growth

Πεμ, 10 Μαΐου 2012 - 18:37

Noble Group Ltd. (N21.SG) Thursday reported that its first-quarter profit nearly halved, but that was largely because the year-earlier figure had been boosted by a one-time gain and the Singapore-listed commodities supplier was confident its troubles last year were a thing of the past.

North Korea Vows To Bolster Nuclear Deterrent At Any Cost

Πεμ, 10 Μαΐου 2012 - 18:36

North Korea said Thursday it would strengthen its nuclear deterrent and other defenses regardless of cost, amid fears it is preparing for another atomic weapons test.

OPEC Pumps Up Production To Highest Level Since 2008

Πεμ, 10 Μαΐου 2012 - 18:36

OPEC Thursday said its members are pumping at levels not seen since the 2008 recession and said it was becoming more optimistic on oil-demand growth prospects.

Saudi Arabia Agrees To Egypt Aid Package

Πεμ, 10 Μαΐου 2012 - 18:36

Saudi Arabia agreed to an aid package to support the Egyptian Central Bank and allow Egypt to buy fuel after a diplomatic spat between the countries, officials said Thursday.

Repsol Profit Rises Both With And Without YPF

Πεμ, 10 Μαΐου 2012 - 18:35

Spanish oil company Repsol YPF SA (REP.MC) moved Thursday to demonstrate that it has a solid future without its recently-nationalized Argentine unit, as it published first-quarter earnings figures that showed a net profit increase both with and without YPF SA (YPF).