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Saudi Aramco Cuts Oil Prices For Asia, Europe In Feb

Τετ, 4 Ιανουαρίου 2012 - 18:33

State-owned Saudi Arabian Oil Co., or Aramco, Wednesday cut most of its official selling prices for February term supply of crude oil, in line with traders' expectations.

EU Agrees In Principle On Oil Embargo On Iran - EU Diplomats

Τετ, 4 Ιανουαρίου 2012 - 18:32

European Union member states are agreed in principle to press ahead with an oil embargo on Iran but there are significant differences still over details of the plan, including the timing for implementing the plan, EU diplomats said Wednesday.

Qatar Says Could Invest In Egyptian Energy Projects - QNA

Τετ, 4 Ιανουαρίου 2012 - 18:32

State-run Qatar Petroleum could invest in energy projects in Egypt, the Gulf state's Energy Minister Mohammed Bin Saleh Al Sada said in remarks carried by the Qatar News Agency.

Israel: Electricity Rates to Rise 9% in February

Τρι, 3 Ιανουαρίου 2012 - 18:10

Electricity rates will rise by nearly 9% in February, under a deal reached between Israel Electric Corporation (IEC) CEO Eli Glickman and Ministry of Finance officials today. The Public Utilities Authority (Electricity) still has to approve the rate hike.

SSE Now Has Over One Gigawatt Of Onshore Wind Farm Capacity

Τρι, 3 Ιανουαρίου 2012 - 18:09

SSE PLC (SSE.LN), the supplier of gas and electricity, Tuesday said that continuing progress in the construction of its large capital projects means that SSE now has over one gigawatt or one thousand megawatts of onshore wind farm capacity in operation for the first time.

Belgium's Oldest Nuclear Reactors Can Run To 2025 - GDF Suez

Τρι, 3 Ιανουαρίου 2012 - 18:08

Belgium's oldest nuclear reactors can operate safely until 2025, after some improvement and upgrades are undertaken, GDF Suez (GSZ.FR), the French utility that owns the plants, said in a report to the country's nuclear regulator.

French Energy Min: To Meet Jan.9 With French Nuclear Operators

Τρι, 3 Ιανουαρίου 2012 - 18:08

French energy minister Eric Besson will meet Jan. 9 with the heads of French nuclear groups to discuss how to implement the additional safety measures recommended by France's nuclear safety watchdog Autorite de Surete Nucleaire Tuesday, his office said.

Total Signs $2.3 Billion Shale Deal With Chesapeake

Τρι, 3 Ιανουαρίου 2012 - 13:54

Oil major Total SA signed a $2.3 billion deal with Chesapeake Energy Corp and EnerVest, continuing a trend of European and Asian oil and gas companies buying into U.S. shale plays.

Saudi Arabia Expects Budget Surplus in 2012

Τρι, 3 Ιανουαρίου 2012 - 13:52

Saudi Arabia forecasts a budget surplus of 12bn Saudi riyals ($3.2bn) for the next fiscal year, despite announcing record government spending of 690bn riyals.

Syria Activists Heap Criticism On Arab Monitors

Δευ, 2 Ιανουαρίου 2012 - 18:35

Activists piled pressure Monday on Arab monitors to do more to prevent Syrian forces pursuing their brutal crackdown against pro-democracy protesters, amid fresh criticism of the observer mission. The Arab League insisted however it wouldn't back down from the operation, which Damascus accepted after weeks of stalling, and said that a new batch of monitors would head to Syria Thursday to join 66 already there

Iran Missile Tests 'Very Bad Signal' To International Community

Δευ, 2 Ιανουαρίου 2012 - 18:33

France said Monday that Iran's testing of missiles near the strategic Strait of Hormuz was regrettable and reminded Tehran of the need to keep the vital oil transit waterway open. "We regret the very bad signal sent to the international community by the latest missile tests announced by Iran," foreign ministry spokesman Bernard Valero said, reminding Tehran of the "freedom of navigation in straits and the need to maintain a favorable climate in respect to this freedom."

Libya's Es-Sider Oil Port Resumes Exports

Δευ, 2 Ιανουαρίου 2012 - 18:32

Libya's largest oil port, Es-Sider, has restarted loadings, the head of the national oil company said Monday, lifting the most important hurdle standing in the way of a return to normal exports following the end of civil war. Nuri Berruien, chairman of Libya's National Oil Co., told Dow Jones Newswires a tanker had been loaded and said "there will be another one in a few days.

Russia: May Start South Stream Work In 2012, Amid Ukraine Talks

Παρ, 30 Δεκεμβρίου 2011 - 19:13

Prime Minister Vladimir Putin said Friday Russia needs to start work on the South Stream natural gas pipeline at the end of 2012, even as it continues talks with Ukraine about expanding the country's gas transport system as an alternate route to Europe. Any moves toward building South Stream increase pressure on Ukraine, analysts said. Kiev is pushing for cheaper gas in order to balance its budget, but in exchange for lower priced gas, Moscow is aiming to gain control of Ukraine's pipeline system

DNO International: Kurdistan Oil Output To Rise In December

Παρ, 30 Δεκεμβρίου 2011 - 19:12

Norwegian oil company DNO International ASA said Friday it expects oil production to increase to 60,000 barrels per day in December from its Tawke oil field in the semi-autonomous region of Kurdistan, Iraq. In November, the field produced 42,798 barrels of oil per day. Production from the Tawke field fell significantly this autumn, but the company says it will increase again in December

A2A, EDF Reply To Consob Clarification Request Over Edison Deal

Παρ, 30 Δεκεμβρίου 2011 - 19:11

The EUR0.84-per-share ($1.09) price agreed to in a deal that will raise Electricite de France SA's stake in Edison SpA to 80.7% has been agreed between EDF and the Italian investors and is in line with the average stock market price over the past 12 months, the companies involved in the deal said late Thursday. In a joint filing to the Italian stock exchange, the companies said that EDF will pay some EUR700 million to increase its holding in Edison to nearly 81% from its current 50%

Turkey Approves Gas Pipeline Plan

Πεμ, 29 Δεκεμβρίου 2011 - 19:44

Russia secured approval from Turkey on Wednesday to build the South Stream gas pipeline across the Black Sea, removing the last major obstacle to proceed with a project that could increase Europe's dependence on Russian natural-gas supplies. The move heats up the battle between Russia and the European Union over competing pipelines, especially the European Union-backed Nabucco project, and increases pressure on Ukraine to give Moscow control of its pipeline system