English Edition

OPEC Downgrades 2012 World Oil Demand Growth By 100,000 B/D

Δευ, 12 Δεκεμβρίου 2011 - 16:56

OPEC has cut its global oil demand growth forecast by about 100,000 barrels a day for 2012, a delegate said Monday.

Portugal Receives Bids For EDP Stake Above Market Price

Δευ, 12 Δεκεμβρίου 2011 - 16:55

All four bidders for Portugal's 21% interest in EDP-Energias de Portugal SA (EDP.LB) have offered a premium over the EUR1.9 billion market value of the stake, with China's Three Gorges Corp. leading the pack, a person familiar with the deal said Monday.

Cypriot Gov't Approves Delek Option for Block 12

Δευ, 12 Δεκεμβρίου 2011 - 16:16

Delek Group Ltd. units Avner Oil and Gas LP and Delek Drilling LP today notified the TASE that, the Cypriot government approved the transfer of 30% of the rights in Block 12 to the two companies from Noble Energy Inc.

Sinopec Agrees to Increase Australian LNG Project stake to 25 Percent

Δευ, 12 Δεκεμβρίου 2011 - 16:15

China Petrochemical Corp., Asia’s biggest refiner, agreed to invest an estimated $1 billion to increase its stake in an Australian liquefied natural gas project led by ConocoPhillips (COP) and Origin (ORG) Energy Ltd.

Three Turkish Companies are the Front Runners for a Gas Contract with Russia’s Gazprom

Δευ, 12 Δεκεμβρίου 2011 - 16:11

Three Turkish companies are the front runners to secure a gas contract with Russia’s Gazprom for the West Pipeline, according to Reuters sources reports Hurriyet Daily.

GDF Suez Plans To Increase Installed Capacity To 150GW By 2016

Παρ, 9 Δεκεμβρίου 2011 - 18:42

French power company GDF Suez SA (GSZ.FR) Friday said it targets an increase of its installed power generation capacity to 150 gigawatts by 2016, of which 90GW outside Europe and to increase its renewable installed capacity by 50% by 2015 compared with 2009, as part of its development strategy.

EU: Support Growing In Durban But Not There Yet To Agree On Roadmap

Παρ, 9 Δεκεμβρίου 2011 - 18:41

Support is growing for setting a roadmap toward a new global, binding agreement at the international climate change negotiations, but there is still no agreement, the European Union said in a statement Friday, the last day of talks.

TNK-BP Board To Mull Legal Action Against BP And AAR

Παρ, 9 Δεκεμβρίου 2011 - 18:41

Directors at BP PLC's (BP) Russian joint venture TNK-BP Ltd. will at a board meeting later Friday not only discuss the possibility of legal action against the U.K. oil major but also against its Russian billionaire partners, a person familiar with the matter said.

Libya Issues 1 Million Bbl Tender For Sarir Crude In Dec - Traders

Παρ, 9 Δεκεμβρίου 2011 - 18:41

Libya has issued another tender for Sarir crude oil in December, traders told Dow Jones Newswires Friday.

Novatek To Double Gas Output By 2020

Παρ, 9 Δεκεμβρίου 2011 - 18:40

Russian independent natural gas producer OAO Novatek (NVTK.RS) expects to more than double output to around 115 billion cubic meters a year by 2020, the company said Friday.

Iberdrola In Talks To Buy Controlling Stake In Neoenergia

Παρ, 9 Δεκεμβρίου 2011 - 18:40

Spanish utility Iberdrola SA (IBDRY, IBE.MC) is in advanced talks to acquire a controlling stake in Brazilian electrical energy generator and distributor Neoenergia SA (GNAN3.BR), Valor Economico reported Friday, citing an unnamed person close to the Spanish company.

Joint IENE-GACCI Half-Day Seminar on Albania’s Regional Energy Role to be Held in Tirana

Παρ, 9 Δεκεμβρίου 2011 - 16:54

Α half-day seminar, on «Energy Policies and Strategies in SE Europe and the Role of Albania», is being organized by the Institute of Energy for SE Europe (IENE) on December 13 (16:00 - 20:00), at the Sheraton Hotel of Tirana, Albania, in co-operation with the Greek-Albanian Chamber of Commerce and Industry (GACCI). The seminar focuses on crucial issues of the Albanian energy sector, such as RES, regulation of the energy market, hydrocarbons etc. Additionally, a presentation of the “SE Europe Energy Outlook 2011”, IENE’s major reference study on the regional energy situation and prospects will take place

Trans Adriatic Pipeline Signs Agreement to Identify Rightful Landowners Along the Pipeline Route in Albania

Παρ, 9 Δεκεμβρίου 2011 - 14:45

The Trans Adriatic Pipeline has signed a cooperation agreement with the Albanian Immovable Property Registration Office in Tirana. The agreement enables TAP to establish, enhance and update cadastral data (property ownership, boundaries, and usage) within TAP’s pipeline corridor in Albania.

Total Spends $800m on Novatek Stake

Παρ, 9 Δεκεμβρίου 2011 - 14:33

France’s Total has increased its stake in Novatek to 14.09% after dishing out $800 million on shares in the Russian gas producer.

EDF Signs Partnership With GE Energy For Gas Turbine

Πεμ, 8 Δεκεμβρίου 2011 - 18:33

French state-controlled utility group Electricite de France SA (EDF.FR) said Thursday it signed an agreement with GE Energy, a unit of General Electric Co (GE), to co-develop a gas turbine.

ExxonMobil's 2012 Outlook for Energy Sees Efficiency, Developing World Economic Growth and Natural Gas Reshaping Global Demand through 2040

Πεμ, 8 Δεκεμβρίου 2011 - 18:32

Demand for energy will rise through 2040 as global economic output doubles and prosperity expands across a world where population will grow to nearly 9 billion people, Exxon Mobil Corporation (NYSE:XOM) states in its The Outlook for Energy: A View to 2040, issued today.