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GE Says French Power Plant To Be First In Operation With New Turbine

GE Says French Power Plant To Be First In Operation With New Turbine

Πεμ, 8 Δεκεμβρίου 2011 - 18:32

General Electric Co. (GE) said Thursday that a power plant in Northern France will be the first equipped with its efficient new natural-gas turbine designed for use in conjunction with renewable energy-generation gear when it becomes operational in 2015.

Crude Below $100 As Europe Worries Top US Data

Crude Below $100 As Europe Worries Top US Data

Πεμ, 8 Δεκεμβρίου 2011 - 18:31

Crude oil futures were weaker, below $100 early Thursday, as worries over the European debt crisis obscured gains spurred by a larger-than-expected drop in new claims for U.S. jobless benefits.

US Oil Imports Have Peaked -Exxon

US Oil Imports Have Peaked -Exxon

Πεμ, 8 Δεκεμβρίου 2011 - 18:31

Exxon (XOM) predicts US oil imports have peaked and will decline steadily to 1M barrels/day by 2040 from the current 9.4M amid the American shale boom and output from the Gulf of Mexico's deepwaters.

Qatargas: May Sell More LNG To Japan After Chubu, Shizuoka Deal

Qatargas: May Sell More LNG To Japan After Chubu, Shizuoka Deal

Τετ, 7 Δεκεμβρίου 2011 - 18:42

Qatargas may supply more liquefied natural gas to Japan, the firm's top executive said Wednesday, after the state-run company signed a contract to sell 1.2 million metric tons, or about 200,000 tons a year, of the supercooled fuel to Chubu Electric Power Co. (9502.TO) and Shizuokagas Co. (9543.TO).

Iran-Iraq Electricity Line Sabotaged, Policeman Killed

Iran-Iraq Electricity Line Sabotaged, Policeman Killed

Τετ, 7 Δεκεμβρίου 2011 - 18:42

An Iraqi policeman was killed and two others were wounded during a sabotage attack on power lines in the province of Diyala, northeast of Baghdad, a government spokesman said Wednesday.

Total CEO: EU Oil Ban Wouldnt Have Major Affect On Iran

Total CEO: EU Oil Ban Wouldn't Have Major Affect On Iran

Τετ, 7 Δεκεμβρίου 2011 - 18:40

A proposed European Union ban on imports of Iranian crude oil wouldn't have a major affect on Iran because alternative markets exist for its oil, but could have a short term impact on some buyers of its oil, said Total SA (TOT) Chief Executive Christophe de Margerie Wednesday.

Saudi Arabia Pumped More Than 10 M/B/D Of Crude In Nov

Saudi Arabia Pumped More Than 10 M/B/D Of Crude In Nov

Τετ, 7 Δεκεμβρίου 2011 - 18:40

Top oil exporter Saudi Arabia pumped around 10.040 million barrels per day of crude oil last month, the highest in three decades, on higher demand and requests from customers, an oil official from the Gulf country said Wednesday.

Russia Startled by Bulgarias Scrapping of BA Oil Pipeline

Russia Startled by Bulgaria's Scrapping of BA Oil Pipeline

Τετ, 7 Δεκεμβρίου 2011 - 17:07

Russia's oil company Transneft has expressed dismay atthe decision of the Bulgarian government to kill the project for the Burgas-Alexandroupolis oil pipeline, according to its representatives.

World Heading For 3.5 C Warming Climate Durban Talks Told

World Heading For 3.5 C Warming Climate Durban Talks Told

Τρι, 6 Δεκεμβρίου 2011 - 18:49

Current pledges for curbing carbon emissions will doom the world to global warming of 3.5 degrees Celsius, massively overshooting the United Nations' target of 2 C, researchers reported at the climate talks Tuesday.

EU Shouldnt Threaten Iran Oil Ban -Senior Adviser To Qatar Emir

EU Shouldn't Threaten Iran Oil Ban -Senior Adviser To Qatar Emir

Τρι, 6 Δεκεμβρίου 2011 - 18:49

The European Union shouldn't threaten to ban imports of Iranian crude oil as part of sanctions against the country's nuclear program because it will ultimately prove damaging to the oil industry, Ibrahim Al Ibrahim, economic adviser to the Emir of Qatar, said Tuesday.

RWE Raises EUR2.1B In Crucial Capital Increase

RWE Raises EUR2.1B In Crucial Capital Increase

Τρι, 6 Δεκεμβρίου 2011 - 18:48

RWE AG (RWE.XE) said Tuesday it expects gross proceeds of around EUR2.1 billion from a capital increase it carried out in response to Germany's decision earlier this year to accelerate its planned exit from nuclear energy, hitting the company's earnings and cash flows.

High Saudi Oil Prices Seen Drawing Crude East

High Saudi Oil Prices Seen Drawing Crude East

Τρι, 6 Δεκεμβρίου 2011 - 18:48

A steep hike in oil prices for Asian buyers of Saudi Arabian crude in January could prompt more oil to flow east from the West African market and Atlantic Basin, analysts said Tuesday.

UNs Ban: Leaders Must Take Responsibility For Climate Talks

UN's Ban: Leaders Must Take Responsibility For Climate Talks

Τρι, 6 Δεκεμβρίου 2011 - 18:47

The slow pace of progress in United Nations-led climate talks is the fault of leaders distracted by domestic political crises, the United Nations' secretary-general said Tuesday, as he urged them to continue work toward a binding climate deal.