English Edition

Exxon Mobil Plans To Spend $185B To Develop Energy Sources Over 5 Yrs

Πεμ, 8 Μαρτίου 2012 - 18:17

Exxon Mobil Corp. (XOM) plans to spend roughly $185 billion over the next five years to develop new energy supplies in anticipation of growing demand.

Shell ups stake in Attiki Gas Supply Co to 49 pct

Πεμ, 8 Μαρτίου 2012 - 17:01

Royal Dutch Shell Plc increased its stake in Attiki Gas Supply Co SA to 49 percent from 24 percent, according to an e-mailed statement from Greece’s state-owned natural gas supplier DEPA SA, which kept control of 51 percent of the company.

Statoil Confirms Talks To Sell Stake In Iraqi Oil Field

Τετ, 7 Μαρτίου 2012 - 19:08

Norwegian oil giant Statoil (STO) Wednesday confirmed it is in talks to sell its stake in Iraq's supergiant West Qurna phase-2 oil field in southern Iraq to Russia's OAO Lukoil (LUKOY).

Turkey Energy Costs Could Rise To $65 Billion

Τετ, 7 Μαρτίου 2012 - 19:07

Turkey's energy costs could increase to $65 billion this year, the Turkish economy minister said Wednesday, underlining how rising oil prices could raise Turkey's current account deficit.

30% Odds Of Record Oil In 2012 -Factor Advisors

Τετ, 7 Μαρτίου 2012 - 19:07

"The recent increase in crude-oil volatility and options activity suggests that" West Texas Intermediate "could easily" top 2008's record $145.29/barrel by year's end, says asset-management firm Factor Advisors.

Colombia Feb Oil Output 896,000 Bbls/Day; Lowest Since Sep

Τετ, 7 Μαρτίου 2012 - 19:06

Colombia's struggle to reach the crude-oil production milestone of one million barrels a day took another step backward Wednesday as the government said output averaged 896,000 barrels a day last month, the lowest level since September.

Israeli Attack Would Only Delay Iran's Nuclear Plans - Expert

Τετ, 7 Μαρτίου 2012 - 19:06

An Israeli attack on Iran's nuclear facilities would only set back Tehran's programme by a couple of years, the head of a respected London-based think-tank said Wednesday.

Greece Names Guggenheim to Advise on $26 bln Solar Project

Τετ, 7 Μαρτίου 2012 - 17:12

The Greek government appointed Guggenheim Partners LLC to act as financial adviser on the 20 billion euro ($26 billion) Helios solar project it’s considering to help boost income from renewable energy.

Bulgarian Gas Prices Will Increase by an Estimated 7-8% from April

Τετ, 7 Μαρτίου 2012 - 14:49

Gas prices and central heating tariffs will increase by an estimated 7-8% from April, according to Angel Semerdzhiev, Chair of the State Energy and Water Regulatory Commission (DKEVR).

Enel Green Power Net Profit Down On Tax; CEO Sees Robust Growth

Τρι, 6 Μαρτίου 2012 - 18:58

Enel Green Power SpA (EGPW.MI), one of the world's biggest renewables companies, Tuesday said its 2011 net profit fell 9.7% from a year earlier due to a higher tax on energy firms, adding it expects strong growth in coming years.

Saudi Aramco Says Committed To Petro Rabigh Plant Expansion

Τρι, 6 Μαρτίου 2012 - 18:58

State-owned Saudi Arabian Oil Co., or Saudi Aramco, remains "very much committed" to the expansion of Rabigh Refining & Petrochemical Co.'s plant, despite delays, a senior company executive said Tuesday.

Exxon Asks Iraq For More Time To Decide On Kurdish Deal

Τρι, 6 Μαρτίου 2012 - 18:57

Exxon Mobil Corp. (XOM) has asked the Iraqi central government to give it "few more days" to decide whether or not it will cancel an exploration deal with Iraqi Kurdistan, a deal which Baghdad strongly opposes, a spokesman for Iraq's Deputy Prime Minister for Energy Hussein al-Shahristani said Tuesday.

Total Executive: Ample Oil, Gas Resources Remain Unexploited

Τρι, 6 Μαρτίου 2012 - 18:57

Total S.A.'s (TOT) head of exploration Yves-Louis Darricarrere said Tuesday that there is plenty of oil and gas in the ground but also lots of obstacles to extract enough of it to meet growing global needs.