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Russia Ready To Build New Reactors In Iran

Πεμ, 10 Νοεμβρίου 2011 - 17:17

Russia is ready to build more nuclear reactors in Iran, its nuclear chief Sergei Kiriyenko said Thursday, despite renewed fears that Tehran is seeking to produce nuclear weapons.

Repsol Net Profit Up Despite 18.2% Drop In Petroleum Output

Πεμ, 10 Νοεμβρίου 2011 - 17:17

Higher oil and gas prices helped boost Repsol YPF SA's (REP.MC) third-quarter net income, even as the company reported a steep drop in oil and gas production compared with last year.

EU Says Russia Is Using Energy As Diplomacy Weapon

Πεμ, 10 Νοεμβρίου 2011 - 17:16

Russia is using its natural gas as a "weapon" in international relations, the European Union's energy chief said Thursday, underscoring again how energy relations between the two are becoming increasingly tense.

Libya Accelerates Oil Output

Πεμ, 10 Νοεμβρίου 2011 - 17:16

Libya's oil production is coming back online faster than expected and should reach 700,000 barrels a day by the end of the year, the country's interim Oil Minister Ali Tarhouni said Thursday, confirming estimates also announced by the International Energy Agency.

Noble Energy Finds Natural Gas in Cyprus

Πεμ, 10 Νοεμβρίου 2011 - 14:14

Noble Energy reported today the discovery of natural gas in its Aphrodite well in Cyprus’s exclusive economic zone. According to the company, the first data from the well show that the size of the field could be 30-40% bigger than previously calculated. Although the drill hasn’t yet reached the depth of the gas field itself, Noble and the Cypriot government are very optimistic and satisfied with the progress so far.

Greece to Explore Use of Potential Shale Natural Gas Deposits

Πεμ, 10 Νοεμβρίου 2011 - 09:03

Greece asked the country’s Institute of Geology and Mineral Exploitation to prepare a study on exploiting possible shale gas supplies.

Vestas Abandons 2015 Targets After Swinging To Loss

Τετ, 9 Νοεμβρίου 2011 - 18:28

Danish Vestas Wind Systems A/S (VWS.KO) Wednesday announced its 2015 targets will be abandoned as the wind turbines maker posted a third quarter net loss, and said it will cut costs and downsize its work force to counter difficult market conditions.

Russia Won't Support New Sanctions Against Iran

Τετ, 9 Νοεμβρίου 2011 - 18:27

Russia Wednesday ruled out backing new sanctions against Iran despite the publication of a tough United Nations report on the Islamic state's suspected nuclear weapons program.

Gazprom Budgets 25% Of 2012 Net Profit In Dividends

Τετ, 9 Νοεμβρίου 2011 - 18:27

Russian state gas firm OAO Gazprom (GAZP.RS) has budgeted paying 25% of its 2012 net profit in dividends, Deputy Chief Executive Andrei Kruglov said Wednesday.

IEA: Dangerous Climate Change Set To Be Locked In By 2017

Τετ, 9 Νοεμβρίου 2011 - 18:26

Dangerous climate change will be "locked in" within little more than five years and there are few reasons to hope of international action to stop this happening, said the International Energy Agency Wednesday.

EIA: 4Q World Oil Use Seen Up 1% At 89.42M B/D

Τετ, 9 Νοεμβρίου 2011 - 18:26

World oil use will climb by 1%, or 890,000 barrels a day, from a year earlier in the current quarter, to 89.42 million barrels a day, a U.S. government forecast released Tuesday projected.

Saudi To Maintain Crude Supply To Europe In Dec

Τετ, 9 Νοεμβρίου 2011 - 18:25

State-owned Saudi Arabian Oil Co., or Saudi Aramco, has told lifters in Europe that it will deliver the contracted volumes in December under its long-term contracts, trade sources said.

Gazprom: EU Wrong To Assume Company Behaves Anticompetitively

Τρι, 8 Νοεμβρίου 2011 - 17:04

Gazprom OAO (GAZP.RS) said Tuesday it was surprised by raids carried out by European Union authorities in September, and said that it believes allegations of anticompetitive behavior against the Russian natural gas monopoly will prove unfounded.

OPEC: Global Refining Surplus Could Reach 10MB/D By 2015

Τρι, 8 Νοεμβρίου 2011 - 17:03

Global refining surplus could reach 10 million barrels a day by 2015 unless some refining capacity is closed, likely depressing refining margins, the Organization of Petroleum Exporting Countries said in its 2011 World Oil Outlook Tuesday.

OPEC Needs To Invest $30B/Yr Medium Term; To Up Spare Capacity By 4M B/D

Τρι, 8 Νοεμβρίου 2011 - 17:03

The Organization of Petroleum Exporting Countries will need to invest $30 billion a year to increase production capacity and expects to boost its available spare output by about 4 million barrels a day, the group said Tuesday in its annual World Energy Outlook.

Gazprom, Danish Dong Energy Mull Two 2 Joint Projects

Τρι, 8 Νοεμβρίου 2011 - 17:02

Russia's state-controlled natural gas monopoly OAO Gazprom (GAZP.RS) and Danish state-owned energy company Dong Energy A/S are considering two joint energy projects, Gazprom Deputy Chief Executive Alexander Medvedev said, Interfax reported Tuesday.