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Pipeline Delay Sustains Brent-WTI Spread -Barclays

Τρι, 8 Νοεμβρίου 2011 - 17:02

Delay in government approval of TransCanada's (TRP) Keystone pipeline will keep US and global oil markets from reconnecting through 2013, Barclays says. Europe's Brent crude and US WTI traded within $1.00/barrel of each other until this year, when a US supply glut sent Brent to a $28 premium.

Enel Green Power Net Profit Falls To EUR63 Mln

Τρι, 8 Νοεμβρίου 2011 - 17:02

Italy's Enel Green Power SpA (EGPW.MI), a renewable energy company, said Tuesday its third-quarter net profit fell 36.4% compared with the same period a year ago due to the so-called "Robin Hood" austerity tax, as well as charges for debt restructuring.

Gas Authority Head: Israel's Proven Reserves to Triple

Τρι, 8 Νοεμβρίου 2011 - 16:42

"Israel's potential gas discoveries stand at 1,000 billion cubic meters (BCM)," Ministry of National Infrastructures, Israel Natural Gas Authority director general Yehosua (Shuki) Stern said today.

IEA Economist: ‘We Have to Leave Oil Before it Leaves Us’

Τρι, 8 Νοεμβρίου 2011 - 16:41

The International Energy Agency (IEA)’s annual World Energy Outlook, due for publication on 9 November, will contain alarming research that the world is on track for a catastrophic rise in global temperatures unless fossil fuel subsidies are cut, energy efficiency is improved, and more countries introduce some form of carbon pricing.

Azerbaijan Ready to Export Gas to Iran - SOCAR President

Τρι, 8 Νοεμβρίου 2011 - 16:40

Azerbaijan is ready to export gas to Iran, president of the State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev said.

China May Revise OffShore Oil Rules After Bohai Spill

Δευ, 7 Νοεμβρίου 2011 - 18:49

China may revise regulations concerning joint offshore oil exploration with foreign companies after several June oil spills at the Penglai 19-3 oil field, the local China Daily newspaper reported Monday, quoting an unnamed person familiar with the matter.

Saudi Aramco To Maintain Term Crude Volumes To Asia In December

Δευ, 7 Νοεμβρίου 2011 - 18:48

State-owned Saudi Arabian Oil Co., or Saudi Aramco (SOI.YY) , will maintain full contracted volumes to Asian refiners in December, traders said Monday.

Russia Says Strike On Iran Very Serious Mistake

Δευ, 7 Νοεμβρίου 2011 - 18:48

Russia warned on Monday that a possible military strike against Iran would be a "very serious mistake" that leads to further conflict and civilian casualties.

France Must Invest EUR322 Bln In Energy By 2030

Δευ, 7 Νοεμβρίου 2011 - 18:48

France needs to invest EUR322 billion in its power generation and distribution means over the next 20 years, an amount that would increase to EUR382 billion to include developing other energy sources if the nuclear share in its energy mix was cut to 50% by 2030 from around 75% at present, according to a study the French energy industry association released Monday.

Yingli Green Trims 3Q, Full-Year Shipments Forecast

Δευ, 7 Νοεμβρίου 2011 - 18:47

Yingli Green Energy Holding Co. (YGE) trimmed its full-year and third-quarter forecast for solar-panel shipments, making it the latest in a string of Chinese solar-products makers to rein in expectations amid depressed demand and oversupply.

Crude Hits 3-Month High, Breaking $95 A Barrel

Δευ, 7 Νοεμβρίου 2011 - 18:47

Oil futures prices extended their climb in early trading Monday, with Nymex futures rising above $95 a barrel for the first time since Aug. 2 as crude's one-month bull run kept up momentum.

ECB’s Double Standards

Δευ, 7 Νοεμβρίου 2011 - 17:50

Although details about the eurozone deal on Greek debt remain unclear, it looks certain that the haircut will neither include EU/IMF loans nor some 62 billion euros worth of Greek bonds purchased by the European Central Bank (ECB) at a lower price on the secondary market.

The Expansion of PV Module, Cell and Wafer Manufacturing Capacity Will Slow Dramatically

Δευ, 7 Νοεμβρίου 2011 - 15:11

The expansion of PV module, cell and wafer manufacturing capacity will slow dramatically throughout the rest of 2011 and the first half of 2012 according to the latest quarterly report from IMS Research. Production capacity has been added at a frantic pace for the last two years and almost 30 GW of capacity has been added since the start of 2010, but expansions have finally slowed in response to slowing demand in many key regions and a severe oversupply of PV products, revealed the market research firm.

Why Bother Going to 30%? Fatih Birol Surely Knows the Answer

Δευ, 7 Νοεμβρίου 2011 - 15:09

More investments in energy efficiency and low-carbon technologies, more jobs, better health, some regained climate leadership on a global level and an increased chance of keeping global temperature rises below 2°C by the end of the century are among the reasons why the EU should adopt a target of reducing its greenhouse gas emissions by 30% by 2020, writes Stephen Boucher, programme director for EU climate policies, in an exclusive commentary for EurActiv to mark the beginning of the Cancún climate negotiations.

BP’s $7.1 Billion Argentine Oil Sale Scrapped

Δευ, 7 Νοεμβρίου 2011 - 15:08

Cnooc Ltd. (883)’s deal to buy BP Plc (BP/)’s $7.1 billion stake in Argentine crude producer Pan American Energy LLC collapsed, 10 days after Argentina’s president ordered oil companies to repatriate export revenue.

Russian Scientist May be Key to Iranian Nuclear Weapons

Δευ, 7 Νοεμβρίου 2011 - 15:07

A Russian nuclear physicist could have played a key role in helping Iran to come close to developing nuclear weapons, the Washington Post said on Monday.