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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.

Iran 2012 Oil Export To Fall 0.85M B/D -StanChart

Τρι, 6 Μαρτίου 2012 - 18:56

Oil exports from Iran will fall by 0.85 million barrels a day in 2012 as Europe and Asia curtail imports to pressure the country over its nuclear program, says Standard Chartered.

BP Expands Brazil Exploration Footprint

Τρι, 6 Μαρτίου 2012 - 18:56

BP PLC (BP) said Tuesday it has bought stakes in four deepwater oil-and-gas exploration areas off Brazil's northeastern coast that geologists believe may hold similar reserves to those found in West Africa.

Block 12 Estimate Lowered to 5.1 trillion cubic feet

Τρι, 6 Μαρτίου 2012 - 13:42

A new estimate for the natural gas reserves at Cyprus's Block 12 concession, owned byNoble Energy Inc.(NYSE:NBL) and Yitzhak Tshuva-controlledDelek Group Ltd.(TASE:DLEKG), is considerably less than the previous estimate.

Iraq Says Oil Output Tops 3 Million Barrels A Day

Δευ, 5 Μαρτίου 2012 - 19:04

Iraq's oil production is now over 3 million barrels per day, the country's deputy prime minister for energy affairs said in Baghdad Monday.

Saudi Oil Exports Hike Doesn't Indicate Output Rise-Officials

Δευ, 5 Μαρτίου 2012 - 19:03

Saudi Arabia's crude oil output was 9.8 million barrels per day in February steady with January and is seen continuing at current levels despite recent efforts by some countries to switch to crude from the kingdom ahead of stifling sanctions on Iran and its exports later this year.

Glencore CEO Says He Must Convince Xstrata Shareholders

Δευ, 5 Μαρτίου 2012 - 19:03

The chief executive of commodity giant Glencore International PLC (GLEN.LN) said the share swap ratio in its proposed merger of equals with Xstrata PLC (XTA.LN) is fair, and that his job now is to convince Xstrata's shareholders why the deal makes sense at the current valuation.

Oil At $150/Bbl Seen Triggering US Recession

Δευ, 5 Μαρτίου 2012 - 19:02

Tensions in the Middle East mean the risk to the oil price is on the upside, and if US crude benchmark WTI rises as high as $150 a barrel it could push the country back into recession, says Standard Chartered.