English Edition

Serbia Expects Normalisation of Energy Supplies on Monday

Τετ, 15 Φεβρουαρίου 2012 - 13:37

Member of Serbia's Working group for monitoring the situation regarding the security of energy supply in the 2011/2012 heating season Petar Skundric said that normalisation of the situation in energy supplies is expected on Monday, and called on citizens to continue to save electricity.

Israeli Cos Likely to Bid in New Cypriot Gas Tenders

Τετ, 15 Φεβρουαρίου 2012 - 13:35

Israeli companies will likely participate in the new Cypriot gas tenders. The Cypriot government has published tenders for 12 offshore blocks in its exclusive economic zone.

South Stream Investment Decision Due in November

Τετ, 15 Φεβρουαρίου 2012 - 13:12

Russian energy giant Gazprom will make a final investment decision on the South Stream gas pipeline project intended to carry natural gas to Europe, bypassing transit countries, in November this year, Gazprom said on Wednesday.

BP Loses Bid To Dismiss Investor Fraud Claims Over Gulf Spill

Τρι, 14 Φεβρουαρίου 2012 - 18:48

BP PLC (BP) lost a court bid to dismiss investors' fraud claims over the 2010 Gulf of Mexico oil spill, Bloomberg News reported Tuesday.

Quake Hits Eastern Japan, Nuclear Plant Stable

Τρι, 14 Φεβρουαρίου 2012 - 18:48

A powerful earthquake rocked eastern Japan Tuesday, but no tsunami warning was issued and no damage was reported at the crippled Fukushima nuclear plant.

Iran Oil Minister In China Amid Pricing Dispute

Τρι, 14 Φεβρουαρίου 2012 - 18:48

Iran's Oil Minister Rostam Ghasemi is currently in China, an Iranian oil official said Tuesday, amid an oil-pricing dispute that has led to a sharp drop in Beijing's crude imports from the Islamic Republic.

Lukoil To Spend $29B In North Caspian By 2025

Τρι, 14 Φεβρουαρίου 2012 - 18:47

Russia's biggest independent oil producer OAO Lukoil Holdings (LKOH.RS) plans to invest $29 billion until 2025 to develop hydrocarbons in the North Caspian region, the Interfax news agency reports Tuesday citing Lukoil Chief Executive Vagit Alekperov.

Iran To Unveil Nuclear Achievements Wednesday

Τρι, 14 Φεβρουαρίου 2012 - 18:47

Iranian President Mahmoud Ahmadinejad is to unveil several unspecified nuclear "achievements" on Wednesday, his government's website said.

Iraq Aims To Boost Northern Oil Output To 1 Million Barrels A Day-Executives

Τρι, 14 Φεβρουαρίου 2012 - 18:46

Iraq aims to increase oil production from various fields to more than 1 million barrels per day by the end of 2014, executives from the Northern Oil Co told AFP.

Cyprus Launches Gas Licensing Round for 12 Offshore Blocks

Τρι, 14 Φεβρουαρίου 2012 - 16:33

Cyprus has opened a second hydrocarbons licensing round, buoyed by natural gas discoveries off its own shores and rich finds in waters off neighbouring Israel.

GE-Powered Plant to Help Turkey Meet Growing Electricity Demand

Τρι, 14 Φεβρουαρίου 2012 - 14:41

Reinforcing its position as a major supplier to Turkey's growing private power sector, GE (NYSE: GE) has secured contracts to supply equipment and services for a new gas-fired power plant in the Erzin district of southern Turkey.

South Korea Oil Refiners' 2011 Exports Up 64%; Profits Jump -Yonhap

Δευ, 13 Φεβρουαρίου 2012 - 18:23

South Korea's four oil refining companies saw the combined value of their exports of refined products and petrochemicals rise by 64% in 2011, to $47.9 billion, Yonhap news agency reported Monday, citing data from the companies.

Sinopec To Invest CNY53 Bln In Xinjiang To Boost Oil, Gas Output -Report

Δευ, 13 Φεβρουαρίου 2012 - 18:22

China Petrochemical Corp., known as Sinopec Group, plans to invest CNY53 billion ($8.41 billion) in Xinjiang province by 2015 to boost production of crude oil, natural gas and refining capacity, Xinjiang news agency Tianshannet reported, without citing sources.