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Iraq Resumes North Oil Exports After Weekend Halt - Shipper

Iraq Resumes North Oil Exports After Weekend Halt - Shipper

Iraqi oil exports through the northern pipeline to the Turkish port of Ceyhan are running at around 550,000 barrels a day after a weekend interruption, a Middle East shipping agent told Dow Jones Newswires Monday.

French Power Grid Calls For Consumption Moderation Amid Cold

French Power Grid Calls For Consumption Moderation Amid Cold

French power grid company Reseau de Transport d'Electricite, or RTE, Monday called on the country's local authorities to help moderate electricity consumption, which should reach a record high later in the day or Tuesday due to the unusually cold weather.

Italys Rovigo LNG Plant At Lower Capacity Due To Heavy Seas

Italy's Rovigo LNG Plant At Lower Capacity Due To Heavy Seas

Terminale GNL Adriatico Srl, which owns one of Italy's two liquefied natural gas import facilities, said Monday the terminal is running on lower volumes as ships are unable to dock due to heavy sea conditions.

Obama Says US Has Good Fix On Iranian Nuclear Program

Obama Says US Has Good Fix On Iranian Nuclear Program

President Barack Obama said the United States had a good fix on the progress of Iran's nuclear program and had long prepared a military response in the Gulf should it become necessary.

EU Energy Chief Sees Decision On Caspian Gas Supply In 2-3 Months

EU Energy Chief Sees Decision On Caspian Gas Supply In 2-3 Months

The European Union's top energy official said Monday he expects there will be "irreversible decisions" within the next few months that will open the southern corridor to deliver natural gas from the Caspian region to central Europe.

Ocean Rig UDW Inc. Announces Three Year Drilling Contract for the Leiv Eiriksson

Ocean Rig UDW Inc. Announces Three Year Drilling Contract for the Leiv Eiriksson

Ocean Rig UDW Inc, a global provider of offshore deepwater drilling services, today announced that it has signed a new drilling contract for its semisubmersible drilling rig “Leiv Eiriksson” with a consortium coordinated by Rig Management Norway for drilling on the Norwegian Continental Shelf.

Ferragamo Counts on German Module Manufacturer, Aleo

Ferragamo Counts on German Module Manufacturer, Aleo

aleo solar AG has recorded a high number of repeat-orders in Italy: aleo modules are often re-ordered to expand solar systems or in the case of new projects on the roofs of both private homes and companies as well as on other appropriate surfaces.

Rosneft Net Profit Slightly Down At $3.0 Billion

Rosneft Net Profit Slightly Down At $3.0 Billion

Russian state oil producer OAO Rosneft (ROSN.RS) Friday said fourth-quarter net profit fell 2% from last year partly due to higher taxes on the huge Vankor field and higher transportation costs, but was still supported by higher oil prices and a weaker ruble.

EU: Gas Shortage Hits Eastern Europe, Greece, Italy, Austria

EU: Gas Shortage Hits Eastern Europe, Greece, Italy, Austria

Russian natural gas supplies to Europe were curtailed for a third straight day Friday, as particularly cold winter weather increased Russia's domestic demand and hit flows to a number of European Union countries.

Weighted Average Import Price (WAIP) of Natural Gas in Greece

Weighted Average Import Price (WAIP) of Natural Gas in Greece

According to the provisions of the Ministerial Decision No Δ1/Γ/400 (Government Gazette Issue Β’ 33/19.1.2007), entitled «Determination of the procedure applied to collect and process the data required to calculate the weighed average import price of Natural Gas”, the companies importing Natural gas in the National Natural Gas System (NNGS) are required to submit to RAE, every three months, data about the quantities and prices of imported Natural Gas.

Subsidies Cut for Solar Power Producers

Subsidies Cut for Solar Power Producers

Cash-strapped Greece cut its subsidies for solar power producers on Wednesday, saying it could no longer afford to pay the current rates and that it had already licensed all the units it needs to meet its renewable energy targets.

Shell Looking At Ways To Improve US Gas Profits

Shell Looking At Ways To Improve US Gas Profits

Royal Dutch Shell PLC (RDSA) is actively looking at ways to improve the profits it gets from U.S. natural gas, including seeking land for potential liquefaction and export terminals.