English Edition

EDF CFO: Investment Plans Unchanged From July 2011

Τετ, 4 Ιανουαρίου 2012 - 18:33

French state-controlled power giant Electricite de France SA's (EDF.FR) initial investment plans remain unchanged, its Chief Financial Officer Thomas Piquemal said Wednesday, despite it facing extra costs from additional measures required by France's nuclear safety watchdog.

Saudi Aramco Cuts Oil Prices For Asia, Europe In Feb

Τετ, 4 Ιανουαρίου 2012 - 18:33

State-owned Saudi Arabian Oil Co., or Aramco, Wednesday cut most of its official selling prices for February term supply of crude oil, in line with traders' expectations.

EU Agrees In Principle On Oil Embargo On Iran - EU Diplomats

Τετ, 4 Ιανουαρίου 2012 - 18:32

European Union member states are agreed in principle to press ahead with an oil embargo on Iran but there are significant differences still over details of the plan, including the timing for implementing the plan, EU diplomats said Wednesday.

Qatar Says Could Invest In Egyptian Energy Projects - QNA

Τετ, 4 Ιανουαρίου 2012 - 18:32

State-run Qatar Petroleum could invest in energy projects in Egypt, the Gulf state's Energy Minister Mohammed Bin Saleh Al Sada said in remarks carried by the Qatar News Agency.

Israel: Electricity Rates to Rise 9% in February

Τρι, 3 Ιανουαρίου 2012 - 18:10

Electricity rates will rise by nearly 9% in February, under a deal reached between Israel Electric Corporation (IEC) CEO Eli Glickman and Ministry of Finance officials today. The Public Utilities Authority (Electricity) still has to approve the rate hike.

SSE Now Has Over One Gigawatt Of Onshore Wind Farm Capacity

Τρι, 3 Ιανουαρίου 2012 - 18:09

SSE PLC (SSE.LN), the supplier of gas and electricity, Tuesday said that continuing progress in the construction of its large capital projects means that SSE now has over one gigawatt or one thousand megawatts of onshore wind farm capacity in operation for the first time.

Belgium's Oldest Nuclear Reactors Can Run To 2025 - GDF Suez

Τρι, 3 Ιανουαρίου 2012 - 18:08

Belgium's oldest nuclear reactors can operate safely until 2025, after some improvement and upgrades are undertaken, GDF Suez (GSZ.FR), the French utility that owns the plants, said in a report to the country's nuclear regulator.

French Energy Min: To Meet Jan.9 With French Nuclear Operators

Τρι, 3 Ιανουαρίου 2012 - 18:08

French energy minister Eric Besson will meet Jan. 9 with the heads of French nuclear groups to discuss how to implement the additional safety measures recommended by France's nuclear safety watchdog Autorite de Surete Nucleaire Tuesday, his office said.

Total Signs $2.3 Billion Shale Deal With Chesapeake

Τρι, 3 Ιανουαρίου 2012 - 13:54

Oil major Total SA signed a $2.3 billion deal with Chesapeake Energy Corp and EnerVest, continuing a trend of European and Asian oil and gas companies buying into U.S. shale plays.

Saudi Arabia Expects Budget Surplus in 2012

Τρι, 3 Ιανουαρίου 2012 - 13:52

Saudi Arabia forecasts a budget surplus of 12bn Saudi riyals ($3.2bn) for the next fiscal year, despite announcing record government spending of 690bn riyals.

Syria Activists Heap Criticism On Arab Monitors

Δευ, 2 Ιανουαρίου 2012 - 18:35

Activists piled pressure Monday on Arab monitors to do more to prevent Syrian forces pursuing their brutal crackdown against pro-democracy protesters, amid fresh criticism of the observer mission. The Arab League insisted however it wouldn't back down from the operation, which Damascus accepted after weeks of stalling, and said that a new batch of monitors would head to Syria Thursday to join 66 already there

Iran Missile Tests 'Very Bad Signal' To International Community

Δευ, 2 Ιανουαρίου 2012 - 18:33

France said Monday that Iran's testing of missiles near the strategic Strait of Hormuz was regrettable and reminded Tehran of the need to keep the vital oil transit waterway open. "We regret the very bad signal sent to the international community by the latest missile tests announced by Iran," foreign ministry spokesman Bernard Valero said, reminding Tehran of the "freedom of navigation in straits and the need to maintain a favorable climate in respect to this freedom."

Libya's Es-Sider Oil Port Resumes Exports

Δευ, 2 Ιανουαρίου 2012 - 18:32

Libya's largest oil port, Es-Sider, has restarted loadings, the head of the national oil company said Monday, lifting the most important hurdle standing in the way of a return to normal exports following the end of civil war. Nuri Berruien, chairman of Libya's National Oil Co., told Dow Jones Newswires a tanker had been loaded and said "there will be another one in a few days.