English Edition

Shell To Spend Nearly C$1B On Oil Exploration Offshore Nova Scotia

Παρ, 20 Ιανουαρίου 2012 - 18:43

Royal Dutch Shell PLC (RDSA) said Friday it will spend nearly C$1 billion on deepwater oil exploration off the coast of Nova Scotia.

Cyprus, Israel may Ponder Linking Power Grids

Παρ, 20 Ιανουαρίου 2012 - 16:09

Israel and Cyprus may consider linking their power grids, according to the head of the Cyprus Energy Regulatory Authority.

Greeks Remains to Be Convinced on Iran Sanctions Package

Παρ, 20 Ιανουαρίου 2012 - 15:20

Resolution of Greek concerns remains the stumbling block to EU sanctions against the import of Iranian crude, commencing 1 July, being agreed by foreign ministers on 23 January.

Gas Use Breaks Record in Turkey

Πεμ, 19 Ιανουαρίου 2012 - 16:49

Due to the unseasonably chilly winter weather, Turkey broke a natural gas consumption record on Jan. 16, consuming 178 million cubic meters of natural gas.

Cyprus LNG and Possible Markets

Πεμ, 19 Ιανουαρίου 2012 - 12:11

Cyprus has natural gas that can export and together with Israel they reach a critical quantity that allows them to consider building a common LNG liquefaction plant. Taking the assumption that they would not choose the pipeline option, we will look the LNG alternative as of its economic feasibility.

Iraq To Up Export Capacity By 900,000 B/D In Few Days-Oil Minister

Τετ, 18 Ιανουαρίου 2012 - 18:43

Iraq will be able to raise its oil export capacity from southern terminals by 900,000 barrels a day when a new single point moorings, or SPM, is tested in a few days time, the country's oil minister said Wednesday.

GDF Suez CEO Says Interested In E.ON's Gas Grid Business

Τετ, 18 Ιανουαρίου 2012 - 18:43

GDF Suez SA (GSZ.FR) said Wednesday it is considering an acquisition of the natural gas transmission grid that German competitor E.ON AG (EOAN.XE) has put on the block, the French energy giant's chief executive said Wednesday.

GDF Suez: Extension Of 3 Oldest Belgian Nuclear Plants Would Cost EUR1B

Τετ, 18 Ιανουαρίου 2012 - 18:43

French utility GDF Suez SA (GSZ.FR) expects an extension of the operating lives of its three oldest nuclear reactors in Belgium to cost the company EUR1 billion, the company's chief executive said Wednesday.

Bulgarian Parliament Bans Shale Gas Exploration

Τετ, 18 Ιανουαρίου 2012 - 18:42

Bulgarian lawmakers slapped a ban Wednesday on shale gas exploration and production, bowing to strong public pressure over environmental concerns.

Iberdrola To Price EUR400M Tap Of 2016 Bond At Swaps +2.98

Τετ, 18 Ιανουαρίου 2012 - 18:42

Spanish utility Iberdrola (IBDRY) is to price a EUR400 million tap of its EUR600 million bond maturing January 2016, one of the banks running the deal said Wednesday.

Eni Says It Is Awarded New Barents Sea Exploration License

Τετ, 18 Ιανουαρίου 2012 - 18:41

Eni SpA (E), Italy's biggest energy company by market value, said Wednesday it was awarded a new exploration license in the Barents Sea by Norway, as it seeks to expand in the hydrocarbon-rich region.

Abu Dhabi, China Seek Improved Upstream Ties

Τετ, 18 Ιανουαρίου 2012 - 13:43

Abu Dhabi has signed an agreement with China to develop greater upstream co-operation during Chinese premier Wen Jiabao's visit to the Mideast Gulf producer.

Strike Costs Bulgaria's Maritsa East Mines up to 1.53 Mln Euro Daily

Τετ, 18 Ιανουαρίου 2012 - 12:35

Bulgaria's largest coal mining complex Maritsa East incurs daily losses of between 2.0 and 3.0 million levs ($1.3-1.96 million/1.02-1.53 million euro) from an ongoing workers' strike.

OIL FUTURES: Crude Above $100/Bbl On Brisk China 4Q Growth

Τρι, 17 Ιανουαρίου 2012 - 18:57

Oil futures jumped back above $100 a barrel Tuesday, lifted by better-than-expected economic growth in China that boosted expectations for higher crude demand.

IAEA Delegation To Visit Iran January 29-31: Iran Envoy

Τρι, 17 Ιανουαρίου 2012 - 18:56

A high-level IAEA delegation is to visit Iran January 29-31 to discuss issues it has over Tehran's nuclear program, Iran's envoy to the U.N. atomic watchdog said Tuesday according to the Fars news agency.

EU Policy Can Be Met With Nabucco Or Other Pipeline Options-Spokeswoman

Τρι, 17 Ιανουαρίου 2012 - 18:56

The European Union's aim of importing gas from the Caspian region to diversify its natural gas supplies can be met with the Nabucco pipeline or with other leading pipeline options, provided that they comply with two conditions, a spokeswoman for the EU said Tuesday.