English Edition

BP's Troubles Far From Over

Παρ, 11 Νοεμβρίου 2011 - 19:07

A week that began inauspiciously for BP after the collapse of its deal to sell its stake in Argentina's Pan-American Energy has ended somewhat more positively for the U.K. oil giant on news that a Siberian court has found in its favor and dismissed two cases brought against it by a minority shareholder in its Russian joint venture.

ExxonMobil May Lose Other Iraq Oil Contract On Kurdish Deal

Παρ, 11 Νοεμβρίου 2011 - 19:07

The Iraqi government said Friday that Exxon Mobil Corp. (XOM) could lose its current contract to redevelop the giant West Qurna oil field if it proceeds with an agreement to explore for oil in the Kurdish region of the country.

Eni CEO Sees $50 Bln Mozambique Gas Investment

Παρ, 11 Νοεμβρίου 2011 - 19:07

Italian oil and gas company Eni SpA (E) will invest $50 billion developing its huge Mozambique natural gas discovery with a view to exporting the gas to Asian markets, its Chief Executive Paolo Scaroni said in an interview Friday after a visit to East Africa.

SOCAR to Build New Oil and Gas Producing Complex

Παρ, 11 Νοεμβρίου 2011 - 15:31

Azerbaijan’s demands for gas processing are growing every year, which causes the need for construction of a new processing enterprise.

Putin is Using Gas Politics as a Weapon - Oettinger

Παρ, 11 Νοεμβρίου 2011 - 15:30

EU energy commissioner Gunther Oettinger sharply criticised Russian prime minister Vladimir Putin for using energy to play power politics and called on European leaders to adopt a tougher common position in negotiations with Moscow.

Russia Ready To Build New Reactors In Iran

Πεμ, 10 Νοεμβρίου 2011 - 17:17

Russia is ready to build more nuclear reactors in Iran, its nuclear chief Sergei Kiriyenko said Thursday, despite renewed fears that Tehran is seeking to produce nuclear weapons.

Repsol Net Profit Up Despite 18.2% Drop In Petroleum Output

Πεμ, 10 Νοεμβρίου 2011 - 17:17

Higher oil and gas prices helped boost Repsol YPF SA's (REP.MC) third-quarter net income, even as the company reported a steep drop in oil and gas production compared with last year.

EU Says Russia Is Using Energy As Diplomacy Weapon

Πεμ, 10 Νοεμβρίου 2011 - 17:16

Russia is using its natural gas as a "weapon" in international relations, the European Union's energy chief said Thursday, underscoring again how energy relations between the two are becoming increasingly tense.

Libya Accelerates Oil Output

Πεμ, 10 Νοεμβρίου 2011 - 17:16

Libya's oil production is coming back online faster than expected and should reach 700,000 barrels a day by the end of the year, the country's interim Oil Minister Ali Tarhouni said Thursday, confirming estimates also announced by the International Energy Agency.

Noble Energy Finds Natural Gas in Cyprus

Πεμ, 10 Νοεμβρίου 2011 - 14:14

Noble Energy reported today the discovery of natural gas in its Aphrodite well in Cyprus’s exclusive economic zone. According to the company, the first data from the well show that the size of the field could be 30-40% bigger than previously calculated. Although the drill hasn’t yet reached the depth of the gas field itself, Noble and the Cypriot government are very optimistic and satisfied with the progress so far.

Greece to Explore Use of Potential Shale Natural Gas Deposits

Πεμ, 10 Νοεμβρίου 2011 - 09:03

Greece asked the country’s Institute of Geology and Mineral Exploitation to prepare a study on exploiting possible shale gas supplies.

Vestas Abandons 2015 Targets After Swinging To Loss

Τετ, 9 Νοεμβρίου 2011 - 18:28

Danish Vestas Wind Systems A/S (VWS.KO) Wednesday announced its 2015 targets will be abandoned as the wind turbines maker posted a third quarter net loss, and said it will cut costs and downsize its work force to counter difficult market conditions.

Russia Won't Support New Sanctions Against Iran

Τετ, 9 Νοεμβρίου 2011 - 18:27

Russia Wednesday ruled out backing new sanctions against Iran despite the publication of a tough United Nations report on the Islamic state's suspected nuclear weapons program.