English Edition

Novatek 4Q Gas Output Up 33.4% At 14.53 BCM

Πεμ, 12 Ιανουαρίου 2012 - 18:45

Russian independent natural gas producer OAO Novatek (NVTK.RS) said Thursday its gas production in the fourth quarter increased by a third compared with the same period of 2010, while the 2011 full-year gas production was up 41.7% from 2010.

Japan Tells Geithner It Will Reduce Iranian Crude Imports

Πεμ, 12 Ιανουαρίου 2012 - 18:45

Japan's finance minister told visiting U.S. Treasury Secretary Timothy Geithner Thursday that his country will take steps to reduce its dependency on oil imports from Iran, taking a much more conciliatory approach to the matter than China did a few days ago.

Germany's Solar Energy Industry To Continue Rapid Advance - Association

Πεμ, 12 Ιανουαρίου 2012 - 18:44

Solar energy will continue its rapid expansion in Germany in the next four years, but the resulting increase in power prices will only be marginal as subsidies and component prices are set to decline further, the country's solar energy association said Thursday.

Saudi Oil Minister, US's Cantor Discuss Oil Market Stability

Τετ, 11 Ιανουαρίου 2012 - 18:51

Saudi Arabia's Oil Minister Ali al-Naimi met Wednesday with U.S. House Majority Leader Eric Cantor (R., Va.) to discuss co-operation between oil producers and consumers to stabilize crude markets.

Greece To Start Sale Of Refiner Stake By End April

Τετ, 11 Ιανουαρίου 2012 - 18:50

Greece plans to move ahead with the sale of its stake in refiner Hellenic Petroleum SA (ELPE.AT) by the end of April and will start talks with creditors on setting this year's privatizations target.

High Saudi Oil Output Adds Market Risk - Goldman

Τετ, 11 Ιανουαρίου 2012 - 18:50

The currently high level of Saudi oil production leaves the oil market more vulnerable to supply disruptions elsewhere, according to Goldman Sachs.

Siemens Gets $1B Saudi Power Plant Order

Τετ, 11 Ιανουαρίου 2012 - 18:49

German industrial conglomerate Siemens AG (SIE.XE) has secured an order for a power plant project in Saudi Arabia with a volume of more than $1 billion, the company said Wednesday.

Ecuador's Petroamazonas Sees 160,000 B/D Oil Production In 2012

Τετ, 11 Ιανουαρίου 2012 - 18:49

Ecuador's state-run company, Petroamazonas, expects to increase its oil production 3% to about 160,000 barrels per day in 2012, the company general manager, Oswaldo Madrid said Wednesday.

EDF Prices EUR2 Billion 2022 3.875% Bond 98.986

Τετ, 11 Ιανουαρίου 2012 - 18:48

French energy company Electricite de France SA (EDF.FR) has priced its EUR2 billion, 10-year bond, at 168.6 basis points over midswaps, one of the banks running the deal said Wednesday.

Risk Of Saudi-Iran Conflict Over Oil -Petromatrix

Τρι, 10 Ιανουαρίου 2012 - 18:22

The standoff between Iran and the West over the country's nuclear program risks dragging in Saudi Arabia, says Petromatrix analyst Olivier Jakob.

TEPCO To Deposit Y120B Amid Lack Of Nuclear Plant Insurance

Τρι, 10 Ιανουαρίου 2012 - 18:22

Tokyo Electric Power Co. (9501.TO) has decided to deposit Y120 billion with the government in place of insurance coverage, after finding it difficult to extend an insurance contract to cover the crippled Fukushima Daiichi nuclear power plant, sources close to the government said Tuesday, Kyodo News reported.

OMV Unit OMV Petrom Fined EUR85.2M By Romanian Anti-Trust Body

Τρι, 10 Ιανουαρίου 2012 - 18:22

Romanian companies OMV Petrom SA (SNP.RO), of which the Austrian oil and gas company OMV AG (OMV.VI) owns 51.01%, and OMV Petrom Marketing SRL, a 100% subsidiary of OMV Petrom, were fined a total of EUR117.1 million by the Romanian Competition Council, OMV AG said Tuesday.

RWE Renewables Unit Mulls Photovoltaic Solar Power Investment

Τρι, 10 Ιανουαρίου 2012 - 18:21

German utility RWE AG (RWE.XE) said Tuesday it is considering electricity production from photovoltaic solar facilities, after a sharp drop in component prices in the past few years helped improve the economics of the nascent technology.