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London Mayor Launches GBP100M Green Energy Fund

London Mayor Launches GBP100M Green Energy Fund

Παρ, 2 Σεπτεμβρίου 2011 - 18:48

London Mayor Boris Johnson Friday launched a new energy efficiency fund that will provide GBP100 million to help local authorities, schools and hospitals in the city reduce their carbon emissions.

GDF Suez CEO: Gas Tariff Talks Looking At New Formula

GDF Suez CEO: Gas Tariff Talks Looking At New Formula

Παρ, 2 Σεπτεμβρίου 2011 - 18:46

Gerard Mestrallet, the chief executive of GDF Suez SA (GSZ.FR) said Friday the French power company is currently discussing changing the formula for setting natural gas tariffs for consumers and companies.

Halliburton Files Macondo-Related Lawsuit Against BP

Halliburton Files Macondo-Related Lawsuit Against BP

Παρ, 2 Σεπτεμβρίου 2011 - 18:45

On September 1, 2011, Halliburton (NYSE: HAL) filed claims against BP in Texas state court for negligent misrepresentation, business disparagement and defamation related to the April 20, 2010, Macondo incident. Halliburton has also moved to amend its claims against BP in the multi-district litigation in New Orleans, Louisiana, to include fraud.

Crude Oil Market Shrugs Off EU Syria Sanctions - Traders

Crude Oil Market Shrugs Off EU Syria Sanctions - Traders

Παρ, 2 Σεπτεμβρίου 2011 - 18:43

The European Union's decision Friday to ban oil exports from Syria is unlikely to significantly impact oil prices as Syrian supplies are small and the season for the products refined from the crude is nearly over, oil traders and analysts told Dow Jones Newswires.

Cyrpus Total Sales of Petroleum Products Rises 3,0% the First Seven Months

Cyrpus Total Sales of Petroleum Products Rises 3,0% the First Seven Months

Παρ, 2 Σεπτεμβρίου 2011 - 14:41

Cyprus' total sales of petroleum products in July 2011 recorded an increase of 6,2% compared to the previous month. A considerable increase was recorded in the sales of Aviation Kerosene, Gasoil, Unleaded Motor Gasoline and Gasoil Low Sulphur. On the contrary, a decrease was recorded in the sales of Heavy Fuel Oil, Light Fuel Oil and the provisions of Gasoil for Marine use. Cyprus' total stocks of petroleum products at the end of the month recorded a decrease of 1,3% compared to the previous month.

Wingas Sells 19% Stake In Nord Stream Pipeline Link To Fluxys

Wingas Sells 19% Stake In Nord Stream Pipeline Link To Fluxys

Πεμ, 1 Σεπτεμβρίου 2011 - 15:59

German natural gas importer Wingas GmbH, owned by BASF SE (BAS.XE) unit Wintershall AG and Russia's Gazprom OAO (GAZP.RS), Thursday said it sold a 19% stake in the Nord Stream connecting pipeline, the North European Pipeline, to Belgian gas transmission company Fluxys G, the parent company of Fluxys SA (FLUX.BT).

Iraq August Oil Exports +1.1% On Month At 2.189 Mln B/D

Iraq August Oil Exports +1.1% On Month At 2.189 Mln B/D

Πεμ, 1 Σεπτεμβρίου 2011 - 15:59

Iraq's oil exports in August ran at an average 2.189 million barrels a day, or 1.1% above the rate in July, the head of State Oil Marketing Organization, or SOMO, said Thursday.

Total CEO: Libya Must Restore Oil Infrastructure Soon As Possible

Total CEO: Libya Must Restore Oil Infrastructure Soon As Possible

Πεμ, 1 Σεπτεμβρίου 2011 - 15:58

French oil major Total SA's (TOT) Chairman and Chief Executive Christophe de Margerie Thursday said it was essential for world oil supplies that war-torn Libya restores its oil infrastructure as soon as possible.

Greek Gas-Fired Plants Increase Prices on New Tax

Greek Gas-Fired Plants Increase Prices on New Tax

Πεμ, 1 Σεπτεμβρίου 2011 - 12:41

Greek spot power prices have jumped following the introduction of a tax on gas consumption which affects power generators from 1 September. The system marginal price for power delivered on 1 September averaged €73.09/MWh ($105.64/MWh), compared with €55.67/MWh for the previous day, as gas-fired generators increased their prices to take account of the new tax.

Tamar Partners Near Huge Gas Deal with IEC

Tamar Partners Near Huge Gas Deal with IEC

Πεμ, 1 Σεπτεμβρίου 2011 - 12:03

Sources inform ''Globes'' thatIsrael Electric Corporation and the Tamar partners headed byNoble Energy Inc. andDelek Group Ltd. are on the verge of a multibillion dollar natural gas supply contract. The parties are finalizing the talks that began two years ago. They have agreed in principal on the price and linkage mechanism, but IEC purchases commitment is still open.

Maria van der Hoeven Begins Term as IEA Executive Director

Maria van der Hoeven Begins Term as IEA Executive Director

Πεμ, 1 Σεπτεμβρίου 2011 - 11:30

Ms. Maria van der Hoeven, former Minister of Economic Affairs of the Netherlands, took charge today as the new Executive Director of the International Energy Agency (IEA) and vowed a focus on excellence as the agency strives to address the challenges of energy security and climate change in an era of unprecedented economic uncertainty.