English Edition

Brent Premium To WTI Near Record Highs On Fresh Oil Supply Woes

Πεμ, 25 Αυγούστου 2011 - 17:05

The price gap between the world's two leading oil benchmarks returned to near record highs Thursday as fresh supply disruptions propped up European benchmark Brent crude--the marker for more than half the world's oil.

Eni CEO: Libya Oil Output Will Need 6-18 Months To Restart

Πεμ, 25 Αυγούστου 2011 - 17:05

Eni SpA (E) Chief Executive Paolo Scaroni said Thursday he expects Libyan oil output to take between six and 18 months to be restarted, and said the energy group will prioritize the restart of natural gas supplies.

Italy Will Give Libyan Rebels EUR350M Next Week

Πεμ, 25 Αυγούστου 2011 - 17:05

Italy will give Libya's rebel National Transitional Council EUR350 million next week as an advance on frozen Libyan assets, Italy's Foreign Minister Franco Frattini told AFP Thursday.

DOE: 25.08M Bbls Of US Oil-Sale Crude Delivered As Of Aug. 23

Πεμ, 25 Αυγούστου 2011 - 17:04

Some 81.9% of the 30.64 million barrels of crude oil sold from the government's emergency stockpile has been delivered as of Aug. 23, the Energy Department said.

North Korea's Kim Jong-Il Arrives In China

Πεμ, 25 Αυγούστου 2011 - 17:04

North Korean leader Kim Jong-Il arrived in China Thursday following a visit to Russia where he held a rare Siberian summit with Russian President Dmitry Medvedev, Xinhua news agency reported.

J&P Submits Low Bid for 50 MW Greek Solar Park -PPC

Πεμ, 25 Αυγούστου 2011 - 13:10

Greek construction firm J&P Avax is the frontrunner to build a 50 megawatt solar facility in southern Greece, which would be one of Europe's biggest photovoltaic parks, utility PPC said.

Romania May Auction Exploration Licenses for Six Oil and Gas Blocks in the Black Sea

Πεμ, 25 Αυγούστου 2011 - 13:06

Romania may auction exploration licenses for six oil and gas blocks in the Black Sea as early as next year after the global crisis kept investors away at previous auctions, Alexandru Patruti, head of the country's Mineral Resources Agency told press agency Bloomberg.

PetroChina Profit Misses Estimates as Crude Rises Faster Than Fuel Prices

Πεμ, 25 Αυγούστου 2011 - 13:06

PetroChina Co.,Asia’s biggest company by market value, posted a first-half profit that missed analysts’ estimates after increases in state-controlled fuel prices lagged behind gains in crude oil costs.

Libya Rebels Offer $1.65M For Gadhafi-Dead Or Alive

Τετ, 24 Αυγούστου 2011 - 18:07

Moammar Gadhafi takes to the airwaves from an unknown location to call on residents to "free Tripoli," a day after rebels capture his stronghold in the Libyan capital. Libyan rebels offer $1.65 million reward for the longtime leader --dead or alive.

Brazil Petrobras July Total Gas, Oil Output At 2.568M BOE/Day

Τετ, 24 Αυγούστου 2011 - 18:06

Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said Wednesday that crude oil and natural gas production sank in July on maintenance stoppages at several offshore platforms.

Kazakhstan Launches People's IPO Of Major State Companies

Τετ, 24 Αυγούστου 2011 - 18:06

Kazakhstan's economic development and trade minister has revealed a plan to sell off to local investors between 5% and 15% of half a dozen of the country's bigger state concerns, the state holding company, which owns 100% or majority stakes in the companies, said Wednesday.

Repsol: Unable To Assess Current State Of Libyan Facilities

Τετ, 24 Αυγούστου 2011 - 18:06

Spanish oil firm Repsol YPF SA (REP.MC) hasn't been able to verify the current state of its facilities in war-torn Libya, a spokesman for the company said Wednesday.

Medvedev Strikes Deal with N.Korea’s Kim Jong-il on Gas Export Pipeline

Τετ, 24 Αυγούστου 2011 - 13:03

Russian President Dmitry Medvedev struck a deal with North Korean leader Kim Jong-il on a gas export pipeline to South Korea during talks in Russia's Buryatia region on Wednesday.

Cnooc’s Record First-Half Profit Beats Estimates on Oil Prices, Production

Τετ, 24 Αυγούστου 2011 - 13:02

Cnooc,China’s biggest offshore oil explorer, posted record half-year profit that beat analysts’ estimates after crude prices rose and it increased output to meet demand in the fastest-growing major economy.

Libya Oil Could Reach 585,000b/d By End 2012

Τρι, 23 Αυγούστου 2011 - 17:14

The recent success of rebel forces against Gadhafi is likely to mean Libya will be producing more crude than initially expected by end 2012, says Goldman Sachs. It had originally forecast production would average 250,000 b/d next year, but now sees a greater possibility that production could reach 585,000b/d by end 2012.

Gazprom Won't Begin Libya Talks Until There Is Legitimate Regime

Τρι, 23 Αυγούστου 2011 - 17:13

Russian state gas producer OAO Gazprom (GAZP.RS) won't begin talks on restarting its projects in Libya until a "legitimate" regime is in place in the North African country, the company said Tuesday.