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TAP Gas Project Strengthens Position in Greece

TAP Gas Project Strengthens Position in Greece

Πεμ, 18 Αυγούστου 2011 - 13:17

The Trans-Adriatic Pipeline (TAP) remains firmly committed to the planned gas project in Greece, which will bring in excess of €1 billion of foreign direct investment to the country, the consortium said on 17 August.

Tamar Partners Raise Estimate of Gas Reserves

Tamar Partners Raise Estimate of Gas Reserves

Πεμ, 18 Αυγούστου 2011 - 13:15

The Tamar license partners have received a revised estimate of natural gas reserves in the reservoir of 9.44 trillion cubic feet (best estimate) from Netherland, Sewell & Associates, Inc. (NSAI). The previous best estimate was 8.6 trillion cubic feet of gas.

Over-Reaction to BP Gulf Spill Costing U.S. Jobs

Over-Reaction to BP Gulf Spill Costing U.S. Jobs

Τετ, 17 Αυγούστου 2011 - 14:09

U.S. oil regulators may have swung from gung-ho to too cautious. Painfully slow drilling approvals mean America could be missing out on 230,000 jobs — and tax revenue, too. Safety matters. But with unemployment and the deficit top national concerns, red tape should be kept in check.

Kogas To Sign Long-Term Contracts For 5.64 Mln Tons/Year LNG Imports

Kogas To Sign Long-Term Contracts For 5.64 Mln Tons/Year LNG Imports

Τετ, 17 Αυγούστου 2011 - 14:07

South Korea's Korea Gas Corp. (036460.SE) will sign long-term contracts in September to buy a total of 5.64 million metric tons of liquefied natural gas a year from Royal Dutch Shell PLC (RDSA) and Total SA (TOT), the Ministry of Knowledge Economy said Wednesday.

Vestas Wind Systems Net Profit Beats Expectations

Vestas Wind Systems' Net Profit Beats Expectations

Τετ, 17 Αυγούστου 2011 - 14:07

Danish wind turbines maker Vestas Wind Systems (VWS.KO) Wednesday posted a second-quarter net profit above expectations and said it is sticking to its full-year guidance.

Vestas CEO Says Market Activity Back At Normal Level

Vestas CEO Says Market Activity Back At Normal Level

Τετ, 17 Αυγούστου 2011 - 14:06

Danish wind turbine company Vestas Wind Systems AS (VWS.KO) is well-positioned to take advantage of a return to more stable market conditions, its chief executive said Wednesday, as measures it has taken to counter the difficult business climate bear fruit.

North Korea Vows To Bolster Nuclear Deterrent

North Korea Vows To Bolster Nuclear Deterrent

Τετ, 17 Αυγούστου 2011 - 14:05

North Korea vowed Wednesday to bolster its nuclear deterrent, describing an exercise by U.S. and South Korean forces as preparation for a "war of aggression" against the communist state.

Iran Says Russian Nuclear Proposal Has Good Elements

Iran Says Russian Nuclear Proposal Has Good Elements

Τετ, 17 Αυγούστου 2011 - 14:04

Iranian Foreign Minister Ali Akbar Salehi said Wednesday that Russia's new nuclear proposal aimed at reviving stalled negotiations with Western powers had good elements that deserved further study.

Gazprom Could Lose $3B From Belarus Gas Discount

Gazprom Could Lose $3B From Belarus Gas Discount

Τρι, 16 Αυγούστου 2011 - 13:53

Russian gas producer OAO Gazprom (GAZP.RS) could lose between $2.5 billion and $3 billion in revenue next year from discounts to neighboring Belarus, newspaper Vedomosti reports.

CEZ Attributes Profit Fall To Taxes, Power Prices, Unrepeated Gains

CEZ Attributes Profit Fall To Taxes, Power Prices, Unrepeated Gains

Τρι, 16 Αυγούστου 2011 - 13:52

Czech state-owned power company CEZ AS (BAACEZ.PR) Tuesday said its 40% annual decline in second-quarter net profit was due to lower power prices than a year earlier, new taxes and foreign-exchange losses, as well as gains in 2010 that didn't recur this year.

China Says It Will Sue US Oil Giant For Spill

China Says It Will Sue US Oil Giant For Spill

Τρι, 16 Αυγούστου 2011 - 13:52

China's maritime authority said Tuesday it will sue the American company behind a massive oil spill off its northeast coast for "damage to the environment."

Shell: Gannet Alpha Pipe Leaked In Two Places, From Same Source

Shell: Gannet Alpha Pipe Leaked In Two Places, From Same Source

Τρι, 16 Αυγούστου 2011 - 13:52

Two leaks have occurred on an undersea pipeline at Royal Dutch Shell PLC's (RDSA) Gannet Alpha platform in recent days, the Anglo-Dutch major confirmed Tuesday, but said it believed both come from the same initial source.

Iraq Oil Ministry: Shell, Iraq Gas JV To Produce 2 BCF/Day

Iraq Oil Ministry: Shell, Iraq Gas JV To Produce 2 BCF/Day

Τρι, 16 Αυγούστου 2011 - 13:51

Iraq's gas deal with Royal Dutch Shell PLC (RDSA) to capture and exploit associated gas from its giant southern oil fields is expected to produce two billion cubic feet a day, according to an official agreement summary obtained by Dow Jones Newswires Tuesday.

Iran Welcomes Russian Nuclear Proposal

Iran Welcomes Russian Nuclear Proposal

Τρι, 16 Αυγούστου 2011 - 13:51

Iran welcomes Russia's latest proposals for restarting talks on Tehran's controversial atomic program, top nuclear negotiator Saeed Jalili said Tuesday after two rounds of talks with Moscow's National Security Council secretary Nikolai Patrushev.