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Petrobras Second-Quarter Profit Surges 32% on Increase in Offshore Output

Τρι, 16 Αυγούστου 2011 - 10:59

Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, said quarterly profit rose 32 percent as it accelerated drilling in fields that are among the largest crude finds in the Americas in more than three decades.

China Speeds Up Reserves Construction

Τρι, 16 Αυγούστου 2011 - 10:57

China is accelerating the construction of eight crude oil reserve sites in the second-phase of its strategic plan, the official China Securities Journal reported.

Japan Official Suggests A Micro Nuclear Plan

Παρ, 12 Αυγούστου 2011 - 13:07

The Japanese minister in charge of national strategy said a new generation of smaller nuclear reactors might be the answer for a country traumatized by the March Fukushima Daiichi crisis, at a time when much of the nation is looking toward a nuclear-free future.

Japan July Power Output Down 8.6% On Year -Utility Federation

Παρ, 12 Αυγούστου 2011 - 13:07

Electricity generated by Japan's 10 regional power utilities fell 8.6% on year in July to 82.95 billion kilowatt-hours as, as the country's industries and households cut power consumption to avoid blackouts amid continued suspension of nuclear power plants across the nation, the Federation of Electric Power Companies said Friday.

China's Annual Oil Consumption Growth To Slow To 5%

Παρ, 12 Αυγούστου 2011 - 13:07

Growth in China's apparent oil consumption is expected to ease to an average 5% a year between 2011 and 2015, down from the 7.7% annual growth in the previous five years, the state-controlled China Daily reported Friday.

Romanian Transgaz 1H Net Profit Falls 3.8% To RON255M

Παρ, 12 Αυγούστου 2011 - 13:06

Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Friday said its net profit fell 3.8% on the year to 255.2 million lei ($84.5 million) in the first half, due to higher costs, news agency Mediafax reports.

Saudis May React Fast To Oil Price Fall-Bernstein

Παρ, 12 Αυγούστου 2011 - 13:06

The world's largest oil exporter Saudi Arabia has reacted rapidly to previous falls in the oil price and demand by cutting production and would do so again, says Bernstein Research.

Ex-Libya Oil Minister Ghanem Shouldn't Have Post In New Govt-Rebels

Παρ, 12 Αυγούστου 2011 - 13:05

The former chairman of Libya's National Oil Company and de-facto oil minister, Shokri Ghanem, should not have a post in any new regime that could emerge if Col. Moammar Gadhafi is defeated, said a spokesman for the Libyan rebels Friday.

Contract Signed for Bulgaria- Greece Gas Pipeline

Παρ, 12 Αυγούστου 2011 - 11:18

Bulgarian Energy Holding (BEH) announced that today in Sofia the Bulgarian company ICGB AD, which has to design, build, and operate the gas interconnector Greece-Bulgaria, and the Consortium Penspen Ltd-C&M Engineering SA, have signed a contract for Front End Engineering Design (FEED) and Environmental Impact Assessment (EIA).

Global Financial Turmoil Threatens Greece’s Privatisation Programme

Πεμ, 11 Αυγούστου 2011 - 16:40

With a rescue plan for Greece’s economy agreed at the eurozone leaders’ summit on July 21, and the country’s huge debt stabilized for the time being, the socialist government of George Papandreou is now turning its attention to the implementation of an ambitious privatisation programme already voted through the Greek parliament early in July.

Households Curb Electricity Use

Πεμ, 11 Αυγούστου 2011 - 15:17

The financial crisis has forced Greek households to reduce their power consumption, while the number of unpaid electricity bills is increasing by the month.

GDF Suez, China's ICBC Sign MoU for Financing Cooperation

Πεμ, 11 Αυγούστου 2011 - 15:12

GDF Suez SA (GSZ.FR) and Industrial and Commercial Bank of China Limited (ICBAF) Thursday said they have signed a memorandum of understanding for a financing cooperation on a non-exclusive basis.

PetroChina, Sinopec To Export Less 3Q Gasoline On Domestic Demand

Πεμ, 11 Αυγούστου 2011 - 15:11

PetroChina Co. (PTR) and China Petroleum & Chemical Corp. (SNP), or Sinopec, will export a total of between 830,000 and 880,000 metric tons of gasoline in the third quarter, down from 960,000 tons in the second quarter, domestic energy information portal C1 Energy reported Thursday.

Libya Rebels Hit Trying To Take Heat Off Misrata

Πεμ, 11 Αυγούστου 2011 - 15:11

Libyan loyalists killed one rebel and wounded 10 others as the insurgents moved on the town of Taurga in a bid to snuff out rocket fire on the besieged city of Misrata, medics said on Thursday.

EGL Delivers First LNG Cargo to Greece

Πεμ, 11 Αυγούστου 2011 - 12:07

For the first time EGL has delivered an LNG (liquefied-natural-gas) cargo to Greece. The cargo was unloaded recently in two discharges at Greece's LNG terminal, located on the island of Revithoussa, west of Athens. EGL's first LNG delivery to the Greek natural gas market is a further step in expanding gas activities in South East Europe.

EIA Forecasts Steeper Drop in US Coal Production

Πεμ, 11 Αυγούστου 2011 - 12:00

Coal production will fall 1.7pc in 2011 despite a significant increase in coal exports, according to the US Energy Information Administration (EIA) in its monthly Short-term Energy Outlook published yesterday.