English Edition

Foreign Oil Companies Say Tough Terms Could Deter Libya Investment

Παρ, 18 Νοεμβρίου 2011 - 18:19

Foreign oil companies operating in Libya warned this week that current contracts could deter new investment, even though the fall of Col. Moammar Gadhafi has been sometimes perceived as paving the way for a new oil rush in the country holding Africa's largest oil reserves.

Russian Gazprom is Preparing to Enter Bulgaria’s Motor Fuel Retail Market

Παρ, 18 Νοεμβρίου 2011 - 15:47

Russian giant Gazprom, the sole supplier of natural gas to Bulgaria, is preparing to enter the Balkan country's motor fuel retail market on which it targets a share of five to eight percent, Sofia-based Capital Daily reported on November 16.

Gazprom, KazMunaiGaz Eye Joint Development of Caspian Fields

Παρ, 18 Νοεμβρίου 2011 - 15:46

Russian and Kazakh gas companies Gazprom and KazMunaiGaz are eyeing opportunities for joint development of gas fields – Imashevskoye and Tsentralnoye - in the Caspian Sea, according to a statement issued by the Russian gas giant after talks between the two companies’ CEOs Alexei Miller and Bolat Akchulakov.

Goldman Sachs: Brent/WTI Spread To Narrow To $6.50/Bbl Within 6 Months

Πεμ, 17 Νοεμβρίου 2011 - 18:56

The premium for European oil benchmark Brent to the U.S. oil marker, New York Mercantile Exchange light, sweet crude, could narrow to $6.50 a barrel within half a year, and not a year as previously forecast, Goldman Sachs said Thursday.

Total: Opposed To Proposed EU Offshore Rules

Πεμ, 17 Νοεμβρίου 2011 - 18:55

Stricter offshore regulations proposed by the European Union are unnecessary and will simply add needless bureaucracy to successful safety programs in countries like the U.K. and Norway, Total SA's (TOT) head of northern European exploration Patrice de Vivies said Thursday.

Sarkozy Defends Nuclear Industry Against Opposition Plans

Πεμ, 17 Νοεμβρίου 2011 - 18:55

French President Nicolas Sarkozy pledged Thursday to defend and bolster France's nuclear sector, and warned that an opposition-backed proposal to wind down nuclear power production would shut factories and damage the economy.

French Nuclear Watchdogs See No Immediate Problems With Reactors

Πεμ, 17 Νοεμβρίου 2011 - 18:54

France's nuclear safety authority Thursday warned that some improvements were needed to make sure the country's nuclear reactors can withstand extreme natural disasters but that none of plants present any immediate threat.

Statoil ASA To Borrow $1.5B In 5Yr, 10Yr, 30Yr Bonds Wednesday

Τετ, 16 Νοεμβρίου 2011 - 19:06

Norwegian energy company Statoil ASA (STO, STL.OS) plans to borrow $1.5 billion in a three-part issue in the U.S. debt markets Wednesday, according to a person familiar with the deal.

Germany's Wintershall Sends Back Expatriates To Libya

Τετ, 16 Νοεμβρίου 2011 - 19:06

Wintershall Holding GmbH has sent back expatriates workers to Libya, a company executive said Wednesday, as some foreign companies now consider the place safe enough for staff to return.

TransCanada CEO: Keystone XL Still Most Competitive Gulf Coast Pipeline

Τετ, 16 Νοεμβρίου 2011 - 19:06

TransCanada Corp. (TRP) Chief Executive Russ Girling said Wednesday the Keystone XL pipeline is still the best alternative to bring Canadian crude to the U.S. Gulf coast despite a delay and a re-route imposed by the U.S. government last week.

EDF Shares Fall On News Of Green-Socialist Accord On Nukes

Τετ, 16 Νοεμβρίου 2011 - 19:05

Shares in French state-controlled Electricite de France SA (EDF.FR) dropped sharply Wednesday after the Green and Socialist parties announced a tentative agreement on a joint plan to reduce the country's long-standing reliance on nuclear energy as part of a joint electoral program for the May 2012 presidential election.

Saudi Arabia Wants UN Vote On Plot To Kill Ambassador

Τετ, 16 Νοεμβρίου 2011 - 19:05

Saudi Arabia was pressing for a United Nations General Assembly vote Friday on a resolution condemning an alleged plot to assassinate its envoy to the United States and called on Iran to cooperate with the investigation.

Brazil's Petrobras Plans To Tap Debt Markets In 4Q, But Not In Dollars

Τετ, 16 Νοεμβρίου 2011 - 19:04

Brazilian state-owned oil and gas producer Petroleo Brasileiro SA (PBR, PETR4.BR) said it plans to raise new funds from the debt market this quarter, but not in U.S. dollars.