English Edition

Saudi Aramco Stops Leak At Safaniya Oil Field

Sinopec Profit Lifted By Higher Oil Prices

China Petroleum & Chemical Corp. (SNP), or Sinopec, said Thursday its third-quarter net profit rose 3% from a year earlier under international accounting standards, helped by higher oil prices.

General Electric Selling 350 Wind Turbines To BP's Wind Energy Arm

General Electric Co. (GE) said Thursday it is selling 350 wind turbines to BP PLC's (BP, BP.LN) wind energy arm in a deal valued at roughly $750 million.

Libya To Try Gadhafi Killers

Libya's new rulers said Thursday they would prosecute the killers of ousted dictator Moammar Gadhafi following the international outcry over the circumstances of his death.

Exxon Mobil 3Q Profit Soars 41%; Production Drops

Exxon Mobil Corp. (XOM) said Thursday its third-quarter earnings surged about 41% despite a drop in production as it continued to benefit from climbing oil prices and a stronger refining margin.

IEA Urges Greece to Reform its Energy Market and Boost Economy

Increasing competition and reducing the role of the state in Greece's energy sector could make a significant contribution to the country's economic recovery, according to a review of Greek energy policies published today by the International Energy Agency (IEA).

Gazprom Mulls Electric Power Projects in Japan

Russian energy giant Gazprom is looking at the prospects for electric power projects in Japan with local supply companies, Gazprom said on Thursday.

Gas Production in Arctic to Grow to 250 billion cubic meters by 2020

Natural gas production in the Arctic may grow to 250 billion cubic meters by 2020, the president of the Russian Gas Society, State Duma Deputy Speaker Valery Yazev, said on Thursday. Yazev was speaking on the sidelines of the Russia-German raw materials forum, of which he is a co-chairman.

Gazprom Eager to Expand in Asia

Asia holds potential as a growth market for natural gas, the deputy chairman of Russian giant Gazprom's management committee said, the Nikkei reported in its Wednesday morning edition.

EU: There Must Be 'Mechanisms' to Carry Turkmenistan Gas to EU

Plans to carry natural gas from the Caspian region to Europe must be open to transport gas from Turkmenistan, once that is available, the European Commission said Wednesday.

Turkey Energy Min: Shah Deniz II Gas Will Reach Europe by 2017

Gas from Azerbaijan's giant Shah Deniz II field will reach Europe by 2017, Turkey's energy minister Taner Yildiz said Wednesday, one day after Ankara and Baku inked a long-awaited gas transit deal.

Czechs Plan Nuclear Push with a $25 Billion Project

The Czech Republic is pushing ahead with a large-scale expansion of its nuclear-power industry despite increasing misgivings about atomic energy among its neighbors in Europe.

Russia Fin Min: Non Oil and Gas Share of GDP Higher in '11

The share of profits from sectors outside of oil and gas in Russia's economy is expected to rise by more than a percentage point this year, Finance Minister Anton Siluanov said Wednesday.