English Edition

Medvedev, Merkel Meet For Energy, Rights Talks

Τρι, 19 Ιουλίου 2011 - 16:53

Russian President Dmitry Medvedev and German Chancellor Angela Merkel said Tuesday they were prepared to have frank talks about differences on reforms even as they deepen trade ties.

Europe Takes Neutral Stance As IEA Mulls 2nd Oil Stock Release

Τρι, 19 Ιουλίου 2011 - 16:52

European governments are adopting a neutral stance to the possibility of a second release of oil from emergency stocks by the International Energy Agency to counter the disruption in Libyan exports, according to officials from member countries.

Europe Oil Majors 2Q Flat On Libya, Maintenance

Τρι, 19 Ιουλίου 2011 - 16:52

Second-quarter earnings at Europe's integrated oil and natural gas majors are expected to be roughly flat on the year despite higher crude prices. The stoppage of Libyan oil because of the civil war, outages due to maintenance and depressed gas prices dented profits.

Iran Warns It May Interrupt India Oil Supply

Τρι, 19 Ιουλίου 2011 - 16:51

Iran has sent a fresh warning that it may stop oil exports to India from Aug. 1 if $5 billion arrears aren't paid, as a dispute tied to international sanctions appears close to escalation.

Iraq Picks Leighton To Build Basra Oil Terminal -

Τρι, 19 Ιουλίου 2011 - 16:51

Iraq's South Oil Company, the largest government utility by crude oil production, has picked Leighton Offshore Private Ltd.--part of Leighton International (LEI.AU), to build a loading terminal at the southern port of Basra, with a value of a little more than $500 million, an Iraqi oil industry source familiar with the project said Tuesday.

Gazprom Turns Down Involvement by Turkish Private Companies in a $40 billion Gas Deal

Τρι, 19 Ιουλίου 2011 - 14:16

Russia’s state-owned energy giant Gazprom has turned down involvement by Turkish private companies in a $40 billion gas deal, Turkish Pipeline Corporation (BOTAŞ) officials told Today’s Zaman.

Bulgaria, Romania Set Stage for Massive Danube Hydro-Energy Projects

Τρι, 19 Ιουλίου 2011 - 14:15

Bulgaria and Romania's economy ministers have discussed two large-scale hydro-energy projects on the Danube, whose future realization is said to harbor great economic potential.

Israel Votes Through 10 Per Cent Renewable Targets

Δευ, 18 Ιουλίου 2011 - 18:10

Ιsrael has become the latest country to announce ambitious renewable energy targets, after the cabinet yesterday voted through a package of measures designed to ensure the country generates a tenth of its energy from renewable sources by 2020.

Saudi May Oil Output +0.9% To 8.89 Mln B/D Vs April - Data

Δευ, 18 Ιουλίου 2011 - 18:07

World's largest crude exporter Saudi Arabia saw its oil production rise 0.9% to 8.89 million barrels a day in May compared with 8.82 million barrels a month earlier, official data showed Monday.

Greek Oil Tanker Hijacked Off Nigerian Coast - Police

Δευ, 18 Ιουλίου 2011 - 18:07

Armed men hijacked a Greek oil tanker off the coast of Nigeria at the weekend and took the 20 crew-members hostage, Greek port police told AFP Monday.

TNK-BP Signs Deal To Join Brazil's Solimoes Basin Project

Δευ, 18 Ιουλίου 2011 - 18:06

BP PLC's (BP) Russian joint venture TNK-BP Ltd. (TNBP.RS) has signed a deal to join the Solimoes Basin project in Brazil's Amazon forest, but still awaits regulatory and board approval, the company said Monday.

Russia Jails Ex-Yukos Executive To Eight Years In Absentia

Δευ, 18 Ιουλίου 2011 - 18:06

A Russian court Monday sentenced the former head of a subsidiary of Mikhail Khodorkovsky's OAO Yukos oil giant to eight years jail in absentia on charges of embezzlement, a court official said.

Fitch: Sector Implications if U.S. Loses AAA Rating

Δευ, 18 Ιουλίου 2011 - 18:06

Fitch Ratings remains of the opinion that an agreement will be reached to raise the debt ceiling prior to Aug. 2 and that the U.S. government will make full and timely payment on all of its obligations. As previously stated by Fitch, in the unlikely event that the ceiling is not raised by Aug. 2

Halliburton CEO: Demand For Services Outpacing Capacity Growth

Δευ, 18 Ιουλίου 2011 - 18:05

Halliburton Co. (HAL) Chief Executive Dave Lesar said Monday that demand for oil field services in North America, such as hydraulic fracturing, continues to grow faster than companies like his can add equipment as producers rush to drill unconventional oil basins.

Brent Crude In $110-$120/Bbl Band To Year-End -Mirae

Παρ, 15 Ιουλίου 2011 - 18:26

Despite lingering eurozone fears, Brent oil prices will hover at $110-$120/bbl for the rest of year, Mirae Asset Research says

Japan Hopes To Complete Nuclear Stress Tests By Year-End

Παρ, 15 Ιουλίου 2011 - 18:26

Japan's main nuclear regulatory body said Friday that it hopes the two stages of "stress tests" on the nation's nuclear reactors can be completed by the end of the year, checks that are meant to reassure the public after the Fukushima Daiichi nuclear disaster.