English Edition

Azerbaijan Jan-Sep Oil Output Down 8% On-Year At 35.5M Tons

Τετ, 19 Οκτωβρίου 2011 - 18:21

Azerbaijan produced 35.5 million metric tons of crude oil in January to September, down 7.9% from the same period last year, the state statistics agency said Wednesday.

Growth In Iron Ore, Steel Financial Markets Seen Outpacing Oil

Τετ, 19 Οκτωβρίου 2011 - 18:19

The financial markets in iron ore and steel have huge growth potential, with development in the materials' financial products sectors out-pacing early growth in the now-large oil derivatives market, the head of metals brokerage at BNP Paribas Commodities Futures said Tuesday.

Gazprom Slams EU, Dismisses Spot Pricing

Τετ, 19 Οκτωβρίου 2011 - 17:26

Europe must accept that oil-linked long-term contracts for gas are the mainstay of the industry and cannot be abandoned, the deputy head of the state-backed Russian energy firm told IEA ministers on Tuesday.

$100bn Spend Planned for Iraqi Fields

Τετ, 19 Οκτωβρίου 2011 - 17:25

Foreign companies ExxonMobil, BP and Eni plan to invest about $100 billion to upgrade three oilfields in southern Iraq, according to the top energy advisor to the Iraqi Prime Minister.

IEA: Almost Too Late To Limit Global Temperature Rise To 2C

Τρι, 18 Οκτωβρίου 2011 - 18:30

The door may be closing on the opportunity to prevent average global temperatures from rising by more than two degrees Celsius, unless urgent, bold action is taken, said the International Energy Agency's Chief Economist, Fatih Birol, Tuesday.

Japan To Depend More On Thermo Power Generation

Τρι, 18 Οκτωβρίου 2011 - 18:29

Japan will depend more on thermo power generation "for a while" after it reduced output of electricity from its nuclear reactors as a consequence of the Fukushima Daiichi disaster, Trade and Industry Minister Yukio Edano said Tuesday.

Lukoil Makes Approach To Trade Petroleum With Libya Co

Τρι, 18 Οκτωβρίου 2011 - 18:29

Russia's independent oil company OAO Lukoil (LKOH.RS, LUKOY) has approached Libya's Arabian Gulf Oil Co. to supply fuel products in exchange for future crude production, one official at the Libyan company said recently.

BP Solar Selects Telvent Control Technology for Global Operations Center

Τρι, 18 Οκτωβρίου 2011 - 18:28

Telvent GIT, S.A. (Nasdaq:TLVT), a leading real-time IT solutions and information provider for a sustainable world, announced today that it has been selected by BP Solar International, Inc., an alternative energy subsidiary to BP (NYSE:BP) and one of the world's leading solar companies, to deploy control technology for BP Solar's Global Operations Center initiative.

Libyan Crude Trickles To Market As Efforts To Up Output Continue

Τρι, 18 Οκτωβρίου 2011 - 18:28

More exports of Libyan crude are trickling through to the market as the country strives to ramp up its production in the wake of eight months of violence and unrest.

Petrobras Says Foreign Oil Firms Not Quitting Brazil

Τρι, 18 Οκτωβρίου 2011 - 18:28

Foreign companies aren't quitting Brazil but instead are looking for partners to help finance the large investments needed to develop mammoth offshore oil fields, the head of Brazil's government-run oil company, Petroleo Brasileiro (PBR), or Petrobras, said in an interview with the O Estado de Sao Paulo newspaper.

Saipem Secures $1.5 Billion In Offshore Contracts

Δευ, 17 Οκτωβρίου 2011 - 19:03

Saipem SpA (SPM.MI) said Monday it has secured $1.5 billion in new contracts. The Italian oil services company said its engineering and construction division has got new contracts in Iraq, Nigeria, the Gulf of Mexico and the North Sea.

S Korea September LNG Imports Up 59% On Year; Coal Imports Up 30%

Δευ, 17 Οκτωβρίου 2011 - 19:03

South Korea's September imports of liquefied natural gas rose 59% from a year ago to 3.67 million metric tons, customs data showed Monday.

BP CEO Dudley: Sees Brent $90-$100/Bbl In Near Future

Δευ, 17 Οκτωβρίου 2011 - 19:02

The price of Brent Crude is likely to fall to a range between $90 and $100 a barrel, BP PLC (BP.LN) Chief Executive Bob Dudley said Monday, although he added that the U.K. super major doesn't expect the U.S. to go into a "double-dip recession."