English Edition

ICE: Money Managers Raise Brent, Gasoil Holdings

ICE: Money Managers Raise Brent, Gasoil Holdings

Money managers raised their net long position in Brent crude oil futures and options in the week ended July 5, according to IntercontinentalExchange Inc.'s (ICE) weekly Commitment of Traders report published Monday.

Tanzania To Launch Oil, Gas Exploration Vessel

Tanzania To Launch Oil, Gas Exploration Vessel

Tanzania is set to launch a $800 million oil and gas exploration vessel along its Indian Ocean coastline, the Guardian newspaper reported Friday.

Lebanon Warns Israel Against Sea Border Move

Lebanon Warns Israel Against Sea Border Move

Lebanon's president on Monday warned Israel against "unilateral decisions" in the demarcation of a shared maritime border, as a feud over offshore gas reserves between the two states deepens.

Bulgaria Seeks to Re-sell Russian gas

Bulgaria Seeks to Re-sell Russian gas

Bulgaria seeks to introduce a clause in the new gas delievery contracts to be signed with Russia's gas major Gazprom envisioning re-sale of Russian gas to third countries, Economy Minister Traicho Traikov said, as quoted by Bulgarian National Radio on July 8 2011.

Iran Builds New Gas Pipeline

Iran Builds New Gas Pipeline

Pakistan is to become a key buyer of Iranian natural gas at a time when relations with Washington are at their most strained in recent years. Work on extending the Iran-Pakistan gas pipeline will begin in the next six months and is set to be complete by 2014, according to Asim Hussain, the Pakistani natural resources minister.

IOBE Recommends a PPC Breakdown Into Subsidiaries

IOBE Recommends a PPC Breakdown Into Subsidiaries

The non-merger of local banks and the proposal of splitting the Public Power Corporation along the lines of Italy’s Enel are among the eight key reforms that form the blueprint for Greece’s exit from the crisis prepared by the Foundation for Economic and Industrial Research (IOBE).

Vestas Confirms Conditional 100 MW Wind Turbine Order From US

Vestas Confirms Conditional 100 MW Wind Turbine Order From US

Vestas Wind Systems A/S (VWS.KO), the world's largest wind turbine manufacturer, said Friday it has received an order for the delivery of 100 megawatts of installed power production capacity to a U.S. wind farm.

Enel, Sharp, STMicro Inaugurate Italy Photovoltaic JV Plant

Enel, Sharp, STMicro Inaugurate Italy Photovoltaic JV Plant

Enel SpA (ENEL.MI), Sharp Corp. (6753.TO) and STMicroelectronics NV (STM) Friday inaugurated their Italian facility to produce photovoltaic panels for an initial total investment of almost EUR400 million as they target the growing solar renewable market.

GDF-Suez Says It Will Bid For French Wind Farm Tender

GDF-Suez Says It Will Bid For French Wind Farm Tender

French energy company GDF-Suez (GDF.FR) said Friday it is teaming up with construction and concession company Vinci SA (DG.FR) and nuclear technology group Areva SA (AREVA.FR) to bid in a multibillion-euro French government tender for an offshore wind farm project.

Kuwait Oil Output May Rise To 2.7M B/D In July

Kuwait Oil Output May Rise To 2.7M B/D In July

Kuwait could increase its crude production to about 2.7 million barrels a day in July, a Gulf oil official said Friday, suggesting a consumers' stockpile release hasn't hindered the producer's plans to boost output so far.

Oil and Gas Exploration Rights Granted in Bosnia-Herzegovina

Oil and Gas Exploration Rights Granted in Bosnia-Herzegovina

Naftna Industrija Srbije AD said its joint venture in Bosnia-Herzegovina with OAO Zarubezhneft’s Neftegazinkor unit is to start oil and gas exploration after local authorities gave it a 28-year concession.