English Edition

ExxonMobil Shares Flat After Yellowstone Spill

Τρι, 5 Ιουλίου 2011 - 18:22

Energy stocks are mostly higher today, boosted by a gain in crude oil prices. But Exxon Mobil isn't participating.

EU Lawmakers Reject Call For More Ambitious Climate Policy

Τρι, 5 Ιουλίου 2011 - 18:21

The European Parliament rejected Tuesday a motion to support more ambitious climate targets, in a move that shows how the fight against climate change is losing steam even in the European Union, after a similar setback just days ago among government representatives.

Hellenic Petroleum, Larco Set to Cooperate on Renewable Energy

Τρι, 5 Ιουλίου 2011 - 14:36

Hellenic Petroleum SA (ELPE), Greece’s largest refiner, said it will work with Larco Energy on renewable energy projects starting with a photovoltaic park with a production capacity of 17 megawatts.

Bosnia: Public Call for Project of Hydro-Energy System of Gornja Drina.

Τρι, 5 Ιουλίου 2011 - 14:35

Bosnia and Herzegovina's Ministry of Industry, Energy and Mining announced on the public call for submitting the letter of interest for participating at the project of Hydro-energy system of Gornja Drina.

Russia June Oil Output 10.19M B/D

Δευ, 4 Ιουλίου 2011 - 17:06

Russia produced an average of 10.19 million barrels of oil a day in June, below a post-Soviet record of 10.26 million barrels reached in May, Interfax news agency reports Monday citing statistics from the Energy Ministry.

Iraq Parliament Panel Wants Government To Stop Signing Hydrocarbon Deals

Δευ, 4 Ιουλίου 2011 - 17:06

The Iraq parliament's oil and energy committee has called for lawmakers to ban the Baghdad central government, as well as regional and provincial governments, from signing any new oil and gas contracts until a long-delayed hydrocarbon law is enacted.

Iran Guards Ready To Close Strait Of Hormuz - Commander

Δευ, 4 Ιουλίου 2011 - 17:06

Iran is ready if threatened to close the Strait of Hormuz to ships linking the Gulf to international markets, Revolutionary Guards commander General Mohammad Ali Jafari told Mehr news agency Monday.

Saboteurs Bomb Egypt Gas Pipeline To Israel, Jordan

Δευ, 4 Ιουλίου 2011 - 17:05

Saboteurs bombed an Egyptian gas pipeline in the Sinai peninsula Monday for the third time since February, cutting supplies to Israel and Jordan.

Exxon Pipeline Oil Spill Cleanup Efforts Widening

Δευ, 4 Ιουλίου 2011 - 17:04

An additional 80 people were heading to the Exxon Mobil Corp. (XOM) pipeline spill site Monday as the effort to clean the oil spilled from its Silvertip pipeline widened, Exxon said.

Bulgaria, Russia Extend Belene NPP Deal by 3 Months, Russian Funding Mulled

Δευ, 4 Ιουλίου 2011 - 14:50

Bulgaria's National Electric Company NEK and Russia's Atomstroyexport, a subsidiary of Rosatom, have signed an annex extending by 3 months their contract for the construction of the Belene NPP, which should become the second Bulgarian nuclear power plant.

Hyundai Samho Wins $400 mln LNG Ship Order from Greece

Δευ, 4 Ιουλίου 2011 - 14:50

South Korea's Hyundai Samho Heavy Industries said it had received an order to build two liquefied natural gas (LNG) carriers worth $400 million in total from Greece's Maran Gas.

Chevron Begins Work To Double Capacity At Caspian Pipeline

Παρ, 1 Ιουλίου 2011 - 18:45

The Chevron Corp. -led Caspian Pipeline Consortium Friday said it has started a $5.4 billion expansion to double capacity to 1.4 million barrels a day by 2015. "The capacity of the 900-mile [1500 kilometer] pipeline, which carries crude oil from Western Kazakhstan to a dedicated terminal in the Black Sea, will increase to 1.4 million barrels a day from its current capacity of 730,000 barrels a day," Chevron said in a statement

Shell Will Seek Kazakhstan Project Deadline Extension

Παρ, 1 Ιουλίου 2011 - 18:43

Royal Dutch Shell PLC and its partners are to ask the Kazakh government for an extension to the 2013 deadline for the first oil from their Kashagan field, U.K. newspaper The Daily Telegraph reports Friday, citing a person at an unnamed oil company in the city of Atyrau. According to the paper, the consortium--which also includes Total SA, ExxonMobil Corp., Eni SpA and Kazakh state firm NC KazMunaiGas--rejected a plan to meet the deadline by pumping at least 50,000 barrels of oil a day directly onshore, bypassing an unfinished processing plant on an artificial island

Turkey June Exports +25% On Year To $11.5 Billion

Παρ, 1 Ιουλίου 2011 - 18:42

The head of Turkey's exporters association on Friday called on policy makers to take action to stem further falls in the lira, to avoid a negative impact on businesses. The call from the head of the Turkish Exporters Association, or TIM, came shortly after Friday data showed exports rose 25% on the year in June to $11.5 billion. Those gains were propelled by a rapid weakening of the lira, which has fallen 19% against the dollar since November

US Light Products: Chicago Gasoline Prices Soar On Refinery Woes

Παρ, 1 Ιουλίου 2011 - 18:40

Chicago's spot unleaded regular conventional gasoline prices soared on Thursday amid speculation of production cuts at BP PLC's oil refinery in Whiting, Ind. The speculation came after the company reported emissions to the U.S. National Response Center and an apparent outage of a key gasoline-making fluid catalytic cracking unit at Exxon Mobil Corp.'s refinery in Joliet, Ill

Iran Warns Of Halting Crude Supplies To India From August

Παρ, 1 Ιουλίου 2011 - 18:39

Iran has warned it will stop crude oil supplies to India from August if its long-pending bills aren't cleared and a favorable mechanism for future payments isn't evolved, executives at two Indian refiners said Friday. "We have got the letter from National Iranian Oil Co. They are saying supplies can be halted," an executive at Mangalore Refinery & Petrochemicals Ltd., who didn't wish to be named, told Dow Jones Newswires