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North Said To Pledge Land For Trans-Korea Pipeline

North Said To Pledge Land For Trans-Korea Pipeline

North Korean leader Kim Jong Il has promised to provide land for a Russian plan to build a trans-Korean gas pipeline to ship natural gas to South Korea if Moscow and Seoul agree to the gas pipeline deal, Kyodo News quoted a senior Russian official as saying Friday.

Iran Oil In Temporary Storage Or Shuttling Doubles -ICAP

Iran Oil In Temporary Storage Or Shuttling Doubles -ICAP

Oil in short-term storage or shuttling by the National Iranian Tanker Co. has doubled to six Very Large Crude Carriers containing 12 million barrels in the week ending Aug. 26, ICAP Shipping International Ltd. said in a note Friday.

Cyprus: 60 MW of Generators to be Installed in Dhekelia Power Plant

Cyprus: 60 MW of Generators to be Installed in Dhekelia Power Plant

Cypriot EAC Spokesman Costas Gavrielides said that the generators that arrived on Sunday with a total a capacity of 60MW and will be installed at the Dhekelia power plant, while other generators of a capacity of 35MW were already on their way and would be installed at the Moni power plant.

Kuwait Crude Oil Exports To China Drop 36.6% On Yr In July

Kuwait Crude Oil Exports To China Drop 36.6% On Yr In July

Kuwaiti crude oil exports to China fell 36.6% in July from a year earlier to 524,000 tons, equivalent to around 124,000 barrels a day, Kuwait's official Kuna news agency reports Thursday citing Chinese government data.

Brent Premium To WTI Near Record Highs On Fresh Oil Supply Woes

Brent Premium To WTI Near Record Highs On Fresh Oil Supply Woes

The price gap between the world's two leading oil benchmarks returned to near record highs Thursday as fresh supply disruptions propped up European benchmark Brent crude--the marker for more than half the world's oil.

Eni CEO: Libya Oil Output Will Need 6-18 Months To Restart

Eni CEO: Libya Oil Output Will Need 6-18 Months To Restart

Eni SpA (E) Chief Executive Paolo Scaroni said Thursday he expects Libyan oil output to take between six and 18 months to be restarted, and said the energy group will prioritize the restart of natural gas supplies.

Italy Will Give Libyan Rebels EUR350M Next Week

Italy Will Give Libyan Rebels EUR350M Next Week

Italy will give Libya's rebel National Transitional Council EUR350 million next week as an advance on frozen Libyan assets, Italy's Foreign Minister Franco Frattini told AFP Thursday.

North Koreas Kim Jong-Il Arrives In China

North Korea's Kim Jong-Il Arrives In China

North Korean leader Kim Jong-Il arrived in China Thursday following a visit to Russia where he held a rare Siberian summit with Russian President Dmitry Medvedev, Xinhua news agency reported.

J&P Submits Low Bid for 50 MW Greek Solar Park -PPC

J&P Submits Low Bid for 50 MW Greek Solar Park -PPC

Greek construction firm J&P Avax is the frontrunner to build a 50 megawatt solar facility in southern Greece, which would be one of Europe's biggest photovoltaic parks, utility PPC said.

Libya Rebels Offer $1.65M For Gadhafi-Dead Or Alive

Libya Rebels Offer $1.65M For Gadhafi-Dead Or Alive

Moammar Gadhafi takes to the airwaves from an unknown location to call on residents to "free Tripoli," a day after rebels capture his stronghold in the Libyan capital. Libyan rebels offer $1.65 million reward for the longtime leader --dead or alive.

Brazil Petrobras July Total Gas, Oil Output At 2.568M BOE/Day

Brazil Petrobras July Total Gas, Oil Output At 2.568M BOE/Day

Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said Wednesday that crude oil and natural gas production sank in July on maintenance stoppages at several offshore platforms.