English Edition

EU Executive Agrees Oil Sands CO2 Value

Τρι, 4 Οκτωβρίου 2011 - 17:09

The European Union's executive body will propose that oil extracted from sands should be treated as dirtier than conventional oil, a move set to add to an ongoing spat with Canada, a major producer of oil from sands.

France's Sarkozy: No Shale Gas Extraction Until Technology Proven Clean

Τρι, 4 Οκτωβρίου 2011 - 17:08

French President Nicolas Sarkozy Tuesday reiterated that his government won't authorize the extraction of French shale gas until technology is proven to be environmentally clean.

DEPA CEO: Greece-Bulgaria Gas Connector Ready in 2013

Τρι, 4 Οκτωβρίου 2011 - 13:36

ITGI, the Turkey-Greece-Italy Interconnector,offers the quickest way to open up the Southern Gas corridor, and could pump Azeri gas into Bulgaria as soon as from 2013, Harry Sachinis, Chairman & CEO Public Gas Corporation of Greece (DEPA), told EurActiv in an exclusive interview.

Southern Corridor Competitors Bid for Azeri Gas

Τρι, 4 Οκτωβρίου 2011 - 13:10

Competitors in the race to give life to the 'Southern gas corridor,' aimed at supplying Europe with non-Russian gas sources, have all lodged bids to obtain the 10 billion cubic meters per year which will be available from the offshore Shah Deniz II field in Azerbaijan.

Eni CEO Hopes Libyan Greenstream Pipeline Will Resume In October

Δευ, 3 Οκτωβρίου 2011 - 18:37

Eni SpA's (E) Chief Executive Paolo Scaroni said Monday he hopes the "first flux" of natural gas from Libyan pipeline Greenstream will resume in October.

Iraq Resumes North Oil Flow To Turkey After Outage - Shipper

Δευ, 3 Οκτωβρίου 2011 - 18:36

Iraq has resumed pumping crude oil from its northern oil fields to the Mediterranean port of Ceyhan, Turkey, after a suspension of six days, a Middle East shipping agent said Monday.

Chevron Technology Ventures Launches World's Largest Solar Enhanced-Oil-Recovery Project

Δευ, 3 Οκτωβρίου 2011 - 18:35

Chevron Technology Ventures, a division of Chevron U.S.A. Inc. that identifies, evaluates and demonstrates emerging technologies, today launched a unique demonstration project to test the viability of using solar energy to produce oil. The project uses over 7,600 mirrors to focus the sun's energy onto a solar boiler. The steam produced is injected into oil reservoirs to increase oil production. The project is the largest of its kind in the world.

DOE: To Buy 1M Bbls ULS Distillate For NE Reserve By End-November

Δευ, 3 Οκτωβρίου 2011 - 18:35

The Energy Department said late Friday it will purchase a total of 1 million barrels of ultra-low sulfur diesel fuel in October and November for shipment to the government's heating oil reserve in the Northeast.

Iraq Oil Output Hit Post-war High At 2.9 Mln B/D

Δευ, 3 Οκτωβρίου 2011 - 18:34

Iraq's crude oil output Monday hit 2.9 million barrels a day, the highest level achieved since the U.S.-led war against Iraq in 2003, the country's oil minister said in a statement.

Brent Could Hit $60-70 If GDP Growth Slumps

Δευ, 3 Οκτωβρίου 2011 - 18:33

Brent crude oil could sink to $60-70/barrel next year if global GDP growth slows sharply to below 1% and OPEC has difficulty cutting output to balance declining demand, muses JPMorgan.

TAP Submits its Bid to Shah Deniz Consortium

Δευ, 3 Οκτωβρίου 2011 - 17:39

This weekend marked an historic moment for the TAP project. On Saturday, 1st of October 2011, we submitted ourproposal to transport 10 billion cubic metres of gas a year from the giant Shah Deniz II field in Azerbaijan to the energy markets of Europe.By opening up the Southern Gas Corridor, TAP would help bring the new sources of gas from the Caspian region that will ensureEurope’s security of supply.