English Edition

Russia To Adopt Unified Oil Export Duties In Summer

Δευ, 27 Ιουνίου 2011 - 18:06

Russia this summer will introduce a unified export duty on crude and refined oil products, Energy Minister Sergei Shmatko said Monday on state television. The proposal would cut export duty on crude oil to a marginal rate of 60%, from 65% previously, while adjusting duties on refined products to 66% of the level of crude oil

Crude Prices Decline As Greece, IEA Weigh

Δευ, 27 Ιουνίου 2011 - 17:12

Oil futures declined Monday, as Greece's debt crisis and the decision to tap global oil reserves continued to weigh on prices. Light, sweet crude for August delivery traded down $1.11, or 1.3%, to $90.05, on the New York Mercantile Exchange. Brent crude on the ICE Futures Europe exchange fell $1, or 0.1%, to $104.12 a barrel

CNPC: Iraq Ahdab Oil Field With 60,000 B/D Capacity Now Online

Δευ, 27 Ιουνίου 2011 - 17:10

China National Petroleum Corp. said Monday that it has brought online the Ahdab oil field in Iraq. The field's annual production capacity is 3 million metric tons or around 60,000 barrels a day. CNPC won a $3 billion contract two years ago to develop the field--the first major oil development deal with Iraq since the fall of Saddam Hussein in 2003

Top Russian Officials Removed From Board Of State Power Firm

Παρ, 24 Ιουνίου 2011 - 19:08

Russia's two top energy officials, Deputy Prime Minister Igor Sechin and Energy Minister Sergei Shmatko, Friday failed to be re-elected to the board of state electricity monopoly InterRAO (IRAO.RS).

IEA May Have Strayed From Mission In Oil Stock Release -Analysts

Παρ, 24 Ιουνίου 2011 - 19:08

The release of 60 million barrels of oil from emergency stocks announced by the International Energy Agency Thursday has served consumers well by lowering oil prices, but the agency may have strayed from its original mission in ways that could weaken it in the future, industry analysts said Friday.

Oil Majors Likely Buy Reserves As PR Move

Παρ, 24 Ιουνίου 2011 - 19:08

Expect buyers for "only a fraction" of the 30 million barrels released from the US Strategic Petroleum Reserve, says Tudor Pickering Holt.

LUKoil Calls for Change in Law to Allow Participation in Joint Offshore Projects

Πεμ, 23 Ιουνίου 2011 - 17:52

Russian legislation should be adjusted to allow LUKoil to team up with Rosneft on offshore oil projects, LUKoil head Vagit Alekperov said on Thursday.

Ahmadinejad Insists Iran Not Seeking Nuclear Bomb

Πεμ, 23 Ιουνίου 2011 - 17:40

Hardline President Mahmoud Ahmadinejad insisted Thursday that Iran is not seeking to build an atom bomb but defiantly added that should it decide to do so "no one can do a damn thing."

Petrobras Looks To Add Refining Capacity To Meet Brazil Needs

Πεμ, 23 Ιουνίου 2011 - 17:40

Brazilian state-run oil company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, will continue looking to add refining capacity to meet the fast-growing nation's fuel product needs, Downstream Director Paolo Roberto Costa said Thursday.

Russia Finds Nuclear Safety Faults After Fukushima

Πεμ, 23 Ιουνίου 2011 - 17:39

Russia's nuclear power plants are dangerously under-prepared for earthquakes and other disasters, said a state review conducted after Japan's Fukushima disaster and obtained by AFP Thursday.

Satcon Selected by BIOSAR Energy SA for 20 MW of Utility-Scale Solar Projects in Southern Europe

Πεμ, 23 Ιουνίου 2011 - 17:39

Satcon Technology Corporation(R) (NASDAQ CM:SATC), a leading provider of utility-scale power solutions for the renewable energy market, today announced that it has been selected by BIOSAR Energy SA, one of Europe's leading photovoltaic (PV) solar energy development companies, for multiple utility-scale power plants across Italy, Greece and Bulgaria.

S Korea To Release 3,467,000 Barrels Of Oil From Reserve

Πεμ, 23 Ιουνίου 2011 - 17:38

South Korea has decided to release a total 3,467,000 barrels from its emergency reserve in coordination with the International Energy Agency, to help stabilize the global oil market, the Ministry of Knowledge Economy said Thursday.

US To Release 30M Barrels Of Oil From Petroleum Reserves

Πεμ, 23 Ιουνίου 2011 - 17:38

The Obama administration on Thursday said it would release 30 million barrels of oil from its strategic petroleum reserves to offset disruption caused by unrest in the Middle East--a move that caught some by surprise.

«South East Europe Energy Outlook», IENE’s Major Reference Study Was Presented in Bucharest

Πεμ, 23 Ιουνίου 2011 - 16:41

Bucharest , Romania’s capital was the venue for the second special event which was organised by the Institute of Energy for South East Europe (IENE) on June 22nd for the presentation of the major reference study conducted by the Institute, the “South East Europe Energy Outlook ”. The presentation focused on key areas of the study including the investment prospects of the energy sector in the whole SE European region. A selected audience of Romanian policy makers, business executives, energy experts, as well as IENE members and associates and contributors to the study were present in this special IENE event

Conergy Greece: Second Megawatt Solar Park Deal Closed Within Two Weeks

Τετ, 22 Ιουνίου 2011 - 16:47

After the 1.5 megawatt big solar park in Arta, Conergy continues its course in the Greek solar market. The Hamburg based solar expert builds its second megawatt project in Greece within just two weeks. The new 2 megawatt power plant is located in Grevena (Pylori), 200 kilometers west of Thessaloniki.

Bulgaria Stages Emergency Electricity Exports to Greece over Strike

Τετ, 22 Ιουνίου 2011 - 16:46

Bulgaria's Electricity System Operator (ESO) has carried out an emergency export of electricity to Greece at the request of its Greek counterpart HTSO because of a strike at Greece's Public Power Corporation DEI.