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Statoil To Raise Production To Above 2.5M BOE/D In 2020

Statoil To Raise Production To Above 2.5M BOE/D In 2020

Δευ, 20 Ιουνίου 2011 - 17:10

Statoil ASA (STL.OS), the Norwegian oil giant, said Monday that it aims to raise production to above 2.5 million barrels of oil equivalents a day 2020, corresponding to growth of around 3% a year from 2010.

Statoil Eyes $32B Investment To Boost Output

Statoil Eyes $32B Investment To Boost Output

Δευ, 20 Ιουνίου 2011 - 17:09

Norwegian oil giant Statoil ASA (STL.OS) will spend $32 billion on exploration and production over the next two years as it aims to ramp up production to above 2.5 million barrels of oil equivalents a day over the next 10 years.

Crude Lower As Greek Crisis Weighs

Crude Lower As Greek Crisis Weighs

Δευ, 20 Ιουνίου 2011 - 17:08

Crude futures fell Monday on increasing concerns Greece's debt crisis will lead to a slowdown in the global economy.

China Sunergy Cuts Shipment Outlooks

China Sunergy Cuts Shipment Outlooks

Παρ, 17 Ιουνίου 2011 - 16:57

China Sunergy Co. (CSUN) lowered its shipments outlooks for the second quarter and the year, citing increasing financing delays that slowed some shipments in July and potentially could lead to some order cancellations.

TNK-BP Hopes To Close Brazil Buy Within Month, Eyes Other Assets

TNK-BP Hopes To Close Brazil Buy Within Month, Eyes Other Assets

Παρ, 17 Ιουνίου 2011 - 16:56

BP PLC's (BP) Russian joint venture TNK-BP Ltd. (TNBP.RS) hopes to close a deal to buy a 45% stake in an oil and gas deposit in Brazil's Solimoes region from Petra Energia SA within one month, the company's Deputy Chief Executive Maxim Barsky said Friday.

Maersk Oil Invests $1B In North Sea Oil Field

Maersk Oil Invests $1B In North Sea Oil Field

Παρ, 17 Ιουνίου 2011 - 16:56

MAERSK OIL, the oil and gas unit of Danish shipping and oil conglomerate A.P. Moller-Maersk A/S (MAERSK-B.KO), said Friday it has approved a major investment in the development of a U.K. North Sea oil field in which it holds a minority stake.

Seimens Invests €24 mil. in the Serbian Production of a New Type of Generator

Seimens Invests €24 mil. in the Serbian Production of a New Type of Generator

Παρ, 17 Ιουνίου 2011 - 15:17

German company Siemens will hire another 150 people in its Subotica plant and invest €24 million in the production of a new type of generator over the next 18 months. The patent for this generator has recently been developed by one of the company's engineers and Siemens headquarters has decided to implement the first generator of this kind in Subotica.

US Installs 252 MW, Makes 348 MW Of Solar Panels In 1Q

US Installs 252 MW, Makes 348 MW Of Solar Panels In 1Q

Πεμ, 16 Ιουνίου 2011 - 15:35

The U.S. installed 252 megawatts of solar-panel generators in the first quarter, up two-thirds over the same period a year ago, while U.S. factories produced 348 megawatts of solar panels, a third more than a year ago, according to a study released Thursday.

China Longyuan Power To Invest In Wind Power Project In Canada

China Longyuan Power To Invest In Wind Power Project In Canada

Πεμ, 16 Ιουνίου 2011 - 15:35

China Longyuan Power Group Corp. (0916.HK), the country's largest producer of wind-generated electricity, will invest and operate a wind power project near Canada's Toronto city, the company's president said Thursday.

German Government Wont Cut Solar Subsidies

German Government Won't Cut Solar Subsidies

Πεμ, 16 Ιουνίου 2011 - 15:35

The German government's planned cuts to solar power subsidies have been dropped, according to an interview with a parliamentarian in the Financial Times Deutschland Thursday.

IEA: German Plan To Replace Nuclear Ambitious, Not Impossible

IEA: German Plan To Replace Nuclear Ambitious, Not Impossible

Πεμ, 16 Ιουνίου 2011 - 15:34

Germany's plan to accelerate its exit from nuclear power and replace it largely with renewable energy sources isn't impossible, but is ambitious and won't come without cost, a senior official with the International Energy Agency said Wednesday.