English Edition

Turkey Slave to Gas, Minister Says

Πεμ, 22 Σεπτεμβρίου 2011 - 14:13

Turkey is a slave to the natural gas lobby, according to the economy minister. “Even countries that produce natural gas or have resources do not use the fuel as much as Turkey does in electricity production,” Minister Zafer Çağlayan told the press in Ankara during a Wednesday meeting with business representatives from the Aegean province of İzmir.

OPEC Head Sees Gulf Producers Cutting Output As Libya Resumes

Τρι, 20 Σεπτεμβρίου 2011 - 18:10

Gulf oil producers, already facing a weakening demand picture in 2011 and 2012, are expected to cut their output once Libya resumes production, OPEC's top official said Monday.

Mixed Euro Court Ruling Says Yukos Shareholders' Rights Were Violated

Τρι, 20 Σεπτεμβρίου 2011 - 18:09

The European Court of Human Rights Tuesday partially ruled in favor of shareholders in defunct Russian oil company OAO Yukos, but also said that Russia's conduct was not politically motivated.

Fukushima Plant To Be Brought Under Control Sooner Than Expected

Τρι, 20 Σεπτεμβρίου 2011 - 18:09

Japan expects to bring the reactors at the Fukushima Daiichi nuclear plant under control sooner than previously expected, government officials said Tuesday, although new problems have emerged over the large amounts of radioactive water in the basements of the units, complicating longer-term efforts to clean up the site.

BP: Fire Affects Output Of Iraq's Largest Oil Field

Τρι, 20 Σεπτεμβρίου 2011 - 18:08

Oil production at Rumaila, Iraq's largest oil field, has been affected by a fire at a neighboring gas compression facility, operator BP PLC (BP) said Tuesday.

General Electric Discloses $3B In New Energy Agreements

Τρι, 20 Σεπτεμβρίου 2011 - 18:08

General Electric Co. (GE) disclosed more than $3 billion in new customer agreements in its energy business, with commitments in Brazil, Egypt, Australia, Iraq and other countries.

Rio Tinto CEO: On Track For 240M Tons Of Iron Ore Output In '11

Τρι, 20 Σεπτεμβρίου 2011 - 18:07

Anglo-Australian mining titan Rio Tinto PLC (RIO) is on track to produce about 240 million metric tons of iron ore this year, the company's chief executive said Tuesday.

Cyprus Starts Offshore Gas Drilling; Turkey Threatens to Intervene

Τρι, 20 Σεπτεμβρίου 2011 - 17:13

Cyprus has begun the process of exploratory drilling for gas south of its shores, its energy chief said on Monday, defying Turkey which has demanded it halt the work and threatened to carry out its own drilling north of the divided island.

Predicted Hydrocarbon Reserves in Azerbaijan Reach 10bn Tonnes

Τρι, 20 Σεπτεμβρίου 2011 - 13:22

By the calculations, the proven hydrocarbon reserves in Azerbaijan make up 4.2bn tonnes of conditional fuel and predicted reserves 10bn tonnes. The statement came from SOCAR president Rovnag Abdullayev.

BP Could Conclude Azeri-Chirag-Guneshli Deal by Year End

Τρι, 20 Σεπτεμβρίου 2011 - 13:21

BP Plc (BP/)’s talks with Azerbaijan on the deepwater section of the Azeri-Chirag-Guneshli field may be completed by the year-end, an Azeri energy official said.

Libya Restart May Not Increase Global Oil Supply

Δευ, 19 Σεπτεμβρίου 2011 - 18:10

European refiners dependent on Libyan crude must have breathed a sigh of relief when the regime of Col. Moammar Gadhafi suddenly fell and the rebels who ousted him quickly set about restoring lost oil production.

OPEC Head Sees Gulf Producers Cutting Output As Libya Resumes

Δευ, 19 Σεπτεμβρίου 2011 - 18:10

Gulf oil producers, already facing a weakening demand picture in 2011 and 2012, are expected to cut their output once Libya resumes production, OPEC's top official said Monday.

China's Goldwind Plans $200 Million US Wind Farm

Δευ, 19 Σεπτεμβρίου 2011 - 18:09

Wind-turbine maker Xinjiang Goldwind Science & Technology Co. (XJNGF, 2208.HK, 002202.SZ) plans to build a $200-million wind farm in Illinois in the latest attempt at clean-energy collaboration between China and the U.S., even as disputes over renewable-energy technology continue to grow.