English Edition

China Says It Will Sue US Oil Giant For Spill

Τρι, 16 Αυγούστου 2011 - 13:52

China's maritime authority said Tuesday it will sue the American company behind a massive oil spill off its northeast coast for "damage to the environment."

Shell: Gannet Alpha Pipe Leaked In Two Places, From Same Source

Τρι, 16 Αυγούστου 2011 - 13:52

Two leaks have occurred on an undersea pipeline at Royal Dutch Shell PLC's (RDSA) Gannet Alpha platform in recent days, the Anglo-Dutch major confirmed Tuesday, but said it believed both come from the same initial source.

Iraq Oil Ministry: Shell, Iraq Gas JV To Produce 2 BCF/Day

Τρι, 16 Αυγούστου 2011 - 13:51

Iraq's gas deal with Royal Dutch Shell PLC (RDSA) to capture and exploit associated gas from its giant southern oil fields is expected to produce two billion cubic feet a day, according to an official agreement summary obtained by Dow Jones Newswires Tuesday.

Iran Welcomes Russian Nuclear Proposal

Τρι, 16 Αυγούστου 2011 - 13:51

Iran welcomes Russia's latest proposals for restarting talks on Tehran's controversial atomic program, top nuclear negotiator Saeed Jalili said Tuesday after two rounds of talks with Moscow's National Security Council secretary Nikolai Patrushev.

Petrobras Second-Quarter Profit Surges 32% on Increase in Offshore Output

Τρι, 16 Αυγούστου 2011 - 10:59

Petroleo Brasileiro SA, Brazil’s state-controlled oil producer, said quarterly profit rose 32 percent as it accelerated drilling in fields that are among the largest crude finds in the Americas in more than three decades.

China Speeds Up Reserves Construction

Τρι, 16 Αυγούστου 2011 - 10:57

China is accelerating the construction of eight crude oil reserve sites in the second-phase of its strategic plan, the official China Securities Journal reported.

Japan Official Suggests A Micro Nuclear Plan

Παρ, 12 Αυγούστου 2011 - 13:07

The Japanese minister in charge of national strategy said a new generation of smaller nuclear reactors might be the answer for a country traumatized by the March Fukushima Daiichi crisis, at a time when much of the nation is looking toward a nuclear-free future.

Japan July Power Output Down 8.6% On Year -Utility Federation

Παρ, 12 Αυγούστου 2011 - 13:07

Electricity generated by Japan's 10 regional power utilities fell 8.6% on year in July to 82.95 billion kilowatt-hours as, as the country's industries and households cut power consumption to avoid blackouts amid continued suspension of nuclear power plants across the nation, the Federation of Electric Power Companies said Friday.

China's Annual Oil Consumption Growth To Slow To 5%

Παρ, 12 Αυγούστου 2011 - 13:07

Growth in China's apparent oil consumption is expected to ease to an average 5% a year between 2011 and 2015, down from the 7.7% annual growth in the previous five years, the state-controlled China Daily reported Friday.

Romanian Transgaz 1H Net Profit Falls 3.8% To RON255M

Παρ, 12 Αυγούστου 2011 - 13:06

Romanian state-run natural gas pipeline operator Transgaz Medias (TGN.RO) Friday said its net profit fell 3.8% on the year to 255.2 million lei ($84.5 million) in the first half, due to higher costs, news agency Mediafax reports.

Saudis May React Fast To Oil Price Fall-Bernstein

Παρ, 12 Αυγούστου 2011 - 13:06

The world's largest oil exporter Saudi Arabia has reacted rapidly to previous falls in the oil price and demand by cutting production and would do so again, says Bernstein Research.

Ex-Libya Oil Minister Ghanem Shouldn't Have Post In New Govt-Rebels

Παρ, 12 Αυγούστου 2011 - 13:05

The former chairman of Libya's National Oil Company and de-facto oil minister, Shokri Ghanem, should not have a post in any new regime that could emerge if Col. Moammar Gadhafi is defeated, said a spokesman for the Libyan rebels Friday.

Contract Signed for Bulgaria- Greece Gas Pipeline

Παρ, 12 Αυγούστου 2011 - 11:18

Bulgarian Energy Holding (BEH) announced that today in Sofia the Bulgarian company ICGB AD, which has to design, build, and operate the gas interconnector Greece-Bulgaria, and the Consortium Penspen Ltd-C&M Engineering SA, have signed a contract for Front End Engineering Design (FEED) and Environmental Impact Assessment (EIA).

Global Financial Turmoil Threatens Greece’s Privatisation Programme

Πεμ, 11 Αυγούστου 2011 - 16:40

With a rescue plan for Greece’s economy agreed at the eurozone leaders’ summit on July 21, and the country’s huge debt stabilized for the time being, the socialist government of George Papandreou is now turning its attention to the implementation of an ambitious privatisation programme already voted through the Greek parliament early in July.

Households Curb Electricity Use

Πεμ, 11 Αυγούστου 2011 - 15:17

The financial crisis has forced Greek households to reduce their power consumption, while the number of unpaid electricity bills is increasing by the month.

GDF Suez, China's ICBC Sign MoU for Financing Cooperation

Πεμ, 11 Αυγούστου 2011 - 15:12

GDF Suez SA (GSZ.FR) and Industrial and Commercial Bank of China Limited (ICBAF) Thursday said they have signed a memorandum of understanding for a financing cooperation on a non-exclusive basis.