English Edition

Total Raises Oil, Gas Output Growth Outlook To 2.5% For 2010-2015

Δευ, 26 Σεπτεμβρίου 2011 - 15:27

French oil major Total SA Monday raised its outlook for annual production growth to 2.5% from 2% and said project start-ups during this stretch should produce around 600,000 barrels of oil equivalent a day by 2015, according to slides to be presented later in the day at an analyst conference here. Total said in its annual investor presentation last September that it would increase oil and gas output 2% annually between 2009 and 2014

Oil, Guns and Candy Floss: Don't Expect Business as Usual in Libya, Yet

Δευ, 26 Σεπτεμβρίου 2011 - 15:25

A message to foreign oil companies eager to pump Libyan oil again: don't expect business as usual just yet. But once the war-torn nation puts its act together, expect a roaring oil tiger. Neither totally at war nor really at peace, Libya still faces an uphill struggle to ramp up its production back to 1.6 million barrels a day--and to bring Africa's largest oil reserves to European consumers

End Doublespeak on Energy Efficiency, EU States Told

Δευ, 26 Σεπτεμβρίου 2011 - 13:06

The European Commission's top energy official has criticised EU member sates for holding a double language on the bloc's target to cut energy use by 20% by the end of the decade.

Asia-Pacific to Drive Global Gas Demand

Δευ, 26 Σεπτεμβρίου 2011 - 13:05

Rising natural gas consumption in China and India will underpin strong global gas demand in the near term, according to UK bank HSBC.

Iran Halts Exports to Turkey

Δευ, 26 Σεπτεμβρίου 2011 - 13:04

Iran has halted gas exports to Turkey after Turkish authorities requested a halt to enable them to check for a possible pipeline fault, the Iranian Oil Ministry website Shana has announced.

Nabucco Could Merge with Other Pipelines

Παρ, 23 Σεπτεμβρίου 2011 - 16:55

The 31bn m³/yr Nabucco pipeline project could end up being merged with competing southern corridor pipelines Trans-Adriatic pipeline (Tap) and Italy-Turkey-Greece Interconnector (ITGI), Austrian OMV chief executive Gerhard Roiss said.

China To Tighten Emission Standards For Thermal Power Plants

Πεμ, 22 Σεπτεμβρίου 2011 - 17:52

China will tighten emission standards for thermal power plants for the first time since 2003, the state-run China Daily reported Thursday, citing the Ministry of Environmental Protection.

Fukushima To Slow Global Nuclear Industry - Rio Exec

Πεμ, 22 Σεπτεμβρίου 2011 - 17:52

Japan's Fukushima nuclear accident in March has damaged the credibility of the uranium mining industry and will slow nuclear power growth for up to two years, a Rio Tinto PLC (RIO) executive said Thursday.

GM, GE Plan To Cooperate On Electric Car Charging Stations In China

Πεμ, 22 Σεπτεμβρίου 2011 - 17:51

General Motors (GM) and General Electric (GE) signed a memorandum of understanding to cooperate on deploying electric vehicle charging stations in China, the companies said Thursday.

Eni Chairman: Resuming Libya Oil Output Could Take Up To A Year

Πεμ, 22 Σεπτεμβρίου 2011 - 17:51

Eni SpA (ENI.MI, E) expects to resume some Libyan natural gas production by mid-October, though oil production could take much longer, Chairman Giuseppe Recchi said in an interview with The Wall Street Journal and Dow Jones Newswires.

China, US Aim To Deploy CO2 Capture, Storage By 2020-Statement

Πεμ, 22 Σεπτεμβρίου 2011 - 17:50

Senior U.S. and Chinese officials said Thursday the two countries needed to urgently increase carbon capture utilization and storage demonstrations and enable commercial deployment of the technology by the end of the decade.

EU Gives Blanket Offer To Resume Iran Nuclear Talks

Πεμ, 22 Σεπτεμβρίου 2011 - 17:50

The European Union Thursday offered to resume face-to-face talks with Iran over its nuclear activities, "without pre-conditions," a spokeswoman for foreign affairs chief Catherine Ashton said.

Azerbaijan Exports Over 49,000 Tonnes of Liquefied Gas

Πεμ, 22 Σεπτεμβρίου 2011 - 16:46

In January-July, Azerbaijan exported 49,795 tonnes of liquefied gas worth $5,269,000. Compared to the same period of the last year, production export has dropped by 46.3%, The liquefied gas revenues have dropped by 41.2%.

Turkey Cannot Block Israel's Oil Supply

Πεμ, 22 Σεπτεμβρίου 2011 - 16:02

"The underground facility" is what Israelis call a strategic installation. The precise details, and even its location, may not be published. It is only possible to mention that it is located somewhere in the south, deep underground, protected from conventional and nonconventional, even nuclear, attack.

Russia to Begin Barents Sea Shelf Exploration in 2012

Πεμ, 22 Σεπτεμβρίου 2011 - 14:14

Russia will begin geological exploration of the promising Barents Sea shelf located on the border with Norway in 2012, Russia's Natural Resources Minister Yury Trutnev said on Thursday.

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.