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French Nuclear Watchdog: Operators To Submit Report By Sep.15

French Nuclear Watchdog: Operators To Submit Report By Sep.15

Δευ, 9 Μαΐου 2011 - 17:24

The French nuclear safety agency Autorite de Surete Nucleaire, or ASN, Monday said it had called for nuclear operators in France to submit by Sept. 15 a preliminary report regarding the safety of their major operations, as part of the audit of all French nuclear installations following the accident in Fukushima, in Japan.

Glencore Says Supplies 3% Of Worlds Oil Consumption

Glencore Says Supplies 3% Of World's Oil Consumption

Δευ, 9 Μαΐου 2011 - 17:24

Glencore supplies around 3% of the world's oil consumption, with its biggest customers the oil majors as well as national oil firms in India, Nigeria and Mexico, the company said in the prospectus for its initial public offering.

Poland Takes Lead as EU’s Shale Gas Promoter

Poland Takes Lead as EU’s Shale Gas Promoter

Δευ, 9 Μαΐου 2011 - 15:20

Poland said the development of shale gas across the EU should obtain the status of "a common European project," adding that it intends to promote the development of unconventional gas during its upcoming EU presidency.

Oil Price Didnt Reflect Spare Capacity-Bernstein

Oil Price Didn't Reflect Spare Capacity-Bernstein

Παρ, 6 Μαΐου 2011 - 15:40

An oil price of $125 a barrel didn't reflect the level of spare production capacity available, and Thursday's downward correction better reflects market fundamentals, says Bernstein Research. At the end of March, OPEC's effective spare capacity was around 4 million barrels a day, but the price of Brent crude implied the supply cushion was less than half that size, it says.

Greece Wont Sell Power Co Stake At Bargain Price -Prime Minister

Greece Won't Sell Power Co Stake At Bargain Price -Prime Minister

Παρ, 6 Μαΐου 2011 - 15:39

Greece won't sell a planned 17% stake in the country's dominant power company at a bargain price, the prime minister said Friday, adding that the further privatization of the utility represents an opportunity to find new strategic partners for the company.

Geopolitical Oil Risk Better Defined -Petromatrix

Geopolitical Oil Risk Better Defined -Petromatrix

Παρ, 6 Μαΐου 2011 - 15:39

The geopolitical risks to oil supply, principally from events in the Middle East and North Africa, are much better defined than a month ago and are therefore less of a pricing variable, says Petromatrix.

Sinopec, CNPC Expand China Fuel Outsourcing To Ensure Supply

Sinopec, CNPC Expand China Fuel Outsourcing To Ensure Supply

Παρ, 6 Μαΐου 2011 - 15:39

China's two largest oil companies, both state owned, are buying more gasoline and diesel from small private refineries to help bridge a supply shortfall as the summer full consumption peak season draws near.

Tepco: Fukushima No. 1 Reactor Special Cooling System To Be Installed By End-Month

Tepco: Fukushima No. 1 Reactor Special Cooling System To Be Installed By End-Month

Παρ, 6 Μαΐου 2011 - 15:38

Tokyo Electric Power Co. said Friday that special cooling equipment will be in place at one of the reactors at the quake-hit Fukushima Daiichi nuclear complex by the end of the month, making the safe shutdown of the reactor a realistic prospect for the first time since the crisis began nearly two months ago.

Iraq Denies UK Times Report To Halve Oil Output Target

Iraq Denies UK Times Report To Halve Oil Output Target

Πεμ, 5 Μαΐου 2011 - 17:21

Iraq denied a report Thursday by The Times of London that Iraq was preparing to halve its official crude production targets to between 6.5 million and 7 million barrels a day from the previously announced 12 million barrels a day in 2017.

Yemen To Export 2M Bbl Of Masila Crude Mid-May

Yemen To Export 2M Bbl Of Masila Crude Mid-May

Πεμ, 5 Μαΐου 2011 - 17:20

Yemen is expected to meet its obligation for the export of around two million barrels of Masila Blend in mid-May, a trade source familiar with the matter told Dow Jones Newswires Thursday.

Vattenfall CEO Says 2011 Important Year For Divestments

Vattenfall CEO Says 2011 Important Year For Divestments

Πεμ, 5 Μαΐου 2011 - 17:19

Swedish utility Vattenfall AB (VTF.YY), Europe's fifth-biggest electricity generator, Thursday said it will increase the speed on asset sales and hopes to close a large number of transactions this year.

India to Add 17 GW Renewable Energy in 2012-17

India to Add 17 GW Renewable Energy in 2012-17

Πεμ, 5 Μαΐου 2011 - 15:24

India plans to add 17,000 megawatts, or 17 gigawatts, of renewable-based power generation capacity between 2012-17, requiring an investment of up to 1.5 trillion rupees ($33.8 billion), as the country attempts to bridge its energy deficit and move to cleaner energy sources, the renewable energy secretary P. Uma Shankar said Thursday.