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BP Sees Russian Office Raids As Pressure

BP Sees Russian Office Raids As Pressure

Τετ, 31 Αυγούστου 2011 - 16:25

Russian raids on BP's PLC (BP.LN) Moscow offices are a means of pressuring the company's business activities within the country, BP Russia head Jeremy Huck said Wednesday, Interfax reported.

Italy Unblocks 500 Million Euros For Libya

Italy Unblocks 500 Million Euros For Libya

Τετ, 31 Αυγούστου 2011 - 16:24

Italy on Wednesday unblocked EUR500 million in Libyan assets for the North African country's new leadership, Italian news agency ANSA quoted Foreign Minister Franco Frattini as saying during a visit to Hungary.

Bulgaria Jurassic Etropole Shale Gas Drilling Set

Bulgaria Jurassic Etropole Shale Gas Drilling Set

Τετ, 31 Αυγούστου 2011 - 11:34

LNG Energy Ltd., Vancouver, BC, entered into a term sheet with a unit of TransAtlantic Petroleum Ltd., Dallas, to earn a 50% interest in a future shale gas production concession in northwestern Bulgaria.

Ocean Rig Sees Brisk Business

Ocean Rig Sees Brisk Business

Τετ, 31 Αυγούστου 2011 - 11:33

Dryships spinoff Ocean Rig UDW narrowed its profit in the six months ending in June, but kept its business in the black as its parent company slid to a steep loss.

Greeces PPC First-Half Profit Slumps On Costs, Weak Demand

Greece's PPC First-Half Profit Slumps On Costs, Weak Demand

Τρι, 30 Αυγούστου 2011 - 17:19

Greek state-controlled utility Public Power Corp. SA (PPC.AT) Thursday reported a 63% drop in first-half net profit amid higher costs and weak demand. However, the company broadly met market expectations with first-half net profit of EUR128.8 million, and said there were signs that some recent market share losses were flattening out.

FirstEnergy: 280,000 Still Without Power In NJ, Pa., Md.

FirstEnergy: 280,000 Still Without Power In NJ, Pa., Md.

Τρι, 30 Αυγούστου 2011 - 17:18

FirstEnergy Corp. (FE) said 280,000 customers in New Jersey, Pennsylvania and Maryland remain without power as a result of Hurricane Irene, which barreled up the East Coast over the weekend.

Libyas Oil Exports To Support Oil Tanker Rates In 2012

Libya's Oil Exports To Support Oil Tanker Rates In 2012

Τρι, 30 Αυγούστου 2011 - 17:17

A restart of Libyan oil exports will lead to a renewed fixing of tankers, which should boost Mediterranean freight rates in 2012, Peter Sand, chief shipping analyst at The Baltic and International Maritime Council told Dow Jones Newswires Tuesday.

Gadhafi Still Able To Control And Command Troops - NATO

Gadhafi Still Able To Control And Command Troops - NATO

Τρι, 30 Αυγούστου 2011 - 17:17

Moammar Gadhafi is still able to command and control his remaining troops even though the Libyan leader is on the run, a NATO spokesman said Tuesday, adding that his whereabouts are unknown.

Eni Signs Libya Agreement, Paving Way To Restart Of Operations

Eni Signs Libya Agreement, Paving Way To Restart Of Operations

Δευ, 29 Αυγούστου 2011 - 18:51

Italy's energy giant Eni SpA (E) said Monday it signed a memorandum with the Libyan National Transitional Council, or NTC, that strengthens co-operation in the country and paves the way to the restart of Eni's oil and gas operations there.

Iraq Contract May Force Oil Majors To Cede Gas To Shell

Iraq Contract May Force Oil Majors To Cede Gas To Shell

Δευ, 29 Αυγούστου 2011 - 18:50

Oil companies including BP PLC (BP), Exxon Mobil Corp. (XOM), Eni SpA (E) and China National Petroleum Corp. could have to surrender most of the gas they extract from Iraq's southern fields to a project led by Royal Dutch Shell PLC (RDSA), Reuters reported Monday, citing a "final draft contract" between the Iraqi government and the U.K. giant.