English Edition

LUKOIL Bulgaria May Extend Freeze on Retail Fuel Prices

Τρι, 26 Απριλίου 2011 - 15:19

Russia's Lukoil, owner of Bulgaria's only oil refinery, may agree to extend the one-month freeze on retail fuel prices, which expired during the Easter holidays, according to insiders.

Pilot Power Push for Households

Παρ, 22 Απριλίου 2011 - 11:49

Based on an agreement signed on Thursday, about 1,000 households will be able to upgrade the energy efficiency of their home, without paying up front for it, as the payment of the investment will be spread over time and made every two months via electricity bills.

Chevron Tries In US Court To Block Ecuador Ruling

Παρ, 22 Απριλίου 2011 - 11:49

Chevron Corp. (CVX) on Thursday said it has filed an amended complaint in a New York federal court to block enforcement and recognition of a multibillion-dollar ruling against the energy giant, alleging further fraud and corruption in the case.

Rosneft, Lukoil Agree To Joint Offshore-Exploration Deal

Παρ, 22 Απριλίου 2011 - 11:48

Russian state oil champion OAO Rosneft (ROSN.RS) and the country's biggest private oil producer, OAO Lukoil Holdings (LKOH.RS), on Thursday signed a long-term cooperation deal that includes offshore exploration in Russian Arctic waters.

US Oil Rig Count Tops Gas For First Time Since 1995 - BHI

Παρ, 22 Απριλίου 2011 - 11:48

There were more drilling rigs seeking crude oil than natural gas in the U.S. this week for the first time since 1995, Baker Hughes Inc. (BHI) said, as companies look to take advantage of soaring oil prices.

Japan METI: To Offer Y10 Bln To Promote In-House Power Generation

Παρ, 22 Απριλίου 2011 - 11:48

The Ministry of Economy, Trade and Industry said Friday that it plans to earmark Y10 billion to subsidize in-house power generation by large-scale power users as part of efforts to narrow a power supply-demand gap expected this summer in areas hit by last month's massive earthquake and tsunami.

China NEA: Expect 2011 Power Use To Rise 10%-12%

Παρ, 22 Απριλίου 2011 - 11:47

China's National Energy Administration said Friday that the nation's power consumption will likely rise 10%-12% this year to 4.61 trillion-4.69 trillion kilowatt hours, with supply tightness likely in the summer.

Greenpeace Sends Rainbow Warrior To Test Japan Seawater

Πεμ, 21 Απριλίου 2011 - 17:03

Greenpeace said Thursday it is sending its Rainbow Warrior flagship to Japan to test seawater and marine life near the tsunami-hit Fukushima nuclear plant which is leaking radiation.

Italy New Photovoltaic Aid System To Have EUR6 Bln Cap

Πεμ, 21 Απριλίου 2011 - 17:02

The new incentives scheme for Italy's photovoltaic sector will have a cap of about EUR6 billion as the government aims to limit the cost of the system, writes daily La Stampa Thursday, citing Industry Ministry Undersecretary Stefano Saglia in an interview.

BP Needs Antitrust OK For Rosneft Deal Settlement

Πεμ, 21 Απριλίου 2011 - 17:02

Neither BP PLC (BP) nor OAO Rosneft (ROSN.RS) have applied to Russia's anti-trust body for clearance of a possibly acquisition of a stake in Anglo-Russian oil joint venture TNK-BP Ltd., the head of the Federal Anti-Monopoly Service, or FAS, Igor Artemyev said Thursday.

EDF Presented Improvement Plans To Nuclear Safety Body

Πεμ, 21 Απριλίου 2011 - 17:01

French state-controlled power group Electricite de France SA (EDF.FR), the world's largest nuclear operator, Thursday announced a set of recommendations to France's nuclear safety regulator, following the Fukushima nuclear accident.

Gulf Plan Offers Yemen President 30-Day Departure

Πεμ, 21 Απριλίου 2011 - 17:00

A plan from Gulf mediators calls for embattled Yemeni President Ali Abdullah Saleh to quit 30 days after a national unity government is formed, a government official said Thursday.

Transneft: China Owes Russian Cos $180 Mln For 1Q Oil Supply

Πεμ, 21 Απριλίου 2011 - 16:59

China National Petroleum Corp., or CNPC, owes Russian companies $180 million for unpaid oil bills in the first three months of the year, Russia's oil pipeline operator OAO Transneft (TRNFP.RS) said Thursday.

Putin to Save Russian Oil Cash

Τετ, 20 Απριλίου 2011 - 16:31

Russia is to use it position as the world’s largest oil producer to double its Reserve Fund this year, Prime Minister Vladimir Putin has vowed.

Shenhua Energy: Beijing Seeks 5 Mln Tons For National Coal Reserve Phase 1

Τετ, 20 Απριλίου 2011 - 16:24

China aims to stock up 5 million metric tons of coal in the first phase of a proposed national coal reserve, China Shenhua Energy Co. (1088.HK) said Wednesday.

BP Sees $82B Of Value Destruction -Citigroup

Τετ, 20 Απριλίου 2011 - 16:23

One year since the Macondo accident, BP's equity has fallen about 23% in US dollar terms, implying value destruction of $82B, says Citigroup. It thinks $22B is directly attributed to tangible accident costs, so "the debate for investors is whether the other $60B of value loss is an intangible cost of the spill or an investment opportunity."