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Repsol Adds To Hunt For Offshore Oil In Colombia

Repsol Adds To Hunt For Offshore Oil In Colombia

Πεμ, 7 Απριλίου 2011 - 17:54

Colombia's state-controlled oil company Ecopetrol (ECOPETROL.BO) reached a deal with Repsol YPF SA (REP.MC) for the Spanish oil major to participate in two more offshore exploration projects in the Caribbean.

Japan May Enlarge Evacuation Zone, Nitrogen Injection Continues

Japan May Enlarge Evacuation Zone, Nitrogen Injection Continues

Πεμ, 7 Απριλίου 2011 - 17:54

Japan may look to extend the evacuation zone around the quake-damaged Fukushima Daiichi nuclear power plant, the government's top spokesman said Thursday, as towns and villages around the plant continued to feel the impact of a radiation fallout, even after the plant itself showed signs of moving toward stability.

ERG Interested In Rebels Libyan Oil If Rules Clear

ERG Interested In Rebels' Libyan Oil If Rules Clear

Πεμ, 7 Απριλίου 2011 - 17:54

ERG SpA (ERG.MI) is interesting in buying oil again from Libya, including crude sold by the rebels fighting Col. Moammar Gadhafi, as long as it does so under clear rules, said the chief executive in an interview Thursday.

Areva NP Offices Searched In Suspected Bribery Case

Areva NP Offices Searched In Suspected Bribery Case

Πεμ, 7 Απριλίου 2011 - 17:53

German prosecutors said Thursday they are conducting an investigation against one current and four former employees of nuclear-power company Areva NP, as well as three consultants, in a case linked to possible bribery and breach of trust.

Novatek 1Q Natural Gas Output Up 35% To 13.43 BCM

Novatek 1Q Natural Gas Output Up 35% To 13.43 BCM

Πεμ, 7 Απριλίου 2011 - 17:53

Russia's second-biggest natural gas producer OAO Novatek (NVTK.RS), part-owned by France's Total SA (TOT), Thursday said its gas output in the first quarter rose 35% from a year earlier to 13.43 billion cubic meters.

5% of Worlds Gas Wasted in Flaring

5% of World's Gas Wasted in Flaring

Τετ, 6 Απριλίου 2011 - 17:58

General Electric, ranked by Forbes as the second largest company in the world after JPMorgan Chase, has released a study warning that 5% of the world's natural gas production is wasted by burning or 'flaring' unused gas.

World Bank Approves Loan for FYROMs Power Transmission System Operator

World Bank Approves Loan for FYROM's Power Transmission System Operator

Τετ, 6 Απριλίου 2011 - 17:57

The World Bank’s Board of Executive Directors approved on Monday US$19.1 Million of additional financing for the Energy Infrastructure Improvement Project, as part of the broader Energy Community of South East Europe Project, aims to support the functioning of FYR Macedonian Power Transmission System Operator (MEPSO) in the context of the regional power market.

RWE Dea: No Reason To Revise Output Targets On Libya Unrest-CEO

RWE Dea: No Reason To Revise Output Targets On Libya Unrest-CEO

Τετ, 6 Απριλίου 2011 - 17:55

RWE Dea, the natural gas and crude oil production unit of German utility RWE AG (RWE.XE), said Wednesday that political upheaval in some of the countries it is targeting for upstream operations is no reason to revise longer-term output targets.

China Confirms To Boost Gasoline, Diesel Prices

China Confirms To Boost Gasoline, Diesel Prices

Τετ, 6 Απριλίου 2011 - 17:54

China will raise gasoline and diesel prices on Thursday to reflect higher crude prices, the National Development and Reform Commission said in a statement Wednesday.

IEA Deputy Head: Oil Mkt Seems Well Supplied, No Supply Gap From Libya

IEA Deputy Head: Oil Mkt Seems Well Supplied, No Supply Gap From Libya

Τετ, 6 Απριλίου 2011 - 17:54

The deputy head of the International Energy Agency, or IEA, said Wednesday that the world's oil market seems well supplied even with a loss of 1.5 million barrels a day from Libya, while a recent oil price spike reflects fears over Middle East turmoil rather than a supply shortage.

Spain To Slash Energy Bill By EUR11.5B By 2020

Spain To Slash Energy Bill By EUR11.5B By 2020

Τετ, 6 Απριλίου 2011 - 17:53

Spain unveiled plans Wednesday to reduce energy consumption and cut its energy bill by EUR11.5 billion by 2020. The bulk of the savings, EUR9.5 billion ($13.5 billion), will come from the railway sector, the transportation ministry which developed the plan said in a statement.

Japan Nuclear Review To Delay UK Reactor Approvals

Japan Nuclear Review To Delay UK Reactor Approvals

Τρι, 5 Απριλίου 2011 - 17:45

The U.K.'s joint nuclear regulators Tuesday said they would delay giving interim acceptance for the two reactor designs being assessed for operation in the U.K., marking the first delay to multi-billion pound plans to build a new fleet of reactors due to the nuclear crisis in Japan.

Turkey Presses Libyan Regime For Truce, Reform: Diplomat

Turkey Presses Libyan Regime For Truce, Reform: Diplomat

Τρι, 5 Απριλίου 2011 - 17:44

Turkey has pressed for a ceasefire and political reform in Libya in talks with an envoy of Moammar Gadhafi's regime, but there was no immediate agreement, a senior diplomat said Tuesday.