English Edition

Siemens, Prysmian Erect Windfarm Cable Link For Over EUR500M

Siemens, Prysmian Erect Windfarm Cable Link For Over EUR500M

German industrial conglomerate Siemens AG (SI) and Italian cable manufacturer Prysmian S.p.A. (PRY.MI) are erecting a power cable link for a North Sea offshore windfarm, worth more than EUR500 million, Siemens said Tuesday.

Russia Still Top Oil Producer As Saudis Narrow Gap

Russia Still Top Oil Producer As Saudis Narrow Gap

Russia remained ahead of Saudi Arabia as the world's top oil producer in July, producing 10.26 million barrels a day to match a post-Soviet oil output record reached in May, according to new government data published Tuesday by the Prime news agency.

Research on Chevron Corp. and BP plc - High Oil Prices Fueling Gains for Oil Majors

Research on Chevron Corp. and BP plc - High Oil Prices Fueling Gains for Oil Majors

Many large companies in the Integrated Oil and Gas sector have seen profits take off in the second quarter as several different factors have caused oil prices to continue rising. Companies in the sector such as Chevron Corp. and BP plc have both made significant gains in their stock prices this year.

Libya Years Away from Oil Recovery

Libya Years Away from Oil Recovery

Libyan oil production will take years, not months, to return to full capacity once a political solution to the conflict is found, according to Barclays Capital.

EU Offshore Wind Power Shows Solid Growth in First Half of 2011

EU Offshore Wind Power Shows Solid Growth in First Half of 2011

The European Wind Energy Association (EWEA) today published offshore wind energy statistics for the first half year of 2011, showing a comfortable 4.5% increase in installations of offshore capacity compared to the first half of 2010.

China To Target 10GW Solar Power, 13GW Biomass Power By 2015

China To Target 10GW Solar Power, 13GW Biomass Power By 2015

China will likely target a total of 10 gigawatts of solar-power capacity and 13 gigawatts of biomass-power capacity by 2015 in its new five-year strategic industry plan, the state-controlled Shanghai Securities News reported Monday.

US Govt: 6% Of US Gulf Oil Output, 3.5% Gas Shut In After Storm

US Govt: 6% Of US Gulf Oil Output, 3.5% Gas Shut In After Storm

About half of the daily oil and natural-gas production that had been shut down by Tropical Storm Don had resumed by Sunday, a sign that producers are sending workers back to sea and that facilities were likely not damaged by the relatively weak storm, federal regulators said.

China Unveils Benchmark Solar-Power Tariffs

China Unveils Benchmark Solar-Power Tariffs

China on Monday unveiled long-awaited benchmark solar-power tariffs that will make investment less risky and could boost domestic demand for solar panels.

Iraq July Oil Exports -4.8% On Month At 2.164 Mln B/D - SOMO

Iraq July Oil Exports -4.8% On Month At 2.164 Mln B/D - SOMO

Iraq's oil exports in July ran at an average 2.164 million barrels a day, or 4.8% less than in June due to increase in local consumption, the head of the State Oil Marketing Organization said Monday.

Yingli Solar PV Modules Installed in the Largest Solar Plant in Greece

Yingli Solar PV Modules Installed in the Largest Solar Plant in Greece

Yingli Green Energy Holding Company , a leading solar energy company which markets its products under the brand "Yingli Solar," announced that its PV modules have been installed in the largest solar plant in Greece. The 10 MW utility-scale solar project is located in Larissa, Greece and is expected to produce enough energy to power approximately 3,700 homes in the area.Yingli Green Energy is the exclusive PV module supplier for the project.

Imperial Oil 2Q Profit Up On Higher Crude Prices

Imperial Oil 2Q Profit Up On Higher Crude Prices

Imperial Oil Ltd. reported a 40% increase in second-quarter earnings and said its big Kearl oil-sands project in Alberta remains on track. The integrated oil and gas company, based in Calgary and controlled by Exxon Mobil Corp., earned a higher profit of C$726 million or 85 Canadian cents a share in the latest quarter, citing higher crude oil prices, stronger industry refining margins and increased Cold Lake bitumen production. However, higher royalty costs, lower Syncrude volumes and the stronger Canadian dollar weighed on results

Exxon Shuts Down Some US Gulf Oil,Gas Output Due To Tropical Storm Don

Exxon Shuts Down Some US Gulf Oil,Gas Output Due To Tropical Storm Don

Exxon Mobil Corp. said Thursday that it is shutting down production of about 8,000 barrels of oil and 50 million cubic feet a day of natural gas in anticipation of the passage of Tropical Storm Don through the western U.S. Gulf of Mexico. A spokesman for the world's largest publicly traded company said that Exxon is evacuating nonessential personnel from offshore facilities in the path of the storm