English Edition

Enel, Sharp, STMicro Inaugurate Italy Photovoltaic JV Plant

Παρ, 8 Ιουλίου 2011 - 18:18

Enel SpA (ENEL.MI), Sharp Corp. (6753.TO) and STMicroelectronics NV (STM) Friday inaugurated their Italian facility to produce photovoltaic panels for an initial total investment of almost EUR400 million as they target the growing solar renewable market.

GDF-Suez Says It Will Bid For French Wind Farm Tender

Παρ, 8 Ιουλίου 2011 - 18:18

French energy company GDF-Suez (GDF.FR) said Friday it is teaming up with construction and concession company Vinci SA (DG.FR) and nuclear technology group Areva SA (AREVA.FR) to bid in a multibillion-euro French government tender for an offshore wind farm project.

Kuwait Oil Output May Rise To 2.7M B/D In July

Παρ, 8 Ιουλίου 2011 - 18:18

Kuwait could increase its crude production to about 2.7 million barrels a day in July, a Gulf oil official said Friday, suggesting a consumers' stockpile release hasn't hindered the producer's plans to boost output so far.

Putin: Oil Firms Failed To Modernize Refining Segment

Παρ, 8 Ιουλίου 2011 - 18:17

Russian oil companies have failed to live up to their obligations to modernize the refining sector, the country's Prime Minister Vladimir Putin said Friday.

Oil and Gas Exploration Rights Granted in Bosnia-Herzegovina

Παρ, 8 Ιουλίου 2011 - 18:17

Naftna Industrija Srbije AD said its joint venture in Bosnia-Herzegovina with OAO Zarubezhneft’s Neftegazinkor unit is to start oil and gas exploration after local authorities gave it a 28-year concession.

Total Eyes Role In Brazil Pre-Salt Resources Development

Πεμ, 7 Ιουλίου 2011 - 18:32

French oil and gas major Total SA (TOT) is "well prepared" to take part in the development of Brazil's pre-salt oil resources, Total's head of exploration and production, Yves-Louis Darricarrere, said Thursday.

Sinopec Bonded Bunker Fuel Sales Reach 200,000 Tons/Month

Πεμ, 7 Ιουλίου 2011 - 18:32

China Petroleum and Chemical Corp. (SNP), better known as Sinopec, is quickly chipping away at PetroChina Co.'s (PTR) once dominant position in China's bunker fuel market as it expands to more ports and acquires more infrastructure.

China, North Korea To Boost Renewable Energy Cooperation

Πεμ, 7 Ιουλίου 2011 - 18:31

China and North Korea signed an agreement Wednesday to share their experience and beef up cooperation in exploring and utilizing renewable energy, state-run Xinhua News Agency reported Thursday.

Several Firms Show Interest In New Iraq Oil Bidding Round

Πεμ, 7 Ιουλίου 2011 - 18:31

Several international companies have submitted documents to the Iraqi oil ministry to qualify them to take part in the country's fourth oil and gas licensing auction scheduled for January, one document and persons close to the ministry said Thursday.

2010 Global Renewable Energy Invest At Record $211 Bln

Πεμ, 7 Ιουλίου 2011 - 18:31

Global investment in renewable energy rose nearly a third in 2010 compared with the previous year to a record $211 billion on large wind projects in China and small-scale roof-top solar installations in Europe, the United Nations Environment Program said Thursday in its annual report on the sector.

Russia's Kudrin: 2011 Budget Balanced If Oil Averages $118/Bbl

Πεμ, 7 Ιουλίου 2011 - 18:30

Russian Finance Minister Alexei Kudrin said Thursday the 2011 budget will be balanced only if Urals crude averages $118 a barrel.

S Korea Adjusts Oil-Product Volume In Release Of Emergency Reserves

Τετ, 6 Ιουλίου 2011 - 18:19

South Korea has increased the proportion of petroleum products that will comprise the stocks of oil that it plans to release from emergency reserves, in line with the preferences of local refiners, Korea National Oil Corp. said Wednesday.

National Grid Sees Steep Decline In UK Gas Output This Winter

Τετ, 6 Ιουλίου 2011 - 18:18

The coming winter is likely to see a much sharper-than-usual fall in U.K. natural gas production due to the decline of existing fields and a low number of new resources coming onstream, U.K. utility National Grid PLC (NGG) said Wednesday.