English Edition

Yingli Sees Surprise Sequential Drop In 1Q Shipments

Τετ, 11 Μαΐου 2011 - 19:00

Yingli Green Energy Holding Co. (YGE) said it expects to report a surprise drop in shipments for the first quarter from the fourth quarter because of subsidy policy changes in Italy, joining other companies in the solar-energy sector that have warned of disappointing results in recent days.

Saudi Aramco Starts Low Sulphur Diesel Production At Ras Tanura

Τετ, 11 Μαΐου 2011 - 18:59

Saudi Arabian Oil Co., or Saudi Aramco, said Wednesday it started production at its new low-sulphur diesel unit at its Ras Tanura refinery on the Persian Gulf coast.

BP Plans To Take Part In Brazil's Next Concession Round

Τετ, 11 Μαΐου 2011 - 18:59

BP PLC (BP, BP.LN) plans to participate in the next auction of oil and natural-gas concessions in Brazil, BP Brasil President Guillermo Quintero said Wednesday.

E.ON Profits Fall On Power, Gas Margins; Outlook Cut

Τετ, 11 Μαΐου 2011 - 18:58

E.ON AG (EOAN.XE) Wednesday reported a 23% drop in first-quarter operating earnings, saying poor margins in its power generation and gas wholesale business took their toll on profitability.

Kazakhstan's KazMunaiGas Pulls Out Of Iraq Field Deal

Τετ, 11 Μαΐου 2011 - 18:58

Kazakhstan's state fuel producer, KazMunaiGas EP JSC (RDGZ.KZ) has withdrawn from a deal to develop one of Iraq's largest gas fields near the border with Syria, a senior Iraqi oil official said Wednesday.

OPEC: Oil To Stabilize As Supply, Demand In Balance

Τετ, 11 Μαΐου 2011 - 18:58

A good balance between oil supply and demand backed up by adequate inventories and spare production capacity show that last week's big drop in oil prices was "inevitable" and "in line with short-term market fundamentals," the Organization of Petroleum Exporting Countries said Wednesday in its monthly report.

Kosmos Energy IPO Raises More than Expected

Τετ, 11 Μαΐου 2011 - 15:24

Oil company Kosmos Energy Ltd, which is known for its discovery of a major oil field in West Africa, raised more than expected in its initial public offering on Tuesday, selling more shares than planned at the top of the proposed price range, an underwriter said.

Energy Firms Face New Efficiency Regime

Τετ, 11 Μαΐου 2011 - 15:22

Energy companies will need to make savings among final customers of 1.5% a year under a new regime of audits, inventories and savings obligations outlined in a draft directive seen by EurActiv.

Offshore Wind Farm Builder May Tap Bond Market For Financing

Τρι, 10 Μαΐου 2011 - 17:24

Bankers have started mapping out financing for Cape Wind, the first offshore wind farm in North America, and part of it could come in the form of a bond.

Turkey's Sale Of Baskent Dolalgas To MMEKA Cancelled

Τρι, 10 Μαΐου 2011 - 17:24

The sale of Turkish natural gas distributor Baskent Dogalgaz to MMEKA Makina Ithalat Pazarlama ve Ticaret AS has been cancelled after the joint venture failed to pay the $1.2 billion it bid for a 80% stake in August, Turkey's privatization agency said Tuesday.

RWE CEO: Legal Action Against German Nuclear Tax Likely

Τρι, 10 Μαΐου 2011 - 17:23

RWE AG's (RWE.XE) Chief Executive Juergen Grossmann Monday gave his strongest indication yet that the utility will go to court to fight against the tax on nuclear fuel that the German government introduced at the beginning of the year.

Gazprom CEO: April, May Europe Gas Exports Up From 2010

Τρι, 10 Μαΐου 2011 - 17:23

Russian gas firm OAO Gazprom (GAZP.RS) exported 21% more gas to Europe in April compared with the same month last year, the company's Chief Executive Alexei Miller said Tuesday.

Bids Come In For Swiss Meter Maker Landis&Gyr

Τρι, 10 Μαΐου 2011 - 17:22

Swiss electric meter maker Landis&Gyr AG received several bids in the second round of a sale process by Monday's deadline, people familiar with the situation told Dow Jones Newswires Tuesday.