English Edition

Chinas Coal Imports Set Records in Month, Year

Τρι, 15 Φεβρουαρίου 2011 - 16:04

China's coal imports hit a record 17.3mn metric tonnes in December, up 25pc from November on higher volumes from Vietnam, Australia and Indonesia.

Azerbaijan Looks to Double Gas Output

Τρι, 15 Φεβρουαρίου 2011 - 16:03

Azerbaijan may double its current gas output to up to 52 billion cubic metres by 2020 after finding a major new gas deposit last year, Deputy Energy Minister Natik Abbasov was reported as saying today.

Iran And Turkey Determined To Strengthen Ties - Ahmadinejad

Δευ, 14 Φεβρουαρίου 2011 - 18:28

Iran and Turkey are determined to boost their political and economic ties, Iranian President Mahmoud Ahmadinejad told a joint press conference Monday with his visiting Turkish counterpart, Abdullah Gul.

Rosneft Discovers Two New Oil Fields In Siberia

Δευ, 14 Φεβρουαρίου 2011 - 18:27

Russian oil producer OAO Rosneft (ROSN.RS) has discovered two new oil and gas fields in Siberia with recoverable reserves of around 80 million metric tons each, the company said Monday.

Iraq To Sign Akkas Gas Field Deal Feb 22-24

Δευ, 14 Φεβρουαρίου 2011 - 18:27

Iraq expects to sign an agreement for the Akkas natural gas field next week after clearing some demands that led to the deal being postponed at the last minute in November, a senior Iraqi Oil Ministry official said Monday.

Iraq To Up Export Capacity By 900,000 B/D This Year

Δευ, 14 Φεβρουαρίου 2011 - 18:27

Iraq will be able to raise its crude oil export capacity by 900,000 barrels a day by the end of this year, bringing its total export capacity to around 3 million barrels a day, the country's deputy oil minister said Monday.

White House Looks To Repeal $4B In Oil Industry Tax Breaks

Δευ, 14 Φεβρουαρίου 2011 - 18:26

The Obama administration is looking to eliminate about $4 billion in tax breaks for the oil and gas industry in 2012, hoping to raise revenue to offset the costs of clean and renewable energy projects.

WTI Irrelevant; Brent Better For Forecasting

Δευ, 14 Φεβρουαρίου 2011 - 18:26

Raymond James calls West Texas Intermediate "essentially irrelevant" as a crude-price benchmark and crowns Brent the new king of crude oil. The WTI inventory hub in Cushing, Okla., is bottlenecked, causing stocks to rise and depressing prices.

Gazprom Sees 2011 Europe Exports 151.5 BCM -Analyst

Παρ, 11 Φεβρουαρίου 2011 - 18:50

Russia's OAO Gazprom (GAZP.RS), the world's biggest producer of natural gas, said Friday it plans to export 151.5 billion cubic meters of gas to Europe in 2011, an analyst attending the company's investor day meeting told Dow Jones Newswires.

Total: Happy To Partner EDF On Intl Nuclear Projects

Παρ, 11 Φεβρουαρίου 2011 - 18:50

French oil major Total SA (TOT) would be happy to partner with French state-controlled power giant Electricite de France SA (EDF.FR) on international nuclear projects, Total's head of gas and power division Philippe Boisseau said Friday.

Brent Rises $1/Bbl Amid Tension In Middle East

Παρ, 11 Φεβρουαρίου 2011 - 18:50

Oil futures continue to strengthen as tensions in the Middle East dominate market sentiments Friday. Front-month Brent rises more than a dollar to the intra-day high of $101.95/bbl as traders mull the consequence of Egypt's President's decision to stay in office until September.

TNK-BP Board To Examine BP Proposal On Rosneft Deal - Report

Παρ, 11 Φεβρουαρίου 2011 - 18:49

The board of Anglo-Russian oil joint venture TNK-BP Ltd. will examine information from BP PLC (BP) regarding its alliance with OAO Rosneft (ROSN.RS) at a meeting on Feb. 18, the Interfax news agency reports Friday, citing TNK-BP Deputy Chief Executive Maxim Barsky.

Czech CO2 Registry Aims to Reopen In Final Full Week Of February

Παρ, 11 Φεβρουαρίου 2011 - 18:49

The Czech carbon emissions registry OTE AS aims to reopen in the week of Feb. 21, but it's up to the European Commission to grant clearances that would enable resumed trading, an official at the registry said Friday.

NuStar Energy Closes on Terminal Joint Venture in Turkey

Πεμ, 10 Φεβρουαρίου 2011 - 18:37

NuStar Energy L.P. (NYSE: NS) today announced that it has closed on a joint venture with Turkish companies S-Oil and Aves that gives NuStar majority ownership and operational control of two petroleum terminals in Turkey. NuStar will acquire a 75 percent ownership stake in the joint venture for a price of approximately $54 million. The transaction is expected to be immediately accretive to NuStar Energy's distributable cash flow per unit.

China Extends Moratorium On New Coal Mining Permits For 3 Years

Πεμ, 10 Φεβρουαρίου 2011 - 18:36

China will extend a temporary moratorium on new coal mining permits for three years, the Ministry of Land and Resources said in a statement Thursday.

Delek Increases Its Stake In Units Controlling Gas Reserves

Πεμ, 10 Φεβρουαρίου 2011 - 18:36

Delek Group Ltd. (DLEKG.TV) said Thursday that it spent 5.02 million shekels ($1.36 million) Wednesday to increase its stakes in its subsidiaries involved in the Leviathan and Tamar natural gas reserves offshore Israel.