English Edition

BP CEO: Russian Injunction Against Rosneft Deal Likely To Succeed

Τρι, 1 Φεβρουαρίου 2011 - 17:16

BP PLC's (BP) partners in its Russian joint venture TNK-BP are likely to obtain an injunction to temporarily halt talks between BP and OAO Rosneft (ROSN.RS) about an Arctic exploration deal, BP Chief Executive Bob Dudley said Tuesday.

Iraq Wants Brazil's Petrobras To Invest In Refining

Τρι, 1 Φεβρουαρίου 2011 - 17:16

Iraq wants Brazilian state-run energy company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, to help the country increase its refining capacity, a key government official told local business daily Valor Economico.

Oil Traders Look To Egypt

Τρι, 1 Φεβρουαρίου 2011 - 17:16

For oil traders used to basing decisions on algorithms or equities, it's time to bone up on old-fashioned supply and demand--or exit gracefully.

IEA: Middle East Unrest Key Uncertainty For Oil

Δευ, 31 Ιανουαρίου 2011 - 18:33

The deputy head of the International Energy Agency warned Monday that political unrest in North Africa and the Middle East was a "key" uncertainty hanging over oil markets.

EU Urges Egypt's Mubarak To Immediately Enter Talks With Opposition

Δευ, 31 Ιανουαρίου 2011 - 18:32

EU chief diplomat Catherine Ashton urged Egyptian President Hosni Mubarak to immediately hold talks with the opposition Monday and respond to the aspirations of anti-government protesters.

Anadarko: Gulf Project Production Delayed By Unfit Equipment

Δευ, 31 Ιανουαρίου 2011 - 18:32

Anadarko Petroleum Corp. (APC) said its Caesar/Tonga deepwater oil development project in the Gulf of Mexico will begin producing later than expected because testing has found equipment unfit for service.

BP's Partner In TNK-BP Approves Withholding 4Q Dividend

Δευ, 31 Ιανουαρίου 2011 - 18:32

Alfa-Access-Renova, or AAR, Monday approved withholding TNK-BP PLC's (TNBP.RS) $1.8 billion fourth-quarter dividend, which was due to be paid in February.

Saudi Has Significant Spare Oil Capacity: Minister

Δευ, 31 Ιανουαρίου 2011 - 18:31

Saudi oil minister Ali Ibrahim Al-Naimi said on Monday that the Gulf kingdom had "significant" spare capacity to help stabilize oil markets despite the prospect of continued volatility.

Exxon Upstream Net Benefits From WTI-Brent Spread

Δευ, 31 Ιανουαρίου 2011 - 18:31

Exxon Mobil's (XOM) 4Q international exploration and production results benefits from the sharp premium of Brent crude (benchmark for much of Europe and Asia), to Nymex WTI, Raymond James notes.

Greek Police Trace EU Carbon Thieves in Romania

Δευ, 31 Ιανουαρίου 2011 - 17:09

The theft of pollution permits that forced the closure of the spot market in EU emissions permits last week may have originated in Romania, a Greek police official said on Saturday (29 January).

TNK-BP to Block Dividend Payment in Protest Against BP-Rosneft Deal

Δευ, 31 Ιανουαρίου 2011 - 17:08

Russian shareholders of the TNK-BP joint venture plan to block dividend payments in opposition to the Rosneft-BP share swap deal in a move that could cost BP $1 billion, a business daily said on Monday.

Brent Could Rise Over $100/bbl On US GDP - SEB

Παρ, 28 Ιανουαρίου 2011 - 18:04

North Sea Brent crude could rise above $100/bbl if US GDP figures due for release at 1330 GMT surprise to the upside, says Filip Petersson at SEB Commodity Research. However, the overall outlook for Brent remains neutral-to-bearish as several fundamental supports have weakened lately.

German CO2 Emissions Registry Remains Closed For Time Being

Παρ, 28 Ιανουαρίου 2011 - 18:03

Germany's carbon dioxide emissions registry remains closed, and it's still unclear how long the closure will last, a spokeswoman for the Deutsche Emissionshandelsstelle told Dow Jones Newswires Friday.

Iran Nuclear Plant Will Be Ready In April

Παρ, 28 Ιανουαρίου 2011 - 18:03

Iran's first nuclear power plant will be ready to generate electricity on April 9, atomic energy chief Ali Akbar Salehi said Friday, in signs of yet another delay.

The Sweet Spot For Big Oil - Goldman Sachs

Παρ, 28 Ιανουαρίου 2011 - 18:02

This year will be the "sweet spot" for earnings at large oil companies as high oil and gas prices boost margins, but ample capacity in the oil service industry keeps a lid on costs, says Goldman Sachs. "We forecast 2011 EPS growth of 27%," for the sector, it says.

Chevron Production To Increase 1% In 2011

Παρ, 28 Ιανουαρίου 2011 - 18:02

Chevron (CVX) expects to increase 2011 production 1% to about 2.79 million barrels of oil equivalent per day. The forecast assumes oil at $79/barrel. UBS said the guidance is in line with analysts estimates and previous guidance.