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Japan To Absorb All Excess LNG Capacity -BarCap

Δευ, 16 Μαΐου 2011 - 16:54

Japan is set to absorb all of the world's excess capacity to produce liquefied natural gas this year, following the closure of a significant chunk of its nuclear power capacity after the earthquake and tsunami, says Barclays Capital.

Iran President To Head Oil Ministry As Caretaker

Δευ, 16 Μαΐου 2011 - 16:54

Iran's president Mahmoud Ahmadinejad said Sunday in televised remarks he will be the caretaker head of the oil ministry after dismissing the incumbent ahead of a merger with the energy ministry.

Azerbaijan: Jan-Apr Oil Output 15.9M Tons, Down 4.6% On-Year

Δευ, 16 Μαΐου 2011 - 16:53

Azerbaijan produced 15.9 million metric tons of crude oil in January to April, down 4.6% from the same period last year, Azerbaijan's state statistics agency said Monday.

Noble Energy Provides Update of Leviathan Appraisal

Δευ, 16 Μαΐου 2011 - 16:53

Noble Energy, Inc. (NYSE: NBL) announced today that it has ended drilling operations at the Leviathan #2 appraisal well location, offshore Israel. During the drilling process, the Company identified water flowing to the sea floor from the wellbore.

UK Backs Gadhafi Arrest Warrant

Δευ, 16 Μαΐου 2011 - 16:53

U.K. Foreign Secretary William Hague welcomed news Monday that Moamer Gadhafi and two Libyan regime figures faced arrest for war crimes, saying crimes against civilians would not go unpunished.

Iraq West Qurna Oil Output To Triple In Next 3 Years - Lukoil

Παρ, 13 Μαΐου 2011 - 17:06

OAO Lukoil's (LKOH.RS) development of the West Qurna field with partner Statoil ASA (STO) is expected to yield 150,000 barrels of oil a day by 2013, with production increasing to around 400,000-500,000 barrels a day by 2014, Gati Al-Jebouri, executive director and chief commercial officer of Lukoil Mid-East said at a conference Friday.

IEA: Concerned About Increase In OPEC's Preferred Oil Price

Παρ, 13 Μαΐου 2011 - 17:06

The International Energy Agency is concerned that the preferred oil price level of the Organization of the Petroleum Exporting Countries is creeping steadily higher, and that this could harm the world economy, said the head of the agency's oil industry and markets division David Fyfe Friday.

Novatek 1Q Net Profit Up 69% To RUB18.9 Bln On Higher Sales

Παρ, 13 Μαΐου 2011 - 17:06

OAO Novatek (NVTK.RS), Russia's biggest independent natural gas producer, Friday said first-quarter net profit rose 69% to 18.85 billion rubles ($677.0 million) due to higher oil and gas sales, cost optimization and foreign exchange gains.

Total To Explore For Shale Gas In Poland With Exxon Mobil

Παρ, 13 Μαΐου 2011 - 17:06

French oil major Total SA (TOT) said Friday it agreed with U.S. oil firm Exxon Mobil Corp. (XOM) to seek shale gas in the Chelm and Werbkowice areas in Poland.

Petrobras 1Q Profits Likely Hindered By Pricing

Παρ, 13 Μαΐου 2011 - 17:05

Benefits of high oil prices on Petrobras' (PBR) 1Q earnings will likely be mitigated by the government's pricing policy, says Deutsche Bank. The refining division should report EBITDA just shy of break even, as higher crude oil wasn't fully passed through to consumers due to price controls, firm says.

BP CEO: Won't Invest In Biofuels At Expense Of Food Security

Παρ, 13 Μαΐου 2011 - 17:05

BP PLC's (BP.LN) plans to invest $1.5 billion in biofuels in 2011 but won't do so at the expense of food security in the countries where it does invest, Chief Executive Robert Dudley said Friday.

Petronas to Build $20 Billion Malaysia Oil, Chemical Hub Next to Singapore

Παρ, 13 Μαΐου 2011 - 16:04

Petroliam Nasional Bhd.,Malaysia’s state oil and gas company, will build a $20 billion refining complex borderingSingaporeto benefit from increased global demand for petrochemicals and plastics.

BP Faces Arctic Pact Lawsuit

Παρ, 13 Μαΐου 2011 - 16:02

A minority shareholder in BP's Russian venture TNK-BP reportedly intends to sue the UK supermajor in a Siberian court over its alliance with Rosneft.