English Edition

Saudi Prince Turki: Rising Domestic Oil Demand To Curb Exports

Τρι, 25 Ιανουαρίου 2011 - 16:48

Saudi Arabia is set to consume as much as 40% of its oil production within the next 10-15 years, reducing the amount available for export and spurring the kingdom to invest in sources of alternative energy, according to Prince Turki Al Faisal, a senior member of the royal family and the kingdom's former intelligence chief.

Lithuania Seeks EU Probe Of Gazprom's Market Abuse

Τρι, 25 Ιανουαρίου 2011 - 16:48

European Union member Lithuania said Tuesday it has asked Brussels to probe Russian gas giant OAO Gazprom for abusing its market clout, saying such muscle-flexing must end.

Iraq Eyes Japanese for Nassiriya

Τρι, 25 Ιανουαρίου 2011 - 15:25

There is a chance Iraq may hold one-on-one talks with a Japanese consortium led by JX Holdings to develop the giant Nassiriya oilfield, Iraq’s Deputy Oil Minister Ahmed al-Shamma said today, adding that a decision would depend on the policy of the new government in Baghdad.

Caspian Sea Oil Find Could be Biggest this Year

Τρι, 25 Ιανουαρίου 2011 - 14:36

The first exploration well to be drilled on the N-Block license area by a consortium led by ConocoPhillips, the US oil major, detected hydrocarbons at several intervals before it was completed last month, Kaiyrgeldy Kabyldin, chairman of Kazakh state oil company KazMunaiGas, confirmed on Monday.

France to Launch Offshore Wind Tender on Tuesday

Τρι, 25 Ιανουαρίου 2011 - 14:35

French President Nicolas Sarkozy will detail on Tuesday a tender for the construction of the country's first offshore wind power farms, an ecology ministry spokeswoman said on Monday.

India December Crude Oil Imports Up 17% On Month

Δευ, 24 Ιανουαρίου 2011 - 18:46

India's crude oil imports rose 17% in December from a month earlier as Reliance Industries Ltd. (500325.BY) restarted the crude distillation and coker units at the company's refinery complex in the western state of Gujarat in mid-November.

Brazil 2010 Electricity Use Expands 7.8%, Lead By Industry

Δευ, 24 Ιανουαρίου 2011 - 18:46

Brazil's electricity consumption picked up 7.8% in 2010, on the back of an increase in industrial energy use amid the global economy's recovery, the EPE, the national energy research corporation, said Monday.

UK Proposes Increase In Nuclear Power Liability To EUR1.2 Bln

Δευ, 24 Ιανουαρίου 2011 - 18:46

Operators of nuclear power plants in the U.K. will be expected to take on a liability of EUR1.2 billion for each of their sites, a seven-fold increase on the current level of GBP140 million, the government said in proposals published Monday.

Leaked Cable Shows Challenge BP Faces In Russia

Δευ, 24 Ιανουαρίου 2011 - 18:45

A new cable published by WikiLeaks shows the big challenges BP faces in its new Arctic exploration joint venture, and also sheds some light on the Russian government's motivation for allowing the unprecedented deal with state-controlled oil company Rosneft in the first place.

EDF Still Determined To Grow In Germany - Report

Δευ, 24 Ιανουαρίου 2011 - 18:45

French electricity giant Electricite de France SA (EDF.FR) is still determined to grow in Germany, despite the recent sale of its 45% stake in EnBW Energie Baden-Wuerttemberg AG (EBK.XE), daily newspaper Handelsblatt reports ahead of publication Tuesday.

Exxon Regains Rank As Largest Listed Energy Co

Δευ, 24 Ιανουαρίου 2011 - 18:45

Exxon Mobil (XOM), with a market capitalization of $368.7B, regained the top position in 2010 as the world's largest publicly traded energy company, besting year-earlier leader PetroChina (PTR), according to annual ranking by consultancy PFC Energy. Brazil's Petrobras (PBR) rose to No. 3, with a $228.9B value. XOM off a fraction at $78.92.