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Exxon 1Q Gas Output Up, But Oil Production Falls

Πεμ, 28 Απριλίου 2011 - 17:43

ExxonMobil (XOM) production increased more than 10% in 1Q compared with a year ago, driven mainly by a jump in natural gas production in the US and Qatar.

Brazil's Petrobras Starts Long-Term Test At Lula Field

Πεμ, 28 Απριλίου 2011 - 17:42

Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, has started a long-term test at the Lula field in Brazil's offshore Santos Basin, 300 kilometers from the coast of Rio de Janeiro state, the company said Thursday.

PPC Union Poised for Powerful Response

Πεμ, 28 Απριλίου 2011 - 16:31

One of Greece’s most powerful labor unions, GENOP, which represents Public Power Corporation workers, looks set for a head-on collision with the government as it is expected on Thursday to approve rolling 48-hour strikes that could affect electricity supplies around the country.

Norway Interested in Drilling for Oil in Greece

Πεμ, 28 Απριλίου 2011 - 16:30

Norway has invited Greek Deputy Environment, Energy and Climate Change Minister Yiannis Maniatis to Oslo in order to discuss oil exploration rights expected to be awarded in the the Mediterranean country’s west.

Statoil Spies Top MI6 Talent

Πεμ, 28 Απριλίου 2011 - 16:29

Statoil supremo Helge Lund is turning to a former British special agent to help guide the Norwegian state oil company’s ventures in the international arena, where it has been stung by scandals in the past.

European Commission Approves Greece’s Energy Law Bill

Πεμ, 28 Απριλίου 2011 - 16:28

Environment and Energy Ministry has received positive signs from European Commission, regarding a law bill on energy markets.

Background Radiation at Kozloduy N-Plant Is Normal

Πεμ, 28 Απριλίου 2011 - 16:28

During annual scheduled repairs Tuesday at Unit 5 of the Kozloduy N-plant an increased concentration of radioactive noble gases was detected in the unit's sealed area, the N-plant said Wednesday The increased levels were found to be the result of a heightened concentration of xenon gas (Xe-133).

Gazprom Expects Contract Gas Prices for Europe to Rise

Τετ, 27 Απριλίου 2011 - 17:53

Top Russian gas firm Gazprom (GAZP.MM) expects its gas prices for Europe in long-term contracts to average $500 per thousand cubic metres by December, above planned levels, its chief executive told reporters.

First Quarter Lower for BP

Τετ, 27 Απριλίου 2011 - 17:52

Supermajor BP has posted a replacement cost (RC) first quarter profit of $5.48 billion, down 2.1% on the $5.6 billion recorded for the first quarter 2010, after it was forced to sell assets to pay for the Gulf of Mexico oil spill.

Thai Energy Min: To Delay Planned Development Of Nuclear Power Plants

Τετ, 27 Απριλίου 2011 - 17:51

Thailand will delay the commercial startup of five planned nuclear power plants by three years because of safety concerns following the nuclear crisis in Japan, Energy Minister Wannarat Charnnukul said Wednesday.

TNK-BP Exec: Not Planning Lawsuits Against BP

Τετ, 27 Απριλίου 2011 - 17:51

TNK-BP Ltd., Russia's third-largest oil producer, isn't considering any lawsuits against U.K. oil major BP PLC (BP), its 50% partner in the joint venture, and is no longer chasing participation in a deal signed between BP and OAO Rosneft (ROSN.RS), TNK-BP's chief financial officer said Wednesday.

TNK-BP: Artificially Low Fuel Prices Hurt 1Q Profits

Τετ, 27 Απριλίου 2011 - 17:50

Russia's third biggest oil producer TNK-BP Ltd. said Wednesday margins on domestic retail sales remains low due to pressure from authorities to keep gasoline prices artificially low, which resulted in lost profits of $54 millions in the first quarter.

Norway Oil Well Incidents Up At 28 In '10 From 11 In '08-Safety Body

Τετ, 27 Απριλίου 2011 - 17:50

A rise in well control incidents to 28 in 2010 from 11 in 2008 and a continued high number of gas leaks in 2010 need to be tackled in a more purposeful manner to reverse the trend, the Petroleum Saftey Authority Norway said Wednesday.