English Edition

NATO Denies Bombing Libya's Biggest Oil Field

Πεμ, 7 Απριλίου 2011 - 17:55

The North Atlantic Treaty Organization Thursday denied bombing Libya's biggest oil field after accusations from Moammar Gadhafi's regime, saying fires at the Al-Sarir field were more likely to be linked to skirmishes in the region.

Repsol Adds To Hunt For Offshore Oil In Colombia

Πεμ, 7 Απριλίου 2011 - 17:54

Colombia's state-controlled oil company Ecopetrol (ECOPETROL.BO) reached a deal with Repsol YPF SA (REP.MC) for the Spanish oil major to participate in two more offshore exploration projects in the Caribbean.

Japan May Enlarge Evacuation Zone, Nitrogen Injection Continues

Πεμ, 7 Απριλίου 2011 - 17:54

Japan may look to extend the evacuation zone around the quake-damaged Fukushima Daiichi nuclear power plant, the government's top spokesman said Thursday, as towns and villages around the plant continued to feel the impact of a radiation fallout, even after the plant itself showed signs of moving toward stability.

ERG Interested In Rebels' Libyan Oil If Rules Clear

Πεμ, 7 Απριλίου 2011 - 17:54

ERG SpA (ERG.MI) is interesting in buying oil again from Libya, including crude sold by the rebels fighting Col. Moammar Gadhafi, as long as it does so under clear rules, said the chief executive in an interview Thursday.

Areva NP Offices Searched In Suspected Bribery Case

Πεμ, 7 Απριλίου 2011 - 17:53

German prosecutors said Thursday they are conducting an investigation against one current and four former employees of nuclear-power company Areva NP, as well as three consultants, in a case linked to possible bribery and breach of trust.

Novatek 1Q Natural Gas Output Up 35% To 13.43 BCM

Πεμ, 7 Απριλίου 2011 - 17:53

Russia's second-biggest natural gas producer OAO Novatek (NVTK.RS), part-owned by France's Total SA (TOT), Thursday said its gas output in the first quarter rose 35% from a year earlier to 13.43 billion cubic meters.

5% of World's Gas Wasted in Flaring

Τετ, 6 Απριλίου 2011 - 17:58

General Electric, ranked by Forbes as the second largest company in the world after JPMorgan Chase, has released a study warning that 5% of the world's natural gas production is wasted by burning or 'flaring' unused gas.

World Bank Approves Loan for FYROM's Power Transmission System Operator

Τετ, 6 Απριλίου 2011 - 17:57

The World Bank’s Board of Executive Directors approved on Monday US$19.1 Million of additional financing for the Energy Infrastructure Improvement Project, as part of the broader Energy Community of South East Europe Project, aims to support the functioning of FYR Macedonian Power Transmission System Operator (MEPSO) in the context of the regional power market.

RWE Dea: No Reason To Revise Output Targets On Libya Unrest-CEO

Τετ, 6 Απριλίου 2011 - 17:55

RWE Dea, the natural gas and crude oil production unit of German utility RWE AG (RWE.XE), said Wednesday that political upheaval in some of the countries it is targeting for upstream operations is no reason to revise longer-term output targets.

Qatar and U.S. Sign MoU To Develop Clean Energy

Τετ, 6 Απριλίου 2011 - 17:55

Qatar and the U.S. have signed a memorandum of understanding to develop clean energy, the two countries said in a joint statement Wednesday.

Saudi Aramco Says Completed Maintenance At Yanbu Refinery

Τετ, 6 Απριλίου 2011 - 17:54

Saudi Arabian Oil Co., or Saudi Aramco, said Wednesday it has completed wide-ranging maintenance at its Yanbu refinery on the Red Sea coast.

China Confirms To Boost Gasoline, Diesel Prices

Τετ, 6 Απριλίου 2011 - 17:54

China will raise gasoline and diesel prices on Thursday to reflect higher crude prices, the National Development and Reform Commission said in a statement Wednesday.

IEA Deputy Head: Oil Mkt Seems Well Supplied, No Supply Gap From Libya

Τετ, 6 Απριλίου 2011 - 17:54

The deputy head of the International Energy Agency, or IEA, said Wednesday that the world's oil market seems well supplied even with a loss of 1.5 million barrels a day from Libya, while a recent oil price spike reflects fears over Middle East turmoil rather than a supply shortage.