English Edition

Saudi Aramco Ups Apr Light Crude OSPs From Sidi Kerir Amid Libya Crisis

Τρι, 8 Μαρτίου 2011 - 17:25

State-owned Saudi Arabian Oil Co., or Aramco, has raised official selling prices for its high quality light crudes for April term supply, through Egypt's Sidi Kerir oil terminal in the Mediterranean, by more than a dollar a barrel, traders who have seen the official notice said Tuesday.

EU Approves Danish Subsidy For Electric Cars

Τρι, 8 Μαρτίου 2011 - 17:25

The European Commission Tuesday cleared DKK15 million ($2.8 million) of public funding for a pilot program aimed at promoting electric cars in Denmark.

Tullow Oil's Quiet Persistence Pays Off In Uganda

Τρι, 8 Μαρτίου 2011 - 17:24

After more than a year of delay, U.K.-based explorer Tullow Oil appears to have finally resolved a politically contentious tax dispute that was holding up its plans to develop of around 1 billion barrels of oil discovered in Uganda.

Arab Foreign Ministers Postpone Libya Meeting To Saturday

Τρι, 8 Μαρτίου 2011 - 17:24

Arab foreign ministers are to hold crisis talks Saturday to discuss imposing a no-fly zone over Libya, Arab League officials said, as Libyan jets keep up near daily strikes to crush a rebellion.

Offshore Only in Turkmenistan

Παρ, 4 Μαρτίου 2011 - 16:45

Turkmenistan will not invite foreign oil companies to invest in the exploration or production of its prized onshore gas fields, Energy Minister Bairamgeldy Nedirov has told potential investors.

Iran Gasoline Demand Drops On Subsidy Elimination

Παρ, 4 Μαρτίου 2011 - 16:44

Iran is set to cut gasoline imports further in the coming months after eliminating energy subsidies, offsetting a seasonal demand uptick, Facts Global Energy says in a research note. Iran's domestic consumption fell 10% on year after the government removed subsidies, so it no longer needs to produce gasoline at petrochemical plants, which tends to be more polluting, it says.

Norway Appoints New Minister Of Petroleum And Energy

Παρ, 4 Μαρτίου 2011 - 16:44

Norway has appointed Ola Borten Moe as its new minister of petroleum and energy, the government said Friday.

Russia Won't Raise Oil Output To Prevent Higher Prices -Report

Παρ, 4 Μαρτίου 2011 - 16:43

Russia won't increase oil production to prevent further price increases due to the crisis in Libya, German magazine WirtschaftsWoche reports in a prerelease Friday, citing Russian Energy Minister Sergei Shmatko.

Nord Stream Secures EUR2.5B Financing For 2nd Pipeline Stage

Παρ, 4 Μαρτίου 2011 - 16:43

Nord Stream AG, the Gazprom (GAZP.RS)-led joint venture building an underwater pipeline from Russia to Germany through the Baltic Sea, said Friday it has secured EUR2.5 billion financing for the second stage of the project.

Libyan Rebels Push West Towards Gadhafi Stronghold

Παρ, 4 Μαρτίου 2011 - 16:43

Libyan rebel fighters pushed further west Friday, driving in haphazard armed convoys as they sought to advance their struggle against loyalists of Moammar Gadhafi.

Sale Of Shah Deniz II Caspian Gas Delayed By Months - Sources

Παρ, 4 Μαρτίου 2011 - 16:42

A significant delay is expected in the sale of natural gas from the Shah Deniz II field in Azerbaijan being developed by a group of major energy companies, people familiar with the situation said.

Isramco Won't Confirm Reports That Shimshon Contains More Gas

Πεμ, 3 Μαρτίου 2011 - 17:09

Energy exploration company Isramco Negev Ltd. Partnership (ISRA.L.TV) declined to confirm reports in Israeli media Thursday that new data have tripled the amount of natural gas expected to be contained in its Shimshon offshore exploration area.

400 U.S. Marines In Greece For Libya Deployment

Πεμ, 3 Μαρτίου 2011 - 17:09

About 400 Marines have been dispatched to a U.S. base in Greece ahead of deployment on warships off Libya, an American military spokesman said Thursday.