English Edition

BP Breaks Off Talks With Russian Partners AAR

Τετ, 13 Απριλίου 2011 - 18:09

BP PLC (BP) Wednesday broke off talks with its Russian billionaire partners in TNK-BP, on the eve of a deadline to complete a $16 billion share swap with Rosneft (ROSN.RS), the Financial Times reports on its website.

EU Ready To Lift Ivory Coast Sanctions: Diplomat

Τρι, 12 Απριλίου 2011 - 17:17

The European Union will work with Ivory Coast's government to remove all sanctions that were imposed to pressure Laurent Gbagbo to step down, a senior EU diplomat said Tuesday.

TNK-BP Plans To Seek $5B-$10B In Damages From BP

Τρι, 12 Απριλίου 2011 - 17:16

BP PLC's (BP) Russian joint venture TNK-BP Ltd. is planning to seek damages of up to $10 billion from the U.K. oil major, which TNK-BP accuses of breaching a shareholder agreement, people familiar with the situation said Tuesday.

Tokyo Electric Power: No Plans To Delist From Tokyo Stock Exchange

Τρι, 12 Απριλίου 2011 - 17:16

Tokyo Electric Power Co. (9501.TO) Vice President Sakae Muto said at a press conference Tuesday that there are no plans to delist the company's shares from the Tokyo Stock Exchange.

IEA: Oil Market Set To Keep Tightening This Year

Τρι, 12 Απριλίου 2011 - 17:16

The oil market looks set to tighten further this year, with oil inventories shrinking as supply disruptions and political tensions in the Middle East and North Africa persist for months, the International Energy Agency said Tuesday.

Saudis Cut Oil Output By 500,000 B/D After Weak Demand

Τρι, 12 Απριλίου 2011 - 17:15

Saudi Arabia has cut oil production by 500,000 barrels a day, reversing a previous boost decided in response to the Libyan crisis, people familiar with the matter said Tuesday, after meeting tepid demand for the extra barrels.

French Energy Min's Visit To Shale Gas Operations In Question

Δευ, 11 Απριλίου 2011 - 16:11

French Energy Minister Eric Besson Monday said his planned visit to shale gas extraction operations in the U.S. or Sweden was called into question after the government said shale gas exploration and extraction in France could simply be forbidden by law.

Libya Crisis Hits Uganda Plans To Upgrade Fuel Reserves

Δευ, 11 Απριλίου 2011 - 16:11

Uganda's plans to upgrade its fuel reserves, and thus alleviate some of the pressure on local prices, have stalled due to the implementation of international sanctions against Libya, Uganda's minister of information said Monday.

Smart Grids Will Keep An Eye On How People Consume Their Energy, But Are They Viable?

Δευ, 11 Απριλίου 2011 - 16:10

The U.K.'s largest energy supplier Centrica is this year to start monitoring the behavior of 14,000 electricity customers in a smart grid trial project that will also test the impact on the grid of adding low-carbon energy technologies such as electric cars and solar panels.

Iraq Cuts May Basra Light Crude Prices To All Buyers

Δευ, 11 Απριλίου 2011 - 16:10

Iraq has cut the official selling prices of its Basra Light crude oil for May to all customers, and raised the price of Kirkuk crude to buyers in the U.S. and cut it for customers in Europe, the State Oil Marketing Organization said Monday.

ExxonMobil Awards Drilling Contract to Halliburton for West Qurna (Phase I) Oil Field in Southern Iraq

Δευ, 11 Απριλίου 2011 - 16:10

Halliburton (NYSE: HAL) has been awarded a contract by ExxonMobil Iraq Limited (EMIL) to provide drilling services for 15 wells in the West Qurna (Phase I) oil field located in Southern Iraq.

Bulgarians Irked at Turkey's Nuclear Power Plan

Δευ, 11 Απριλίου 2011 - 13:44

Turkey is planning to build a nuclear power station at İğneada, a small town close to the Bulgarian border on the Black Sea coast. No official Bulgarian reaction has yet been recorded, but Internet forums were overwhelmed with alarmed messages regarding the possible consequences of the decision.

Gazprom Returns to Gas Supply Talks with China this Week

Δευ, 11 Απριλίου 2011 - 13:43

Russia's state-run gas export monopoly Gazprom will start commercial negotiations with China on gas supplies on Monday, Pavel Oderov, head of Gazprom's international business department said.