English Edition

NuStar Energy Closes on Terminal Joint Venture in Turkey

Πεμ, 10 Φεβρουαρίου 2011 - 18:37

NuStar Energy L.P. (NYSE: NS) today announced that it has closed on a joint venture with Turkish companies S-Oil and Aves that gives NuStar majority ownership and operational control of two petroleum terminals in Turkey. NuStar will acquire a 75 percent ownership stake in the joint venture for a price of approximately $54 million. The transaction is expected to be immediately accretive to NuStar Energy's distributable cash flow per unit.

China Extends Moratorium On New Coal Mining Permits For 3 Years

Πεμ, 10 Φεβρουαρίου 2011 - 18:36

China will extend a temporary moratorium on new coal mining permits for three years, the Ministry of Land and Resources said in a statement Thursday.

Delek Increases Its Stake In Units Controlling Gas Reserves

Πεμ, 10 Φεβρουαρίου 2011 - 18:36

Delek Group Ltd. (DLEKG.TV) said Thursday that it spent 5.02 million shekels ($1.36 million) Wednesday to increase its stakes in its subsidiaries involved in the Leviathan and Tamar natural gas reserves offshore Israel.

US Nuclear Industry Looks To Export Tech

Πεμ, 10 Φεβρουαρίου 2011 - 18:36

The US nuclear industry is looking to export its know-how and technology to tap into fast growth in emerging markets, said Marvin Fertel, chief executive of the Nuclear Energy Institute, at the industry group's annual financial briefing in Manhattan. NEI will be urging the government to promote this under a "Team USA" type of banner, he said.

Egypt's Mubarak Expected To Step Aside Thursday Evening

Πεμ, 10 Φεβρουαρίου 2011 - 18:35

Egyptian President Hosni Mubarak is expected to step aside Thursday evening, the head of the country's ruling party said, finally conceding the main demand of protesters gathered in central Cairo's Tahrir Square.

Rising Oil Prices Predicted as U.S. Congress Debates Energy Policy

Πεμ, 10 Φεβρουαρίου 2011 - 18:35

Gas prices in the U.S. could rise to an average of $3.30 per gallon in 2012, the top official at the U.S. Energy Information Administration told a congressional committee Thursday.

Indonesian Palm Oil Giant Vows To Save Forests

Τετ, 9 Φεβρουαρίου 2011 - 18:30

Indonesia's biggest palm oil producer pledged Wednesday to follow new standards to protect carbon-rich forests and peatlands, in a move cautiously welcomed by environmentalists including Greenpeace.

Vestas Rises On Better-Than-Expected 2010, Outlook

Τετ, 9 Φεβρουαρίου 2011 - 18:30

Shares in Vestas Wind Systems A/S (VWS.KO) rose more than 6% Wednesday after the company reported a 25% increase in full-year 2010 net profit on record orders and an increase in deliveries in the fourth quarter.

Crude Supertanker Attacked Off Oman Coast

Τετ, 9 Φεβρουαρίου 2011 - 18:29

A supertanker loaded with 270,000 metric tons of crude oil was attacked early Wednesday morning off the coast of Oman, the vessel's manager said.

Chevron Announces Further Natural Gas Find in Australia

Τετ, 9 Φεβρουαρίου 2011 - 18:28

Chevron Corp. (NYSE:CVX) today announced a further drilling success in the Carnarvon Basin offshore Western Australia, Australia's premier hydrocarbon basin.

Ex-Aramco Official: US Cable Wrong To Dispute Saudi Reserves

Τετ, 9 Φεβρουαρίου 2011 - 18:27

A former executive of Saudi Arabian Oil Company, known as Saudi Aramco, who was referenced in a leaked U.S. diplomatic cable saying the kingdom's oil reserves were overstated by 300 billion barrels, said Wednesday he was misquoted.

EPA Chief Defends Greenhouse-Gas Regulations Before Republicans

Τετ, 9 Φεβρουαρίου 2011 - 18:27

The chief of the U.S. Environmental Protection Agency is preparing to defend the Obama administration's greenhouse-gas policies in her first appearance before the U.S. House of Representatives since the Republicans took control of the chamber.

RES Growth Robust in Crisis-Hit Landscape

Τετ, 9 Φεβρουαρίου 2011 - 15:47

Slow rates of growth in the use of renewable energy sources (RES) are picking up as power generated by photovoltaic systems nearly quadrupled in 2010, rising to 198 megawatts from 53 MW in 2009.