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Is Peak Oil Behind Us?

Is Peak Oil Behind Us?

Δευ, 15 Νοεμβρίου 2010 - 14:39

Peak oil is not just here — it’s behind us already. That’s the conclusion of the International Energy Agency, the Paris-based organization that provides energy analysis to 28 industrialized nations. According to a projection in the agency’s latest annual report, released last week, production of conventional crude oil — the black liquid stuff that rigs pump out of the ground — probably topped out for good in 2006

Total CEO: Sees Continued Growth Despite Economic Fragility

Total CEO: Sees Continued Growth Despite Economic Fragility

Παρ, 12 Νοεμβρίου 2010 - 18:44

French oil major Total SA (TOT) expects to continue growing despite a fragile economic environment, and it will continue to adapt its downstream refining and distribution operations, as well as its chemicals businesses to reflect market developments, the company's chief executive says in a newsletter to shareholders released Friday.

Terna Profits Up 23% On Higher Tariffs; Raises 2010 Estimates

Terna Profits Up 23% On Higher Tariffs; Raises 2010 Estimates

Παρ, 12 Νοεμβρίου 2010 - 18:44

Terna SpA (TRN.MI), Italy's biggest power grid by capacity, Friday said third-quarter net profit rose 23% on the year, thanks to an increase in regulatory-approved tariffs and dispatching activity incentives, allowing the company to estimate higher 2010 results on the year.

Turkeys Turcas 3Q Net Profit Declines To TRY17.7M -IHA

Turkey's Turcas 3Q Net Profit Declines To TRY17.7M -IHA

Παρ, 12 Νοεμβρίου 2010 - 18:43

Turkish fuel distributor and energy firm Turcas Petrol AS (TRCAS.IS) Friday posted a slight decline in third-quarter net profit, reflecting a decline in sales, the Ihlas News Agency, or IHA, reported Friday.

KazMunaiGas Looks To Raise Core Field Production - Company Official

KazMunaiGas Looks To Raise Core Field Production - Company Official

Παρ, 12 Νοεμβρίου 2010 - 18:43

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ), or KMG EP, aims to raise production at its core fields, a process which will require additional capital expenditure, a senior company official said Friday.

IEA Warns Higher Oil Prices May Threaten Recovery

IEA Warns Higher Oil Prices May Threaten Recovery

Παρ, 12 Νοεμβρίου 2010 - 18:39

The International Energy Agency Friday warned that higher oil prices may threaten the economic recovery next year, rebuffing bulls eyeing three-digit oil prices after a spike close to $90 a barrel.

Brazils Petrobras, Partners Sign $3.5 Bln Oil Platform Deal

Brazil's Petrobras, Partners Sign $3.5 Bln Oil Platform Deal

Πεμ, 11 Νοεμβρίου 2010 - 19:04

Brazilian state-controlled oil company Petrobras (PBR, PETR4.BR), and three minority partners in offshore oil development projects, on Thursday announced a $3.5 billion deal with Brazilian engineering company Engevix to build eight production vessels.

RWE Reaffirms 2010 Targets But Sees Tough 2011

RWE Reaffirms 2010 Targets But Sees Tough 2011

Πεμ, 11 Νοεμβρίου 2010 - 19:04

RWE AG (RWE.XE) Thursday said it expects low electricity and gas prices, as well as "substantial burdens" from a tax on nuclear fuel in Germany, to hit profits from 2011.

GE To Buy 25,000 Electric Vehicles By 2015, Including 12,000 Volts

GE To Buy 25,000 Electric Vehicles By 2015, Including 12,000 Volts

Πεμ, 11 Νοεμβρίου 2010 - 19:03

General Electric Co. (GE) said it will buy 25,000 electric vehicles by 2015 to use in its fleets and those of its fleet-services business, converting at least half of one of the world's biggest vehicle fleets to electric.

OPEC Ups 11 Oil Demand, Helping Push To Near $90/Bbl

OPEC Ups '11 Oil Demand, Helping Push To Near $90/Bbl

Πεμ, 11 Νοεμβρίου 2010 - 19:03

The Organization of Petroleum Exporting Countries Thursday boosted its oil demand views for 2011 over fast-improving economic prospects, helping to push oil prices within reach of $90 a barre

Iraq To Elect Speaker, President In Move Toward Power-Sharing Deal

Iraq To Elect Speaker, President In Move Toward Power-Sharing Deal

Πεμ, 11 Νοεμβρίου 2010 - 19:03

Iraqi parliamentarians are set to elect a speaker of the house as well as the country's president, the first steps necessary to cement a still-emerging coalition government agreement that would see Prime Minister Nouri al-Maliki keep his position for a second term.