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White House Looks To Repeal $4B In Oil Industry Tax Breaks

Δευ, 14 Φεβρουαρίου 2011 - 18:26

The Obama administration is looking to eliminate about $4 billion in tax breaks for the oil and gas industry in 2012, hoping to raise revenue to offset the costs of clean and renewable energy projects.

WTI Irrelevant; Brent Better For Forecasting

Δευ, 14 Φεβρουαρίου 2011 - 18:26

Raymond James calls West Texas Intermediate "essentially irrelevant" as a crude-price benchmark and crowns Brent the new king of crude oil. The WTI inventory hub in Cushing, Okla., is bottlenecked, causing stocks to rise and depressing prices.

Gazprom Sees 2011 Europe Exports 151.5 BCM -Analyst

Παρ, 11 Φεβρουαρίου 2011 - 18:50

Russia's OAO Gazprom (GAZP.RS), the world's biggest producer of natural gas, said Friday it plans to export 151.5 billion cubic meters of gas to Europe in 2011, an analyst attending the company's investor day meeting told Dow Jones Newswires.

Total: Happy To Partner EDF On Intl Nuclear Projects

Παρ, 11 Φεβρουαρίου 2011 - 18:50

French oil major Total SA (TOT) would be happy to partner with French state-controlled power giant Electricite de France SA (EDF.FR) on international nuclear projects, Total's head of gas and power division Philippe Boisseau said Friday.

Brent Rises $1/Bbl Amid Tension In Middle East

Παρ, 11 Φεβρουαρίου 2011 - 18:50

Oil futures continue to strengthen as tensions in the Middle East dominate market sentiments Friday. Front-month Brent rises more than a dollar to the intra-day high of $101.95/bbl as traders mull the consequence of Egypt's President's decision to stay in office until September.

TNK-BP Board To Examine BP Proposal On Rosneft Deal - Report

Παρ, 11 Φεβρουαρίου 2011 - 18:49

The board of Anglo-Russian oil joint venture TNK-BP Ltd. will examine information from BP PLC (BP) regarding its alliance with OAO Rosneft (ROSN.RS) at a meeting on Feb. 18, the Interfax news agency reports Friday, citing TNK-BP Deputy Chief Executive Maxim Barsky.

Czech CO2 Registry Aims to Reopen In Final Full Week Of February

Παρ, 11 Φεβρουαρίου 2011 - 18:49

The Czech carbon emissions registry OTE AS aims to reopen in the week of Feb. 21, but it's up to the European Commission to grant clearances that would enable resumed trading, an official at the registry said Friday.

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.