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Iran Nuclear Plant Will Be Ready In April

Παρ, 28 Ιανουαρίου 2011 - 18:03

Iran's first nuclear power plant will be ready to generate electricity on April 9, atomic energy chief Ali Akbar Salehi said Friday, in signs of yet another delay.

The Sweet Spot For Big Oil - Goldman Sachs

Παρ, 28 Ιανουαρίου 2011 - 18:02

This year will be the "sweet spot" for earnings at large oil companies as high oil and gas prices boost margins, but ample capacity in the oil service industry keeps a lid on costs, says Goldman Sachs. "We forecast 2011 EPS growth of 27%," for the sector, it says.

Chevron Production To Increase 1% In 2011

Παρ, 28 Ιανουαρίου 2011 - 18:02

Chevron (CVX) expects to increase 2011 production 1% to about 2.79 million barrels of oil equivalent per day. The forecast assumes oil at $79/barrel. UBS said the guidance is in line with analysts estimates and previous guidance.

Cnooc Aims To Raise 2011 Output 8%-12%, Capex 55%

Πεμ, 27 Ιανουαρίου 2011 - 15:13

Cnooc Ltd. (CEO), China's biggest offshore oil and gas producer by output, said Thursday it expects its crude oil and natural gas production this year to rise by 8%-12% from 2010 through implementation of new projects in China and abroad.

BP: UK Onshore Oil Field Shut Since November By Small Oil Leak

Πεμ, 27 Ιανουαρίου 2011 - 15:13

BP PLC (BP) shut down its Wytch Farm oil field in the U.K. in November following a small oil leak on a pipeline, but should restart the field shortly, the company said in a statement Thursday.

Rosneft, ExxonMobil To Explore For Black Sea Oil

Πεμ, 27 Ιανουαρίου 2011 - 15:12

U.S. oil giant Exxon Mobil Corp. (XOM) Thursday became the second company in a month to sign a major offshore oil exploration agreement with Russian oil company OAO Rosneft (ROSN.RS), following a similar deal with BP PLC (BP).

Tullow Approaching Finishing Line On Uganda Dispute

Πεμ, 27 Ιανουαρίου 2011 - 15:12

Tullow Oil PLC (TLW.LN) is "approaching the finishing line" in talks with the Ugandan government to resolve a tax dispute that has held up for months its plans to bring in new partners to develop oil discoveries there, the company's chief financial officer, Ian Springett, said Thursday.

MARKET TALK: BP Must Show Rosneft Deal Is Mutually Positive-Guardian

Πεμ, 27 Ιανουαρίου 2011 - 15:12

Russian shareholders in TNK-BP, BP's (BP.LN) Russian joint venture, have asked a court in London to halt the landmark share swap and exploration deal between BP and Rosneft (ROSN.RS), according to a representative of the Russian partners.

Czech CO2 Registry: Impossible To Say When Market Will Reopen

Πεμ, 27 Ιανουαρίου 2011 - 15:11

Ongoing police investigations mean Czech and other European carbon dioxide trading registries are to remain closed indefinitely, the head of the Czech registry said Thursday.

Iraqi Gas Discovery Boosts EU Hopes of Gas Independence

Τετ, 26 Ιανουαρίου 2011 - 17:37

One of the European Union's long-term energy policy aims has been to reduce its dependence on imports of Russian gas. A large gas discovery in Iraq's Kurdish region increases the chances that they will succeed, although big challenges remain.

Ecuador's Jan-November Crude Output 485,000 B/D;Down 1% On Year

Τετ, 26 Ιανουαρίου 2011 - 17:36

Ecuador's average crude oil output January through November 2010 fell 1% to 485,000 barrels a day from 488,000 barrels a day in the same period of the previous year, the central bank reported.

Eni awarded operatorship of Block 35 in deepwater offshore Angola

Τετ, 26 Ιανουαρίου 2011 - 17:36

San Donato Milanese (Milan), 26 January 2011 - Eni announces today that it has been awarded participation and operatorship of Block 35 by the Angolan Juri for the bid round, composed of representatives from the Ministry of Petroleum, Sonangol and the Ministry of Finance. The block is located in deepwater offshore Angola, 150 km off the coast of Luanda. Block 35 covers 4.831 square km of potential pre-salt mining acreage.

ConocoPhillips 4Q Profit Rises 60% Amid Improved Prices

Τετ, 26 Ιανουαρίου 2011 - 17:35

ConocoPhillips' (COP) fourth-quarter earnings rose 60% compared with a year earlier as the oil producer and refiner continued to benefit from high oil prices and improved refining margins.