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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.

Shell Executives: 2010 Niger Delta Operational Spills Below 5-year Average

Τετ, 26 Ιανουαρίου 2011 - 17:35

Royal Dutch Shell PLC (RDSA) executives Wednesday said the proportion of oil spills in 2010 from its Niger Delta business classed as 'operational' fell below the five-year average to 20% of the total spillage.

PPC Begins Search for Kozani PV Partner

Τρι, 25 Ιανουαρίου 2011 - 18:34

Greece’s largest electricity producer, Public Power, is to hold an international tender to find a strategic partner for its future renewable energy investments. Among these projects will be the 200MW solar park in Kozani, Greece, which, when completed, will be the world’s largest PV development.

South Korea Wants UN Debate On North Korea Nuclear Project

Τρι, 25 Ιανουαρίου 2011 - 16:49

South Korea made a fresh call Tuesday for the U.N. Security Council to debate North Korea's uranium enrichment program, which according to experts could produce more nuclear weapons.

China To Allow More Companies To Bid In 1st Shale Gas Auction -Official

Τρι, 25 Ιανουαρίου 2011 - 16:49

China plans to allow more domestic companies to participate in the nation's first auction for shale gas blocks, scheduled in the first quarter of this year, an official with the Ministry of Land and Resources said Tuesday.

Exxon Confirms It's Exploring For Natural Gas In Germany

Τρι, 25 Ιανουαρίου 2011 - 16:49

U.S. oil company Exxon Mobil Corp. (XOM) confirmed late Monday that it is drilling exploration wells to study the unconventional gas potential in the German states of Lower Saxony and North Rhine Westphalia.

Russia 2010 Iron Output 48.2M Tons, Up 9.3%

Τρι, 25 Ιανουαρίου 2011 - 16:48

Russia increased iron output in 2010 by 9.3% on the year to 48.2 million metric tons, the federal statistics service said Tuesday.

Saudi Prince Turki: Rising Domestic Oil Demand To Curb Exports

Τρι, 25 Ιανουαρίου 2011 - 16:48

Saudi Arabia is set to consume as much as 40% of its oil production within the next 10-15 years, reducing the amount available for export and spurring the kingdom to invest in sources of alternative energy, according to Prince Turki Al Faisal, a senior member of the royal family and the kingdom's former intelligence chief.

Lithuania Seeks EU Probe Of Gazprom's Market Abuse

Τρι, 25 Ιανουαρίου 2011 - 16:48

European Union member Lithuania said Tuesday it has asked Brussels to probe Russian gas giant OAO Gazprom for abusing its market clout, saying such muscle-flexing must end.

Iraq Eyes Japanese for Nassiriya

Τρι, 25 Ιανουαρίου 2011 - 15:25

There is a chance Iraq may hold one-on-one talks with a Japanese consortium led by JX Holdings to develop the giant Nassiriya oilfield, Iraq’s Deputy Oil Minister Ahmed al-Shamma said today, adding that a decision would depend on the policy of the new government in Baghdad.

Caspian Sea Oil Find Could be Biggest this Year

Τρι, 25 Ιανουαρίου 2011 - 14:36

The first exploration well to be drilled on the N-Block license area by a consortium led by ConocoPhillips, the US oil major, detected hydrocarbons at several intervals before it was completed last month, Kaiyrgeldy Kabyldin, chairman of Kazakh state oil company KazMunaiGas, confirmed on Monday.

France to Launch Offshore Wind Tender on Tuesday

Τρι, 25 Ιανουαρίου 2011 - 14:35

French President Nicolas Sarkozy will detail on Tuesday a tender for the construction of the country's first offshore wind power farms, an ecology ministry spokeswoman said on Monday.