1. English Edition

English Edition

Vitol 2010 Revenue +36% To $195 Bln On Higher Volumes, Prices

Vitol 2010 Revenue +36% To $195 Bln On Higher Volumes, Prices

Δευ, 21 Φεβρουαρίου 2011 - 16:48

Vitol Group, one of the world's biggest marketers and distributors of crude oil and petroleum products, said Monday a growth in trade volumes and increased average oil prices boosted its annual revenue by 36% in 2010, to $195 billion.

Gazprom To Evacuate Staff From Libya

Gazprom To Evacuate Staff From Libya

Δευ, 21 Φεβρουαρίου 2011 - 16:48

OAO Gazprom (GAZP.RS) said Monday it has decided to evacuate its staff from Libya following the political unrest in the country.

Romania: 1,500 Wind Turbines to Be Installed Until 2015

Romania: 1,500 Wind Turbines to Be Installed Until 2015

Δευ, 21 Φεβρουαρίου 2011 - 16:29

Positive news about projects related to thermal power stations, hydro-power stations or nuclear reactors lacked completely in 2010, while wind energy became the new star of the industry. In 2010, 200 windmills were installed in the wake of investments of around 800m euros. In 2015, the most downbeat scenarios bet on 3,000 installed MW, namely around 1,500 turbines and investments of around 5bn euros.

Iraqi Crude Exports At Post-2003 Record On Kurdish Oil Flows

Iraqi Crude Exports At Post-2003 Record On Kurdish Oil Flows

Παρ, 18 Φεβρουαρίου 2011 - 17:37

A steady increase in crude oil exports from Iraq's northern Kurdish region is boosting the country's overall exports to a record 2.16 million barrels a day this month, the highest level since the U.S.-led invasion in 2003, Iraqi government and company officials said.

Yingli Green Swings To 4Q Profit After Prior-Year Write-Down

Yingli Green Swings To 4Q Profit After Prior-Year Write-Down

Παρ, 18 Φεβρουαρίου 2011 - 17:37

Yingli Green Energy Holding Co. (YGE) swung back to a fourth-quarter profit after a large write-down in the prior year as solar demand continued to surge for the manufacturer, especially in Europe.

Prinos Well On Stream

Prinos Well On Stream

Παρ, 18 Φεβρουαρίου 2011 - 16:48

Athens-based Energean Oil & Gas has successfully completed and brought online its PA-35 production well on the Prinos field in Greece.

Montenegro Lures Greek Explorers for Hydrocarbon Exploration

Montenegro Lures Greek Explorers for Hydrocarbon Exploration

Παρ, 18 Φεβρουαρίου 2011 - 15:51

Fifteen international companies have expressed interest in searching for oil and natural gas off Montenegro as the tiny Balkan state looks to lessen its dependence on energy imports, the country’s Economy Ministry said today.

IEA Report: China Oil Cos Autonomous From Govt, Boost Supplies

IEA Report: China Oil Cos Autonomous From Govt, Boost Supplies

Πεμ, 17 Φεβρουαρίου 2011 - 16:49

China's state oil companies are operating autonomously and are helping boost oil supplies globally, an energy watchdog said in a report Thursday, contrary to a widespread perception that they are acting under the sole orders of the country's government.

Shtokman Faces New Delays On Low Gas Demand

Shtokman Faces New Delays On Low Gas Demand

Πεμ, 17 Φεβρουαρίου 2011 - 16:49

The giant Shtokman gas project in Russian Arctic waters faces new delays due to low gas demand and disagreements between shareholders over the project's design, government and company officials said Thursday.

Rosneft Fully Replaced Hydrocarbon Reserves In 2010

Rosneft Fully Replaced Hydrocarbon Reserves In 2010

Πεμ, 17 Φεβρουαρίου 2011 - 16:49

Russia's biggest oil producer OAO Rosneft (ROSN.RS) said Thursday it added more hydrocarbons to its reserves than it produced in 2010, posting a reserve replacement rate of 106%.

EDF: Generic Anomaly At French Nuclear Plants

EDF: Generic Anomaly At French Nuclear Plants

Πεμ, 17 Φεβρουαρίου 2011 - 16:48

French utility giant Electricite de France SA (EDF.FR) Thursday reported a level-one generic anomaly affecting the bearing bushings of its back-up diesel generators at several of its French nuclear power plants, with a level-two anomaly reported at another.