English Edition

Qatar Oil Min:No OPEC Emergency Mtg Unless Supply Shortages

Πεμ, 6 Ιανουαρίου 2011 - 13:33

The Organization of Petroleum Exporting Countries will only call an emergency meeting if there is a shortage of supply in the oil markets, Qatar's oil minister Abdullah Al Attiyah said Thursday.

China 2015 Crude Processing Capacity To Reach 600M Tons -Xinhua

Πεμ, 6 Ιανουαρίου 2011 - 13:32

China will raise its crude oil processing capacity by 20% over the next five years to an average of 12 million barrels a day in 2015, supporting the country's strong appetite for crude imports.

OMV Buys Two Exploration, Production Units For Around $866M

Πεμ, 6 Ιανουαρίου 2011 - 13:32

Austrian oil and gas company OMV AG (OMV.VI) said Thursday it has acquired two Tunisian exploration and production units from U.S.-based peer Pioneer Natural Resources Co. (PXD) for around $866 million, in step with its strategy to create growth potential in these operations.

Iraq Plans Exploration Licensing Round

Πεμ, 6 Ιανουαρίου 2011 - 10:14

Iraq plans to invite international oil and gas companies to compete for 12 exploration blocks later this year, the director of Iraq's petroleum contracts and licensing department Abdul Mahdi al-Ameedi told Argus today.

Top EU Official to Discuss Nabucco Project in Azerbaijan, Turkmenistan

Πεμ, 6 Ιανουαρίου 2011 - 09:54

European Commission President Jose Manuel Barroso will visit Azerbaijan and Turkmenistan where he will discuss Nabucco gas pipeline project, the European top official said Wednesday.

BP: Forced To Shut Small Alaska Oil Field After Losing Lawsuit

Τετ, 5 Ιανουαρίου 2011 - 18:49

BP PLC (BP) has been forced to shut down the Raven oil field in Alaska after losing a lawsuit against the owner of the land where the field is located, a spokesman for the company said late Tuesday.

First Solar To Partner With Chinese Company On Big Project In Inner Mongolia

Τετ, 5 Ιανουαρίου 2011 - 18:48

First Solar Inc.(FSLR) said Wednesday it is partnering with China Guangdong Nuclear Solar Energy Development in a plan to build a solar field in China's Inner Mongolia region that it expects will be the world's largest solar-energy project.

China Vice Premier: China, Spain To Sign $7.3B In Deals

Τετ, 5 Ιανουαρίου 2011 - 18:48

China's Vice Premier Li Keqiang said China will sign $7.3 billion worth of deals with Spain Wednesday, according to a Spanish official, after reiterating Beijing's pledge to back the crisis-ridden European nation's austerity measures and offer of potential support for its future fundraising.

Maersk Oil And OGX Finds Oil In Campos Basin -Report

Τετ, 5 Ιανουαρίου 2011 - 18:47

Maersk Oil, a fully owned subsidiary of A.P. Moller-Maersk, (MAERSK-B.KO) has found early signs of oil in the Brazilian Campos Basin, the company's head of exploration, Lars Nydahl Jorgensen, said Wednesday.

N Korea Calls For Unconditional Talks With South

Τετ, 5 Ιανουαρίου 2011 - 18:47

North Korea proposed "unconditional and early" talks with the South Wednesday to mend battered cross-border ties, as a top U.S. envoy arrived in Beijing for meetings on the Korean peninsula crisis.

EU On Track to Meet 2020 Renewables Targets

Τετ, 5 Ιανουαρίου 2011 - 16:44

Europe is set to beat its target of drawing 20% of its energy from renewable sources by 2020, according to an analysis of national action plans by the European Wind Energy Association (EWEA).

Cnooc Parent to Invest Up to $150 Billion in 2011-2015

Τετ, 5 Ιανουαρίου 2011 - 16:43

China National Offshore Oil Corp. plans to spend as much as 1 trillion yuan ($151 billion) in the five years through 2015 to boost production, China Business News reported, citing President Fu Chengyu.

EDF Continues its Expansion with Wind Farms in Greece

Τρι, 4 Ιανουαρίου 2011 - 19:03

Continuing its expansion in the European wind power, EDF Energies Nouvelles announces the commissioning of the wind farm of Fokida 2 and Fokida 3 wind farm, both with an installed capacity of of 23 MW.Located in central Greece just a few kilometres apart, these two wind farms have ten wind turbines each, supplied by German manufacturer Enercon

New Law for Renewables in Turkey

Τρι, 4 Ιανουαρίου 2011 - 19:02

The long-awaited law governing the generation of energy from renewable resources has passed through the Turkish Grand National Assembly (TBMM). The Renewable Energy Law aims to encourage energy production from renewables by providing incentives for the generation of energy from sources such as wind, solar power, biomass, hydropower and geothermals.

Mideast To Surpass North America As LPG Supplier In 2011 -Adnoc

Τρι, 4 Ιανουαρίου 2011 - 19:01

The Middle East is set to surpass North America as the world's leading regional supplier of liquified petroleum gas, or LPG, in 2011 and the United Arab Emirates will supply a major part of this, an Abu Dhabi National Oil Co., or Adnoc, official said.

China's CNPC To Invest In City Hit By Oil Spill - Report

Τρι, 4 Ιανουαρίου 2011 - 19:01

China National Petroleum Corp. will invest in a northeastern port city hit by an oil spill last year at the firm's facilities, averting paying direct compensation to local fishermen, state media said.