English Edition

Verbund Pulls Out of its Operations in the Greek Retail Market for Electricity

Παρ, 24 Δεκεμβρίου 2010 - 12:19

Austria's biggest utility Verbund (VERB.VI: Quote) said on Thursday it will pull out of its operations in the Greek retail market for electricity because it does not count the country among its key foreign markets.

A EUR 395m Gas Interconnector Between Hungary and Croatia was Put Into Operation

Παρ, 24 Δεκεμβρίου 2010 - 12:18

A EUR 395m gas interconnector between Hungary and Croatia was put into operation on Thursday, Hungarian Deputy Prime Minister Tibor Navracsics said after talks with Croatian Prime Minister Jadranka Kosor in Zagreb.

DryShips Announces Entry Into the Tanker Segment

Παρ, 24 Δεκεμβρίου 2010 - 12:17

DryShips Inc, a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it has entered into agreements with a first class Korean shipyard to purchase twelve high specification newbuilding tankers at a total purchase price of about $770 million, including over $3 million per vessel in extra items.

Alexey Miller and Paolo Scaroni Sign Extension Until 2012 of Strategic Agreement Between Eni and Gazprom

Πεμ, 23 Δεκεμβρίου 2010 - 17:30

Moscow, 23 December 2010 - Gazprom CEO Alexey Miller and Eni CEO Paolo Scaroni signed today the extension of the strategic agreement signed by Eni and Gazprom in November 2006.

Indonesia 2010 Crude Oil Output 947,000 B/D; Below Target -Official

Πεμ, 23 Δεκεμβρίου 2010 - 17:28

Indonesia's 2010 crude oil production reached 947,000 barrels a day, below the government's target of 965,000 barrels a day, a government official said Thursday.

Cnooc, Sinopec Seek HK Bank Loans To Fund Acquisitions

Πεμ, 23 Δεκεμβρίου 2010 - 17:28

Two Chinese oil giants Cnooc Ltd. (CEO) and China Petrochemical Corp., known as Sinopec Group, are seeking bank loans of around US$4.5 billion from the Hong Kong market to fund their announced overseas acquisitions, turning to the offshore loan market amid tightening liquidity at home, people familiar with the situation said Thursday.

Turkey, Iran, Azerbaijan Seek Closer Ties

Πεμ, 23 Δεκεμβρίου 2010 - 17:27

Turkey, Iran and Azerbaijan pledged closer co-operation Thursday in efforts to resolve regional conflicts and combat terrorism and organized crime, a joint statement said.

Iraq Nov Oil Revenues At $4.618B, Year's Largest-Oil Ministry

Πεμ, 23 Δεκεμβρίου 2010 - 17:27

Sales from Iraqi crude oil exports in November totaled $4.618 billion, the highest monthly revenues registered this year, the Iraqi Oil Ministry said in a statement Thursday.

Serbia's Nuclear Waste Shipped To Russia: IAEA

Πεμ, 23 Δεκεμβρίου 2010 - 17:26

The United Nations atomic watchdog Thursday said it co-ordinated the repatriation to Russia of 2.5 metric tons of nuclear waste from a reactor in Serbia that was once considered one of the world's most dangerous.

Cyprus Seeks Private Partner to Build a New 300,000 Cubic Metre Oil Storage Facility

Τετ, 22 Δεκεμβρίου 2010 - 16:44

Cyprus is seeking expressions of interest from private investors to build a new 300,000 cubic metre oil storage facility on its southern coast, government documents seen by Reuters showed.

DryShips Inc. Announces Closing of Private Offering of Shares of Ocean Rig UDW

Τετ, 22 Δεκεμβρίου 2010 - 16:43

DryShips Inc, a global provider of marine transportation services for drybulk cargoes and offshore contract drilling oil services, announced today that its wholly-owned subsidiary Ocean Rig UDW Inc. ("Ocean Rig"), has closed its offering by way of a private placement of shares of Ocean Rig's common stock with total gross proceeds of $500 mil.

S Korea To Triple Energy Self-Sufficiency Ratio By 2019

Τετ, 22 Δεκεμβρίου 2010 - 16:41

South Korea said Wednesday that it aims to more than triple its energy self-sufficiency by 2019 by developing and investing more in overseas projects to meet the growing needs of Asia's fourth-largest economy.

CNPC, KazMunaiGas Begin 2nd Phase Construction On Kazakh Gas Pipeline

Τετ, 22 Δεκεμβρίου 2010 - 16:40

China National Petroleum Corp. and Kazakhstan's national oil and gas company KazMunaiGas Tuesday began construction on the second phase of the China-Kazakhstan natural gas pipeline project, which will link western Kazakhstan with the Central Asia Gas Pipeline, CNPC said in an in-house newsletter Wednesday.