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