China Power Consumption May Grow 8.5% Annually In 2011-2015 -Xinhua Τετ, 22 Δεκεμβρίου 2010 - 16:40 The China Electricity Council is forecasting China's average annual power consumption growth from 2011 to 2015 at 8.5%,the state-controlled Xinhua News Agency said Wednesday.
MARKET TALK: Oil Prices To Rise Above $100/Bbl In 2011 Τετ, 22 Δεκεμβρίου 2010 - 16:39 Brent crude oil is poised to take its place in the financial market spotlight in the 2011-2013 period, with prices forecast to average $93.75 a barrel in 2011, $106 in 2012 and $115 in 2013, Prestige Economics says.
Iraq Oil Output +100,000 B/D To 2.5 Mln B/D - Oil Minister Τετ, 22 Δεκεμβρίου 2010 - 16:39 Iraq's crude oil production increased by 100,000 barrels a day to 2.5 million barrels a day from Wednesday, the newly appointed oil minister said Wednesday.
Saudi Arabia 2011 Budget Based On $58 A Barrel Crude - Sources Τετ, 22 Δεκεμβρίου 2010 - 16:38 Saudi Arabia, the Middle East's biggest economy, has based its record budget for next year on an average crude oil price of about $58 a barrel, people familiar with the matter said Wednesday.
Oil Reserves May Produce 40 mln Barrels Τετ, 22 Δεκεμβρίου 2010 - 13:46 Greece’s unexplored oil deposits could cover 30 percent of the country’s annual energy needs over the next 30 years, according to a government document.
BP: Production From Azeri Chirag Platform Restarted Monday Τρι, 21 Δεκεμβρίου 2010 - 20:14 BP PLC (BP) restarted production at its offshore Chirag platform in Azerbaijan Monday, a spokesman for the company told Dow Jones Newswires in an emailed statement Tuesday.
Gazprom, Naftogaz Sign MOU On Methane Production In Ukraine Τρι, 21 Δεκεμβρίου 2010 - 20:14 Russian natural gas monopoly OAO Gazprom (GAZP.RS) and Ukrainian national energy company Naftogaz have signed a memorandum of understanding to jointly produce methane from coal in Ukraine, the Russian company said Tuesday.
French Fin Min: Areva Must Be In 'Conquest' Mode Internationally Τρι, 21 Δεκεμβρίου 2010 - 20:13 One of nuclear engineering firm Areva SA's (CEI.FR) objectives is to be in "conquest" mode on the international stage, said French economics and finance minister Christine Lagarde Tuesday.
Obama Hails Iraq's Approval Of New Government Τρι, 21 Δεκεμβρίου 2010 - 20:12 President Barack Obama on Tuesday praised Iraqi leaders for agreeing to form a new government after months of political turmoil, saying the move represents a "major step forward in advancing national unity."
China To Raise Fuel Prices Despite Inflation Worries Τρι, 21 Δεκεμβρίου 2010 - 20:12 China will raise the gasoline price by 3.8% and raise diesel by 4% beginning Wednesday in the face of rising crude oil prices, despite persistent worries about inflation.
Halliburton Agrees To Pay $35M To Settle Nigeria Bribery Case Τρι, 21 Δεκεμβρίου 2010 - 20:12 Halliburton Co. (HAL) said Tuesday it has agreed to pay $35 million to the Nigerian government to settle bribery allegations related to the construction and expansion of its Bonny Island natural gas liquefaction facility, in which its former subsidiary KBR Inc. (KBR) had a 25% stake.
Gazprom Cuts Output Forecast to 570-580 bcm by 2015 Τρι, 21 Δεκεμβρίου 2010 - 13:50 Russia's gas giant Gazprom has cut its gas output forecast for 2015 to 570-580 billion cubic meters per year due to worsening market conditions, the company said on Tuesday.
Russia, India Ready to Develop Nuclear Cooperation Τρι, 21 Δεκεμβρίου 2010 - 13:50 Russia and India intend to develop cooperation in the nuclear sphere, the Russian president and Indian prime minister said in a joint statement on Tuesday.
Latvia, Gazprom Agree on Lower Price for Natural Gas Τρι, 21 Δεκεμβρίου 2010 - 13:49 The Latvian gas company Latvijas Gaze signed an contract with Russia’s Gasprom for natural gas supplies in 2011, according to which the purchasing price of gas for this Baltic country will be 15 percent lower than this year.
E.ON Sells Italy Gas Grid Unit To F2i,Axa Private Equity Δευ, 20 Δεκεμβρίου 2010 - 18:46 E.ON AG (EOAN.XE) said Monday it has agreed to sell its Italian natural gas distribution network company E.ON Rete to a consortium of Italian and French financial investors.
EU Ministers Back Deal To Cut Van CO2 Emissions Δευ, 20 Δεκεμβρίου 2010 - 18:45 European Union environment ministers Monday backed a preliminary agreement with other EU institutions on new rules that will cut greenhouse gas emissions by small trucks starting in 2017.