English Edition

Japan Sanctions Vs Iran Not Curbing Crude Imports

Παρ, 29 Οκτωβρίου 2010 - 19:11

Large on-month gain in Japan's September crude oil imports from Iran suggests country's tighter sanctions against Iran not affecting oil trade. Although new sanctions, adopted Sept. 3, allow crude oil imports, possible cut in banks' lending for business with Iran could lead to fall in imports, say a few officials at oil refiners

Russia To Boost Natural Gas Supplies To Poland

Παρ, 29 Οκτωβρίου 2010 - 19:08

Polish and Russian government officials, after nearly two years of talks, Friday signed an amended agreement that boosts deliveries of natural gas from Russia to Poland. Russia's OAO Gazprom will gradually increase supplies to Poland, which in October faced an imminent threat of shortages after losing a supply deal with a Gazprom-linked trade

Hungary's MVM Could Buy MOL Stake From Surgut

Παρ, 29 Οκτωβρίου 2010 - 19:04

MVM could take a loan to buy the MOL stake, which is worth around 500 billion forints ($2.6 billion), without boosting Hungary's public debt. Hungary's public debt is already the biggest in central and Eastern Europe. The Hungarian National Development Ministry said last Thursday that buying Surgut's stake would be "one possible solution for the current, uncertain situation." The sale of the Russian stake to MVM would create a more stable situation, reassuring Hungary that MOL isn't an acquisition target

Russia To Sign Deal To Build Vietnam Nuclear Plant

Παρ, 29 Οκτωβρίου 2010 - 19:02

Russian President Dmitry Medvedev will visit Hanoi this weekend to agree the construction of Vietnam's first nuclear power plant, a deal aimed at reviving ties with the Soviet-era ally, his aide said Friday. Russian and Vietnamese officials will ink an intergovernmental agreement to construct a nuclear power plant, part of an "extensive raft of bilateral agreements," Medvedev's top foreign policy aide Sergei Prikhodko said

Russia «Interfering» In Turkmenistan Energy Sphere

Παρ, 29 Οκτωβρίου 2010 - 18:56

Turkmenistan Friday accused Russia of interfering in its energy business by spreading false information, the latest sign of flaring tensions between the neighbors. In a strongly worded statement the Turkmen Foreign Ministry slammed Moscow for attempting to spoil some of Ashgabat's ongoing projects

Sinopec In Talks With BP To Develop Shale Gas In China

Παρ, 29 Οκτωβρίου 2010 - 18:54

China Petroleum & Chemical Corp., or Sinopec, said Friday the company is in talks with BP PLC to explore and develop shale gas resource in China, adding that it plans to bid for six more shale gas blocks to step up its investment in cleaner-burning fuels in the country. During a conference call with analysts to discuss the company's third-quarter results, Chief Financial Officer Wang Xinhua said the company's arm in eastern China already owns 42 shale gas blocks with a total area of 190,000 square kilometers

DESERTEC: Energy in the EU from Northern Africa-a realistic option?

Παρ, 29 Οκτωβρίου 2010 - 15:05

Thank you for inviting me to the first annual conference of the Desertec Industrial Initiative. What brings us together today lies at the core of the European Union policy in two ways. First, it is about inventing new energy solutions – we all know how crucial this is for our future, especially for security of supply, competitiveness and low-carbon future.

Abu Dhabi Plans to Award Oilfield Contracts in $10 Billion Onshore Program

Τετ, 27 Οκτωβρίου 2010 - 19:01

Abu Dhabi National Oil Co., the United Arab Emirates’ state-owned crude producer, will award onshore oilfield service contracts in 2012 as part of a $10 billion program to boost output 30 percent by 2017.

IBM Seeks to Abolish Vampire Energy, Cut Electronics Power

Τετ, 27 Οκτωβρίου 2010 - 18:55

International Business Machines Corp.is researching a way to cut electronic devices’ power consumption by 90 percent and reduce so-called vampire energy, or power used while machines and gadgets are turned off.

Russia: No Plans To Change Sakhalin-1 Operator - Interfax

Τετ, 27 Οκτωβρίου 2010 - 18:54

Russia has no plans to change ExxonMobil (XOM) as the operator of the Sakhalin-1 project in Russia's Far East, the Interfax news agency reports Wednesday, citing the country's Energy Minister Sergey Shmatko.

Brazil's Petrobras Announces Oil Discovery In Sergipe Basin

Τετ, 27 Οκτωβρίου 2010 - 18:53

Brazilian state-run energy company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Wednesday it has discovered light oil in the northeast Sergipe Basin.

Areva Signs JV With Kazakhstan's Kazatomprom For Fuel Business

Τετ, 27 Οκτωβρίου 2010 - 18:53

French nuclear engineering and mining group Areva (CEI.FR) Wednesday said it signed a joint venture with Kazakhstan's Kazatomprom to build a fuel manufacturing business in the Asian country.

Tsakos Energy's Stock Sale Priced At 8.3% Discount

Τετ, 27 Οκτωβρίου 2010 - 18:53

Tsakos Energy Navigation Ltd. (TNP) said the planned sale of at least 7.6 million shares was priced at an 8.3% discount to Tuesday's close.

Maersk Oil Gets Exploration Licenses For 10 UK North Sea Blocks

Τετ, 27 Οκτωβρίου 2010 - 18:52

Maersk Oil Wednesday said the UK Department of Energy and Climate Change awarded it 10 blocks in the 26th Licensing Round.

Spain Govt Expects To OK New Renewable Aid Rules In Nov

Τρι, 26 Οκτωβρίου 2010 - 19:04

New regulation for renewable energy in Spain is expected to be approved by the cabinet in November and come into effect at the beginning of next year, Antonio Hernandez, general director for energy and mines at Spain's industry ministry, said Tuesday.

TNK-BP 3Q Profit Down 14%; Sees Higher 2011 Output

Τρι, 26 Οκτωβρίου 2010 - 19:03

Russia's No. 3 oil producer TNK-BP International, part-owned by U.K. oil major BP PLC (BP), said Tuesday its third-quarter net profit fell 14% despite higher oil prices and output, and that it expects further output growth.