English Edition

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.

Total, Chevron Question Safety Of BP Macondo Well Design

Τρι, 26 Οκτωβρίου 2010 - 19:03

Senior executives at major oil companies Total SA (TOT) and Chevron Corp. (CVX) Tuesday criticized the safety of the design BP PLC (BP) used on its Macondo well in the Gulf of Mexico, which spilled millions of barrels of oil earlier this year following a blowout.

Turkey Won't Change Electricity, Gas Prices In 2011 - IHA

Τρι, 26 Οκτωβρίου 2010 - 19:02

Turkish Economy Minister Ali Babacan said Tuesday Turkey has decided not to change its electricity prices by the end of 2011, the Ihlas News Agency, or IHA, reported.

Lukoil May Sell Some Conoco-held Shares In Offering - Interfax

Τρι, 26 Οκτωβρίου 2010 - 19:02

Russia oil company OAO Lukoil Holdings (LKOH.RS) may sell some of its shares held by ConocoPhillips (COP) in a secondary share offering, Interfax reports Tuesday, citing comments from Chief Executive Vagit Alekperov.

Indonesia Quake Triggers Tsunami; At Least 113 Dead

Τρι, 26 Οκτωβρίου 2010 - 19:02

A tsunami caused by an Indonesian earthquake late Monday night killed at least 113 people and left almost 200 others missing after it swept across villages on remote islands off the coast of Sumatra. Officials expected the death toll to climb as damage reports emerged.