English Edition

Russia to Seek Adoption of Convention on Oil Spill Prevention at Next G20 summit

Παρ, 12 Νοεμβρίου 2010 - 15:08

Russia will seek the adoption of a convention on oil spill prevention at the next G20 summit, Russian President Dmitry Medvedev said on Friday.

Libya's Ghanem Sees Weak Dollar As Big Factor In Rising Crude

Πεμ, 11 Νοεμβρίου 2010 - 19:04

Rising oil prices are more the result of the depreciation of the dollar than market fundamentals, Libya's top oil official said Thursday.

Brazil's Petrobras, Partners Sign $3.5 Bln Oil Platform Deal

Πεμ, 11 Νοεμβρίου 2010 - 19:04

Brazilian state-controlled oil company Petrobras (PBR, PETR4.BR), and three minority partners in offshore oil development projects, on Thursday announced a $3.5 billion deal with Brazilian engineering company Engevix to build eight production vessels.

RWE Reaffirms 2010 Targets But Sees Tough 2011

Πεμ, 11 Νοεμβρίου 2010 - 19:04

RWE AG (RWE.XE) Thursday said it expects low electricity and gas prices, as well as "substantial burdens" from a tax on nuclear fuel in Germany, to hit profits from 2011.

GE To Buy 25,000 Electric Vehicles By 2015, Including 12,000 Volts

Πεμ, 11 Νοεμβρίου 2010 - 19:03

General Electric Co. (GE) said it will buy 25,000 electric vehicles by 2015 to use in its fleets and those of its fleet-services business, converting at least half of one of the world's biggest vehicle fleets to electric.

OPEC Ups '11 Oil Demand, Helping Push To Near $90/Bbl

Πεμ, 11 Νοεμβρίου 2010 - 19:03

The Organization of Petroleum Exporting Countries Thursday boosted its oil demand views for 2011 over fast-improving economic prospects, helping to push oil prices within reach of $90 a barre

Iraq To Elect Speaker, President In Move Toward Power-Sharing Deal

Πεμ, 11 Νοεμβρίου 2010 - 19:03

Iraqi parliamentarians are set to elect a speaker of the house as well as the country's president, the first steps necessary to cement a still-emerging coalition government agreement that would see Prime Minister Nouri al-Maliki keep his position for a second term.

Zeta digs Jimbolia well in Romania

Πεμ, 11 Νοεμβρίου 2010 - 16:39

Zeta Petroleum Limited (Zeta), the operator and 50 percent working interest holder has started the drilling of the Jimbolia-1ST well re-entry on the Jimbolia concession in Romania, according to Business Wire.

OMV Petrom Turns to Loss for the Third Quarter

Πεμ, 11 Νοεμβρίου 2010 - 16:38

Oil and gas company OMV Petrom posted a net loss of EUR 23.3 million in the third quarter of the year. However, the company managed to post a profit of EUR 332 million for the first nine months of the year, which was up 44 percent compared to the same period of last year.

EU Biofuels Growth on Hold as Green Benefits Queried

Πεμ, 11 Νοεμβρίου 2010 - 16:37

The European Union's biofuels industry is unlikely to expand until the debate about their impact on climate change is resolved and clear policies emerge, the head of major UK biofuels firm said on Wednesday.

RWE: 3rd Round Of Talks To Buy Azerbaijani Gas On Fri

Τετ, 10 Νοεμβρίου 2010 - 19:10

German energy company RWE AG (RWE.XE) Friday will resume negotiations to secure natural gas from Azerbaijan that would be crucial to reduce Europe's dependence on Russian imports, the company's head of supply and trading said Wednesday.

Canada Oil Sands Industry Must Get 'Social License' To Grow -Report

Τετ, 10 Νοεμβρίου 2010 - 19:10

Negative perception of Canada's oil sands could slow its growth if the industry doesn't make a compelling case for continued development, a report by the U.S. consulting firm Deloitte says.

BP Gears Up To Shut Down UK North Sea Field On Iran Sanctions

Τετ, 10 Νοεμβρίου 2010 - 19:10

BP PLC (BP) said Wednesday it was taking steps to shut down a natural-gas field in the U.K. North Sea that it jointly owns with Iran, confirming a warning last month that new European sanctions could interrupt the operation.