English Edition

IEA Warns Higher Oil Prices May Threaten Recovery

Παρ, 12 Νοεμβρίου 2010 - 18:39

The International Energy Agency Friday warned that higher oil prices may threaten the economic recovery next year, rebuffing bulls eyeing three-digit oil prices after a spike close to $90 a barrel.

Bankers Petroleum Q3 Profit Rises on Higher Production in Albania

Παρ, 12 Νοεμβρίου 2010 - 15:09

Canada's Bankers Petroleum Ltd (BNK.TO: Quote), engaged in the exploration and production of oil in Albania, posted quarterly profit that more than doubled helped by increased production and oil prices.

Belarus Seeks to Diversify Oil, Gas Imports – Lukashenko

Παρ, 12 Νοεμβρίου 2010 - 15:09

Belarus plans to buy less than half of oil it needs from Russia in 2011, President Alexander Lukashenko said in an interview with Germany’s media on Friday.

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.