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North Korea Seeks To Develop Smaller Nuclear Warheads - Minister

Τρι, 2 Νοεμβρίου 2010 - 18:12

North Korea is trying to develop small nuclear weapons that can be delivered by missiles or aircraft, South Korea's defense minister said Tuesday.

UK Offshore Regime Fit For Purpose - Energy Minister

Τρι, 2 Νοεμβρίου 2010 - 18:11

U.K. Energy Minister Charles Hendry Tuesday said the laws governing offshore drilling in the U.K. were "fit for purpose," as he answered questions from the Energy and Climate Change Committee.

Total: Restarting Operations Ongoing At French Refineries

Τρι, 2 Νοεμβρίου 2010 - 18:11

French oil giant Total SA (TOT) Tuesday said restarting operations at its refineries in France are ongoing. "Restarting operations are ongoing," a spokesman for the company told Dow Jones Newswires, without any further details.

Al Qaeda Suspected As Yemen Pipeline Is Sabotaged

Τρι, 2 Νοεμβρίου 2010 - 18:11

Suspected al Qaeda militants sabotaged an oil pipeline in Yemen's southern province of Shabwa Tuesday, a security official said.

Rosneft To Save $800M In 2011 On Vankor Tax Breaks

Τρι, 2 Νοεμβρίου 2010 - 18:10

Russian oil major OAO Rosneft (ROSN.RS) expects to save around $800 million on a pretax basis next year due to tax breaks at its Vankor field, although it still doesn't have sufficient clarity on possible changes to the tax regime for the industry, a company executive said Tuesday.

BP Profit Plunges On Further Spill Charge

Τρι, 2 Νοεμβρίου 2010 - 18:10

BP PLC (BP) third-quarter net profit plunged by two-thirds Tuesday as it took a further $7.66 billion pre-tax charge for the Gulf of Mexico oil spill, although the company beat analysts' expectations on some key operational benchmarks.

Competing Pipeline Projects are a Gas, Gas, Gas for Romania

Τρι, 2 Νοεμβρίου 2010 - 15:01

Seen so far as just wishful thinking, gas interconnection with other regional countries has become a reality: last week Romania and Hungary inaugurated the Arad-Szeged gas pipeline. And the authorities’ big plans do not stop there.

Romanian Hidroelectrica to Invest EUR 18 mln in Wind Turbines

Τρι, 2 Νοεμβρίου 2010 - 15:00

Romanian state-owned hydropower generator Hidroelectrica could invest some EUR 18 million in the next years to set up wind turbines on its hydropower plants along the river Siret, company operational director Dragos Zachia said Thursday.

Brikel Thermal Power Plant Denied Additional Emission Quotas

Τρι, 2 Νοεμβρίου 2010 - 14:59

An inter-agency working group distributing greenhouse gas emission quotas reserved for new participants rejected a request by the Brikel Thermal Power Plant for additional quotas, the Environment and Water Ministry said on Monday after a meeting of the working group.

Russia, Qatar Sign Memorandum of Cooperation on Peaceful Nuclear Use

Τρι, 2 Νοεμβρίου 2010 - 14:16

Russia and Qatar signed on Tuesday a memorandum of cooperation in the peaceful use of nuclear energy. The document was signed in Moscow by Nikolai Spasski, the deputy director of the Russian state-run nuclear corporation Rosatom, and the Qatari ambassador to Russia, Ahmed Saif Al-Midhadi.

Saudi Hints at a Higher Oil Price and Blames Renewables

Τρι, 2 Νοεμβρίου 2010 - 14:15

Ali Naimi, the oil minister of Saudi Arabia, was in mischievous mood on Monday night, positing an oil price of $70 to $90 for the foreseeable future, and suggesting that oil consumers should be happy with such a settlement – because a price of more than $70 was needed to justify investments in renewable energy.

Angola Oil Minister: Oil Output To Touch 2.2 Mln BPD By 2012

Δευ, 1 Νοεμβρίου 2010 - 19:04

Angola, a member of the Organization of Petroleum Exporting Countries, expects to produce 2.2 million barrels of oil per day by 2012, Jose Maria Botelho de Vasconcelos said at the Petrotech energy conference Monday.

Turkmenistan To Strike EU Gas Supply Deal By Nov End - Report

Δευ, 1 Νοεμβρίου 2010 - 19:04

Turkmenistan expects to sign an agreement by the end of November with a consortium of European energy companies to supply natural gas to Europe along a route that would by-pass Russia for the first time, the Telegraph newspaper reports, citing a Turkmenistan official.