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BP: To Sell Oil,Gas Production, Exploration Assets In Pakistan

BP: To Sell Oil,Gas Production, Exploration Assets In Pakistan

Τρι, 20 Ιουλίου 2010 - 17:16

BP PLC (BP) plans to sell its oil and gas production assets and exploration licenses in Pakistan as part of a divestment process aimed at raising $10 billion to cover the cost of the Gulf of Mexico oil spill, a company spokesman said Tuesday.

Eni In Possible Azeri Upstream, CNG Project-CEO

Eni In Possible Azeri Upstream, CNG Project-CEO

Τρι, 20 Ιουλίου 2010 - 17:15

Eni SpA (E) could resume exploration and production in Azerbaijan and take a central role in a project to ship compressed natural gas from Turkmenistan to the Azeri pipeline network, Chief Executive Paolo Scaroni said Tuesday in a telephone interview from Baku.

Ocean Energy Wants Place in EUs Energy Future

Ocean Energy Wants Place in EU's Energy Future

Τρι, 20 Ιουλίου 2010 - 11:40

Wave and tidal energy could provide 15% of Europe's energy needs by 2050, the industry estimates, calling for support measures to realise its potential.

Gazprom Denies Inviting RWE To South Stream Gas Project

Gazprom Denies Inviting RWE To South Stream Gas Project

Δευ, 19 Ιουλίου 2010 - 17:09

Russian gas giant Gazprom (GAZP.RS) has denied inviting Germany's utility company RWE AG (RWE.XE) to join the South Stream gas pipeline that would cross the Black Sea and is a rival to the EU-backed project.

GDF Suez,International Power In Asset-Merger Talks

GDF Suez,International Power In Asset-Merger Talks

Δευ, 19 Ιουλίου 2010 - 17:08

International Power PLC's (IPR.LN) shares surged more than 11% Monday morning after confirmation that the U.K.-based company resumed talks to merge energy assets with French power company GDF Suez SA (GSZ.FR).

China Passes US As Worlds Biggest Energy Consumer - IEA

China Passes US As World's Biggest Energy Consumer - IEA

Δευ, 19 Ιουλίου 2010 - 17:06

Powered by years of rapid economic growth, China is now the world's biggest energy consumer, knocking the U.S. off a perch it held for more than a century, according to new data from the International Energy Agency

Liability The Main Issue For BP - Credit Suisse

Liability The Main Issue For BP - Credit Suisse

Δευ, 19 Ιουλίου 2010 - 17:06

Liability is the key issue for BP (BP.LN) says Credit Suisse, although the brokerage concedes that getting close to "zero oil" is an important psychological step. Says there are four main liability questions that remain unanswered.

Greece Stresses Turk Ship Concern

Greece Stresses Turk Ship Concern

Δευ, 19 Ιουλίου 2010 - 16:16

Greece has raised concerns with Turkey for a second time about the activities of a Turkish marine research ship near Greek territorial waters. Just days after the Piri Reis was spotted between Rhodes and Kastelorizo, prompting an official complaint from the Foreign Ministry to Ankara, Alternate Foreign Minister Dimitris Droutsas expressed Greece’s worries about the vessel’s activities

China Seals Oil Port After Spill

China Seals Oil Port After Spill

Δευ, 19 Ιουλίου 2010 - 16:14

One of China's biggest ports, Dalian, shut on Monday after an offshore pipeline explosion triggered a major oil spill, forcing a refinery to cut processing and importers to divert cargoes elsewhere.

Nazarbayev: EU Not Doing Enough on Nabucco

Nazarbayev: EU Not Doing Enough on Nabucco

Δευ, 19 Ιουλίου 2010 - 16:13

"In Europe there is a lot of talk on Nabucco ... but in reality little gets done," Nazarbayev said at a joint news briefing with German Chancellor Angela Merkel in the Kazakh capital, adding that his comments were not criticism.

Iran Revolutionary Guards Wing Pulls Out Of Gas Projects

Iran Revolutionary Guards Wing Pulls Out Of Gas Projects

Παρ, 16 Ιουλίου 2010 - 19:40

The engineering arm of Iran's Revolutionary Guards said Friday it was pulling out of projects in a giant Iranian gas field, blaming the mounting sanctions the paramilitary force faces from the West.

Obama: BP Cap is Good News, But Work to Stop Leak Not Done

Obama: BP Cap is Good News, But Work to Stop Leak Not Done

Παρ, 16 Ιουλίου 2010 - 19:39

U.S. President Barack Obama said Friday a new cap that has stopped oil flowing into the Gulf of Mexico from BP PLC's (BP, BP.LN) broken well is "good news," but warned the public not to "get ahead of ourselves" and believe the well is completely sealed.