English Edition

Iraq Lauds Natural Gas Auction After Awarding All Three Fields

Τετ, 20 Οκτωβρίου 2010 - 18:56

The Iraq Oil Ministry Wednesday touted the results of its natural gas licensing round, after it named winning bidders for all three projects offered and garnered competitive contests for two of the three projects.

Qatar Withdraws from Astakos LNG and Power Project

Τετ, 20 Οκτωβρίου 2010 - 15:19

Qatar withdrew its interest in investing in the western Greek port of Astakos via a letter from the Arab state’s Energy Ministry to the Greek government yesterday. The letter suggested that the two Qatari state companies involved in the project, which had agreed earlier this year on an estimated 10-billion-euro plan to construct and operate a liquefied natural gas (LNG) terminal and an electricity plant at the port, had deemed the investment was not in their interest.

OPEC Shift Hints At Coming Oil Output Rise

Τρι, 19 Οκτωβρίου 2010 - 19:28

With crude-oil prices up by a third from a year ago, OPEC may seem content to rubber-stamp policy statements and count its growing revenue.

Oil Majors To Compete For Iraq's Gas Licensing Auction

Τρι, 19 Οκτωβρίου 2010 - 19:28

After last year's two successful oil licensing auctions, Iraq is inviting international companies to compete once again Wednesday this time for three major gas fields that contain more than 11 trillion cubic feet of proven reserves.

Total: 7th Oil Discovery On Deep Offshore Block In Angola

Τρι, 19 Οκτωβρίου 2010 - 19:28

French oil major Total SA (TOT) said Tuesday its TEPA (Block 15/06) Ltd. unit and partners discovered oil at the Mpungi-1 well in deep-water reaches offshore Angola.

China Signals Further Rare-Earth Cuts

Τρι, 19 Οκτωβρίου 2010 - 19:27

Chinese officials are signaling plans to further reduce rare-earth exports next year, sustaining its controls of the metals-- key ingredients in high-technology batteries and defense products--that have already severely frustrated foreign governments.

Russia May Impose Profit-Based Oil Tax From 2012 - Interfax

Τρι, 19 Οκτωβρίου 2010 - 19:27

Russia may impose a profit-based taxation on oil companies starting from 2012, the Interfax news agency reports Tuesday, citing the country's Deputy Finance Minister Sergey Shatalov.

Iran Begins First Stage Of Fuel Subsidy Cuts-Report

Τρι, 19 Οκτωβρίου 2010 - 19:27

Iran's government is starting the phased removal of fuel subsidies with cash payments into personal accounts Tuesday, a semi-official news agency said on the same day.

TNK-BP says to Buy BP's Assets in Vietnam, Venezuela for $1.8 bln

Δευ, 18 Οκτωβρίου 2010 - 18:29

Russia's TNK-BP, half-owned by British oil giant BP, will buy BP's producing and pipeline assets in Vietnam and Venezuela for $1.8 billion, TNK-BP said on Monday.

Poland, Russia Agree Wording Of Gas Accord - Ministry

Δευ, 18 Οκτωβρίου 2010 - 18:26

Poland and Russia have agreed on the wording of a long-awaited new natural gas supply deal, with signing now dependent on the two country's pipeline operators working out the detail of a contract of their own, a Polish Economy Ministry spokeswoman said Monday.

Enel Pitches Green Unit Dividend, Power, Country Mix, In IPO

Δευ, 18 Οκτωβρίου 2010 - 18:26

Enel SpA's (ENEL) chief executive Monday said he expects investors to snap up shares in the multibillion-euro initial public offering of its renewables unit thanks to its promised high dividend, good production and geographical mix, despite the sector having lost its shine.

Terna To Sell EUR670M Solar Unit To Terra Firma Fund

Δευ, 18 Οκτωβρίου 2010 - 18:26

Italian power grid operator Terna SpA (TRN.MI) said Monday its board has approved the sale of its solar-energy unit to an investment fund controlled by Terra Firma Capital Partners.

Boeing To Test Commercial-Jet Biofuel In China By Mid-2011

Δευ, 18 Οκτωβρίου 2010 - 18:25

Boeing Co. (BA), in cooperation with Air China Ltd. (AIRYY, 0753.HK) and others, plans to test a commercial-jet biofuel in China produced from a locally grown plant by the middle of 2011-part of an effort to commercialize cleaner fuels world-wide and bolster China's potential as a biofuel provider.

Iraq To Up Basra Export Capacity To 4.5M B/D - Deputy Oil Minister

Δευ, 18 Οκτωβρίου 2010 - 18:25

Iraq has allocated $1.4 billion to build four floating oil export terminals and three sea pipelines in the southern oil hub of Basra in order to raise export capacity to 4.5 million barrels a day, the country's deputy oil minister said Monday.

BP To Up Iraq Rumaila Field Output By 100,000 B/D

Δευ, 18 Οκτωβρίου 2010 - 18:25

U.K. oil major BP PLC (BP), along with its partner China National Petroleum Corp., plans to raise output from Iraq's supergiant Rumaila oil field by 100,000 barrels a day in November, Iraq's deputy oil minister said Monday.

India Seeks Bids For 34 Oil, Gas Exploration Blocks

Παρ, 15 Οκτωβρίου 2010 - 18:24

India Friday launched its ninth round of oil and gas field auctions with a hope that recent easing of state control over pricing of gasoline and natural gas and the global economic recovery will help it attract more foreign companies to explore its vastly unexploited sedimentary basin.