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Turkey and Syria Join Forces to Explore Oil in Syria

Τετ, 6 Οκτωβρίου 2010 - 16:30

Taner Yildiz, Turkey’s Minister of Energy and Natural Resources, said a joint oil company has been established by Turkey and Syria and that explorations will be carried out in seven oil fields in Syria.

Russia On Track for New Arctic Bid in 2013

Τετ, 6 Οκτωβρίου 2010 - 14:26

Russia will submit a well substantiated claim to oil- and gas-rich Arctic territories at the UN in 2013, famous polar explorer Artur Chilingarov said on Tuesday.

LUKoil Vice President Says no Plans to Buy Italian Club Roma

Τετ, 6 Οκτωβρίου 2010 - 14:25

The vice president of Russia's biggest oil firm LUKoil, Leonid Fedun has dismissed speculation that he wants to buy the Italian club Roma.

TNK-BP Set to Buy BP Algerian Assets in Foreign Expansion

Τετ, 6 Οκτωβρίου 2010 - 14:24

TNK-BP, the venture between BP Plc and Russian billionaires, will look to acquire the London-based company’s Algerian fields to accelerate overseas expansion.

Desertec Looks to Secure Route to African Solar Farms

Τετ, 6 Οκτωβρίου 2010 - 14:23

The high profile Desertec solar project has moved a step closer towards delivering on its ambitious plans for solar thermal power plants across the North African desert that could one day supply Europe with energy.

Oil India To Raise Natural Gas Output 67% By March 2013 - Executive

Τρι, 5 Οκτωβρίου 2010 - 18:55

Oil India Ltd. (533106.BY) plans to raise its domestic natural gas production by about two-thirds to 10 million metric standard cubic meters a day by March 2013 to meet growing demand for the cleaner fuel, its finance director said Tuesday.

Russia: Militants Plan Maritime Oil-Transport Hub Attack-Report

Τρι, 5 Οκτωβρίου 2010 - 18:55

Militant organizations are planning attacks against infrastructure around key maritime oil transport hubs like the Suez Canal and Straits of Hormuz, a top Russian official said Tuesday.

China To Become Aggressive In Resources Search-Think Tank

Τρι, 5 Οκτωβρίου 2010 - 18:54

China is set to become increasingly aggressive in its drive to find natural resources, and now has the cash to do so, a senior fellow at think tank Chatham House said Tuesday.

Enel Green Unit EUR10.5B In IPO Premarketing Value

Τρι, 5 Οκτωβρίου 2010 - 18:54

The renewables energy unit that Enel SpA (ENEL.MI) is planning to sell in coming weeks is valued at EUR10.5 billion in the pre-marketing phase, said a person familiar with the matter Tuesday.

Medvedev's Mediterranean Tour To Focus On Energy, Politics

Τρι, 5 Οκτωβρίου 2010 - 18:54

Russian President Dmitry Medvedev Wednesday begins a three-day Mediterranean tour during which he will seek to forge closer economic and political ties with Algeria and European Union member Cyprus.

Norway 2010 Oil Output To Fall 5% To 2.2 Million B/D - Ministry

Τρι, 5 Οκτωβρίου 2010 - 18:53

Norway's total oil production is expected to fall to 2.2 million barrels a day in 2010, down 5% from 2009, the country's Ministry of Petroleum and Energy said Tuesday.

Iberdrola, Enel May Dodge Cuts as Spain Plans Sale

Τρι, 5 Οκτωβρίου 2010 - 16:26

The Spanish government’s plan to sell about 14 billion euros ($19 billion) of bonds to pay debt owed to the country’s biggest power companies may helpIberdrola SAandEnel SpAavoid credit-rating downgrades.

GDF Suez Exec Sees 2011 Global Natural Gas Supply Above Demand

Δευ, 4 Οκτωβρίου 2010 - 18:37

Natural gas prices are likely to remain depressed next year because of a high level of supply compared with demand in the industry, GDF Suez executive vice president Jean Marie Dauger said Monday.