English Edition

Anadarko Discovers Oil In Offshore Mozambique

Anadarko Discovers Oil In Offshore Mozambique

U.S. oil company Anadarko Petroleum Corp. (APC) has discovered offshore oil deposits in northern Mozambique, but studies are still underway to determine if they are commercially viable, state media reported Tuesday.

Lebanon Parliament To Vote On Offshore Oil, Gas Rights Bill

Lebanon Parliament To Vote On Offshore Oil, Gas Rights Bill

Lebanese lawmakers were to vote Tuesday on a law authorizing the exploitation of offshore oil and natural gas reserves, paving the way for an auction on rights to the potential resources, an official said.

China Coal: Confident Coal Output Will Reach 200 Mln Tons In 2014

China Coal: Confident Coal Output Will Reach 200 Mln Tons In 2014

China Coal Energy Co. (1898.HK), the country's second-largest coal producer by revenue after Shenhua Energy Co., said Tuesday it is confident it will be able to raise its coal output to 200 million metric tons in 2014, from the 108.56 million tons it produced last year.

Gas Discoveries Support Australia LNG Expansion

Gas Discoveries Support Australia LNG Expansion

Three significant deep water gas discoveries off the west coast of Australia announced this week by Chevron Corp. (CVX) and Woodside Petroleum Ltd. (WPL.AU) could support the expansion of two giant liquefied natural gas projects, adding momentum to the nation's emergence as a top natural gas exporter.

Angola Seeks $3B Loan Secured Against Oil Sales -BNP

Angola Seeks $3B Loan Secured Against Oil Sales -BNP

The Angolan unit of troubled U.K.-listed oil giant BP PLC (BP) has launched a syndication arranged by BNP Paribas SA (BNP.FR) and Standard Chartered PLC (STAN.LN) to obtain a $3 billion term loan facility secured against crude oil sales from offshore fields, the banks said Monday.

Iran 1st Nuclear Power Plant To Launch Aug 21 - Russia

Iran 1st Nuclear Power Plant To Launch Aug 21 - Russia

Iran's first nuclear power plant, being built by Russia in the southern city of Bushehr, will formally launch next week, a spokesman for the Russian atomic agency told AFP Friday.

Mediterranean Oil & Gas Mulls Options After Italy Drill Ban

Mediterranean Oil & Gas Mulls Options After Italy Drill Ban

U.K. oil and gas company Mediterranean Oil & Gas PLC (MOG.LN) Friday said it is investigating how it can develop the Ombrina Mare oil discovery after an Italian decree banned oil exploration and production within five miles of the country's coastline.

Japan July Power Output Up 7.9% On Year At 90.72 Bln KWh

Japan July Power Output Up 7.9% On Year At 90.72 Bln KWh

Electricity generated by Japan's 10 regional power utilities in July rose 7.9% from a year earlier to 90.72 billion kilowatt hours as electricity demand rose due to very hot weather, the Federation of Electric Power Companies said Friday.

Australia,Greece Below Oil Stocks Requirement In May-IEA Data

Australia,Greece Below Oil Stocks Requirement In May-IEA Data

Australia and Greece in May fell short of the International Energy Agency's requirement for members to have oil stocks equivalent to at least 90 days of net imports, the latest data on the IEA's website shows.