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Multinational Oil, The US and Nigeria: A Crude Contrast

Multinational Oil, The US and Nigeria: A Crude Contrast

Παρ, 6 Αυγούστου 2010 - 13:26

The 20 April explosion of BP’s Deepwater Horizon oil rig has given rise to a terrible ecological disaster, proving devastating for wildlife, ecosystems and people’s livelihoods across much of the Gulf of Mexico. The explosion claimed the lives of 11 workers, and an estimated 200,000 gallons per day of oil has been spilling out of the damaged rig despite BP’s efforts to contain the environmental mess.

Bulgarian Govt Grants Melrose 10 Year Gas Concession

Bulgarian Govt Grants Melrose 10 Year Gas Concession

Παρ, 6 Αυγούστου 2010 - 13:17

Bulgaria’s Cabinet has granted a ten-year concession for the extraction of natural gas to the UK company Melrose Resources. The concession refers to the Kavarna deposit. Last week the government and Melrose announced the discovery of new natural gas deposits in the Black Sea off the northern Bulgarian coast, whose extraction is expected to bring down the natural gas prices in the country.

Russia May Redirect More Crude To Asia

Russia May Redirect More Crude To Asia

Πεμ, 5 Αυγούστου 2010 - 18:36

More Russian crude oil exports could be redirected to Asia from Europe, when construction of a new pipeline link to China is finished, says JBC Energy. Notes Russian crude exports via the Black and Baltic Seas fell by a combined 230,000 barrel/day in 1H '10, while exports via Kozmino rose by 290,000 barrel/day.

ECB, EU, IMF: Greece Met Its Targets For 1H 2010

ECB, EU, IMF: Greece Met Its Targets For 1H 2010

Πεμ, 5 Αυγούστου 2010 - 18:35

Greece has met all of its targets under the austerity plan laid out for it by the European Union and International Monetary Fund, and should receive its next tranche of financial aid as scheduled, pending final reviews, the EU, IMF and European Central Bank said in a joint statement Thursday.

Ahmadinejad Says Iran Building Three-stage Rocket

Ahmadinejad Says Iran Building Three-stage Rocket

Πεμ, 5 Αυγούστου 2010 - 18:34

President Mahmoud Ahmadinejad said Iran is working on a three-stage rocket to carry a satellite 1,000 kilometers into space, Fars news agency reported Thursday.

Romanias Romgaz 1H Net Profit Falls 30% To RON226M - Mediafax

Romania's Romgaz 1H Net Profit Falls 30% To RON226M - Mediafax

Πεμ, 5 Αυγούστου 2010 - 18:34

Romanian leading natural gas producer and distributor Romgaz Thursday reported a 30% drop in its first-half net profit to 225.7 million lei ($70 million), hurt by higher expenses, news agency Mediafax reported.

Enel To Invest EUR300 Mln In Brindisi Environmental Projects

Enel To Invest EUR300 Mln In Brindisi Environmental Projects

Πεμ, 5 Αυγούστου 2010 - 18:33

Enel SpA (ENEL.MI) said Thursday it has reached an agreement with Italy's environment ministry that allows it to invest EUR300 million in projects aimed at reducing pollution in an industrialized area in the south of the country.

Obama Offers Iran Path For New Talks On Nuclear Program

Obama Offers Iran Path For New Talks On Nuclear Program

Πεμ, 5 Αυγούστου 2010 - 18:33

President Barack Obama said he remains willing to speak with Iran on its nuclear program and international sanctions if the Tehran follows "a clear set of steps," according to comments published Thursday.

Russia, South Africa Seal Deal on Uranium Delivery

Russia, South Africa Seal Deal on Uranium Delivery

Πεμ, 5 Αυγούστου 2010 - 14:53

Russia signed a contract on Thursday with the Republic of South Africa on the delivery of enriched uranium. The 10-year-long contract was signed in Moscow during talks between the presidents of Russia and South Africa, Dmitry Medvedev and Jacob Zuma.

EU Seeks Caspian Gas Accord to Lower Dependence on Russia

EU Seeks Caspian Gas Accord to Lower Dependence on Russia

Πεμ, 5 Αυγούστου 2010 - 14:53

The European Union is seeking an agreement on a natural gas pipeline between Turkmenistan and Azerbaijan as the 27-nation bloc aims to import Caspian fuel and reduce its dependence on Russia, Bloomberg reported on Wednesday.

Russia Approves Gazprom Neft Kyoto Emission Cuts Project

Russia Approves Gazprom Neft Kyoto Emission Cuts Project

Τετ, 4 Αυγούστου 2010 - 19:04

Russian oil major OAO Gazprom Neft (SIBN.RS) said Wednesday it has received approval for a project to cut carbon emissions in cooperation with Japanese companies Mitsubishi Corp. (8058.TO) and Nippon Oil.

Obama: BP Gulf Oil Spill Coming Close To An En

Obama: BP Gulf Oil Spill Coming Close To An En

Τετ, 4 Αυγούστου 2010 - 19:04

U.S. President Barack Obama said Wednesday it was "welcome news" that BP PLC's (BP, BP.LN) efforts to plug the well with heavy mud was a success.

Turkish Steelmaker Icdas To Invest $2.5 Bln In Energy - Report

Turkish Steelmaker Icdas To Invest $2.5 Bln In Energy - Report

Τετ, 4 Αυγούστου 2010 - 19:04

Turkish iron and steel producer Icdas plans to invest $2.5 billion in energy in a move to increase its capacity, Turkish daily Hurriyet reports Wednesday, while the company expects global steel demand to pick up starting in September.