English Edition

Putin's Idea to Unite Naftogaz, Gazprom is Impromptu - Yanukovich

Τρι, 11 Μαΐου 2010 - 13:45

Ukraine’s President Viktor Yanukovich described as an improvization the proposal from Russia’s Prime Minister Vladimir Putin regarding the possibility of a merger of Naftogaz and Gazprom.

Oil Falls Towards $76 as EU Concerns Resurface

Τρι, 11 Μαΐου 2010 - 13:43

Oil fell toward $76 on Tuesday as euphoria over the euro zone's $1 trillion rescue package faded, leaving doubts over the longer-term outlook for Europe's economies and their future demand for fuel.

Romania Aims to Become a Hub for the European Gas Market

Δευ, 10 Μαΐου 2010 - 18:59

Taken together, EU financial support for interconnecting emerging Europe's gas network combined with the prospect of liquefied natural gas (LNG) shipments of Azeri gas arriving in Romania via Georgia could see Romania turning into a gas transit hub before you can say "Nabucco." However, claims that these plans could replace that EU-backed pipeline are arguably overblown.

Chavez Tweets $40B Oil Investment Signing Plan

Δευ, 10 Μαΐου 2010 - 18:58

President Hugo Chavez said in a Twitter message that Venezuela on Wednesday will sign investment deals worth $40 billion with oil companies from the U.S., India, Japan and Spain. Firms from these countries, including Chevron (CVX) and Repsol (REP.MC) , are involved in consortia that won rights to drill for oil with state-run PDVSA in Carabobo oil blocks.

Russia, Turkey To Sign Energy Deals During Medvedev Visit

Δευ, 10 Μαΐου 2010 - 18:58

Russia and Turkey will sign more than 20 agreements, including energy deals, during President Dmitry Medvedev's visit to Ankara this week, his top foreign policy aide said in comments released Monday.

Saudi Leaves June Term Crude Volumes To Europe Unchanged-Trade

Δευ, 10 Μαΐου 2010 - 18:57

Saudi Arabian Oil Co., or Saudi Aramco, has left its June term crude oil allocations unchanged for several European buyers, according to crude traders Monday. Three European lifters contacted by Dow Jones Newswires said state-owned Aramco had kept allocations, mainly of light crude, at full volume in June, steady from May.

Arab World To Remain Key Global Energy Source For Decades

Δευ, 10 Μαΐου 2010 - 18:57

Arab countries will remain the world's main energy supplier for decades to come, with more than half of proven global oil reserves, speakers at an Arab energy conference in Doha said Monday.

Iran Sets Shell, Repsol 2-Week Ultimatum For Giant Gas Field

Δευ, 10 Μαΐου 2010 - 18:56

Iran Monday gave a two-week ultimatum to Royal Dutch Shell PLC (RDSB.LN) and Repsol SA (REP) to sign a deal to enter the giant South Pars gas field as the Islamic Republic grows impatient about the majors' reluctance to commit.

Qatar Oil Min:Happy With OPEC Quota Compliance,Demand

Δευ, 10 Μαΐου 2010 - 18:56

Qatar's oil minister Abdullah bin Hamad Al Attiyah said Monday he is "happy" with Organization of Petroleum Exporting Countries' compliance to crude oil production quotas and global oil demand.

China: Carbon Tax Likely, Expert Forecasts

Δευ, 10 Μαΐου 2010 - 12:54

China may start levying a carbon tax and further boost prices of fossil fuel for the next five years as a crucial incentive to cut greenhouse gas emissions and help realize green targets, a government-affiliated expert forecast.

Deepwater Horizon Rig Disaster Threatens Drilling

Δευ, 10 Μαΐου 2010 - 12:47

BP Plc last September tapped into a new oilfield called Tiber, estimated to hold at least 3 billion barrels of crude, or six months’ worth of U.S. consumption.Discovered through seismic imaging and data crunched on a supercomputer, the field is almost six miles (9.6 kilometers) beneath the Gulf of Mexico’s floor

Eleven Dead, 41 Injured in Coalmine Accident in the Kemerovo Region

Δευ, 10 Μαΐου 2010 - 12:43

Eleven people died and 41 were injured in the coalmine explosions in the Kemerovo Region, a regional emergency department source said.According to the latest information, the explosions in the Raspadskaya mine in Mezhdurechensk, the Kemerovo region, killed eleven people and injured 41, the source said.

Iran Foreign Minister To Visit Turkey After NPT Event - Report

Πεμ, 6 Μαΐου 2010 - 18:34

Iranian Foreign Minister Manouchehr Mottaki will visit Turkey for talks on his return from the Nuclear Non-Proliferation Treaty Review in New York, reports PressTV on its website Thursday, citing diplomatic sources.

Hungary Energy Sector Needs Interconnectivity Focus - Industry

Πεμ, 6 Μαΐου 2010 - 18:34

Hungary's energy sector need to focus more on gas and electricity interconnection with its neighbors and on the development of its transmission infrastructure, figures from industry said Thursday.

Poland To Renegotiate Russian Gas Deal On EU Concerns

Πεμ, 6 Μαΐου 2010 - 18:33

Poland is going to delay signing a gas agreement it has reached with Russia and is willing to renegotiate it, taking into account the European Commission's concerns that it may not comply with European Union rules, a spokeswoman for the commission said Thursday.

Russian Marines Free Tanker, Capture Pirates

Πεμ, 6 Μαΐου 2010 - 18:33

Russian marines Thursday stormed a hijacked Russian oil tanker in the Gulf of Aden in a daring early morning raid, killing one of the Somali pirates aboard and capturing another 10.