English Edition

China Lends Venezuela $20 Billion, Secures Oil Supply

Δευ, 19 Απριλίου 2010 - 14:11

China, the world’s second-biggest oil user, will lend Venezuela $20 billion and form a venture to pump crude from an Orinoco Belt block, President Hugo Chavez said as he promised to meet the Asian country’s energy needs.

The World Currently Consumes Oil at a Rate of About 40,000 US Gallons per Second

Δευ, 19 Απριλίου 2010 - 13:44

According to David O’Reilly the CEO of CHEVRON, the world currently consumes oil at a rate of about 40,000 US gallons per second. He says, “the scale of the energy system is enormous.”

Evros Objects to Pipeline Bill

Δευ, 19 Απριλίου 2010 - 13:27

Local officials in Evros, northeastern Greece, have voted against the government’s plans to speed up the legislative procedure that paves the way for the construction of the Burgas-Alexandroupoli oil pipeline.

New Gas Field 26 bln cub m Reserves Confirmed in Irkutsk Region

Δευ, 19 Απριλίου 2010 - 13:23

The Russian Federal Agency for Subsoil Use has confirmed the deposits of the Naryaginskoye gas field that has been discovered in the territory of the Ust-Kut and Kazachinsko-Lenskoye districts of the Irkutsk region. The total area of the license field is 2,500 square kilometres, the initial gas-in-place under the categories C1+C2 exceeds 26 billion cubic metres

Iran Stores Oil Offshore As Crude Demand Tapers Off

Παρ, 16 Απριλίου 2010 - 19:36

Iran is believed to be storing large volumes of crude oil on tankers in the Persian Gulf, a sign of ebbing spring demand for heavy sour crude at a time when the global economic crisis has already sapped the appetite for oil and crude products.

Iceland Volcano Unlikely To Slow Global Warming - Scientists

Παρ, 16 Απριλίου 2010 - 19:36

Big volcanic eruptions have had a cooling effect on Earth's climate, but the Icelandic event is too small to provide any such respite from man-made global warming, scientists said Friday.

France, Kuwait Sign Accord On Nuclear Energy Co-operation

Παρ, 16 Απριλίου 2010 - 19:35

France and Kuwait on Friday signed an agreement on co-operating in the development of civil nuclear energy, the French prime minister's office said in a statement.

ExxonMobil Sets Drilling Records

Παρ, 16 Απριλίου 2010 - 19:35

ExxonMobil has completed the world's longest extended-reach well drilled from an existing offshore fixed platform drilling rig, increasing the company's ability to produce more domestic oil supplies from existing facilities at the Santa Ynez unit, offshore southern California.

China 2Q Crude Demand Expected At 35 Mln Tons A Month -Xinhua

Παρ, 16 Απριλίου 2010 - 19:34

China's monthly crude oil demand between April and June is expected to rise to around 35 million metric tons amid a recovering economy, the state-controlled Xinhua News Agency reported Friday.

Medvedev Threatens Russia Withdrawal From Kyoto Deal - Report

Παρ, 16 Απριλίου 2010 - 19:34

Russian President Dmitry Medvedev said Friday the country will pull out of the Kyoto environmental agreement if a compromise can't be found concerning the reduction of carbon emissions, the RIA Novosti news agency reports.

Russia, Ukraine Approve New Gas Agreements

Παρ, 16 Απριλίου 2010 - 14:48

Russia and Ukraine approved on Friday new gas agreements reached by energy giant Gazprom and its Ukrainian partners, the Russian government press service said. It said the agreements are based on Ukrainian President Viktor Yanukovych's proposals and establish a new pricing structure.

Turkey Believes Iran Nuclear Deal Still Possible

Παρ, 16 Απριλίου 2010 - 14:46

Turkey's foreign minister said on Wednesday he believed it was still possible to revive a deal, widely regarded as dead, under which Iran would send much of its low enriched uranium, or LEU, for processing abroad.

OPEC Will Step In If Oil Hits $100/Bbl - Kuwait Oil Minister

Πεμ, 15 Απριλίου 2010 - 18:24

Kuwaiti Oil Minister Sheikh Ahmad Abdullah al-Sabah said Thursday the Organization of Petroleum Exporting Countries will step in to alter output if crude prices top $100 a barrel.

IMF Head: Greece Has Requested Talks On Multi-Year Financing

Πεμ, 15 Απριλίου 2010 - 18:24

The head of the International Monetary Fund confirmed Thursday that Greek authorities requested talks on a multi-year financing deal, as part of a joint rescue package with euro-zone countries.

UN:China Must Spend $86B/Yr To Meet Greenhouse Gas Targets

Πεμ, 15 Απριλίου 2010 - 18:24

Facing rising energy needs from a wave of unprecedented urbanization, China will have to spend up to $86 billion a year to reach ambitious greenhouse gas-reduction targets, a United Nations report says, one of the first estimates of how much China's global warming targets will cost.

France, Italy Press EU Commission For Climate Border Tax

Πεμ, 15 Απριλίου 2010 - 18:23

The European Union must come up with new tools to advance international climate talks, and must consider introducing a border tax system linked to the carbon dioxide content of products imported into the bloc, according to France's President Nicolas Sarkozy and Italy's Prime Minister Silvio Berlusconi.