English Edition

The Cost of Fossil Fuel Subsidies: $557bn

Δευ, 7 Ιουνίου 2010 - 13:08

The popularity of fossil fuel subsidies didn’t take much of a hit despite a big run-up in prices in 2008. Thirty-seven of the world’s biggest developing countries are spent $557bn subsidising fossil fuels that year, according to new estimates by the IEA seen by the FT.

Obama and Democrats Walk Tightrope on Oil Spill

Δευ, 7 Ιουνίου 2010 - 13:05

The BP oil spill crisis has put U.S. President Barack Obama on the defensive, upsetting his agenda and threatening to derail his fellow Democrats as they position themselves for November's congressional elections.

Ukraine Wishes to Broaden Economic Cooperation with Greece – Yanukovich

Δευ, 7 Ιουνίου 2010 - 13:04

Ukraine is interested in broadening trade and economic cooperation with Greece, Ukrainian President Viktor Yanukovich said upon the arrival in Greece on a working visit.

Gazprom Sees No Prospects for Kovykta Gas Field Development

Δευ, 7 Ιουνίου 2010 - 13:02

Russia’s gas giant Gazprom sees no prospects for the development of the Kovykta gas field, as it expects no high demand for this gas both on the domestic and foreign markets, the head of the company’s Eastern Projects Coordination Department, Viktor Timoshelov, told a news conference on Monday.

BP Spill Shows a Profit Buying 2018 Oil, Selling Spot

Δευ, 7 Ιουνίου 2010 - 13:00

The oil market is signaling that prices have nowhere to go but up as the biggest spill in U.S. history curbs drilling and makes it more expensive to develop new fields.

Russia Domestic Gas Prices To Reach Export Level By 2014

Παρ, 4 Ιουνίου 2010 - 09:44

Russian state gas firm OAO Gazprom (GAZP.RS) has agreed with the government to let domestic natural gas prices reach the level of export prices by 2014, the Interfax news agency reports Thursday citing Russia's Energy Minister Sergey Shmatko.

US: Confident Security Council Will Approve Iran Sanctions Next Week

Παρ, 4 Ιουνίου 2010 - 09:42

The White House said Thursday it is confident the U.N. Security Council will back additional sanctions on Iran in the next week.

Kazakh Oil Company Signs MOUs To Assess Caspian Blocks

Παρ, 4 Ιουνίου 2010 - 09:36

Kazakh state oil and gas company KazMunaiGas, or KMG, Thursday signed memorandums of understanding with France's Total SA (TOT) and Norway's Statoil ASA (STO) to jointly assess the exploration potential of hydrocarbons at two blocks in the Caspian Sea.

Azerbaijan May Launch Shah Deniz Stage 2 In 2014

Παρ, 4 Ιουνίου 2010 - 09:32

Azerbaijan may launch the second stage of the BP PLC (BP)-led Shah Deniz field in the Caspian Sea in 2014, two years earlier than planned, Khoshbakht Yusifzade, vice president of Azeri state oil company Socar, said Thursday.

Eni, Azerbaijan In Talks To Ship Natural Gas To Europe

Παρ, 4 Ιουνίου 2010 - 09:30

Italian energy firm Eni SpA (E) has asked Azerbaijan's state energy company Socar to participate in a project to ship natural gas from Turkmenistan to Europe, the Azeri company said Thursday.

Energy Min: Turkey To Sign Gas Deal With Azerbaijan Next Week

Παρ, 4 Ιουνίου 2010 - 09:28

Turkey's Energy Minister Taner Yildiz said Thursday that Turkey and Azerbaijan will sign a deal on buying and transportation of Azeri gas through Turkey next week, the Ihlas News Agency, or IHA, reported.

TNK-BP:Kovykta Field Operator Files For Bankruptcy

Παρ, 4 Ιουνίου 2010 - 09:26

BP PLC's (BP) Russian oil joint venture TNK-BP Ltd. said Thursday the company operating the huge Kovykta gas condensate project in Siberia has filed for bankruptcy, as talks to sell the field to a state company drag out.

EU Probes Siemens, Areva Nuclear JV Clause

Τετ, 2 Ιουνίου 2010 - 18:14

The European Commission said Wednesday it launched a probe to investigate whether a deal by German industrial conglomerate Siemens AG (SI) and France's Areva SA (CEI.FR) on the conditions for ending a nuclear power joint venture violates competition rules.

Ford To Provide 5,000 Free Electric-Vehicle Charging Stations

Τετ, 2 Ιουνίου 2010 - 18:14

Ford Motor Co. (F) is partnering with Coulomb Technologies to provide about 5,000 free in-home charging stations for the auto giant's first electric-vehicle buyers.

Lukoil Exec: Govt May Implement Zero Export Duty On Caspian Fields

Τετ, 2 Ιουνίου 2010 - 18:14

The Russian government may exempt oil fields in the Caspian Sea from export duties, OAO Lukoil Holdings (LKOH.RS), the country's second-biggest privately owned oil producer, said Wednesday.

Russia May Oil Output 10.1M B/D; Slightly Down On Month

Τετ, 2 Ιουνίου 2010 - 18:13

Russia produced 10.08 million barrels a day of crude oil and gas condensate in May, a 0.3% decline from April and slightly lower than a post-Soviet record high reached in March, the Prime-Tass news agency reported Wednesday citing statistics from the energy ministry.