1. English Edition

English Edition

Russian Gas Dispatched to Europe Across Baltic Sea

Russian Gas Dispatched to Europe Across Baltic Sea

Δευ, 31 Μαΐου 2010 - 13:40

The first batch of Russian gas to Europe across the Baltic Sea was dispatched on Sunday. The batch is only a tenth of a cubic meter, but its route almost precisely follows that of the Nord Stream pipeline under construction. The shipment proves the seriousness of the Russian intention to fulfill Nord Stream commitments to Western partners.

Oil Above $74 on Dollar But Down 14 percent in May

Oil Above $74 on Dollar But Down 14 percent in May

Δευ, 31 Μαΐου 2010 - 13:39

Oil rose above $74 a barrel on Monday as the euro steadied, although worries about euro zone economic stability saw the commodity record its biggest monthly loss in 18 months.

Uranium Enrichment Not Discussed In Iran Deal--Brazil

Uranium Enrichment Not Discussed In Iran Deal--Brazil

Σαβ, 29 Μαΐου 2010 - 14:08

Iran's decision to enrich to 20% of its stock of uranium was never part of the negotiations behind the nuclear fuel swap deal Brazil and Turkey struck with Tehran last week, Brazil's foreign minister said Friday.

Drill Ban Crimps Suppliers Of Energy

Drill Ban Crimps Suppliers Of Energy

Σαβ, 29 Μαΐου 2010 - 14:07

Oil and gas companies Friday began shutting down 33 oil-exploration rigs operating in deep water in the Gulf of Mexico in response to government demands while bristling at the prospect of the six-month drilling ban.

Obama Orders BP To Pay All Economic Injury Claims

Obama Orders BP To Pay All Economic Injury Claims

Σαβ, 29 Μαΐου 2010 - 14:06

President Barack Obama, speaking in Louisiana, on Friday said he has ordered BP PLC (BP, BP.PLN) to pay all economic injury claims related to the Gulf oil disaster and reiterated that the outcome of a maneuver to plug the mile-deep well remains uncertain.

Gulf Drilling Halt To Cut US 11 Oil Output By 160K B/D

Gulf Drilling Halt To Cut US '11 Oil Output By 160K B/D

Σαβ, 29 Μαΐου 2010 - 14:05

President Obama's decision to halt ongoing drilling by 33 deepwater exploratory rigs in the Gulf of Mexico deepwaters could cut US oil production by 160,000 barrels of oil per day in 2011, says Adam Sieminski, energy strategist at Deutsche Bank, in a note to clients.

OPEC Analyst: Oil Futures Contango Likely To Persist

OPEC Analyst: Oil Futures Contango Likely To Persist

Πεμ, 27 Μαΐου 2010 - 18:31

The contango structure of the oil futures curve is expected to persist for some time, according to Mohammad Alipour-Jeddi, head of the petroleum studies department at the Organization of Petroleum Exporting Countries.

BP Shares +5% As Coast Guard Says Gulf Leak Stopped

BP Shares +5% As Coast Guard Says Gulf Leak Stopped

Πεμ, 27 Μαΐου 2010 - 18:30

Shares in BP PLC (BP) rose sharply Thursday as U.S. Coast Guard Admiral Thad Allen, who is overseeing the disaster response in the Gulf of Mexico, said the company's "top kill" maneuver had successfully prevented oil and gas leaking from the well.

Top-Level Speakers and Panellists to Participate in the 4th S. E. Europe Energy Dialogue

Top-Level Speakers and Panellists to Participate in the 4th S. E. Europe Energy Dialogue

Πεμ, 27 Μαΐου 2010 - 17:37

Following the success of the previous Energy Dialogue conferences, held over the last three years, IENE’s “4th South East Europe Energy Dialogue” ( Thessaloniki, Hyatt Regency Hotel, 3-4 June 2010), which is being organized in association with the World Energy Council ( WEC), is attracting top-level participation from speakers, companies and international organizations