English Edition

Russia-Led Gas Group Doesn't Rule Out OPEC-like Cartel

Τρι, 15 Δεκεμβρίου 2009 - 20:23

The Gas Exporting Countries Forum, or GECF, has no immediate plans to coordinate output volumes to regulate prices but doesn't rule out becoming an Organization of Petroleum Exporting Countries-like cartel in the future, the group's newly elected general-secretary, Leonid Bokhanovsky, said Tuesday.

MOL CEO: No Major Acquisitions In Coming Years

Τρι, 15 Δεκεμβρίου 2009 - 20:22

Hungarian oil and gas company MOL Nyrt. (MOL.BU) doesn't plan large acquisitions in the next few years following the purchasing a 47.15% in Croatian oil and gas arm company INA (INA.ZG), Chief Executive Zsolt Hernadi told German daily Handelsblatt in an interview.

Kuwait Says GCC Not Threatened By Iraqi Oil Plans

Τρι, 15 Δεκεμβρίου 2009 - 20:21

Kuwait's foreign minister Sheikh Mohammad al-Salem al-Sabah said Tuesday the Gulf Cooperation Council, or GCC, are "not threatened" by Iraq's plans to expand its oil production.

Eni Starts Production Of The Oyo Oil Field In Offshore Nigeria

Τρι, 15 Δεκεμβρίου 2009 - 20:20

Eni SpA (E), Italy's biggest energy company by market value, Tuesday said it has started, with its partners, production at the Oyo oil field offshore Nigeria, which can initially produce about 25,000 barrels a day.

GDF Suez Arm To Build New Power Plant In Poland

Τρι, 15 Δεκεμβρίου 2009 - 20:19

Electrabel Polska, a unit of French energy company GDF Suez SA (GSZ.FR), is to build a gas-fired power station in Poland, which is striving to reduce its reliance on coal, authorities said Tuesday.

UN Chief Urges World Leaders To Find Climate Compromise

Δευ, 14 Δεκεμβρίου 2009 - 18:47

Warning that time is running out, United Nations chief Ban Ki-moon appealed to world leaders Monday to redouble efforts to secure a compromise deal on climate change in Copenhagen late this week.

EU Doesn't Recognize Abkhazia Election

Δευ, 14 Δεκεμβρίου 2009 - 18:27

The European Union does not recognize the presidential election in the breakaway region of Abkhazia and continues to back Georgia's territorial integrity, the Swedish E.U. presidency said Monday.

Iraq Ends Successful Oil Bid Round, Output Seen Tripled

Δευ, 14 Δεκεμβρίου 2009 - 18:25

Iraq has taken an important step to revive its struggling oil industry, battered by years of war and sanctions, by awarding some of its attractive oil fields to international companies that pledged to triple the country's oil output.

Russian 2009 Gas Output Seen At 575 Bln Cubic Meters

Δευ, 14 Δεκεμβρίου 2009 - 18:15

Russian gas production for all of 2009 may total 575 billion cubic meters, Interfax reported, citing Deputy Prime Minister Igor Sechin.

Russia Defuses Two Bombs On Caucasus Gas Pipeline

Δευ, 14 Δεκεμβρίου 2009 - 18:12

Russian security services defused two explosive devices on a gas pipeline Monday after an incident that disrupted supplies to the Caucasus region, officials said.

Gazprom Sees '10 Europe Gas Price At $325/1,000 Cubic Meters

Δευ, 14 Δεκεμβρίου 2009 - 18:10

Russian gas firm OAO Gazprom (GAZP.RS) expects next year's average gas selling price in Europe to be around $325 per 1,000 cubic meters, the Renaissance Capital brokerage said Monday citing Gazprom's Deputy Chief Executive Alexander Medvedev at a lunch meeting.

China Min: Shocked At US Saying Won't Fund China Climate Fight

Παρ, 11 Δεκεμβρίου 2009 - 19:43

Chinese Vice Foreign Minister He Yafei said he is "shocked" about remarks by the U.S. climate envoy Todd Stern that the U.S. wouldn't provide money to help China face the challenges of climate change.

Suez Environment CEO Eyes Reachable Climate Deal

Παρ, 11 Δεκεμβρίου 2009 - 19:43

An agreement to limit carbon emissions the international community is working towards at a climate summit in Copenhagen must be "reachable" and "reasonably possible," the chief executive officer of French utility Suez Environnement (SEV.FR) said Friday.

Ukraine Asks For 2 Billion Dollar Loan From IMF; Warns of Unrest

Παρ, 11 Δεκεμβρίου 2009 - 19:28

Ukraine has asked the International Monetary Fund to release a $2 billion loan to help it pay for Russian natural gas, external obligations and budget spending. Meeting payments in the next three months will be "extremely difficult" without the IMF funding, Deputy Prime Minister Hryhoriy Nemyria said.

Spanish Cabinet Approves CO2 Storage Law Proposal – Ministries

Παρ, 11 Δεκεμβρίου 2009 - 19:27

Spain's cabinet Friday has approved a law proposal to regulate carbon dioxide storage in the country, the industry and the environment ministries said in a joint statement.

EU Rejects Polish, Estonian CO2 Emission Plans

Παρ, 11 Δεκεμβρίου 2009 - 19:26

The European Commission Friday rejected CO2 emissions quotas submitted by Poland and Estonia for a second time. The two countries took court action after the commission rejected the first plans they put forward for 2008-12 and imposed significantly lower caps on their greenhouse gas emissions.