1. English Edition

English Edition

Germanys Merkel Links Mideast, Iranian Nuclear Issue

Germany's Merkel Links Mideast, Iranian Nuclear Issue

Τετ, 6 Μαΐου 2009 - 17:34

German Chancellor Angela Merkel said Wednesday that progress in the Middle East peace process would boost the chances of the West ending its standoff with Iran over its disputed nuclear program.

Total CFO: Co Continues To Review Acquisition Opportunities

Total CFO: Co Continues To Review Acquisition Opportunities

Τετ, 6 Μαΐου 2009 - 17:33

Oil major Total SA (TOT) continues to review acquisition opportunities but won't consider buying units if sellers persist in assuming a high oil price scenario, Chief Financial Officer Patrick de la Chevardiere said Thursday.

Eni Gets Operatorship In Barents Sea New Exploration Licenses

Eni Gets Operatorship In Barents Sea New Exploration Licenses

Τρι, 5 Μαΐου 2009 - 19:20

Eni SpA (E), Italy's biggest energy company by market value, said Tuesday it got the operatorship and participating interests in two exploration licenses offshore Norway, as it strengthens its presence in the hydrocarbon-rich Scandinavian country.

Romanian Romgaz 1Q Net Pft RON208.6M, Dn 31% On Yr

Romanian Romgaz 1Q Net Pft RON208.6M, Dn 31% On Yr

Τρι, 5 Μαΐου 2009 - 19:19

Romania's largest gas producer Romgaz Medias reported in a 31% fall in first-quarter net profit to 208.6 million lei ($66 million), news agency Mediafax reports the company as saying Tuesday.

Abu Dhabi To Start Oil Pipe Bypassing Horumuz In 2011

Abu Dhabi To Start Oil Pipe Bypassing Horumuz In 2011

Τρι, 5 Μαΐου 2009 - 19:15

Abu Dhabi's International Petroleum Investment Co., or IPIC, will start pumping oil through a new pipeline that will avoid the narrow Strait of Hormuz in 2011, a senior company official said Wednesday.

Petrobras, Turkish Petroleum Sign Pact To Operate In Black Sea

Petrobras, Turkish Petroleum Sign Pact To Operate In Black Sea

Τρι, 5 Μαΐου 2009 - 19:12

Brazil's state-run oil firm Petroleo Brasileiro (PBR), or Petrobras, has signed an accord with counterpart Turkish Petroleum Corporation to operate an oil-drilling platform in the Black Sea, Petrobras said Monday.

Russias Slippery Oil Boost

Russia's Slippery Oil Boost

Τρι, 5 Μαΐου 2009 - 19:11

After months of struggling, Russia says its crude production rose nearly 1% in April. If sustained, that could bode well for global oil supplies in the event demand ever recovers. But take the latest data with a grain of salt.

Greek Economy to Shrink in 2009

Greek Economy to Shrink in 2009

Τρι, 5 Μαΐου 2009 - 14:53

European Economic and Monetary Affairs Commissioner Joaquin Almunia presents the spring economic forecast in Brussels yesterday, which includes a grimmer outlook for the domestic economy. The European Commission expects Greece’s economy to tip into recession this year, for the first time in more than 15 years, due to the ongoing crisis and prevailing uncertainty.

Turkish PM To Meet Azerbaijani, Russian Leaders

Turkish PM To Meet Azerbaijani, Russian Leaders

Δευ, 4 Μαΐου 2009 - 18:21

Turkish Prime Minister Recep Tayyip Erdogan will meet with leaders of Azerbaijan and Russia this month as efforts to resolve long-standing regional conflicts intensify, a government official said Monday.

Ukraine Pres Tentatively Backs EU Partnership

Ukraine Pres Tentatively Backs EU Partnership

Δευ, 4 Μαΐου 2009 - 18:20

Ukraine's President Viktor Yushchenko expressed guarded support for a European Union bid to improve ties with his country and five others in eastern Europe, in an interview with European media published Monday.

Russia April Oil Output Up 0.5% On Mo To 9.85 Mln B/D

Russia April Oil Output Up 0.5% On Mo To 9.85 Mln B/D

Δευ, 4 Μαΐου 2009 - 18:18

Russia produced an average of 9.85 million barrels a day of crude oil and condensate in April, up 0.5% from March, the Interfax news agency reported Monday, citing Ministry of Industry and Energy statistics. The country produced 40.32 million metric tons of oil in April, Interfax reported, citing data from the TsDU-TEK department of the Industry and Energy Ministry.

Russia Plans Floating Nuclear Plants In Arctic

Russia Plans Floating Nuclear Plants In Arctic

Δευ, 4 Μαΐου 2009 - 18:16

Russia is planning to build a fleet of floating nuclear power stations in the arctic in order to enable the tapping of oil and gas reserves, sparking concern among environmentalists, The Observer newspaper reports Sunday.