English Edition

EU Mulls Plan To Harness Solar Power From Sahara

Τετ, 23 Ιουλίου 2008 - 11:43

The European Union is considering an audacious plan to cut Europe's carbon emissions by harnessing the power of the desert sun in the Sahara, The Guardian reports Wednesday.

Iran Pres Vows No Concessions In Nuclear Crisis

Τετ, 23 Ιουλίου 2008 - 11:41

President Mahmoud Ahmadinejad on Wednesday vowed that Iran wouldn't step back "an inch" in the crisis with world powers over its nuclear drive, in a speech broadcast on state television.

Petroceltic Intl Prequalifies For Algerian Licencing Round

Τετ, 23 Ιουλίου 2008 - 11:40

Petroceltic International announced Wednesday that it has received confirmation from Algeria's National Agency for the Valorisation of Hydrocarbons, ("ALNAFT") that it has prequalified for the upcoming Algerian oil and gas exploration licencing round as an Operator and Investor for onshore licences.

EDF EN Gets Building Permits For Solar Power Plants On Reunion Island

Τετ, 23 Ιουλίου 2008 - 11:39

EDF Energies Nouvelles (EEN.FR) said Wednesday it has been awarded building permits for two photovoltaic power plants with a total of 15.3 MWp in capacity in Sainte- Rose, Reunion.

IMF Predicts Global Imbalance Will Continue

Τετ, 23 Ιουλίου 2008 - 11:38

The dollar's decline won't be a quick fix for the persistent global imbalances in which the U.S. runs huge trade deficits while China and other nations run surpluses, a top official from the International Monetary Fund said.

UAE Dolphin Awards Gas Pipeline To Russia's Stroytransgaz

Τρι, 22 Ιουλίου 2008 - 12:12

The Abu Dhabi-based Dolphin Energy Ltd. said Tuesday it has awarded Russia's Stroytransgaz PJSC a $418 million contract to build the Taweelah-Fujairah natural gas pipeline that will feed a new power and desalination plant.

Russian Morskaya 1 Test Flows At 2,500 B/D

Τρι, 22 Ιουλίου 2008 - 12:08

Sweden's Lundin Petroleum AB (LUPE.SK) said Monday its Morskaya-1 exploration well in Russia's Lagansky block has tested at a flow rate of 2,500 barrels of oil a day.

Iran Says Discovers 525 Mln Barrel Oil Field

Τρι, 22 Ιουλίου 2008 - 12:05

Iran has announced the discovery of a new oil field with in-place reserves of around 525 million barrels, the English-language PressTV Web site reports, citing Oil Minister Gholam Hossein Nozari.

Iran Refinery Capacity To Reach 3.3M B/D By March 2012

Τρι, 22 Ιουλίου 2008 - 12:04

Iran's refinery production capacity will reach an estimated 3.3 million barrels a day by mid-March 2012, the Oil Ministry's Shana news agency reported Monday, citing a senior oil official.

Iran Oil Min:Sees No Need To Lower,Raise Output Before Winter

Τρι, 22 Ιουλίου 2008 - 12:02

Iranian oil minister Gholam Hossein Nozari on Tuesday said he believes the world oil market already has enough crude supply to last it into winter.

Gazprom Neft 1Q 2008 Net Pft Doubles On High Prices

Τρι, 22 Ιουλίου 2008 - 12:00

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian gas monopoly OAO Gazprom (GAZP.RS), Monday said its 2008 first-quarter net profit more than doubled on the year, pushed up by a favorable price environment and higher exposure to refining.

Rosneft Offers Gazprom Role In Developing Sakhalin Projects

Τρι, 22 Ιουλίου 2008 - 11:58

Russia's OAO Rosneft (ROSN.RS) has offered the country's state gas company OAO Rosneft(GAZP.RS) the opportunity to take part in the development of its projects on the Sakhalin Island in Russia's Far East, a Rosneft spokesman said Tuesday.

Suez Environnement Shares Open 21% Above IPO Reference Price

Τρι, 22 Ιουλίου 2008 - 11:56

Shares in French water and waste company Suez Environnement (SEV.FR) Tuesday opened 21% above its initial public offering reference price after having been briefly suspended earlier in the day.