English Edition

Cameroon's 2013 Crude Oil Exports Up Over 11% -SNH

Δευ, 6 Ιανουαρίου 2014 - 13:35

Though a small crude oil producer, Cameroon saw its crude oil exports rise in 2013, according to a statement issued Monday by the state-run National Hydrocarbons Corporation, or SNH.

Romania Awards Lukoil Energy & Gas Permit to Build Solar Park

Δευ, 6 Ιανουαρίου 2014 - 10:26

The Romanian energy regulator, ANRE, has awarded Lukoil Energy&Gas Romania a permit to build a solar park in the country, Bucharest-based media reported.

Bulgaria's Lukoil Neftochim Burgas Received a Credit Line of EUR 420 million

Δευ, 6 Ιανουαρίου 2014 - 09:43

The largest company in Bulgaria in terms of income - Lukoil Neftochim Burgas - received a credit line at the amount of EUR 420 million (USD 576 million) from several European banks, the Italian Export Credit Agency (SACE) announced.

Turkey Adds 6,986 MW of Power Capacity in 2013

Παρ, 3 Ιανουαρίου 2014 - 18:54

As many as 222 power plants with a combined capacity of 6,986 megawatts (MW) were installed in Turkey in 2013, data from the country's energy ministry showed

Lukoil's Bulgarian Refinery Gets 420 mln Euro Loan for Upgrades

Παρ, 3 Ιανουαρίου 2014 - 18:53

Bulgarian oil refinery Lukoil Neftochim Burgas, a subsidiary of Russian oil company Lukoil, has received a 420 million euro ($576 million) credit line from several European banks to finance upgrades, Italy's export credit agency said on Thursday

Talks Don't Halt South Sudan Conflict

Παρ, 3 Ιανουαρίου 2014 - 18:49

South Sudan's warring parties began talks Friday with mediators in Ethiopia, as both sides ignored calls for a cease-fire. Negotiators met separately with representatives from the regional trade block, known as the Inter-Governmental Authority on Development, or IGAD in Addis Ababa. These preliminary talks aim to narrow differences that have led to clashes killing more than 1,000 people and displacing nearly 200,000

Oil Futures Weaken on Expectations of High Supply

Παρ, 3 Ιανουαρίου 2014 - 18:47

Oil futures edged lower Friday on expectations that booming U.S. production would lead to a buildup in supplies this month. Light, sweet crude for February delivery fell 14 cents, or 0.1%, to $95.30 a barrel on the New York Mercantile Exchange. Brent crude on ICE Futures Europe recently traded up 9 cents, or 0.1%, at $107.87 a barrel

RWE CEO Wants Permission to Raise Capital If Needed

Πεμ, 2 Ιανουαρίου 2014 - 18:50

RWE AG (RWE.XE) Chief Executive Peter Terium is seeking permission from shareholders to raise capital by up to 10%, should the need arise, the daily Handelsblatt reports Thursday, citing persons close to the supervisory board. He is likely to meet with resistance from within the ranks of shareholders, the article states

Oil Exports Loom Large

Πεμ, 2 Ιανουαρίου 2014 - 18:22

The U.S. virtually banned the export of crude oil in the wake of the mid-1970s energy crisis. But as America pumps more crude, 2014 could be the year those constraints are lifted. For decades, even discussing the possibility of exporting domestic oil was a nonstarter in Washington. Now, surging U.S. production has led to the beginning of a glut along the Gulf Coast, home to the largest refinery complex in the world. Too much crude is driving down prices, making producers eager to export oil to places like Europe where prices are higher

Royal Dutch Shell Completes Repsol LNG Portfolio Deal on New Terms

Πεμ, 2 Ιανουαρίου 2014 - 18:16

Oil major Royal Dutch Shell PLC (RDSB.LN) said Thursday it has completed the acquisition of Repsol S.A.'s (REP.MC) liquefied natural gas portfolio outside North America for $3.8 billion net, slightly lower than the $4.4 billion originally agreed last February

Russia's 2013 Oil Output Hits Post-Soviet High

Πεμ, 2 Ιανουαρίου 2014 - 18:09

World energy power Russia said on Thursday that its oil output hit a post-Soviet high in 2013 while natural gas production at its vast Gazprom OAO (OGZPY) holding slipped for the second straight year. The mixed figures--highlighted by yet another dip in oil exports outside ex-Soviet territories--point to lingering problems in a sector that accounts for about half of Russia's budget revenues

Natural Gas Skids But Still Set to Finish 2013 Strong

Τρι, 31 Δεκεμβρίου 2013 - 17:02

Natural-gas prices have climbed from less than $3.50/mmBtu in early November, as continued cold weather has led to robust heating demand. About half of all U.S. households use natural gas as their primary heating source, according to the U.S. Energy Information Administration. Natural-gas prices are up almost 30% year-to-date. The commodity is set to end the year with the biggest gains among the 22 commodities in the Dow Jones-UBS Commodity Index, which is down 9.3% for the year

Libya Makes New Gas Discovery

Τρι, 31 Δεκεμβρίου 2013 - 16:59

Libya, holder of Africa's fourth-largest proven gas reserves, has made a new gas find southwest of Tripoli amid efforts to boost the country's hydrocarbon output, state-run National Oil Corp. said Tuesday