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Libya Issues Raise Concern Over Stable Oil Output -Barclays -- Market Talk

Παρ, 11 Οκτωβρίου 2013 - 18:37

The brief abduction of Libyan Prime Minister Ali Zeidan complicates further the resumption of the country's oil output and increases the likelihood of future production relapses affecting 2014 oil-market balances, Barclays says in a note.

Eni CEO Says Needs to See Alitalia Reassurances to Supply Fuel

Παρ, 11 Οκτωβρίου 2013 - 18:37

Eni SpA (E) will stop supplying fuel to Alitalia SpA after this weekend unless it is satisfied the unprofitable Italian airline can continue to operate, said the oil company's Chief Executive Paolo Scaroni Friday.

France Constitutional Court Confirms Shale Fracking Ban

Παρ, 11 Οκτωβρίου 2013 - 18:36

France's constitutional court Friday ruled that a law banning hydraulic fracturing to extract shale gas was in line with the country's constitutional law, after a legal challenge by Texan energy company Schuepbach Energy LLC.

Trina Solar Says Energy Conversion Suit is Baseless

Παρ, 11 Οκτωβρίου 2013 - 18:36

Trina Solar Ltd. (TSL) said a lawsuit recently filed by failed solar-panel manufacturer Energy Conversion Devices over an alleged scheme to dump low-cost solar panels in the U.S. is "without merit" and the company will defend itself against the complaint's "baseless" allegations.

Energy Bosses Call for End to Subsidies for Wind, Solar Power

Παρ, 11 Οκτωβρίου 2013 - 18:35

The chief executives of 10 energy companies accounting for half of Europe's electricity production capacity issued a joint call Friday to end subsidies to wind and solar power, saying the mechanisms have led to whopping bills for households and businesses and could cause continent-wide blackouts.

EBRD in Talks to Co-Fund Bulgaria-Greece Gas Link

Παρ, 11 Οκτωβρίου 2013 - 12:33

The European Bank for Reconstruction and Development (EBRD) said on Thursday it is in co-funding talks with the stakeholders in the project for a gas link between Bulgaria and Greece.

Chevron: 3rd-Quarter Production on Pace to Climb From Last Year

Πεμ, 10 Οκτωβρίου 2013 - 18:52

Chevron Corp. (CVX) said that its third-quarter global oil and gas production are expected to rise slightly from the year-ago quarter, though downstream earnings are expected to be "significantly lower."

Shell Shuts Trans-Niger Pipeline in Nigeria Because of Leaks

Πεμ, 10 Οκτωβρίου 2013 - 18:52

Royal Dutch Shell PLC's (RDSA) Nigerian unit Thursday said it has shut the Trans-Niger Pipeline, or TNP, following reports of new leaks, barely 10 days after the repair of punctures in the pipeline caused by thieves syphoning off crude oil.

Iraq Raises Nov Basra Crude Prices to US, Asia; Cuts Europe -SOMO

Πεμ, 10 Οκτωβρίου 2013 - 18:52

Iraq has raised the official selling prices of its Basra Light crude to customers in the U.S. and Asia and cut the prices for buyers in Europe, the State Oil Marketing Organization, or SOMO, said Thursday.

OPEC Warns of Slowing Asian Oil Product Demand

Πεμ, 10 Οκτωβρίου 2013 - 18:51

The Organization of Petroleum Exporting Countries Thursday warned of signs that demand for oil products in Asia, one of the major drivers of the market in recent years, are slowing.

Vestas Sells Machining, Casting Units to VTC

Τετ, 9 Οκτωβρίου 2013 - 18:50

Vestas Wind Systems A/S (VWS.KO) Wednesday confirmed the sale of its machining and casting units, concluding previously announced talks, as the Danish wind turbine manufacturer aims to focus on its core businesses and on lowering costs.

EU On Track For Climate Targets

Τετ, 9 Οκτωβρίου 2013 - 18:49

The European Union is on track to meet its 2020 targets for reducing carbon emissions and switching to cleaner energy sources, its environmental watchdog said on Wednesday.

E.On Signs Liquefied Natural Gas Contract with Qatargas

Τετ, 9 Οκτωβρίου 2013 - 18:49

German utility E.ON SE (EOAN.XE) said Wednesday it has signed a contract with Qatargas for the supply of liquefied natural gas.