English Edition

Brent Crude Down Over 1% As Libya Disruption Wanes

Παρ, 1 Νοεμβρίου 2013 - 16:14

Brent crude oil fell over 1% in London trading Friday to hit 107.50 a barrel, as Libya resumed some production after disruptions.

IENE’s 2nd SE Europe Regional Upstream Workshop: Keynote Speech by Greece's Minister of Environment, Energy & Climate Change

Πεμ, 31 Οκτωβρίου 2013 - 17:59

Prof. John Maniatis, Greece’s Minister of Environment, Energy & Climate Change addressed today IENE’s 2nd SE Europe Regional Upstream Workshop on “Hydrocarbon Exploration and Production in the Adriatic, the Black Sea and the East Mediterranean” . Here follows Mr. Maniatis's speech at IENE's Workshop

Gazprom to Produce 60,000 B/D from Iraq's Badra Field in March -Iraq Minister

Πεμ, 31 Οκτωβρίου 2013 - 13:12

Russian state oil producer OAO Gazprom Neft (SIBN.RS) will start first production from Iraq's Badra oil field at 60,000 barrels a day in March, the country's oil minister said in a statement Thursday.

Romanian Nuclearelectrica Restarts Reactor After Shutdown Sunday

Πεμ, 31 Οκτωβρίου 2013 - 13:11

Romanian state-run nuclear power producer Nuclearelectrica late Wednesday restarted the first reactor at its plant in Cernavoda, which was stopped due to a command and control system malfunction four days ago, news agency Mediafax reported.

Shell Third-Quarter Profit Falls 31%

Πεμ, 31 Οκτωβρίου 2013 - 13:10

Royal Dutch Shell PLC (RDSA) Thursday reported a 31% decline in third-quarter profit, largely because of weak refining margins and increased exploration-and-production expenses.

Iran Says Nuclear Site Saboteurs Were Thieves

Τετ, 30 Οκτωβρίου 2013 - 18:43

Iranian Intelligence Minister Mahmoud Alavi said Wednesday that four people accused of sabotaging one of the country's sensitive nuclear sites were only thieves, Mehr news agency reported.

Ukraine to Sign Shale Gas Deal With Chevron - Minister

Τετ, 30 Οκτωβρίου 2013 - 18:42

Ukraine will sign a deal with Chevron Corp. (CVX) on Nov. 5 to develop shale gas in western Ukraine, a government minister said Wednesday, as the country attempts to cut its reliance on Russian gas.

Iran Not Hopeful of Exporting Gas to Pakistan - Minister

Τετ, 30 Οκτωβρίου 2013 - 18:42

Iranian Oil Minister Bijan Zanganeh said Wednesday he had no hope of exporting gas to Pakistan because there is no financing available to finish building a pipeline, state news agency IRNA reported.

Bulgaria’s Bulgartransgaz Extends Tender Deadline for 4.6 mln euro Gas Storage Project

Τετ, 30 Οκτωβρίου 2013 - 12:03

Bulgaria’s gas transmission system operator Bulgartransgaz has extended the deadline of a 9.0 million levs ($6.3 million/4.6 million euro) tender for the construction of an exploitation well for the country's Chiren underground gas storage, the company said.

IENE’s Upstream Workshop Attracts Some of the Region’s Top Experts

Τετ, 30 Οκτωβρίου 2013 - 08:24

IENE’s 2nd SE Europe Regional Upstream Workshop on “Hydrocarbon Exploration and Production in the Adriatic, the Black Sea and the East Mediterranean” will take place in Athens, on Thursday, October 31st and Firday, November 1st, 2013, and will be held under the auspices of Greece’s Ministry of Environment, Energy & Climate Change, which is in charge of the country’s hydrocarbon sector)

Saipem Net Profit Drops 60% as it Trims 2013 Revenue Target

Τρι, 29 Οκτωβρίου 2013 - 18:59

Saipem SpA (SPM.MI) Monday trimmed its 2013 revenue forecasts after it reported a 60% fall in net profit in the third quarter, adding to the sense of pessimism that has seen it shed almost half its value and issue two profit warnings this year.

BP's Third-Quarter Net Profit Drops 34%

Τρι, 29 Οκτωβρίου 2013 - 18:59

BP PLC (BP) Tuesday reported a 33.6% decline in third-quarter net profit, largely on lower refining margins.

Gazprom Raises 2013 Investment Plan to RUB1.03 Trillion

Τρι, 29 Οκτωβρίου 2013 - 18:59

Russia's gas monopoly Gazprom (GAZP.RS) has raised its 2013 investment plan to finance long-term projects as well as gas production and transportation, the company said Tuesday.