English Edition

Rosneft Third-quarter Earnings Boosted By TNK-BP Revaluation

Τρι, 29 Οκτωβρίου 2013 - 18:58

Russian state oil giant OAO Rosneft (ROSN.RS) said Tuesday its third-quarter net profit was 280 billion rubles ($8.8 billion), more than half of which came from a revaluation of assets from the TNK-BP oil company it bought earlier this year.

Earnings of Sinopec, PetroChina Benefit From China Oil-Pricing Change

Τρι, 29 Οκτωβρίου 2013 - 18:58

China's two largest oil companies reported strong third-quarter results, with earnings from their refining operations boosted by changes to the domestic oil-pricing system introduced by the government in March.

Libya Oil Output Falls Below 300,000 B/D

Τρι, 29 Οκτωβρίου 2013 - 18:57

Libya's crude oil production has fallen below 300,000 barrels a day after disgruntled tribesmen forced the largest oil field in western Libya to halt production, state-owned National Oil Corp. said Tuesday.

Norway Oil Fund Returns 5% on Investments in Third Quarter

Παρ, 25 Οκτωβρίου 2013 - 18:33

Norway's oil fund registered a 5% return on its investments in the third quarter on continued economic recovery in developed markets and stronger economic activity in China.

Mongolian Prime Minister: Mongolia, China Agree to Oil Exploration Deal

Παρ, 25 Οκτωβρίου 2013 - 18:33

Mongolia has agreed to an oil-exploration deal with China's largest energy producer, Mongolia's prime minister said Friday.

Bid for Suntech Assets Passes Regulatory Hurdle in China

Παρ, 25 Οκτωβρίου 2013 - 18:33

The main assets of what was once China's largest solar-panel maker are poised to be scooped up by a much smaller peer.

Iraq, Turkey Vow To Open New Chapter in Relations

Παρ, 25 Οκτωβρίου 2013 - 18:32

Iraq and Turkey on Friday vowed to improve relations between the two countries which have been marred in recent years by a series of disputes.

Brazil Petrobras Crude Oil Production Rises 3.7% in September

Παρ, 25 Οκτωβρίου 2013 - 18:32

Brazilian state-run energy company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said Friday that domestic crude oil output rose for a second-consecutive month in September as new wells were connected and maintenance work at offshore platforms ended.

Ineos, Union Reach Deal to Save UK Petrochemical Plant

Παρ, 25 Οκτωβρίου 2013 - 18:32

Ineos Group Holdings Ltd. Friday reached an agreement with union members to keep open its petrochemicals plant at Grangemouth, Scotland, in a dramatic U-turn on the fate of the Scottish site.

Serbian Energy Min Says Unreformed Srbijagas Slowing Down Project for Gas Link with Bulgaria

Παρ, 25 Οκτωβρίου 2013 - 14:15

The lack of reforms at Serbian state-owned gas monopoly Srbijagas is slowing down the project for the construction of a gas interconnector to Bulgaria, Serbian energy minister Zorana Mihajlovic said.

Ministerial Council Takes Decisive Steps on the Future of the Energy Community and Adopts List of Projects of Energy Community Interest

Παρ, 25 Οκτωβρίου 2013 - 13:35

In the annual Ministerial Council meeting which took place in Belgrade, on Thursday, October 24, a list of 35 “Projects of Energy Community Interest” (PECIs) was adopted. Fourteen electricity generation, nine electricity infrastructure, ten gas infrastructure and two oil infrastructure projects were selected due to their importance for the development of cross-border energy markets in the region

53 Companies and Business and Investor Associations Call for ETS Reform Legislation

Παρ, 25 Οκτωβρίου 2013 - 13:07

EURELECTRIC, together with 51 European companies and business and investor associations, has called on the European Commission to bring forward by the end of the year draft legislation for a structural reform of the EU Emissions Trading Scheme (ETS). A clear carbon price signal and long-term visibility are essential to drive investments and growth, they said in an open letter to European Commission President Barroso, published today.