English Edition

E.ON, RWE Down Amid Political Change

Δευ, 23 Σεπτεμβρίου 2013 - 18:20

Shares in German utilities E.ON (EOAN.XE) and RWE (RWE.XE) trade lower after the defeat of the Free Democrats in German election forces Chancellor Angela Merkel to look for a new coalition partner.

China Says Consumers Need to Bear Some Costs of Tighter Fuel Standards

Δευ, 23 Σεπτεμβρίου 2013 - 18:20

China on Monday said consumers will need to bear some of the costs of tighter fuel standards, opening the door to higher prices at fuel pumps as the nation balances growing public concern over the environment with worries about inflation.

Brazil's Libra Auction Bidding Unlikely to be Heated

Δευ, 23 Σεπτεμβρίου 2013 - 18:19

UBS expects a maximum of two bidding groups to compete at Brazil's Oct 21 sale of the Libra oil field, one of the world's largest offshore discoveries. Just 11 companies registered for the sale, mostly Asian national oil companies.

Vestas Receives 60 MW US Order

Παρ, 20 Σεπτεμβρίου 2013 - 17:58

Danish wind turbine manufacturer Vestas Wind Systems A/S (VWS.KO) said Friday that it has received a firm and unconditional order for wind turbine equipment corresponding to an output of 60 MW from Renewable Energy Systems Americas Inc. in the U.S.

Iranian President's UN Speech in Focus for Oil

Παρ, 20 Σεπτεμβρίου 2013 - 17:58

Iran's President Hassan Rouhani will address the United Nations in New York next week, after a concerted campaign that hints of a return to dialogue over its contentious nuclear program. Matters are looking more promising, says VTB Capital's Andrey Kryuchenkov.

France To Cut Fossil Fuels By 30% By 2030 -Hollande

Παρ, 20 Σεπτεμβρίου 2013 - 17:57

France will reduce use of fossil fuels by 30% by 2030 as part of a strategy to halve overall energy use by 2050, President Francois Hollande announced on Friday.

Lithuania President Doesn't Expect Deal for Cheaper Russian Gas

Παρ, 20 Σεπτεμβρίου 2013 - 17:57

Lithuania's president Friday said she did not expect her country to secure cheaper gas from its sole supplier, Russia's OAO Gazprom (GAZP.RS), as negotiations have stalled.

EU To Publish Results Of Gazprom Pricing Probe By Spring -- Commissioner

Πεμ, 19 Σεπτεμβρίου 2013 - 18:51

The European Union expects to publish the results of its investigation into OAO Gazprom's (GAZP.RS) pricing and contract policy by "spring next year," EU energy chief Guenther Oettinger said Thursday.

Brazil's ANP: Exxon Mobil, BP, BG Out of Pre-Salt Oil Auction

Πεμ, 19 Σεπτεμβρίου 2013 - 18:49

Oil majors Exxon Mobil (XOM), BP Plc (BP) and BG Group (BG.LN) won't bid in Brazil's sale of one of the world's largest offshore oil discoveries, the director of Brazil's National Petroleum Agency said Thursday.

BP-Led Shah Deniz Group Inks Deals to Sell Azeri Gas Direct to Europe

Πεμ, 19 Σεπτεμβρίου 2013 - 18:49

The BP-led consortium developing the giant Shah Deniz natural gas field in Azerbaijan's Caspian Sea said Thursday it has clinched deals valued at more than $100 billion to sell gas from the project direct into Europe.

Saudi Crude Output, Exports Rise in July Vs June

Τετ, 18 Σεπτεμβρίου 2013 - 19:16

Oil production in Saudi Arabia, the world's largest exporter of crude, jumped to 10.034 million barrels a day in July, compared with 9.642 million barrels a day a month earlier, while exports rose 2.1% during the same period, official data showed Wednesday.

EU Opens Probe into Water Concession Deal for Portugal's EDP

Τετ, 18 Σεπτεμβρίου 2013 - 19:16

European Union authorities are opening a probe into the 2007 concession to Portuguese utility EDP Energias de Portugal S.A. (EDP.LB) of public water resources, saying the price paid may not have been "adequate."

BP and CNPC Gets $4.5 Billion Payment for Investment in Iraq Field

Τετ, 18 Σεπτεμβρίου 2013 - 19:15

Oil Major BP PLC (BP) and partner China National Petroleum Corp., or CNPC received a total of $4.5 billion until the end of 2012 for their investments in the supergiant Rumaila oil field in southern Iraq, a senior Iraqi oil official has said.