English Edition

BASF: Renewable Surcharge Exemption Removal to Cost EUR400M

BASF: Renewable Surcharge Exemption Removal to Cost EUR400M

BASF AG (BAS.XE) expects to face 400 million euros ($535 million) in additional costs at its headquarters alone should the German government lift an exemption from renewable energy surcharges.

Statoil Makes New Oil Discovery in Norwegian Sea

Statoil Makes New Oil Discovery in Norwegian Sea

Norwegian oil and gas major Statoil ASA (STO) said Monday that together with its partners it has made an oil discovery in the Snilehorn prospect in the Norwegian Sea.

Iran, UN Nuclear Agency Reach Deal On Roadmap For Cooperation

Iran, UN Nuclear Agency Reach Deal On Roadmap For Cooperation

Iran and the United Nations nuclear watchdog Monday reached agreement on a "roadmap for cooperation" to resolve outstanding issues linked to Iran's controversial atomic drive, nuclear chief Ali Akbar Salehi said.

Offshore, Shipping and Cruise: Towards a New Era in Marine Technology

Offshore, Shipping and Cruise: Towards a New Era in Marine Technology

The Hellenic Institute of Marine Technology (H.I.M.T.) is an independent, non-profit organisation, established in 1972, playing since then an active role in Greek shipping. Its mission is to contribute to the advancement of maritime technology, by functioning as a platform of interaction among scientists, technologists, entrepreneurs and the regulators of the field.

Kashagan Giant Oil Field Wont Restart Output Before Next Year

Kashagan Giant Oil Field Won't Restart Output Before Next Year

Oil production at Kazakhstan's giant Kashagan field, halted since early October because of a dangerous gas leak, won't resume before next year, according to people with direct knowledge of the matter, casting a cloud over one of the world's biggest industrial projects.

Iran, West Race to Try to Seal Initial Nuclear Deal

Iran, West Race to Try to Seal Initial Nuclear Deal

Iran and world powers raced in an effort to seal an initial deal Friday to curb Iran's nuclear program in exchange for some easing of sanctions, with U.S. Secretary of State John Kerry and several European foreign ministers arriving in Geneva to narrow differences.

Novatek Planning Move Into Oil Industry

Novatek Planning Move Into Oil Industry

Privately-owned Russian natural gas company Novatek is moving into oil production in the latest sign of its rapid expansion, business newspaper Vedomosti reported Friday.

EDF Lowers FY Nuclear Output Target As Revenue Grows 6.9%

EDF Lowers FY Nuclear Output Target As Revenue Grows 6.9%

Electricité de France SA (EDF.FR) Thursday lowered its nuclear output target for the year but kept its financial objectives as it reported a 6.9% increase in revenue for the first nine months of the year, thanks to price hikes in the summer, the integration of Edison's sales and the colder weather than usual in the first half.

Romania OMV Petrom 3Q Net Profit Rises 47% to RON1.3B

Romania OMV Petrom 3Q Net Profit Rises 47% to RON1.3B

Romania's leading oil and gas company OMV Petrom (SNP.RO) Thursday reported a 47% rise in third-quarter net profit helped by higher oil prices and lower production costs, news agency Mediafax reports.

Ukraine to Submit Proposals to IMF to Cut Subsidies to Naftogaz

Ukraine to Submit Proposals to IMF to Cut Subsidies to Naftogaz

Ukraine is preparing to submit proposals to the International Monetary Fund to reduce subsidies to state gas company Naftogaz without raising tariffs for the population, Deputy Prime Minister Yuriy Boyko was quoted as saying on Thursday.