English Edition

Iran's Bank Mellat Seeks GBP500M in U.K. Damages After Sanctions Ruling

Δευ, 19 Αυγούστου 2013 - 15:41

Iran's Bank Mellat is claiming GBP500 million ($782 million) from the U.K. Treasury after a London court ruled against a British decision to sanction the bank, a defense lawyer said Sunday.

OMV Buys Oil and Gas Field Assets from Statoil for $2.65 Billion

Δευ, 19 Αυγούστου 2013 - 15:41

Austrian oil and gas company OMV AG (OMV.VI) Monday said it has agreed to buy stakes in oil and gas fields in Norway and the U.K. from Norway's Statoil ASA (STL.OS) for $2.65 billion.

Yemen Qualifies 18 Foreign Oil Firms to Bid for 20 Blocks

Δευ, 19 Αυγούστου 2013 - 15:40

Yemen's oil ministry has qualified 18 international oil companies, including France's Total SA (TOT) and Norway's DNO International ASA (DNO.OS), to bid for 20 onshore and offshore blocks in its sixth auction aimed at boosting the country's hydrocarbon output through foreign investments.

Egypt Closes Rafah Crossing After Sinai Attack - Border Official

Δευ, 19 Αυγούστου 2013 - 15:40

Egypt closed its Rafah border crossing in Sinai with the Palestinian Gaza Strip on Monday after a deadly attack nearby that killed 24 policeman, a border official told AFP.

Statoil Makes Gas/Condensate Discovery in Norwegian Sea

Δευ, 19 Αυγούστου 2013 - 15:39

Norwegian oil and gas major Statoil ASA (STO) said Monday that together with its partners it has made a gas/condensate discovery in the Smorbukk North prospect at Haltenbanken in the Norwegian Sea.

Bulgaria Maritsa Iztok Mines to Remain State Owned and No Staff Cuts

Δευ, 19 Αυγούστου 2013 - 09:20

Mr Dragomir Stoynev, Bulgaria's Economy and Energy Minister, Maritsa Iztok Mines will remain a state owned company and there will be no staff cuts.

Greece Privatisation Boss Stelios Stavridis Dismissed

Δευ, 19 Αυγούστου 2013 - 09:03

Finance Minister Yannis Stournaras called for Stelios Stavridis to resign following a report that he had travelled on a plane belonging to a businessman who bought gambling firm Opap from the state.

OPEC Oil Shipments to Fall 190,000 B/D in 4 Weeks to Aug 31

Παρ, 16 Αυγούστου 2013 - 15:54

Seaborne oil shipments from the Organization of the Petroleum Exporting Countries will fall by 190,000 barrels a day in the four weeks to Aug. 31, compared with the previous four-week period, U.K.-based tanker tracker Oil Movements said Thursday.

Egypt Turmoil Fuels Asset Sales, Rise in Oil Prices

Παρ, 16 Αυγούστου 2013 - 15:54

Egyptian assets sold off and oil prices rose Thursday after violence escalated in Cairo and political turmoil gripped the country.

Chinese Exchanges Launch Oil Product Trading Platforms -Xinhua

Παρ, 16 Αυγούστου 2013 - 15:53

Petroleum exchanges in three Chinese provinces have launched electronic trading platforms for oil products and the Beijing Petroleum Exchange plans to launch its platform by end-November, Xinhua news agency said in its fortnightly oil report published late Thursday.

Ecuador to Drill for Oil in National Park -President

Παρ, 16 Αυγούστου 2013 - 15:53

"The world has failed" Equador and it will now start drilling for oil in the Tambococha-Tiputini area, President Rafael Correa said late on Thursday.

Libya Threatens to Bomb Ships Seeking to Load Black Market Oil

Παρ, 16 Αυγούστου 2013 - 15:52

Libya has accused striking guards who have seized oil export terminals of trying to make shipments for their own profit and threatened military action against any unauthorized vessel that docks.

Glencore Xstrata First Half Output Broadly Higher Across Commodities

Τετ, 14 Αυγούστου 2013 - 14:53

Commodities titan Glencore Xstrata PLC (GLEN.LN) Wednesday reported largely higher output across most of its commodities during the first half of this year.

Uganda Sees Its Firsts Oil Refinery on Stream by 2018

Τετ, 14 Αυγούστου 2013 - 14:53

The Ugandan government said Wednesday that the construction of its first oil refinery will come on stream by 2018 as the East African nation continues to develop its nascent oil sector, the energy and minerals ministry said Wednesday.

Norway Oil Output Rebounds in July, Highest since Last May

Τετ, 14 Αυγούστου 2013 - 14:53

Norway's crude oil output rose 6.4% on the year in July, and was the highest since May 2012, as several fields performed well, the Norwegian Petroleum Directorate said Wednesday.

RWE Raises Nuclear Provisions on Changed Atomic Waste Storage Law

Τετ, 14 Αυγούστου 2013 - 14:52

Utility RWE AG (RWE.XE) said Wednesday it increased provisions for its nuclear power business in the second quarter of 2013, reflecting a recent change to legislation in its German home market over the search and selection of a final storage facility for radioactive waste.