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Kuwait to Start Offshore 2D Seismic Surveys in Sept

Δευ, 16 Σεπτεμβρίου 2013 - 19:06

Kuwait will begin conducting the first survey of its offshore waters in decades this month, part of the Gulf state's plans to boost its hydrocarbon output, the exploration unit of state-owned Kuwait Petroleum Corp. said Sunday.

Repsol Hunts For Oil Deal In North America

Δευ, 16 Σεπτεμβρίου 2013 - 19:06

Spanish oil major Repsol SA is shopping for a North American oil company as it seeks to increase its investments in politically stable countries and the U.S. energy boom, according to people familiar with the talks.

China Plans to Boost Urban Infrastructure Construction

Δευ, 16 Σεπτεμβρίου 2013 - 19:05

China on Monday outlined plans to boost infrastructure construction by 2015 through transport and energy projects, as part of efforts to speed up urbanization and support economic growth.

Asian Oil Product Margins Weaken on Sluggish Demand

Δευ, 16 Σεπτεμβρίου 2013 - 19:05

Asian oil product margins narrowed through last week, dragging down refining margins in the region, as weak demand and healthy supply levels offset the impact of refinery outages.

Oil Futures Fall as Syria Agreement Reduces Chance of Military Strike

Δευ, 16 Σεπτεμβρίου 2013 - 19:04

Oil futures tumbled Monday after the U.S. and Russia over the weekend agreed to the framework of a deal for Syria to turn over its chemical weapons to international authorities, easing concerns of a potential strike against the country and supply disruptions in the Middle East.

Cyprus has a Vision to Become an Energy Hub

Δευ, 16 Σεπτεμβρίου 2013 - 12:56

Cyprus' Minister of Energy, Commerce, Industry and Tourism Mr Yiorgos Lakkotrypis visited New York on Thursday, September 12 where he had a series of contacts and meetings with organizations and companies dealing with energy issues, think tanks based in New York, officials of the state of New York, expatriate journalists and American media dealing with energy issues.

EPA Plan Seen Curbing New Coal-Fired Power Plants

Πεμ, 12 Σεπτεμβρίου 2013 - 14:18

The Obama administration plans to block the construction of new coal-fired power plants unless they are built with novel and expensive technology to capture greenhouse-gas emissions, according to people familiar with a draft proposal.

China to Cut Coal Consumption to 65% or Less of Energy Mix

Πεμ, 12 Σεπτεμβρίου 2013 - 14:18

China plans to reduce coal consumption to 65% or less of its total energy use by 2017, the central government said in a statement on its website Thursday.

Iraq Raises October Crude Prices to US, Asia, Cuts Europe - SOMO

Πεμ, 12 Σεπτεμβρίου 2013 - 14:18

Iraq has raised the official selling prices of its Basra Light and Kirkuk crude to customers in the U.S. and Asia and cut the prices for buyers in Europe, the State Oil Marketing Organization, or SOMO, said Thursday.

India in Talks to Secure Strategic Oil-Reserve Supplies

Πεμ, 12 Σεπτεμβρίου 2013 - 14:17

India is in talks with potential partners on supplying oil for its planned strategic petroleum reserve, the country's oil minister said Thursday.

US to Bypass Russia in Liquid Fuels Production in Third Quarter - IEA

Πεμ, 12 Σεπτεμβρίου 2013 - 14:17

The U.S. is set to bypass Russia in the production of liquid fuels such as crude and ethanol this quarter, a top energy watchdog said Thursday, as global demand for oil is picking up faster than expected.

Saudi Aramco, Total Joint Venture to Start Exports in September

Πεμ, 12 Σεπτεμβρίου 2013 - 14:16

Saudi Aramco Total Refining and Petrochemical Co., known as Satorp, said Thursday it has started operations at its 400,000 barrel-a-day refinery in Jubail in eastern Saudi Arabia and will export its first cargo this month.

Noble Energy's Production Test in Cyprus Block 12 has Started Successfully

Πεμ, 12 Σεπτεμβρίου 2013 - 10:15

In relation to the appraisal well drilling in Cyprus' Block 12 by the operating company Noble Energy International Ltd, the Ministry of Energy, Industry and Tourism announces that the production test (DST) has started successfully and the produced natural gas from the Aphrodite field is being flared.