English Edition

ΒP Prepares For Long Fight In Civil Oil Spill Trial -CEO

Τρι, 30 Ιουλίου 2013 - 18:42

BP PLC (BP.LN) is less likely to negotiate a settlement in a civil trial to determine environmental fines for the 2010 Gulf of Mexico oil spill, in the wake of spiraling costs from a separate deal clinched last year to compensate businesses for losses stemming from the disaster, the company's chief executive said Tuesday. "It's highly unlikely we are now going to enter into some sort of detailed settlement discussions. Unfortunately, some of the circumstances that are happening today suggest that it may be in the best interests of our shareholders now to play it long," said BP CEO Bob Dudley at a press conference

Russia Anti-Monopoly Service OKs Rosneft Acquisition of Alrosa Gas Assets

Τρι, 30 Ιουλίου 2013 - 18:40

Russia's federal anti-monopoly service has approved state oil giant OAO Rosneft's (ROSN.RS) acquisition of diamond miner Alrosa Co Ltd.'s (ROSA.RS) gas assets, Russian news agencies reported Tuesday. Rosneft, the world's largest listed crude-oil producer, has said it is aiming to increase gas production and recently bought out its partner in gas company Itera Oil and Gas

EDF Ups Performance Targets As 1H Earnings Boosted By Weather

Τρι, 30 Ιουλίου 2013 - 18:23

French state-controlled power group Electricite de France SA (EDF.FR) Tuesday raised its performance target for the year and reiterated its full-year financial guidance as it posted a 3.8% increase in recurring net profit to EUR3.07 billion from EUR2.96 billion a year earlier, thanks to favorable weather conditions mostly

BP, SOCAR, Total and Fluxys Join the TAP Project

Τρι, 30 Ιουλίου 2013 - 13:15

The Trans Adriatic Pipeline AG (TAP) today announced that BP, SOCAR and Total - members of the international consortium developing the giant Shah Deniz field in Azerbaijan - have exercised their option to join the Trans Adriatic Pipeline AG

OPEC's Oil Exports Revenue Breaks New Record But Split Deepens

Δευ, 29 Ιουλίου 2013 - 19:19

Revenue from petroleum exports in the Organization of the Petroleum Exporting Countries broke a new record in 2012 but the earnings of some members are declining amid higher budgetary needs, underscoring a deepening rift between producers benefiting from higher oil prices and those who don't

Athabasca Awaits Regulator's Decision on Oil Sands Sale

Δευ, 29 Ιουλίου 2013 - 19:10

Athabasca Oil Corp. (ATHOF, ATH.T) investors are focused this week on a crucial regulatory decision for the company's Dover oil sands project that would trigger a sale of its interest and generate C$1.3 billion ($1.26 billion)--proceeds needed to fund other operations

Shell Touts Floating LNG as It Seeks Share of Mozambique Gas Riches

Δευ, 29 Ιουλίου 2013 - 19:07

Royal Dutch Shell PLC (RDSA, RDSB) is pitching its floating liquefied natural gas technology direct to the government of Mozambique as a way to gain entry to one of the world's hottest energy plays, after the oil major failed to buy its way into huge gas discoveries off the shore of East Africa

Shale Threatens Saudi Economy, Warns Prince Alwaleed

Δευ, 29 Ιουλίου 2013 - 19:00

Saudi billionaire Prince Alwaleed bin Talal has warned that the kingdom's oil-dependent economy is increasingly vulnerable to rising U.S. energy production, breaking ranks with oil officials in Riyadh who have downplayed its impact. In an open letter dated May 13 addressed to Saudi Oil Minister Ali al-Naimi and several other ministers, which was published Sunday on Prince Alwaleed's Twitter account, he warned that the boom in U.S. shale oil and gas will reduce demand for crude from members of the Organization of the Petroleum Exporting Countries

EnBW First-Half Earnings Fall, Confirms Outlook

Παρ, 26 Ιουλίου 2013 - 17:36

German utility EnBW AG (EBK.XE) said Friday its earnings fell in the first half due to difficult conditions on the electricity and gas markets, as well as extraordinary charges.

Shell Touts Floating LNG As It Seeks Share of Mozambique Gas Riches

Παρ, 26 Ιουλίου 2013 - 17:35

Royal Dutch Shell PLC (RDSB.LN) is pitching its floating liquefied natural gas technology direct to the government of Mozambique as way to gain entry to one of the world's hottest energy plays, after the oil major failed to buy its way into huge gas discoveries offshore East Africa.

Joint Opinion of the Energy Regulators on TAP AG's Exemption Application

Παρ, 26 Ιουλίου 2013 - 12:13

The three National Regulatory Authorities of Italy, Greece and Albania, are publishing today the public version of their joint opinion on the exemption of the Trans Adriatic Pipeline (TAP AG) from third party access rules and other provisions of the Third energy package.

Petroleum Geo-Services Profit Sharply Higher But Cuts Guidance

Πεμ, 25 Ιουλίου 2013 - 18:48

Norwegian oil industry service company Petroleum Geo-Services ASA (PGS.OS) Thursday posted a sharply higher second-quarter net profit as it saw strong interest in its library of seismic data, but it cut its full-year Ebitda guidance expecting lower pre-funding revenues due to higher competition in the North Sea in particular.

Gazprom Neft, Total Form JV to Produce Modified Bitumen