English Edition

Saudi Aramco Inks Deals for Cogeneration Power Plants

Saudi Aramco Inks Deals for Cogeneration Power Plants

State-oil giant Saudi Arabian Oil Co., known as Saudi Aramco, has signed three new energy conversion agreements with a Japanese-Saudi consortium to build and operate cogeneration power plants in the kingdom, in a bid to become more energy efficient throughout its operations.

Greeces PPC Profit Jumps on Hydro Production

Greece's PPC Profit Jumps on Hydro Production

Greek state-controlled utility Public Power Corp. SA (PPC.AT) Thursday posted a sharp jump in first-half profit thanks in part to increased electricity production from its hydropower plants.

OMV Finds Gas, Condensate In Pakistan

OMV Finds Gas, Condensate In Pakistan

Austrian oil and gas company OMV AG (OMV.VI) said Thursday gas and condensate has been discovered in the Sofiya-2 exploration well in the Mehar exploration license in Pakistan.

Chevron Nigeria Withdraws From Olokola LNG Project

Chevron Nigeria Withdraws From Olokola LNG Project

Chevron Nigeria Ltd. has withdrawn from the Olokola liquefied natural gas project intended to exploit Nigeria's vast gas reserves after it failed to become operational.

Greeces Tender for Oil Exploration Concessions Expected in 2014

Greece's Tender for Oil Exploration Concessions Expected in 2014

The tender for the new rounds of oil exploration concessions off Crete and west of mainland Greece will be issued in the first half of 2014, Energy Minister Yiannis Maniatis told President Karolos Papoulias on Wednesday.

Saudis Offered Russia Secret Oil Deal Over Syria

Saudis Offered Russia Secret Oil Deal Over Syria

Saudi Arabia has secretly offered Russia a sweeping deal to control oil prices and safeguard Russia's gas contracts, if the Kremlin backs away from the Assad regime in Syria, the U.K. newspaper The Daily Telegraph reported Wednesday.

Iran Installing More Modern, Faster Centrifuges - IAEA

Iran Installing More Modern, Faster Centrifuges - IAEA

Iran has continued to install more modern centrifuges that could enable it to enrich uranium faster, a UN atomic watchdog report showed Wednesday, as long-stalled talks were due to resume.

Libyas Oil Output Tumbles as Armed Group Shuts Pipeline

Libya's Oil Output Tumbles as Armed Group Shuts Pipeline

Libya's oil production plunged Tuesday to its lowest level since 2011 after an armed group closed the country's largest western oilfields operated by Eni SpA and Repsol SA, deputy oil minister Omar Shakmak said.

Hyder Consulting Seeks Greek Engineers for Work in Doha, Qatar

Hyder Consulting Seeks Greek Engineers for Work in Doha, Qatar

Highly skilled engineers in Greece are being targeted by acclaimed multi-national design and engineering consultancy, Hyder Consulting, in a major recruitment drive for experienced site engineers to join its team in Doha, Qatar.

Increased Sales for Terna Energy in First Half of 2013

Increased Sales for Terna Energy in First Half of 2013

According to the financial statements of 30/06/2013, which were prepared in accordance with the International Financial Reporting Standards, the 1st half 2013 results of TERNA ENERGY S.A. are as follows:

Oil Futures Fall as Libya Resumes Exports From Brega Terminal

Oil Futures Fall as Libya Resumes Exports From Brega Terminal

Oil futures fell Monday as Libya resumed crude exports from a previously closed terminal, though traders continued to monitor the conflict in Syria for word of a potential military response by the U.S. and other Western nations.

Syria Will Defend Itself Against Any U.S.-Led Attack -Foreign Minister

Syria Will Defend Itself Against Any U.S.-Led Attack -Foreign Minister

Syria's Foreign Minister Walid al Moallem said Tuesday that his country will defend itself against any military attack led by the U.S. while challenging Western countries to provide evidence that his government used chemical weapons in a recent attack outside the capital Damascus.

Total Buys Chevrons Retail Fuel Network, Aviation Businesses in Egypt

Total Buys Chevron's Retail Fuel Network, Aviation Businesses in Egypt

Total SA (TOT) and Cairo-based Beltone Private Equity said Tuesday they have bought the Egyptian retail fuel stations and aviation businesses of Chevron Corp. (CVX), creating Total's largest marketing and services subsidiary outside of Europe.