English Edition

Petronas 2Q Net Profit Falls 3.5% Despite Higher Sales Volume

Δευ, 26 Αυγούστου 2013 - 17:22

Malaysian state energy company Petroliam Nasional Bhd said Monday its net profit fell 3.5% in the second quarter from the same period a year earlier, as increased operating expenses eroded margins despite higher sales volume.

Lukoil Says Trained 170 Iraqis, to Train More Next Year

Δευ, 26 Αυγούστου 2013 - 17:22

Russia's second-largest oil producer OAO Lukoil (LKOH.RS) has completed the training of some 170 Iraqis on various qualifications, including well production, oil and gas treatment, instrumental and control and mechanical engineering, the company said Monday.

Snipers in Syria Fire on UN Chemical Inspectors -UN

Δευ, 26 Αυγούστου 2013 - 17:21

United Nations inspectors examining the site of a suspected chemical weapons attack were fired on by unknown snipers Monday afternoon, forcing the team to retreat and violating a ceasefire agreement by rebels and the Syrian government facilitating the team's work.

Shooting Near Libyan Port Spotlights Unrest in Oil Industry

Παρ, 23 Αυγούστου 2013 - 16:05

Shots fired at an oil tanker and accusations of attempted thefts at port facilities have deepened a crisis in Libya's oil industry, triggering fears among major Western oil companies that one of Europe's largest suppliers could soon descend into lawlessness.

Iranian Foreign Min: Possession Of Nuclear Bomb Would Threaten Iran

Παρ, 23 Αυγούστου 2013 - 16:04

The possession of a nuclear bomb would threaten Iran's security, the country's foreign minister, Mohammad Javad Zarif, said in comments reported on Friday.

ERG and Lukoil Joint Venture Receives Permission to Buy Four Bulgarian Wind Farm Companies

Παρ, 23 Αυγούστου 2013 - 10:33

LUKErg Renew, a joint venture between Italy's ERG SpA (ERG) and Russia's OAO Lukoil, has received permission from the Commission on Protection of Competition (KZK), to buy four Bulgarian companies running wind farms in the northeastern village of Hrabrovo, Varna district reports Novinite.

Brazil To Auction Rights to 3,535MW of New Electric Generation Capacity

Πεμ, 22 Αυγούστου 2013 - 16:26

Brazil will auction off licenses at the end of this month for more than 3,500 megawatts of new electricity-generation projects that are set to come online in five years, energy research corporation EPE said Wednesday.

Global LNG Trade Might Contract Again in 2013 - Analysts

Πεμ, 22 Αυγούστου 2013 - 16:25

Global liquefied natural-gas trade might contract for the second year in a row in 2013 mainly due to insufficient supply levels, analysts said.

Yemen to Raise LNG Prices by 2014

Πεμ, 22 Αυγούστου 2013 - 16:25

Yemen plans to raise prices on its exports of liquefied natural gas by the end of the year to boost revenues as the U.S. market dries up.

Solar Investment Boom in Japan Ends as Govt Cuts Guaranteed Rates

Τετ, 21 Αυγούστου 2013 - 15:30

The global investment boom in Japan's solar power projects came to an abrupt end at the end of March, when the government cut the guaranteed rate that utilities had to pay renewable energy electricity providers under its feed-in tariff law, recent data showed.

China to Spend $500 Billion a Year on Oil Imports by 2020

Τετ, 21 Αυγούστου 2013 - 15:29

China's crude-oil imports will grow significantly to touch $500 billion a year by 2020, compared with the $160 billion a year the U.S. is expected to spend by 2020, consulting firm Wood Mackenzie said late Tuesday.

Japan, Korea Trade Oil on Arctic Route

Τετ, 21 Αυγούστου 2013 - 15:29

Japan and South Korea have begun commercial shipping of oil products along a seldom used route through the Arctic's melting ice, lending credibility to a new frontier in global trade that promises to slash shipping costs while averting the geopolitical risks associated with ferrying cargo through the Suez Canal.

Saudi Urges World Support For Stability in Egypt

Τετ, 21 Αυγούστου 2013 - 15:28

Saudi Arabia on Wednesday urged world support for the bid by Egypt's interim government to achieve "stability" in the country, and not to hamper its efforts.