English Edition

Iraq Must Be Aggressive in Marketing Oil - Official

Τρι, 18 Ιουνίου 2013 - 18:03

Iraq must market its oil aggressively, Adnan Janabi, chairman of the oil and gas committee in Iraq's parliament, said Tuesday, highlighting the challenge increasing supply and lackluster demand present to Iraq in coming years.

Azeri Socar Sets Eye on Greek Gas Company DESFA

Τρι, 18 Ιουνίου 2013 - 12:56

The Azeri state energy company Socar said it has started talks with the Greek government on purchasing the country’s natural gas grid operator DESFA, the asset of the national gas firm DEPA, after being the only bidder in a failed tender for the asset sale.

South Korea to Limit Power Use; to Fine Violators

Δευ, 17 Ιουνίου 2013 - 17:46

South Korea will cut power usage in the public and private sectors from Tuesday until the end of August as the country faces its worst-ever electricity shortage this summer, the Ministry of Trade, Industry and Energy said on Monday.

Cnooc, Shell Awarded New Offshore Oil, Gas Permits in Australia

Δευ, 17 Ιουνίου 2013 - 17:45

China National Offshore Oil Corp., known as Cnooc, and Royal Dutch Shell PLC (RDSB) are among companies which have committed to spend at least 180 million Australian dollars (US$173 million) over the next three years searching for new oil and gas deposits in Australia.

Siemens to Shut Down Solar Business Unit

Δευ, 17 Ιουνίου 2013 - 17:45

Industrial conglomerate Siemens AG (SI) Monday said it will close its solar business segment after negotiations with potential buyers failed to result in a deal.

Italy Regulator Suspends Short Selling on Saipem

Δευ, 17 Ιουνίου 2013 - 17:45

Italy's securities regulator has imposed a two-day ban on short selling of Saipem SpA (SPM.MI) shares after Europe's biggest oil services company issued a profit warning for the second time this year.

CEZ Nuclear Tender Decision May Face Delay as Czech Govt Resigns

Δευ, 17 Ιουνίου 2013 - 17:44

The imminent resignation of the Czech prime minister and cabinet, due later Monday, creates instability that may force 70% state-owned power company CEZ AS (BAACEZ.PR) to delay the final decision in its ongoing nuclear expansion tender, a spokesman for the company said Monday.

Iran's Rowhani Wants To Improve Saudi Ties

Δευ, 17 Ιουνίου 2013 - 17:44

Iran's newly-elected president Hassan Rowhani declared Monday that his incoming government will seek to improve ties with regional rival Saudi Arabia, which have been strained over differences about Syria's civil war.

Fluxys Signals Strong Interest to Join TAP

Δευ, 17 Ιουνίου 2013 - 15:37

European gas infrastructure group Fluxys is considering taking a shareholding in the Trans Adriatic Pipeline (TAP) project. Discussions between Fluxys’ and TAP’s shareholders began in 2012. These negotiations are proceeding with a view to include Fluxys as a shareholder in TAP shortly after the Shah Deniz Consortium has decided on the preferred European route to bring gas from Azerbaijan.

Bosnia’s Serb Republic, Gazprom Agree on Local South Stream Route

Δευ, 17 Ιουνίου 2013 - 12:55

Bosnia’s Serb Republic signed on Friday a road map with Russian oil giant Gazprom to lay a segment of the South Stream pipeline in the Balkan country, the president's office in Banja Luka said.

Venezuela Oil Minister: Some Partners Aren't Meeting Output Commitments

Παρ, 14 Ιουνίου 2013 - 18:08

Venezuelan government officials will begin holding high-level quarterly reviews with the country's oil partners as part of an effort to ensure they are meeting commitments to increase production capacity, the South American nation's energy minister said Thursday.

Swiss Firm To Enter LNG Market In Japan -Nikkei

Παρ, 14 Ιουνίου 2013 - 18:08

Swiss resources trader Glencore Xstrata Plc (GLEN.LN) plans to start supplying liquefied natural gas to Japanese utilities this year, the Nikkei reported in its Friday morning edition.

Total, Exxon Mobil, Royal Dutch Shell, Statoil Expressed Interest in Cuadrilla Shale Asset

Παρ, 14 Ιουνίου 2013 - 18:07

Owners of prospective U.K. shale acreage spurned interest from four of the world's biggest oil companies Exxon Mobil Corp. (XOM), Royal Dutch Shell PLC (RDSA.LN), Total SA (TOT) and Statoil ASA (STO) in favor of a deal with Centrica PLC (CNA.LN), a person familiar with the matter said Friday.