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Romania's Transelectrica Net Profit Doubles in 1Q to RON92M -Mediafax

Τετ, 15 Μαΐου 2013 - 17:32

Romanian power grid operator Transelectrica (TEL.RO) Wednesday reported a first-quarter net profit of 91.75 million lei ($6.26 million), more than double compared with RON45 million in the same period of 2012, news agency Mediafax reported.

BP, Partners Win 8 Deepwater Exploration Blocks in Brazil Round 11

Τετ, 15 Μαΐου 2013 - 17:31

Oil major BP PLC (BP.LN) said Wednesday it and partners Total SA (TOT), Petrobras and Petrogal were yesterday named winning bidders for eight deepwater blocks offshore Brazil in the Brazilian National Petroleum Agency's 11th bid round.

OMV's Roiss: Sale of Share in Nabucco Could Be Announced Within Weeks

Τετ, 15 Μαΐου 2013 - 17:31

Details about negotiations to sell a recently-acquired stake in the Nabucco West gas pipeline project consortium could be made public within weeks, the head of the Austrian oil and gas group OMV AG (OMV.VI) said.

Total Buys Shell's Retail Network In Egypt

Τετ, 15 Μαΐου 2013 - 17:31

French oil company Total SA (TOT, FP.FR) Wednesday confirmed it acquired Royal Dutch Shell PLC's (RDSB.LN) fuel retail network in Egypt as part of its strategy to strengthen its distribution position in the country and wider region.

Third Point Invests $60 Million in Energean Oil & Gas

Τετ, 15 Μαΐου 2013 - 12:55

Energean Oil & Gas is pleased to announce that the newly-created Third Point Hellenic Recovery Fund has entered into the share capital of the Greek based Oil & Gas producer and explorer through an equity capital injection of $60 million.

BG Group Shifts Focus Back To Exploration, LNG

Τρι, 14 Μαΐου 2013 - 17:55

BG Group PLC (BG.LN) Tuesday said it is shifting its focus back to exploration and liquefied natural gas, while reducing its spending on big developments and streamlining its portfolio in efforts to lure investors back.

Saudi Arabia to Relax Production at Older Fields as New Ones Start -FT

Τρι, 14 Μαΐου 2013 - 17:55

Saudi Arabia's national oil company Aramco will "relax" production at some of its oldest and largest oil fields as new ones come onstream, the company's Chief Executive Khalid al-Falih is cited as saying by the Financial Times Tuesday.

Iraq Northern Oil Exports Halted After Pipeline Attack

Τρι, 14 Μαΐου 2013 - 17:54

Exports of crude oil from northern Iraq have been suspended after a new bomb attack against a key pipeline, an Iraqi person familiar with the matter and a Middle East shipping agent said Tuesday, the second such interruption in less than a week.

Statoil Awards Noble Corporation USD655M Contract

Τρι, 14 Μαΐου 2013 - 17:54

Norwegian oil and gas producer Statoil (STO) said Tuesday that in on behalf of Mariner partners JX Nippon Exploration and Production Ltd. and Cairn Energy PLC (CRNCY) has awarded the contract for drilling services on the Mariner project to Noble Corporation (NE).

Egypt's Citadel Signs Deal to Build Fuel Bunkering Terminal

Τρι, 14 Μαΐου 2013 - 17:54

Egyptian private equity firm Citadel Capital (CCAP.CI) said Tuesday its subsidiary Mashreq Petroleum has signed a 25-year concession agreement with the East Port Said Port Authority to build Egypt's first independent tank terminal.

Shell Says Fully Cooperating with EU Investigation

Τρι, 14 Μαΐου 2013 - 17:53

Royal Dutch Shell PLC (RDSB.LN) said Tuesday that Shell companies are assisting the European Commission in an enquiry into trading activities.

Power Sector Warns of Costly Lost Decade of Energy, Climate Inaction

Τρι, 14 Μαΐου 2013 - 13:29

Without early investment signals, Europe faces a ‘lost decade’ of climate and energy policy inaction between 2020-2030, culminating in a mind-bogglingly expensive sprint to decarbonise in the last two decades before 2050, according to a new report by the European association of electricity producers, Eurelectric.

PV was the Number-One New Source of Electricity Generation Installed in Europe for Second Year in a Row

Τρι, 14 Μαΐου 2013 - 12:45

The world added more than 31 GW of new solar photovoltaic (PV) capacity in 2012 – roughly the same amount as in the record-setting year of 2011 – according to a new report from the European Photovoltaic Industry Association (EPIA). This significant market growth came even during a period of economic crisis and industry consolidation.