English Edition

European Utilities' CEOs Slam Lawmakers Over Energy Policy

Τετ, 22 Μαΐου 2013 - 17:50

In concrete terms, European energy companies are the subject of a perfect storm, which is endangering security of supply and the transformation towards a low-carbon economy, as well as undermining their capacity to attract capital

BP's Investment in Iraq to Reach $5 billion by 2016

Τετ, 22 Μαΐου 2013 - 17:50

U.K. oil major BP PLC (BP) plans to increase the production capacity at the Rumaila oilfield, the largest in Iraq, by 750,000 barrels per day by 2017, and aims to increase its spending in the country to $5 billion a year from the current $2.6 billion by 2016, a senior executive said Wednesday.

Iraq Earns $7.764B From Oil Sales in Apr Vs $7.772B in March

Τετ, 22 Μαΐου 2013 - 17:50

Iraq has earned some $7.764 billion from oil sales in April, compared with $7.772 billion earned the previous month, the Iraqi oil ministry said in a statement Wednesday.

Solarworld Aims for Restructuring Approval by August

Τετ, 22 Μαΐου 2013 - 17:49

Heavily indebted Solarworld AG (SWV.XE) said Wednesday it aims for approval of its debt restructuring from noteholders and shareholders by August.

China Confirms April Oil Data; Crude Imports up 3.7% on Year

Τρι, 21 Μαΐου 2013 - 17:43

China's General Administration of Customs confirmed Tuesday that April crude-oil imports totaled 23.08 million metric tons, equivalent to 5.6 million barrels a day, up 3.7% from a year earlier.

Shell CEO: No Adverse Findings against Shell from EU Oil Probe

Τρι, 21 Μαΐου 2013 - 17:42

The European Union probe into potential energy-price manipulation has made no adverse findings against Royal Dutch Shell PLC (RDSB.LN), the company's chief executive Peter Voser said Tuesday.

Saudi Arrests 10 Iran Spy Suspects - Ministry

Τρι, 21 Μαΐου 2013 - 17:42

Saudi authorities have arrested 10 more suspects in an alleged Iranian spy ring unveiled two months ago, an interior ministry spokesman said on Tuesday.

Gazprom Seeks Moscow Exchange Listing

Τρι, 21 Μαΐου 2013 - 17:42

Russian gas giant OAO Gazprom (GAZP.RS) said Tuesday it wants to list its shares on the Moscow Exchange (MOSX.RS) to increase its appeal to shareholders.

Shell CFO: Sees Production At Iraq Majnoon Greenfield Project Within 2-3 Months

Τρι, 21 Μαΐου 2013 - 17:41

Royal Dutch Shell PLC (RDSB.LN) aims to start production from a greenfield project in Iraq's Majnoon oil field within the next two to three months, Chief financial Officer Simon Henry said Tuesday.

Greek Refiner, HELPE, Issues Order to Buy 80.000 Barels of Urals Crude Oil

Τρι, 21 Μαΐου 2013 - 12:05

Hellenic Petroleum (ELPE), Greece’s largest refiner, has issued a tender to buy an 80,000-ton cargo of Russian Urals crude oil for early June delivery, a trading source said, the first in months as its finances improve.

Itochu, Partners Win Y350B Turkey Refinery Order -Nikkei

Δευ, 20 Μαΐου 2013 - 17:24

A consortium comprised of Itochu Corp. (8001.TO) and foreign firms won an order from the State Oil Company of the Azerbaijan Republic (SOCAR) to build Turkey's largest oil refinery in the western city of Izmir, the Nikkei reported in its Monday evening edition.

Japan Set To Invest In African Resources

Δευ, 20 Μαΐου 2013 - 17:24

Japan is pledging $2 billion for energy and mineral projects in Africa, capping a conference with government resource officials from across the continent as it seeks to catch up with years of Chinese investment.

Egypt Appoints New CEO for State-Owned Oil Firm

Δευ, 20 Μαΐου 2013 - 17:23

Egypt's oil ministry Monday named Tarek El-Barkatawy chief executive of state-owned Egyptian General Petroleum Corp., or EGPC, at a time when the country is facing a severe fuel shortage and needs to negotiate favorable rates with oil producers.