English Edition

Libya's Oil Production Restored to Pre-War Levels

Δευ, 15 Απριλίου 2013 - 18:41

OPEC-member Libya has restored its production to the levels it reached before the start of the civil war in 2011, the country's Deputy Prime Minister Awad al-Baraasi said Monday.

Rosneft Offers to Buy 21% of Italy's Saras for EUR273.5 Mln

Δευ, 15 Απριλίου 2013 - 18:41

Russian state-owned oil giant OAO Rosneft (ROSN.RS) Monday said it offered to buy a combined 21% stake in refinery Saras SpA (SRS.MI) for a total 273.5 million euros ($358.3 million), as Russian companies expand into the ailing Italian refining market.

Libya to Produce 10% of Power from Renewables by 2025

Δευ, 15 Απριλίου 2013 - 18:41

Libya plans to get 10% of its power from renewable sources by 2025 to reduce its domestic reliance on fossil fuels and ensure it has enough oil to export, the country's Deputy Prime Minister Awad al-Baraasi said Monday.

Iraq, Eni Considering Zubair Oil Field Production Cut

Δευ, 15 Απριλίου 2013 - 18:40

Iraq and Italy's largest oil production company, the Eni SpA (E) group, are close to reaching a deal to cut the final production target for the giant Zubair oil field in southern Iraq to between 850,000 and 1 million barrels a day, an Iraqi oil industry official familiar with the matter said Thursday.

Vestas CFO to Quit

Δευ, 15 Απριλίου 2013 - 18:40

The chief financial officer for Vestas Wind Systems has stepped down after nine months on the job, dealing the troubled Danish wind-turbine maker another blow as it works to reverse a string of deep losses and build relationships with investors.

OMV Buys RWE's Nabucco Stake

Δευ, 15 Απριλίου 2013 - 13:02

Austrian energy group OMV has bought German utility RWE's nearly 17% stake in the Nabucco pipeline project that aims to bring Caspian gas to Europe.

Nigerian Oil Thefts Prompt Shell To Act

Παρ, 12 Απριλίου 2013 - 15:57

Nigeria -- Jacob Mandi says he failed to find work with Royal Dutch Shell PLC in Nigeria's oil-rich swamps. So now the 25-year-old ocean diver earns a rich living stealing crude oil from pipelines in an activity the company warned on Thursday is part of a "massive and growing problem of oil theft" in Africa's top crude-oil producer.

Japan March Power Output Down 7.1% on Year At 76.07 Bln KWh

Παρ, 12 Απριλίου 2013 - 15:56

Electricity generated by Japan's 10 regional power utilities fell 7.1% on year in March to 76.07 billion kilowatt-hours, as the nation kept conservation efforts amid continued closure of most nuclear power plants, the Federation of Electric Power Companies said Friday.

Rosneft To Invest $1.5B In East Arctic Shelf Survey

Παρ, 12 Απριλίου 2013 - 15:56

The world's largest listed oil producer, Russia's Rosneft (ROSN.RS), plans to invest $1.5 billion to survey the East Arctic shelf, deputy general director at Rosneft-Shelf-Far-East said Friday, Interfax news agency reported.

Nabucco to Submit Binding Bid for Shah Deniz Field End-April

Παρ, 12 Απριλίου 2013 - 15:56

Nabucco Gas Pipeline International GmbH will submit its binding bid for a natural gas field in Azerbaijan, called Shah Deniz, at the end of April, the company said Friday.

GDF Suez Plans to Close French Gas-Fired Power Plants

Πεμ, 11 Απριλίου 2013 - 17:08

French power utility GDF Suez SA (GSZ.FR) plans to close three of the four gas-fired power plants it operates in its home country because their profitability fell, the newspaper Les Echos reported Thursday, citing unidentified sources.

Iraq Raises Oil Reserves To 150 Billion Barrels

Πεμ, 11 Απριλίου 2013 - 17:07

Iraq has raised its estimated proven crude oil reserves to 150 billion barrels from 143 billion barrels, with more oil discovered in oil fields being upgraded by international oil companies and from a new oil field in southern Iraq, the Iraqi oil minister said Wednesday.