English Edition

Deal to Acquire TNK-BP 'Irreversible'

Παρ, 30 Νοεμβρίου 2012 - 17:29

OAO Rosneft Chief Executive Igor Sechin said Friday that the deal to acquire competitor TNK-BP was "irreversible" and that a committee was being formed to work on integrating the two companies. Speaking at an extraordinary shareholders meeting, Mr. Sechin offered little insight into how the new company--set to become the world's largest publicly-traded oil producer--will look like after the completion of the takeover, slated for the first half of next year

Crude Declines a Tad in Asia as Dollar Gains Vs Yen

Παρ, 30 Νοεμβρίου 2012 - 17:28

Crude-oil futures fell slightly in Asia Friday, giving up part of overnight gains as the U.S. dollar's rise against the Japanese yen crimped buying interest, while investors remained cautious pending resolution of the U.S. budget crisis. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at $87.88 a barrel at 0654 GMT, down $0.19 in the Globex electronic session. January Brent crude on London's ICE Futures exchange fell $0.06 to $110.70 a barrel

Syria: Rebels Take Another Oil Field

Παρ, 30 Νοεμβρίου 2012 - 17:26

Syrian troops withdrew from Omar oil field, one of the last regime positions east of Deir Ezzor city near the Iraqi border, a watchdog said Friday, adding that rebels now control the country's major fields. "Government troops pulled back on Thursday from the Omar oil field north of the town of Mayadeen after having lost the Conoco gas reserve on November 27," the Britain-based Syrian Observatory for Human Rights reported

Ernst&Young Ranks Romania 10th in Wind Energy Index

Παρ, 30 Νοεμβρίου 2012 - 17:25

Romania is the 10th most attractive country in the world in terms of investments in wind power, global financial consultancy Ernst & Young said on Thursday. In the overall ranking Romania occupies 13th place, unchanged from the previous report, the consultancy said in the 35th issue of the Renewable Energy Country Attractiveness Indices report

Greece: 63 MW of New Photovoltaics in October

Πεμ, 29 Νοεμβρίου 2012 - 18:19

43 MW of new solar parks and 18,5 MW of roof mounted pv systems were added in the Greek electricity grid in October, according to the Operator’s latest data. All other RES remained constant except for co-production which increased its presence by 1 MW.

EDF, UK Seen Agreeing Price For Nuclear Power By Year End -FT

Πεμ, 29 Νοεμβρίου 2012 - 18:10

Electricite de France SA (EDF.FR) and the U.K. government are expected to agree a "strike price" for electricity generated at Hinkley Point, the new nuclear power station the company plans to build, by the end of the year, the head of its U.K. subsidiary said, according to the Financial Times Thursday.

EU: Studying Implications of German Energy Law for State Aid

Πεμ, 29 Νοεμβρίου 2012 - 18:10

The European Union's antitrust authorities are looking into a new German energy law to assess its compatibility with EU state aid rules after receiving a complaint, a spokesman said Thursday.

EDF: Court Decision on Electricity Prices Won't Impact Earnings

Πεμ, 29 Νοεμβρίου 2012 - 18:10

French power company Electricite de France SA (EDF.FR) Thursday said the ruling of the country's highest administrative court, the Conseil D'Etat, on electricity prices won't have any impact on the company's earnings as it doesn't imply they will be any refund to the company's millions of customers in the country.

Cheniere: US LNG Export Terminal Construction Ahead of Schedule

Τετ, 28 Νοεμβρίου 2012 - 16:20

Cheniere Energy Inc. (LNG) told federal regulators Tuesday that construction is ahead of schedule on what would be the first liquefied natural gas export terminal in the lower U.S.

Swedish Utility Vattenfall Sets New Targets

Τετ, 28 Νοεμβρίου 2012 - 16:20

Swedish utility Vattenfall Group Wednesday said it has set new financial and sustainability targets.

Greek Company Says It Refused to Refuel Iranian Tanker

Τετ, 28 Νοεμβρίου 2012 - 16:19

An Iranian tanker with a Tanzanian flag was turned away when it sought to refuel at an island offshore Athens after its real nationality was discovered, a Greek fuel supplier said Wednesday, illustrating how Western sanctions against Iran continue to impede the Islamic Republic's efforts to keep trade flowing.

Greek Wholesale Power Price Unrepresentative

Τετ, 28 Νοεμβρίου 2012 - 11:37

Greek state-controlled utility PPC continues to suffer from distortions in the power market which mean that the system marginal price (SMP) is increasingly unrepresentative of actual power costs.

BP Sells its LPG Assets and Petgaz Business in Turkey to Oteko Group

Τετ, 28 Νοεμβρίου 2012 - 11:13

British oil major BP’s Turkish unit said it had sold its liquefied petroleum gas (LPG) assets and Petgaz business in Turkey to Russia’s Oteko Group, which transports crude oil and oil products within Russia.

70 MW of new RES Capacity Await the Completion of the Licensing Procedure in Bulgaria

Τετ, 28 Νοεμβρίου 2012 - 11:12

Around 70 MW of new renewable energy capacity await the completion of the licensing procedure at Bulgaria's State Commission for Energy and Water Regulation (DKEVR), according to DKEVR Chair Angel Semerdzhiev.

Nigeria to Export at Least 2.2M B/D of Oil in January

Τρι, 27 Νοεμβρίου 2012 - 17:57

Nigeria, one of Africa's key energy producers, is set to export at least 2.2 million barrels a day of crude oil in January, largely in line with the volumes originally scheduled to load in December, according to provisional loading programs seen by Dow Jones Newswires this and last week.

Poland's PGNiG Seeks Lower Regulated Gas Prices after Gazprom Deal

Τρι, 27 Νοεμβρίου 2012 - 17:57

Polish gas firm PGNiG SA (PGN.WA) has asked the Polish energy regulator to approve a cut in the regulated prices of natural gas after Russia's OAO Gazprom (GAZP.RS), its main supplier, agreed to lower its prices, the company said Tuesday.