English Edition

Saudi Oil Output At 10.1 Million B/D In June, Exceeding Russia

Τετ, 22 Αυγούστου 2012 - 14:28

Oil production in Saudi Arabia, the world's largest crude exporter, rose to 10.103 million barrels a day in June, from 9.807 million barrels a day in May, overtaking Russia as the world's largest producer, official data showed.

Saudi Aramco To Soon Announce Gas Discoveries

Τετ, 22 Αυγούστου 2012 - 14:27

State-owned Saudi Arabian Oil Co., or Aramco, will soon announce unconventional gas discoveries in the north and northwest of the kingdom, al-Riyadh newspaper reports Wednesday, citing the firm's chief executive.

Bulgaria to Have 200,000 Electric Vehicles by 2025

Τετ, 22 Αυγούστου 2012 - 11:24

At least 200,000 electric vehicles will hit Bulgaria's roads by 2025, the Sofia-based Electric Vehicles Industrial Cluster (EVIC) has forecast.

Bulgarian Power Distributors Incurring Losses over Green Energy Policy

Τετ, 22 Αυγούστου 2012 - 11:23

A recent change in the tariff policy of Bulgaria's energy regulator spells more losses for the country's power distributors as the financial burden of the regulatory support scheme for green energy shifts away from power grid operator NEK.

U.S. Says Oil Firms Should Respect Baghdad Government

Τρι, 21 Αυγούστου 2012 - 13:37

The U.S. said Monday that oil companies shouldn't bypass Iraq's central government after authorities in the autonomous Kurdish north signed dozens of deals with foreign energy firms.

China Fund Invests in US Gas Export Plant

Τρι, 21 Αυγούστου 2012 - 13:36

China's sovereign wealth fund China Investment Corp. is a passive investor in Blackstone Group LP's (BX) $1.5 billion investment in Cheniere Energy Partners LP's (CQP) planned natural gas export facility, the Financial Times reported on its website Tuesday, without citing sources.

Japanese Solar Power Outlook Looks Bright but Wind May Not Fly

Τρι, 21 Αυγούστου 2012 - 13:36

New minimum price rules for Japan's renewable energy sector will likely help solar power shine, but bird strikes and tough environmental assessment needs may make it tough for wind generation to take off.

Venezuela PdVSA Takes Steps to Speed Up Orinoco Development -Chavez

Τρι, 21 Αυγούστου 2012 - 13:36

Venezuelan state oil company Petroleos de Venezuela, or PdVSA, Monday night signed accords with two other state companies intended to help speed up development of the country's Orinoco heavy oil belt and increase the country's oil production, Venezuelan President Hugo Chavez said in a televised address.

Glencore CEO: Merger With Xstrata Not A Must-Do Deal

Τρι, 21 Αυγούστου 2012 - 13:35

Commodities titan Glencore International (GLEN.LN) is willing to walk away from its proposed merger of equals with Xstrata PLC (XTA.LN) as it continues to wrangle with some of Xstrata's largest shareholders about what is the right value for the deal.

Eni and Vitol Sign Memo Of Understanding To Develop Gas Block in Ghana

Τρι, 21 Αυγούστου 2012 - 13:35

Italian oil company Eni SpA (E) and Swiss oil trader Vitol Group have signed a memorandum of understanding with the Ghanaian government and Ghana National Petroleum Corp for the development and commercialization of natural gas in the Offshore Cape Three Points Block in the Tano Basin of Ghana, the Italian company said Tuesday.

No Price Ceiling on Gasoline Yet

Τρι, 21 Αυγούστου 2012 - 10:00

The price of unleaded gasoline may have hit 2 euros per liter at just one gas station on the remote island of Karpathos over the weekend but the general price level of fuel is rising by the day. According to official data, the nationwide average is now 1.814 euros/liter.