English Edition

Japan Refiners Worried Over Govt Focus on Natural Gas

Πεμ, 19 Ιουλίου 2012 - 16:50

The government's policy of promoting the use of natural gas for electricity generation may result in Japan becoming less attractive to oil producers, the head of Japan's oil refining industry body warned Thursday.

Three Dead in Electricity Protests in Guyana

Πεμ, 19 Ιουλίου 2012 - 16:50

Three people have been killed and a number of buildings torched in protests in Guyana over the government's gradual reduction of electricity subsidies to a local supplier, officials said.

Dong Order for Siemens Wind Turbines Worth EUR2.5B-EUR2.7B

Πεμ, 19 Ιουλίου 2012 - 16:49

Dong Energy A/S's order for 300 Siemens AG (SI) wind turbines is worth about 2.5 billion to 2.7 billion euros ($3.1 billion to $3.3 billion), a person with knowledge of the situation told Dow Jones Newswires Thursday.

UAE Oil Minister: Happy With Oil Price, Market Well Supplied

Πεμ, 19 Ιουλίου 2012 - 16:49

United Arab Emirates oil minister Mohammad Al-Hamli said Thursday that the Gulf state is happy with current oil prices, and that the market is well-supplied, a day after the president of the Organization of the Petroleum Exporting Countries said the oil body doesn't need to hold an emergency meeting as oil prices are rising.

Turkey to Tender for Iran-Europe Gas Link Project

Πεμ, 19 Ιουλίου 2012 - 12:46

A Turkish firm plans to push ahead with the development of a 35bn m³/yr pipeline intended to bring Iranian gas to Europe — despite the imposition of international sanctions on Iran.

US OIL INVENTORIES: Crude Stocks Decline By 800,000 Barrels

Τετ, 18 Ιουλίου 2012 - 19:23

U.S. crude inventories posted a smaller decline than analysts' expectations last week, according to data released Wednesday by the U.S. Department of Energy.

Saudi Arabia's Crude Supply Rises 4.5% to 10.31M B/D in June

Τετ, 18 Ιουλίου 2012 - 19:22

Top oil exporter Saudi Arabia increased its crude oil supply by 445,000 barrels a day to 10.31 million barrels a day in June from a month earlier, the Gulf Oil Review reported Wednesday.

No Need for OPEC To Hold Emergency Meeting Now -President

Τετ, 18 Ιουλίου 2012 - 19:22

The Organization of Petroleum Exporting Countries doesn't need to hold an emergency meeting while oil prices are improving, OPEC president and Iraqi oil minister said Wednesday.

BP Pays $5.2 Million Fine For False Reporting on U.S. Energy Production

Τετ, 18 Ιουλίου 2012 - 19:21

BP PLC (BP, BP.LN) has paid a $5.2 million fine for submitting false or misleading reports on energy production on Colorado tribal lands, the Interior Department said Wednesday.

U.S.: Assad Losing Control of Syria

Τετ, 18 Ιουλίου 2012 - 19:21

The Obama administration declared Wednesday that Syria's government is losing control of the country and said the world must act to prevent the development of a dangerous and violent power vacuum.

BP Begins Next Stage in TNK-BP Sale Process; Enters Negotiation Period

Τετ, 18 Ιουλίου 2012 - 19:20

BP PLC, the oil and gas company, said Wednesday it is beginning the next stage in the process of selling its 50% stake in TNK-BP, a Russian oil company owned equally by BP and Alfa Access-Renova, after the latter company decided to exercise its right to enter a period of negotiation to purchase part or all of BP's stake.

Iraq Inks Exploration Deal With Lukoil-led Group

Τρι, 17 Ιουλίου 2012 - 18:36

Russia's oil producer OAO Lukoil Holdings (LKOH.RS) and its partner Japan's Inpex Corp. (1605.TO) Tuesday initiated a deal with the Iraqi Oil Ministry to explore for oil at an Iraqi block in southern Iraq, a senior Iraqi oil official said.

Iraq Warns Turkey Against Violations Of Territory

Τρι, 17 Ιουλίου 2012 - 18:35

Iraq's government Tuesday warned Ankara against "any violations" of its territory and airspace, and instructed the foreign ministry to register a complaint at the United Nations Security Council.