English Edition

UAE's Fujairah Pipeline Starts Up, First Cargo to Pakistan

Δευ, 16 Ιουλίου 2012 - 18:16

A new oil pipeline that bypasses the Strait of Hormuz started its exports Sunday, and the first cargo is heading to a refinery in Pakistan, officials and industry sources said.

Total: European Refining Margin More Than Doubles In 2Q On Year

Δευ, 16 Ιουλίου 2012 - 18:15

French oil company Total SA (TOT) Monday said its European refining margin more than doubled to $38.2 per metric ton in the second quarter of this year, up from $16.3 per ton in the same period a year ago.

Eni to Raise Investment in Indonesia to up to $1.2 Bln in 2013

Δευ, 16 Ιουλίου 2012 - 18:15

Italian oil and gas company Eni S.p.A. (E) will boost its investment in Indonesia to up to $1.2 billion next year from $400 million this year, a government official said Monday.

Eni CEO Sees South Stream Investment Decision by Start 2013

Δευ, 16 Ιουλίου 2012 - 18:15

Italian oil and gas company Eni SpA (E) expects to take a final investment decision toward the end of the year or start of 2013 on the South Stream natural gas pipeline project, Chief Executive Paolo Scaroni said Monday.

Lithuania to Hold Referendum on New Nuclear Plant

Δευ, 16 Ιουλίου 2012 - 18:14

Lithuania's parliament on Monday called a referendum on plans for an atomic power plant to replace a Soviet-era facility closed under the terms of Lithuania's entry into the European Union.

Iraq Initially Inks Deal With Kuwait Energy-Led Group

Δευ, 16 Ιουλίου 2012 - 18:13

Iraq's oil ministry Monday initialed a deal with Kuwait Energy-led group to explore for gas and oil at an exploration block in southern Iraq, an Iraqi Oil Ministry official said.

China Electricity Output Growth Stalls; Weakest Since May 2009

Παρ, 13 Ιουλίου 2012 - 18:25

China's electricity production, an important economic indicator, was unchanged in June from the same month a year earlier as domestic economic growth slowed and industrial output growth stalled.

Spanish Power Sector Reform May Cost Companies EUR2B

Παρ, 13 Ιουλίου 2012 - 18:24

Spain's five largest power producers may lose 2 billion euros ($2.44 billion) in profits as a result of the reform the government is set to approve Friday, financial daily Expansion reports, citing Unesa, the sector's lobby organization.

Tighter Iran Sanctions Support Oil

Παρ, 13 Ιουλίου 2012 - 18:24

Oil futures are higher after the US tightened sanctions against Iran, bringing concerns over geopolitical risks over supply back to the fore.

Iraq Raises August Crude Prices To All Buyers

Παρ, 13 Ιουλίου 2012 - 18:23

Iraq has raised the official selling prices of its crude oil in August to all buyers, the State Oil Marketing Organization, or SOMO, said Friday.

Kenya Leases All Oil Exploration Blocks

Παρ, 13 Ιουλίου 2012 - 18:23

Kenya has leased out all existing oil blocks to exploration companies, the Daily Nation newspaper reports Friday citing Energy Minister Kiraitu Murungi.

Nigeria Awards $60 Billion Worth of Oil Contracts

Παρ, 13 Ιουλίου 2012 - 18:22

Nigeria this week finally signed contracts allocating supply of its oil in the coming year in a string of deals worth around $60 billion.

Total, Partners Awarded Rights To Explore Offshore Area in Bulgaria

Πεμ, 12 Ιουλίου 2012 - 18:06

French oil company Total SA (TOT) Thursday said it won the rights to seek oil and gas in an area known as the Khan Asparuh bloc, offshore Bulgaria in the Black Sea in partnership with Spain's Repsol SA (REP) and Austria's OMV (OMV.VI).