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Oil, Gas Prices To Rise If Norway Oil Output Stops

Δευ, 9 Ιουλίου 2012 - 17:42

The price of oil and gas from Norway is on the brink of a sharp increase unless the Norwegian government steps in to prevent a costly shutdown of all production in Western Europe's largest oil exporter, European traders and analysts said Monday.

Oil Terminals in East Libya Forced Shut

Παρ, 6 Ιουλίου 2012 - 18:32

Two oil terminals in east Libya were forced to halt production Thursday by federalism backers, local sources said.

Brent May Average $125/Bbl In 2013 -Barclays

Παρ, 6 Ιουλίου 2012 - 18:32

The average Brent crude price in 2013 will likely be $125/bbl, while Nymex crude may average $115/bbl, after factoring in market balances and a "faster pace of international geopolitics in 2013 and greater market attention to the geopolitical background" compared with 2012, Barclays says.

BP Says Talks Ongoing on Abu Dhabi Concessions

Παρ, 6 Ιουλίου 2012 - 18:31

BP PLC (BP) has downplayed a report that it has been snubbed by Abu Dhabi's national oil company in preliminary bidding for rights to develop the emirate's largest onshore oil fields.

California First American State to top 1,000MW in Solar Power

Παρ, 6 Ιουλίου 2012 - 12:28

California has become the first state in the nation to install 1,000MW of rooftop solar capacity, reaching that mark last year.

The Renewable Energy Surcharge is Unjustifiably High, Says Bulgarian PV Association

Παρ, 6 Ιουλίου 2012 - 12:27

The renewable energy surcharge, which is said to be a major reason for the 13% electricity price spike from July 1, is "unjustifiably high", according to Nikola Gazdov, Chair of the Bulgarian Photovoltaic Association (BPA).

France To Limit Natural Gas Tariffs Increases To Inflation

Πεμ, 5 Ιουλίου 2012 - 17:30

Natural gas tariffs won't rise in France by more than the rate of inflation, French newspapers said Thursday, reporting remarks made by Prime Minister Jean-Marc Ayrault in a TV interview overnight.

Algeria May Lose $20 Billion Revenue If Oil Prices Continue To Drop

Πεμ, 5 Ιουλίου 2012 - 17:29

OPEC member Algeria may lose $20 billion of its oil revenues in a year if crude prices continue to drop, the country's Energy Minister Youcef Yousfi told state radio late Wednesday, a day after backing an emergency meeting of the oil exporters' group in the event of renewed declines in prices.

Statoil Preparing To Shut Down Production On Norwegian Continental Shelf

Πεμ, 5 Ιουλίου 2012 - 17:29

Norwegain oil and gas giant Statoil (STL.OS) said Thursday it's preparing to shut down production on the Norwegian continental shelf following a notice of lockout from the Norwegian Oil Industry Association.

Gazprom CEO: Shtokman Deal May Be Delayed

Πεμ, 5 Ιουλίου 2012 - 17:29

The new deal on Arctic natural-gas project Shtokman, led by Russia's natural gas monopoly OAO Gazprom (GAZP.RS), may suffer a minor delay, the company's Chief Executive said Thursday, Interfax reported.

IEA Sees China Driving Green Power Growth Through 2017

Πεμ, 5 Ιουλίου 2012 - 17:28

Electricity generated from renewable sources is forecast to grow by an average 5.8% a year from 2011-2017 to reach a total of 6,400 terawatt hours in 2017, the International Energy Agency said in a report published Thursday.

Switzerland Tightens Sanctions on Iran but Stops Short of Oil Ban

Πεμ, 5 Ιουλίου 2012 - 17:28

The Swiss government Thursday announced a decision to tighten sanctions against Iran, but stopped short of a ban on transactions involving oil and oil products from the Islamic Republic for "foreign policy reasons."

PPC Secures Refinancing Deal

Πεμ, 5 Ιουλίου 2012 - 16:17

Public Power Corporation, Greece’s biggest electricity company, reached a refinancing deal on 525 million euros of debt with three banks. The Athens-based company said Wednesday the average interest rate secured in the refinancing deal was 8.9 percent from 8.1 percent before. Public Power also said its cost of total debt remains below 5.5 percent.