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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.

Battle For Liberation Of Damascus Has Begun -Rebel Army

Τρι, 17 Ιουλίου 2012 - 18:35

The rebel Free Syrian Army said Tuesday that the "battle for the liberation of Damascus has begun," as fighting raged in the capital.

Shell Faces $5 Billion Fine For Nigeria Oil Spill

Τρι, 17 Ιουλίου 2012 - 18:33

Royal Dutch Shell PLC (RDSB.LN) could face a record $5 billion fine from authorities in Nigeria for an oil spill off the coast of the West African country last year, an amount that dwarfs similar fines in the U.S. and Brazil.

Greece Approves Bulgaria Gas Link

Τρι, 17 Ιουλίου 2012 - 12:09

Greece's Ministry of Environment, Energy and Climate Change has approved a preliminary environmental report on the construction of the gas link that is to connect Komotini to Bulgaria's Stara Zagora.

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.