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Saudi, UAE To Make Up Any Drop In Iran Oil Supply To S. Korea

Δευ, 7 Μαΐου 2012 - 18:08

Saudi Arabia and the United Arab Emirates have pledged to make up for any shortfall in Iranian oil exports to South Korea, the country's Minister of Strategy and Finance Bahk Jae-wan said Monday.

France, Greece Worries Stop Oil From Rising -DnB

Δευ, 7 Μαΐου 2012 - 18:08

French and Greek election results, which fueled worries over the euro zone's ability to solve its sovereign debt problems, have prevented crude prices from rising Monday after sharp falls at the end of last week, says Torbjorn Kjus, oil market analyst at DnB NOR. "Normally we would see more strength in oil futures [after such falls]," he says.

President Putin Proposes Medvedev As Russia's Prime Minister

Δευ, 7 Μαΐου 2012 - 18:07

Russian President Vladimir Putin, who took office earlier Monday, officially nominated Dmitry Medvedev as candidate for prime minister.

EDF Sees UK New Nuclear Costs Rising By 40%

Δευ, 7 Μαΐου 2012 - 18:07

The U.K. unit of French state-controlled Electricite de France SA (EDF.FR) has increased by 40% the estimated costs of its new-build nuclear power plants in the U.K., The Times reports Monday.

Ukraine Ready to Take Active Part in Transanatolian Gas Pipeline Construction

Δευ, 7 Μαΐου 2012 - 16:35

Ukraine is ready to take an active part in construction of the Transanatolian gas pipeline. The statement came from Ukrainian Prime Minister Nikolay Azarov during the meeting with Turkish Premier Ali Babacan.

Greek DEPA Privatization to Be Completed by End of 2012

Δευ, 7 Μαΐου 2012 - 16:34

Greek DEPA privatization will be completed by the end of 2012, said the DEPA Director General, Chairman of Board of Directors Harry Sachinis.

Statoil and Rosneft Sign Russian Arctic Agreement

Δευ, 7 Μαΐου 2012 - 14:11

Norway’s Statoil ASA(STO, STL.OS) signed Saturday a potential $100 billion cooperation agreement with Russian state oil company Rosneft (ROSN.RS) to develop Russia’s mostly untapped offshore energy resources in the Arctic.

SunPower 1Q Loss Widens; Company Expands Businesses

Παρ, 4 Μαΐου 2012 - 17:37

SunPower Corp. (SPWR) posted a larger first-quarter loss as costs and charges offset higher revenue, although the company said its key businesses are expanding.

South Korea Starts Building New Nuclear Reactors

Παρ, 4 Μαΐου 2012 - 17:36

South Korea on Friday started work on two new nuclear reactors despite fears over safety in the aftermath of the radioactive disaster in Japan last year.

EDF's Sweetened Offer For Edison OK'd By Italian Regulator

Παρ, 4 Μαΐου 2012 - 17:36

Electricite de France SA (EDF.FR) Friday confirmed that it improved its offer for Edison SpA (EDN.MI), securing approval of the Italian market regulator Consob and sealing an agreement that should end a more than two year battle for control of the Italian utility.

BP Deepwater Horizon Spill Trial Moved To 2013

Παρ, 4 Μαΐου 2012 - 17:36

A trial to apportion blame and damages for the 2010 Deepwater Horizon disaster will now start in 2013 after the New Orleans judge hearing the case scheduled a new start date.

IAEA Hopes To Reach Concrete Result With Iran On Nuclear

Παρ, 4 Μαΐου 2012 - 17:35

The head of the International Atomic Energy Agency said Friday he is hopeful of reaching a concrete result with Iran on concerns about the Islamic Republic's nuclear program during their next talks.

Iran's May Fuel Oil Exports To Far East Likely Over 500,000 Tons

Πεμ, 3 Μαΐου 2012 - 17:45

Iran's fuel oil exports to East Asia this month will likely top 500,000 tons counting a fuel oil-laden supertanker that National Iranian Oil Company is due to ship to Singapore, traders said Thursday.