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OPEC Spare Capacity in the First Quarter of 2012 at Lowest Level since 2008

Δευ, 28 Μαΐου 2012 - 16:25

The U.S. Energy Information Administration (EIA) estimates that global spare crude oil production capacity averaged about 2.4 million barrels per day (bbl/d) during the first quarter of 2012, down about 1.3 million bbl/d from the same period in 2011 (see chart above).

Bulgaria Still Confident in the Nabucco Gas Pipeline Project

Δευ, 28 Μαΐου 2012 - 14:13

Bulgaria's representative in Nabucco Gas Pipeline International is working hard to dispel claims that the EU-backed energy diversification project is unfeasible.

EU Says Iran Oil Embargo To Go Ahead On July 1

Παρ, 25 Μαΐου 2012 - 17:48

The European Union said Friday that it plans to press ahead with an embargo on Iranian oil starting on July 1, after two days of talks over Tehran's controversial uranium enrichment program failed to bridge differences.

Gazprom CEO: Shtokman Project May Consider New Partners

Παρ, 25 Μαΐου 2012 - 17:47

OAO Gazprom (GAZP.RS) is considering including foreign partners in the development of the Shtokman project, the company's CEO told reporters on Friday, following a meeting with President Vladimir Putin.

Indonesian President: BP To Invest $11B In Gas Project

Παρ, 25 Μαΐου 2012 - 17:47

BP PLC (BP) is to invest $11 billion in a natural gas project in eastern Indonesia, Reuters reported Friday on its website, citing a statement issued by Indonesian President Susilo Bambang Yudhoyono.

Libya Says Oil Contracts Under Review

Παρ, 25 Μαΐου 2012 - 16:23

Libya's interim prime minister Abdurrahim El-Keib said that Libya is reviewing all contracts signed by the previous regime in the oil sector and all other sectors for any evidence of corruption or illegal practice.

BP Wants Smaller Nabucco Option

Παρ, 25 Μαΐου 2012 - 16:23

BP will not consider shipping gas from its Shah Deniz Stage 2 Gas field in Azerbaijan through the original plans of the Nabucco pipeline, forcing the EU-backed project to offer a smaller alternative.

Cyprus Can Become a Gas Storage Hub for the EU

Παρ, 25 Μαΐου 2012 - 14:19

The energy sector in Cyprus, in relation to both domestic and global developments, is at a critical juncture, Under Secretary to the President Titos Christofides said in a speech on behalf of President Demetris Christofias at the Energy Gas Storage Summit 2012 in Prague.

Eni Says Significant Oil Discovery In Egypt's Western Desert

Πεμ, 24 Μαΐου 2012 - 17:05

Eni SpA (E), Italy's biggest energy company by market value, Thursday said it made a "significant" oil discovery in the Egyptian Western Desert, as it refocusing its local activities in the area.

China Solar Companies Worry About Implications Of US Tariffs

Πεμ, 24 Μαΐου 2012 - 17:05

Chinese solar companies on Thursday called for free trade and open competition in the global solar energy sector, saying U.S. antidumping tariffs would harm the sector's development and risked sparking a wider trade war in the sector.

Statoil Moves To Ship North Sea Oil To South Korea

Πεμ, 24 Μαΐου 2012 - 17:04

Statoil ASA (STO) is the latest company to look to send North Sea oil to South Korea in June as part of an increasingly common trade that until last year was virtually unheard of, ship brokers said Thursday.

Putin: Independent Firms Should Have Access To Offshore Resources

Πεμ, 24 Μαΐου 2012 - 17:04

Russian President Vladimir Putin said Thursday that independent oil companies should have the right to develop offshore resources as long as they don't sell those rights to foreign corporations, Interfax reported.

EDF Completes Acquisition Of Edison

Πεμ, 24 Μαΐου 2012 - 17:04

Electricite de France (EDF.FR) Thursday completed the acquisition of Edison SpA (EDN.MI), as it purchased shares from investment vehicle Delmi for EUR784 million.