English Edition

Japan Govt To Ask For Power Usage Cuts At Peak Times This Summer

Παρ, 18 Μαΐου 2012 - 18:28

The Japanese government will likely ask for power usage cuts across most of the country in the peak summer demand period as all of the nation's nuclear plants remain offline, according to a draft report compiled by a government-affiliated panel.

Total: Fallout Of Arab Spring Will Sustain High Prices

Παρ, 18 Μαΐου 2012 - 18:27

High oil prices will be sustained in part through increased social spending by Middle Eastern governments in the wake of the Arab spring, Total SA (TOT) Chief Economist Pierre Sigonney said Friday.

Turkey Warns Of Reprisals Over Cyprus Energy Projects

Παρ, 18 Μαΐου 2012 - 18:27

Turkey Friday threatened reprisals against companies bidding for oil and gas drilling projects off Cyprus, in the latest spat between Ankara and the island's internationally recognized government.

WTI Discount To Brent Likely Permanent - Total SA

Παρ, 18 Μαΐου 2012 - 18:27

The current discount that WTI crude has to Brent is likely to be permanent, although it will narrow as pipelines carry more oil away from the Cushing pricing hub in Oklahoma, says Total SA's (TOT) Chief Economist Pierre Sigonney.

Qatar Producing Crude Oil At Full Capacity

Παρ, 18 Μαΐου 2012 - 18:26

Qatar is producing crude oil at full capacity and sticking to its OPEC quota, Minister of Energy and Industry Mohammed Bin Saleh Al-Sada said Friday.

IEA: Iran Oil Cut Above 1M B/D Would Mean Tight Oil Market

Παρ, 18 Μαΐου 2012 - 18:26

If western sanctions shut down more than 1 million barrels a day of Iranian oil production, it would lead to a much tighter and more volatile oil market in the second half of this year, said the head of the International Energy Agency's oil markets division, David Fyfe, Friday.

Solar Power Market Braces For US-China Trade Case Decision

Πεμ, 17 Μαΐου 2012 - 17:41

The U.S. solar-power industry has been nervously awaiting a federal decision on whether to impose antidumping tariffs on Chinese solar-panel makers.

Pictures Show North Korea Progressing On Nuclear Reactor

Πεμ, 17 Μαΐου 2012 - 17:41

North Korea appears to be moving ahead with the building of a light-water reactor that could be used to support its nuclear weapons program, according to satellite images released Wednesday.

ExxonMobil Says Asia-Pacific To Account For Third Of Global Gas Demand By 2040

Πεμ, 17 Μαΐου 2012 - 17:41

The need to develop unconventional sources of gas, such as coal seam gas, is increasingly important to meet the rising demand from Asia and an expected surge in gas-fired power stations over the coming decades, an executive at U.S. oil giant ExxonMobil Corp. (XOM) said Thursday.

Iran Will Never Give Up Its Nuclear Rights, Negotiator Says

Πεμ, 17 Μαΐου 2012 - 17:40

Iran rejects Western pressures over its nuclear activities and will never give up its rights, Tehran's chief nuclear negotiator said Thursday ahead key talks with world powers in Baghdad next week.

Halliburton Gets $95 Mln Gazprom Neft Contract In Iraq

Πεμ, 17 Μαΐου 2012 - 17:39

U.S.-based energy services giant Halliburton Co (HAL) has won a $95 million contract from Russian state oil producer OAO Gazprom Neft (SIBN.RS) to test and complete 11 wells at the untapped Badra oil field in eastern Iraq, the firm said in a statement Thursday.