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Norway Oil Fund Concerned About Unfolding EU Debt Crisis

Πεμ, 3 Μαΐου 2012 - 17:44

The unfolding European sovereign debt crisis is a concern to the Norwegian oil fund but it hasn't prompted a change in its investment strategy with regard to European Union government debt, the fund's deputy chief executive said Thursday.

Gamesa Building Plants In India To Make Wind-Turbine Parts

Πεμ, 3 Μαΐου 2012 - 17:43

Gamesa Corporacion Tecnologica SA (GCTAY), the Spanish wind-farm manager and turbine maker, is building new factories in India to tap growing demand for electricity in the South Asian nation where conventional fuels like coal and gas are in short supply.

Total Sees Global Conventional Oil Resources At 1,640 Bln BOE

Πεμ, 3 Μαΐου 2012 - 17:43

Global conventional oil resources represent around 1,640 billion barrels of oil equivalent, according to an estimate by French oil major Total SA (TOT), its director for exploration and production Yves-Louis Darricarrere said Thursday.

US Likely To Limit LNG Exports To Keep Low Gas Price

Πεμ, 3 Μαΐου 2012 - 17:43

The U.S. government is likely to impose limits on exports of liquefied natural gas in order to keep its domestic natural gas prices low, said executives from two major oil companies with operations in the country Thursday.

ELPE Issues Tender for Diesel Sale

Πεμ, 3 Μαΐου 2012 - 15:25

Hellenic Petroleum SA, Greece’s largest refiner, issued a tender to sell one cargo of diesel in May, according to two people who received the document.

Sidetrack Boosts Vegas Field

Πεμ, 3 Μαΐου 2012 - 13:39

A sidetrack on Greek company Vegas Oil and Gas’s Al Amir SE (AASE) field is now producing while drilling on another well on the same Egyptian field is now underway, an associated company has announced.

Gazprom, Halliburton Sign Strategic Tech Deal

Πεμ, 3 Μαΐου 2012 - 13:03

Russian energy giant Gazprom and U.S.-based energy services major Halliburton have signed a strategic cooperation deal to develop and implement new oil and gas technologies in global exploration and production projects, Halliburton said on its website on Thursday.

Russian Government Approves Gas Tax Rise

Τετ, 2 Μαΐου 2012 - 17:51

The Russian government is planning to double by 2015 the extraction tax the state-controlled natural gas company OAO Gazprom (GAZP.RS) is paying, a deputy finance minister said Wednesday.

Vestas's Shares Plunge After Disappointing Results

Τετ, 2 Μαΐου 2012 - 17:51

Shares in Danish Vestas Wind Systems A/S (VWS.KO), the world's largest wind turbine maker, plummeted Wednesday after it released a set of vastly consensus-missing--and by its own admission disappointing--first-quarter results that it attributed to delayed order hand-overs and high costs of new turbine models.

Enel CEO Says Interested In TAP Gas Pipeline Project

Τετ, 2 Μαΐου 2012 - 17:50

Enel SpA (ENEL.MI), Italy's biggest utility by market value, is interested in the Trans Adriatic Pipeline, or TAP, project that aims to bring Caspian natural gas to the country, its Chief Executive Fulvio Conti said Wednesday.

No Danger Of Repeat Of 2008 Price Spike In Oil - OPEC

Τετ, 2 Μαΐου 2012 - 17:50

There is no cause for concern that there will be another price surge on oil markets this year on the scale of the $147-a-barrel spike seen in 2008, the Organization of Petroleum Exporting Countries said Wednesday.

Iran's Oil Production At Lowest Level In 20 Years-Consultant

Τετ, 2 Μαΐου 2012 - 17:50

Iran's oil output has reached its lowest level in 20 years, independent data showed Wednesday, as the impact of sanctions dramatically deepens.

Rosneft 1Q Profit Down 9% On Year On Higher Taxes, Transportation Costs

Τετ, 2 Μαΐου 2012 - 17:49

Russian state oil producer OAO Rosneft (ROSN.RS) Wednesday said first-quarter net profit fell 8.9% from last year partly due to higher taxes on the huge Vankor field, as well as higher transportation and electricity costs, but was still supported by higher oil prices.