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High Saudi Oil Output Adds Market Risk - Goldman

Τετ, 11 Ιανουαρίου 2012 - 18:50

The currently high level of Saudi oil production leaves the oil market more vulnerable to supply disruptions elsewhere, according to Goldman Sachs.

Siemens Gets $1B Saudi Power Plant Order

Τετ, 11 Ιανουαρίου 2012 - 18:49

German industrial conglomerate Siemens AG (SIE.XE) has secured an order for a power plant project in Saudi Arabia with a volume of more than $1 billion, the company said Wednesday.

Ecuador's Petroamazonas Sees 160,000 B/D Oil Production In 2012

Τετ, 11 Ιανουαρίου 2012 - 18:49

Ecuador's state-run company, Petroamazonas, expects to increase its oil production 3% to about 160,000 barrels per day in 2012, the company general manager, Oswaldo Madrid said Wednesday.

EDF Prices EUR2 Billion 2022 3.875% Bond 98.986

Τετ, 11 Ιανουαρίου 2012 - 18:48

French energy company Electricite de France SA (EDF.FR) has priced its EUR2 billion, 10-year bond, at 168.6 basis points over midswaps, one of the banks running the deal said Wednesday.

Risk Of Saudi-Iran Conflict Over Oil -Petromatrix

Τρι, 10 Ιανουαρίου 2012 - 18:22

The standoff between Iran and the West over the country's nuclear program risks dragging in Saudi Arabia, says Petromatrix analyst Olivier Jakob.

TEPCO To Deposit Y120B Amid Lack Of Nuclear Plant Insurance

Τρι, 10 Ιανουαρίου 2012 - 18:22

Tokyo Electric Power Co. (9501.TO) has decided to deposit Y120 billion with the government in place of insurance coverage, after finding it difficult to extend an insurance contract to cover the crippled Fukushima Daiichi nuclear power plant, sources close to the government said Tuesday, Kyodo News reported.

OMV Unit OMV Petrom Fined EUR85.2M By Romanian Anti-Trust Body

Τρι, 10 Ιανουαρίου 2012 - 18:22

Romanian companies OMV Petrom SA (SNP.RO), of which the Austrian oil and gas company OMV AG (OMV.VI) owns 51.01%, and OMV Petrom Marketing SRL, a 100% subsidiary of OMV Petrom, were fined a total of EUR117.1 million by the Romanian Competition Council, OMV AG said Tuesday.

RWE Renewables Unit Mulls Photovoltaic Solar Power Investment

Τρι, 10 Ιανουαρίου 2012 - 18:21

German utility RWE AG (RWE.XE) said Tuesday it is considering electricity production from photovoltaic solar facilities, after a sharp drop in component prices in the past few years helped improve the economics of the nascent technology.

Tamar Partners Sign Two Gas Contracts for $1.2b

Τρι, 10 Ιανουαρίου 2012 - 13:32

The Tamar partners have signed their second natural gas supply contract in as many days. The partners - Delek Group Ltd. units Avner Oil and Gas LP and Delek Drilling LP, Noble Energy Inc., Isramco Ltd., and Alon Natural Gas Exploration Ltd. - signed two contracts worth $1.2 billion

Libya NOC To Export About 700,000 B/D On Average In January -Oil Chief

Δευ, 9 Ιανουαρίου 2012 - 18:20

Libya's National Oil Co. is planning to increase crude exports to about 700,000 barrels a day on average in January, its chairman said Monday, as the war-torn nation brings relief to markets jittered by U.S.-Iranian tensions.

EU Could Halve Iran Oil Imports By July -Citi

Δευ, 9 Ιανουαρίου 2012 - 18:19

The European Union could eliminate around half of its imports of crude oil from Iran by the end of 2Q, says Citigroup. This would reduce such imports by between 300,000 and 350,000 barrels a day, it says.

German Solar Energy Continues Rapid Growth, More Subsidy Cuts Loom

Δευ, 9 Ιανουαρίου 2012 - 18:19

Germany added around 7.5 gigawatts of new solar-power generation capacity in 2011, driven by strong demand for new facilities such as roof-top installations toward the end of the year, the country's network agency said Monday, citing preliminary figures.

LNG Energy Announces Bulgarian Well Reaches TD With Gas Shows and Initial Polish Stargoard Well Data

Δευ, 9 Ιανουαρίου 2012 - 18:18

LNG Energy Ltd. ("LNG") (TSX VENTURE:LNG) is pleased to announce that the Peshtene R-11 well in Bulgaria has been successfully drilled to its total depth of 3,190 meters under the farm-in agreement with TransAtlantic Worldwide Ltd., a wholly owned subsidiary of TransAtlantic Petroleum Ltd. (TSX:TNP)(NYSE Amex:TAT) ("TransAtlantic").