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Tamar Partners Sign $750M Contract With Israeli Paper Company

Πεμ, 26 Ιανουαρίου 2012 - 18:21

U.S. energy company Noble Energy Inc. (NBL.TV) and its local partners in Israel's Tamar natural gas field said Thursday that they have signed a $750 million contract to supply natural gas to Hadera Paper Ltd. (HAP.TV) for 15 years.

European Union Takes UK To Court Over Tax, Gas Rules

Πεμ, 26 Ιανουαρίου 2012 - 18:20

The European Union is taking the U.K. to court in two cases involving its tax system and the application of the regional bloc's natural gas rules.

E.ON Confirms Talks To Sell Stake In Regional Energy Provider

Πεμ, 26 Ιανουαρίου 2012 - 18:20

E.ON AG (EOAN.XE)--Germany's largest utility by market value--said Thursday it has begun "exploratory talks" to discuss the possibility of a sale of its majority stake in a regional energy provider to local municipalities.

Russian Court Hands BP Win In Case Against TNK-BP Minorities

Πεμ, 26 Ιανουαρίου 2012 - 18:20

A Siberian arbitration court Thursday rejected an appeal by minority shareholders in BP PLC's (BP) Russian joint venture, OAO TNK-BP Holding (TNBP.RS), in a multi billion-dollar lawsuit, marking a small victory for the U.K. oil major.

Electric Car Battery Maker Ener1 Files For Bankruptcy Protection

Πεμ, 26 Ιανουαρίου 2012 - 18:19

Electric car battery maker Ener1 Inc., whose subsidiary received a $118.5 million grant from the U.S. Department of Energy, on Thursday filed for Chapter 11 bankruptcy protection.

Saudi Aramco CEO: Oil Demand Will Be Somewhat Sluggish In 2012

Τετ, 25 Ιανουαρίου 2012 - 18:38

Oil demand this year will be "somewhat sluggish" and global economic conditions will likely remain as turbulent as they were in 2011, the chief executive of state giant Saudi Arabian Oil Co., or Saudi Aramco, said Wednesday.

E.ON's Job Cut Plan Could Cost Over EUR1 Bln

Τετ, 25 Ιανουαρίου 2012 - 18:38

E.ON AG's (EOAN.XE) restructuring program, which includes a massive reduction of its global workforce, could cost the German utility in excess of EUR1 billion, two people familiar with the matter told Dow Jones Newswires Wednesday.

Petroplus German Refinery Producing At 50%-60% Capacity -Administrator

Τετ, 25 Ιανουαρίου 2012 - 18:37

The German crude oil refinery owned by stricken European refiner Petroplus Holdings AG (PEPFY) continues to produce--albeit at reduced capacity--despite the Switzerland-listed company's filing for insolvency Tuesday, said the spokesman for the insolvency administrator Wednesday.

Iraq, Lukoil Award $998M West Qurna Deal To Samsung

Τετ, 25 Ιανουαρίου 2012 - 18:37

Iraq and Russia's OAO Lukoil Holding (LKOH.RS) have awarded a $998 million deal to south Korea's Samsung Group to develop the supergiant West Qurna phase 2 oil field, the Iraqi government said in a statement Wednesday.

UK Court Upholds Challenge To Govt's Solar Subsidy Cut

Τετ, 25 Ιανουαρίου 2012 - 18:36

The U.K. Wednesday lost a bid to overturn a court ruling that its planned cuts to solar power subsidies were illegal, a decision that could allow thousands of consumers to claim the higher payouts introduced by the previous Labour government.

ConocoPhillips 4Q Profit Rises 66% Amid Asset Sale Gains

Τετ, 25 Ιανουαρίου 2012 - 18:36

ConocoPhillips's (COP) fourth-quarter earnings rose 66% amid gains on asset sales as the oil producer and refiner also continued to benefit from high oil prices.

DEPA Stake Goes on Sale

Τετ, 25 Ιανουαρίου 2012 - 16:46

As the government gears up to get the process of the Public Gas Corporation (DEPA) and gas distribution operator DESFA’s privatization under way on Wednesday, it admitted to the country’s creditors that its likely revenues from state sell-offs this year will be far less than expected.

Europe Southern Gas Corridor Pipeline Race Heats Up

Τετ, 25 Ιανουαρίου 2012 - 12:47

Competition to build Europe's southern gas corridor intensified on Tuesday after two leading pipeline projects said they would welcome cooperation with the Trans Anatolian gas pipeline (TANAP) which aims to pump Azeri gas through Turkey.