English Edition

Petroplus UK Refinery To Run Out Of Crude In A Few Days -MEP

Τρι, 24 Ιανουαρίου 2012 - 18:57

Petroplus Holdings AG's (PPHN.EB) Coryton refinery in Essex, southeast England, has enough crude oil only for a few days of production, said Richard Howitt, the member of the European parliament for the East of England.

PPC-Quantum Proposes Cable Link with Israel

Τρι, 24 Ιανουαρίου 2012 - 14:55

Quantum Energy Ltd, an electricity company controlled by Athens-based Public Power Corporation SA, plans to build a cable connecting Israel to Europe via Cyprus and Greece as demand increases in the region.

Ukraine in Talks with Brazil on Black Sea Fields

Τρι, 24 Ιανουαρίου 2012 - 13:52

Ukraine has started talks with Brazil on joint development of hydrocarbons on the Black Sea shelf, Ukrainian Foreign Minister Konstantin Grishchenko said on Tuesday.

ConocoPhillips Added About 738M Barrels To Reserves In 2011

Δευ, 23 Ιανουαρίου 2012 - 18:23

ConocoPhillips (COP) said it added about 738 million barrels of oil equivalent to its proved reserves in 2011, allowing the oil giant to more than replace oil reserves lost from production.

Iran Lawmakers Repeat Threats To Close Strait Of Hormuz -Agencies

Δευ, 23 Ιανουαρίου 2012 - 18:22

Iranian lawmakers Monday reiterated a threat to block the key Strait of Hormuz, after the European Union agreed to a ban on Iranian oil.

Saudi Has Capacity To Replace EU's Iran Oil -CGES

Δευ, 23 Ιανουαρίου 2012 - 18:22

Saudi Arabia has more than enough spare oil production capacity to step in and fill the gap when the European Union imposes its ban on Iranian oil imports in July, says Leo Drollas, Chief Economist of the Center for Global Energy Studies.

Iraq To Operate New Sea Export Terminal Friday

Δευ, 23 Ιανουαρίου 2012 - 18:22

Iraq is planning to operate the first of four new export floating terminals at the port of Basra in southern Iraq Friday, Jan. 27, the oil ministry said in an emailed statement Monday.

Unified EU Bans Iranian Oil Imports From July 1

Δευ, 23 Ιανουαρίου 2012 - 18:21

European Union foreign ministers Monday approved an oil embargo on Iran, moving past an internal debate over the economic burden on some members and sending a strong rebuke to the Islamic Republic over its nuclear program.

Halliburton CEO Sees Overall Increase In Rig Count For 2012

Δευ, 23 Ιανουαρίου 2012 - 18:20

Unfettered drilling for oil will more than offset any slowdown in natural gas drilling in North America, helping improve Halliburton Co.'s (HAL) business despite a bleak outlook for natural gas prices, Chief Executive Dave Lesar said Monday.

Bulgarian Coal Miners End Strike

Δευ, 23 Ιανουαρίου 2012 - 16:59

Miners at Bulgaria's largest coal mining complex, the Maritsa East Mines, ended on Sunday a week-long strike that had led to a halt in electricity exports.

Azerbaijan Refuses to Lower Gas Price for Turkey

Δευ, 23 Ιανουαρίου 2012 - 14:02

According to Turkish media, Azerbaijan, like earlier Iran, dismissed the proposal of the Turkish side to reduce gas prices.

Iran Sanction Bill Exempts BP Project

Δευ, 23 Ιανουαρίου 2012 - 14:01

British and European Union officials have convinced some U.S. lawmakers to ensure that any new sanctions against Iran exempt a BP PLC-led natural-gas project, as Western governments try to isolate Tehran without harming their own energy security.

Sinopec In Pact With Australia Pacific LNG For More LNG Supplies

Παρ, 20 Ιανουαρίου 2012 - 18:45

China Petrochemical Corp., known as Sinopec Group, said Friday that it has reached an agreement with Australia Pacific LNG Pty Ltd. to buy up to 7.6 million metric tons of liquefied natural gas a year, up from 4.3 million tons.