English Edition

EU: Reported Gadhafi Death Marks End Of Era Of Despotism In Libya

Πεμ, 20 Οκτωβρίου 2011 - 18:23

The reported death of Col. Moammar Gadhafi marks the end of an era of repression and despotism, and opens the way for a new democracy, the top European Union leaders said Thursday.

Iraq Outlines Oil Production Strategy To 2030

Πεμ, 20 Οκτωβρίου 2011 - 18:23

The Iraqi government has teamed up with Booz & Company and the World Bank in preparing a so-called an integrated energy strategy outlining three scenarios for the country's oil production from 2012 to 2030.

Cyprus Planning Sovereign Gas Fund; Growing Interest for New Drilling

Πεμ, 20 Οκτωβρίου 2011 - 16:27

Cyprus has not even confirmed the existence of natural gas off its shores, but it is already thinking about setting up a sovereign wealth fund to manage the riches it hopes will come its way. Gas has the potential to transform the island, but assuming the first results from exploratory drilling due in December are positive, it will be a long time before the euro zone's third-smallest economy is able to export gas, Trade and Industry Minister Praxoula Antoniadou told Reuters.

Bosnia and Herzegovina Passed the Decision to Accept the MOU with Shell Exploration

Πεμ, 20 Οκτωβρίου 2011 - 15:21

The Government of the Federation of BiH (FBiH) passed the decision to accept the Memorandum of Understanding with Shell Exploration Company B.V. - a company established in the Kingdom of the Netherlands, with registered office in The Hague – and the decision granting authorization for its signing

European Commission: 50 Bil. Euro Investment for Energy, Communication and Transportation Grids

Πεμ, 20 Οκτωβρίου 2011 - 15:20

The European Commission has yesterday tabled a plan which will fund €50 billion worth of investment to improve Europe's transport, energy and digital networks. Targeted investments in key infrastructures will help to create jobs and boost Europe's competitiveness at a time when Europe needs this most.

Giant Gas Find for Eni in Mozambique

Πεμ, 20 Οκτωβρίου 2011 - 15:18

Eni has announced a giant gas discovery at its Mamba South 1 prospect offshore Mozambique. The Area 4 discovery well encountered a total of 212 metres of continuous gas pay in high-quality Oligocene sands, the Italian player said in a statement on Thursday.

GDF Suez Would Review Belgian Investments If Nuclear Tax Approved

Τετ, 19 Οκτωβρίου 2011 - 18:22

French power company GDF Suez SA (GSZ.FR) said it would reconsider planned investments to extend the life of some of its nuclear reactors in Belgium if the government approved a tax increase on the nuclear generation industry.

Iraq, Oil Majors Agree To Build Oil Field Water Injection Plant

Τετ, 19 Οκτωβρίου 2011 - 18:22

Iraq has agreed with oil majors to build a multi-billion-dollar oil field water injection plant in the south of the country, after disagreement over costs that suspended the project for months, a senior Iraqi official said Wednesday.

Polish Gas Firm May Launch Arbitration Against Gazprom

Τετ, 19 Οκτωβρίου 2011 - 18:22

Poland's state-controlled gas firm PGNiG SA (PGN.WA) may launch arbitration proceedings against Russia's OAO Gazprom (GAZP.RS) if by the end of October the Russian firm doesn't agree to cut its prices for natural gas, a PGNiG executive said Wednesday, according to state-owned newswire PAP.

IEA: Dire Future For Energy, Climate Without Policy Action

Τετ, 19 Οκτωβρίου 2011 - 18:21

The world is headed for a "dire future" where high energy prices drag on economic growth and global average temperatures rise by more than 3.5 Celsius, unless there are significant innovations to lower the cost of clean energy and carbon capture technology, said the International Energy Agency Wednesday.

Azerbaijan Jan-Sep Oil Output Down 8% On-Year At 35.5M Tons

Τετ, 19 Οκτωβρίου 2011 - 18:21

Azerbaijan produced 35.5 million metric tons of crude oil in January to September, down 7.9% from the same period last year, the state statistics agency said Wednesday.

Growth In Iron Ore, Steel Financial Markets Seen Outpacing Oil

Τετ, 19 Οκτωβρίου 2011 - 18:19

The financial markets in iron ore and steel have huge growth potential, with development in the materials' financial products sectors out-pacing early growth in the now-large oil derivatives market, the head of metals brokerage at BNP Paribas Commodities Futures said Tuesday.