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Brent Could Hit $60-70 If GDP Growth Slumps

Brent Could Hit $60-70 If GDP Growth Slumps

Δευ, 3 Οκτωβρίου 2011 - 18:33

Brent crude oil could sink to $60-70/barrel next year if global GDP growth slows sharply to below 1% and OPEC has difficulty cutting output to balance declining demand, muses JPMorgan.

TAP Submits its Bid to Shah Deniz Consortium

TAP Submits its Bid to Shah Deniz Consortium

Δευ, 3 Οκτωβρίου 2011 - 17:39

This weekend marked an historic moment for the TAP project. On Saturday, 1st of October 2011, we submitted ourproposal to transport 10 billion cubic metres of gas a year from the giant Shah Deniz II field in Azerbaijan to the energy markets of Europe.By opening up the Southern Gas Corridor, TAP would help bring the new sources of gas from the Caspian region that will ensureEurope’s security of supply.

Putin Watching Gazprom Raids

Putin Watching Gazprom Raids

Δευ, 3 Οκτωβρίου 2011 - 16:50

Russian Prime Minister Vladimir Putin has said his government is keeping a close eye on raids by the European Commission on Gazprom and its subsidiaries, according to reports.

Oil Market Seen Neutral-To-Bullish - SEB

Oil Market Seen Neutral-To-Bullish - SEB

Παρ, 30 Σεπτεμβρίου 2011 - 18:28

The oil market looks neutral to bullish with the potential for high volatility due to the uncertain macroeconomic environment, says Filip Petersson, commodity strategist at SEB.

EU Clears Germanys ZF To Buy Belgian Wind Turbine Maker Hansen

EU Clears Germany's ZF To Buy Belgian Wind Turbine Maker Hansen

Παρ, 30 Σεπτεμβρίου 2011 - 18:27

The European Commission cleared Friday Germany's automotive industry supplier ZF Friedrichshafen AG to buy Belgian company Hansen Transmissions International NV (HSN.LN), a maker of wind turbine gearboxes.

ConocoPhillips First US Buyer Of Libyan Crude - Traders

ConocoPhillips First US Buyer Of Libyan Crude - Traders

Παρ, 30 Σεπτεμβρίου 2011 - 18:26

ConocoPhillips (COP) has purchased a cargo of Libyan crude from Vitol Holding, making it the first U.S. oil major to buy the country's oil since Col. Moammar Gadhafi's fall, trade sources told Dow Jones Newswires Friday.

BP $7.1B Argentina Sale To Cnooc Said To Risk Collapse -Bloomberg

BP $7.1B Argentina Sale To Cnooc Said To Risk Collapse -Bloomberg

Παρ, 30 Σεπτεμβρίου 2011 - 18:25

Plans by BP PLC (BP) to sell its 60% stake in Argentine crude producer Pan American Energy to a joint venture of China's Cnooc Ltd. (0883.HK) and Argentine-owned Bridas Energy Holding Ltd. is at risk of collapse, Bloomberg News reported Friday on its website, citing a person with knowledge of the matter.

Plutonium Detected Outside Fukushima Nuclear Plant -Ministry

Plutonium Detected Outside Fukushima Nuclear Plant -Ministry

Παρ, 30 Σεπτεμβρίου 2011 - 18:24

A limited amount of plutonium has been detected in soil outside Japan's troubled Fukushima nuclear power plant which was crippled by the March 11 quake-tsunami disaster, the government said Friday.

Hyundai, Greeces Metka Win $656.9M Iraq Power Plant Deals

Hyundai, Greece's Metka Win $656.9M Iraq Power Plant Deals

Πεμ, 29 Σεπτεμβρίου 2011 - 18:08

Iraq's cabinet has approved deals with South Korea's Hyundai Engineering Co. (000720.SE) and Greece-based Metka (METKK.AT) to build power plants in the southern oil hub of Basra worth up to $656.9 million, a government spokesman said, in moves aimed at tackling the acute power shortage in the oil-rich country.

Japan Renewables Law May Get More Wind Turbines Spinning

Japan Renewables Law May Get More Wind Turbines Spinning

Πεμ, 29 Σεπτεμβρίου 2011 - 18:06

Japan's wind power companies hope a new law approved in the wake of the country's nuclear disaster will be a big boost for a sector which for now holds only a tiny share of the energy mix, but they are waiting to see details before they start cheering.

Ceyhan Oil Exports Seen Unaffected By Kirkuk Pipeline Outage

Ceyhan Oil Exports Seen Unaffected By Kirkuk Pipeline Outage

Πεμ, 29 Σεπτεμβρίου 2011 - 18:04

Iraqi oil exports from the Turkish terminal of Ceyhan are unlikely to be affected by a pipeline interruption, as there is adequate crude in storage at the export terminal, an Iraqi official said Thursday.