English Edition

BP Commits Itself To North Sea

Πεμ, 13 Οκτωβρίου 2011 - 18:31

BP's (BP) new GBP4B investment in the giant Clair field is something of a turnaround in terms of commitment to the North Sea, notes Evolution Securities. Says that in recent years the majors have tended to talk more about redeploying capital to less mature regions with greater prospectivity.

TNK-BP Minority Shareholder Raises Claim Against BP To $13B

Πεμ, 13 Οκτωβρίου 2011 - 18:30

A minority shareholder in BP PLC's (BP) Russian joint venture TNK-BP Holding (TNBP.RS) Thursday almost tripled his claim for damages from the U.K. oil major in relation to a failed exploration deal with OAO Rosneft (ROSN.RS) to 409.3 billion rubles ($13 billion) from RUB154.3 billion, the legal firm representing him said.

Eni Says Libyan Gas Pipeline Working Again As Of Today

Πεμ, 13 Οκτωβρίου 2011 - 18:30

Italy's oil company Eni SpA (E) said Thursday its underwater gas pipeline between Libya and Sicily is working again after successful completion of a test.

Tanker Freight Rates In The Mediterranean Soar 30% On Week

Πεμ, 13 Οκτωβρίου 2011 - 18:29

Freight rates in the Mediterranean market soared almost 30% this week, after new shipping regulations affecting the Turkish Straits caused severe delays to tankers traveling through the Dardanelles and the Bosphorous Straits.

Romanian Govt Approves Renewable Energy Incentive Scheme

Πεμ, 13 Οκτωβρίου 2011 - 17:01

Romania's Government on Wednesday approved the ordinance providing state aid through green certificates for renewable energy production, after repeated complaints about delays from business associations in the industry.

Gazprom, Belarus May Sign New Gas Contracts in November

Πεμ, 13 Οκτωβρίου 2011 - 17:00

Russia's gas giant Gazprom may sign new gas contracts with Belarus in November, the firm said on Thursday, after talks which also covered the sale of half of the Belarusian gas transportation company Beltransgaz to Gazprom.

Areva-Siemen's Finnish EPR Reactor Delayed Again

Τετ, 12 Οκτωβρίου 2011 - 17:30

A third generation EPR nuclear reactor being built in Finland by French-German consortium Areva SA (ARVCY) and Siemens AG (SI) will likely be delayed again, to 2014 from 2013, Finnish power company Teollisuuden Voima Oyj said Wednesday.

Iran Replaces Gazprom With Domestic Cos In Azar Oil Field Project

Τετ, 12 Οκτωβρίου 2011 - 17:30

Iran said Wednesday it had awarded domestic companies a $1.9 billion contract to develop the Azar oil field, effectively abandoning plans to work with OAO Gazprom's (GAZP.RS) oil unit on the project.

Japan To Provide Financial Support For Coal Projects

Τετ, 12 Οκτωβρίου 2011 - 17:29

Japan's Ministry of Economy, Trade and Industry plans to add coal to the energy projects that it provides with financial support in order to enhance the country's energy security, a METI official said Wednesday.

IEA Cuts 2H Global Refinery Runs Forecast On Weaker Asia

Τετ, 12 Οκτωβρίου 2011 - 17:29

Global refinery crude runs will be lower in the third and fourth quarters of 2011 than forecast last month, as maintenance in Asia and a fire at Royal Dutch Shell PLC's Pulau Bukom refinery in Singapore curtailed Asian refinery runs, the International Energy Agency said in its monthly oil market report Wednesday.

Siberian Court Rules Against Plaintiff In Case Against BP

Τετ, 12 Οκτωβρίου 2011 - 17:29

A Siberian court Wednesday refused to grant a minority shareholder of BP's PLC (BP.LN) Russian joint venture OAO TNK-BP Holding (TNBP.RS) more time to bolster shareholder support for his $2.8 billion lawsuit against two BP executives on the board of TNK-BP.

EU: Very Great Concern About Iran, Saudi Ambassador Allegation

Τετ, 12 Οκτωβρίου 2011 - 17:28

The European Union expressed "very great concern" about U.S. allegations that Iran was behind an attempt to assassinate the Saudi ambassador to Washington and warned of "serious" implications if the charges are proven.

Price of Electricity in Montenegro Growing

Τετ, 12 Οκτωβρίου 2011 - 14:33

The cost of electricity in Montenegro will certainly raise , the only question is when, Montenegrin media reported at Tuesday. From the Regulatory Energy Agency of Montenegro said that they didn’t yet received requests from the Electric Power Industry of Montenegro, EPCG, to increase the price of electricity, but that they expect it.