English Edition

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.

Delek May Struggle to Obtain Tamar Financing

Τετ, 12 Οκτωβρίου 2011 - 14:33

Delek Group Ltd. (TASE:DLEKG) controlling shareholder Yitzhak Tshuva is concerned about raising funds to develop the Tamar natural gas field. It will cost $3 billion to build a production platform and infrastructure to carry the gas from the rig to the coast. Delek needs to secure almost $1 billion by June 2012 at the latest.

Sinopec, Gazprom Forge Closer Ties

Τετ, 12 Οκτωβρίου 2011 - 14:30

China's state-controlled oil firm Sinopec and Sibur Holidings, a subsidiary of Russian state-run gas monopoly Gazprom, have signed an initial deal to set up two joint chemical plants in Russia's Krasnoyarsk and China's Shanghai.

Greece-Italy Power Interconnector Off Line

Τετ, 12 Οκτωβρίου 2011 - 14:29

The Greece-Italy power interconnector will be off line until 22 October as a result of a technical fault, Greek transmission system operator HTSO said.

Gazprom-led Sakhalin JV's Japanese LNG Market Share Now 8%

Τρι, 11 Οκτωβρίου 2011 - 18:24

Sakhalin Energy Investment Co. now provides more than 8% of Japan's liquefied natural gas needs following additional cargoes shipped to the country in the wake of the devastating tsunami that severely damaged its nuclear capacity, said Chief Executive Andrei Galaev.

Nabucco Pipeline Could Be Delayed Again - OMV

Τρι, 11 Οκτωβρίου 2011 - 18:24

The Nabucco gas pipeline, meant to wean Europe off of its dependency on Russian gas, could become operational a year later than planned, in 2018, Austrian stakeholder OMV (OMV.VI) said Tuesday.

Areva To Decide By Dec On Need To Phase-out Some German Ops

Τρι, 11 Οκτωβρίου 2011 - 18:24

French nuclear group Areva S.A.(AREVA.FR) may decide in December whether to discontinue some of its activities in Germany once the country phases out its nuclear power operations, Chief Executive Luc Oursel tells German newspaper Handelsblatt in an advanced release of its Wednesday edition.

Iran to Replace Gazprom with Domestic Firms at Azar Fields

Τρι, 11 Οκτωβρίου 2011 - 18:03

Iran has cancelled plans for Russia’s Gazprom to develop its Azar oil field because of “repeated” delays and awarded it to domestic contractors, a newspaper reported yesterday.

Tanker Safety Risks Are Rising Following Plunge in Rates, Ship Owners Say

Τρι, 11 Οκτωβρίου 2011 - 18:03

A collapse in oil-tanker rates to the lowest level in at least 14 years is increasing the risk of spills because it may encourage some owners to spend less on safety,Tsakos Energy Navigation Inc. and BW Group Ltd. said.