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Cnooc’s Record First-Half Profit Beats Estimates on Oil Prices, Production

Τετ, 24 Αυγούστου 2011 - 13:02

Cnooc,China’s biggest offshore oil explorer, posted record half-year profit that beat analysts’ estimates after crude prices rose and it increased output to meet demand in the fastest-growing major economy.

Libya Oil Could Reach 585,000b/d By End 2012

Τρι, 23 Αυγούστου 2011 - 17:14

The recent success of rebel forces against Gadhafi is likely to mean Libya will be producing more crude than initially expected by end 2012, says Goldman Sachs. It had originally forecast production would average 250,000 b/d next year, but now sees a greater possibility that production could reach 585,000b/d by end 2012.

Gazprom Won't Begin Libya Talks Until There Is Legitimate Regime

Τρι, 23 Αυγούστου 2011 - 17:13

Russian state gas producer OAO Gazprom (GAZP.RS) won't begin talks on restarting its projects in Libya until a "legitimate" regime is in place in the North African country, the company said Tuesday.

NATO: End Is Near For Gadhafi

Τρι, 23 Αυγούστου 2011 - 17:13

NATO declared Tuesday that "the end is near" for Moammar Gadhafi, despite a defiant appearance from the Libyan leader's son Seif al-Islam, who was earlier reported to have been arrested.

Egypt Al Qalaa To Build 150,000 B/D Refinery In Iraq

Τρι, 23 Αυγούστου 2011 - 17:13

Iraq has signed a preliminary agreement for Egyptian company Al Qalaa to build a 150,000-barrels-a-day refinery near the northern city of Mosul, as part of a drive to boost fuel supplies, Iraq's deputy oil minister said Tuesday.

S Korea Builders Win $2.1B Uzbekistan Gas And Chemical Plant Project

Τρι, 23 Αυγούστου 2011 - 17:12

South Korean construction companies won a $2.1 billion deal to build a facility for producing gas and chemical products in Surgil of Uzbekistan, the Ministry of Knowledge Economy said Tuesday.

NATO Says Gadhafi Is Not A Target

Τρι, 23 Αυγούστου 2011 - 17:12

Moammar Gadhafi is "not a target" for NATO, an alliance military spokesman said Tuesday as fighting between rebels and pro-regime forces raged around his main compound in the Libyan capital Tripoli.

Libya Oil Race Starts as Fighting Continues

Τρι, 23 Αυγούστου 2011 - 14:48

As fighting in Tripoli continues and international leaders looked to ramp up pressure on Muammar Gaddafi to step down, oil companies tried yesterday (22 August) to secure investments in Libya.

BP: Looking To Return To Libya As Soon As Conditions Allow

Δευ, 22 Αυγούστου 2011 - 17:00

BP PLC (BP.LN) said Monday it is committed to returning to Libya and continuing its oil and gas exploration program in the country as "soon as conditions allow," as rebel forces strengthen their position in the capital Tripoli and expectations grow that Col. Moammar Gadhafi will be forced out of power.

Libya's Oil Output Likely To Gradually Recover-Gulf OPEC Source

Δευ, 22 Αυγούστου 2011 - 16:59

A recovery in Libya's oil output after Col. Moammar Gadhafi's era is likely to be slow and gradual and will have a short-lived effect on crude prices, a senior Gulf OPEC official said Monday.

Japan Says Areas Around Fukushima Plant May Be Off Limits For Years

Δευ, 22 Αυγούστου 2011 - 16:58

Some areas within the 20-kilometer evacuation zone around the stricken Fukushima Daiichi nuclear complex may be off limits for years as a result of unsafe levels of radioactive contamination, Japan's government said Monday.

Wintershall: Too Early To Tell When Libya Oil Output Will Resume

Δευ, 22 Αυγούστου 2011 - 16:58

Oil and gas producer Wintershall AG--a fully owned unit of German chemicals giant BASF SE (BAS.XE)--said Monday it is still too early to tell when it will resume production in war-torn Libya.

Saudis Will Adjust Oil Output If Needed As Libya Resumes

Δευ, 22 Αυγούστου 2011 - 16:57

Saudi Arabia, OPEC's leading oil producer, will adjust its oil export levels if needed as Libya resumes its own oil production, though the cartel expects Libya's output recovery after Col. Moammar Gadhafi's reign will be slow and gradual, a senior Gulf OPEC official said Monday.