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Total Eyes Role In Brazil Pre-Salt Resources Development

Πεμ, 7 Ιουλίου 2011 - 18:32

French oil and gas major Total SA (TOT) is "well prepared" to take part in the development of Brazil's pre-salt oil resources, Total's head of exploration and production, Yves-Louis Darricarrere, said Thursday.

Sinopec Bonded Bunker Fuel Sales Reach 200,000 Tons/Month

Πεμ, 7 Ιουλίου 2011 - 18:32

China Petroleum and Chemical Corp. (SNP), better known as Sinopec, is quickly chipping away at PetroChina Co.'s (PTR) once dominant position in China's bunker fuel market as it expands to more ports and acquires more infrastructure.

China, North Korea To Boost Renewable Energy Cooperation

Πεμ, 7 Ιουλίου 2011 - 18:31

China and North Korea signed an agreement Wednesday to share their experience and beef up cooperation in exploring and utilizing renewable energy, state-run Xinhua News Agency reported Thursday.

Several Firms Show Interest In New Iraq Oil Bidding Round

Πεμ, 7 Ιουλίου 2011 - 18:31

Several international companies have submitted documents to the Iraqi oil ministry to qualify them to take part in the country's fourth oil and gas licensing auction scheduled for January, one document and persons close to the ministry said Thursday.

2010 Global Renewable Energy Invest At Record $211 Bln

Πεμ, 7 Ιουλίου 2011 - 18:31

Global investment in renewable energy rose nearly a third in 2010 compared with the previous year to a record $211 billion on large wind projects in China and small-scale roof-top solar installations in Europe, the United Nations Environment Program said Thursday in its annual report on the sector.

Russia's Kudrin: 2011 Budget Balanced If Oil Averages $118/Bbl

Πεμ, 7 Ιουλίου 2011 - 18:30

Russian Finance Minister Alexei Kudrin said Thursday the 2011 budget will be balanced only if Urals crude averages $118 a barrel.

S Korea Adjusts Oil-Product Volume In Release Of Emergency Reserves

Τετ, 6 Ιουλίου 2011 - 18:19

South Korea has increased the proportion of petroleum products that will comprise the stocks of oil that it plans to release from emergency reserves, in line with the preferences of local refiners, Korea National Oil Corp. said Wednesday.

National Grid Sees Steep Decline In UK Gas Output This Winter

Τετ, 6 Ιουλίου 2011 - 18:18

The coming winter is likely to see a much sharper-than-usual fall in U.K. natural gas production due to the decline of existing fields and a low number of new resources coming onstream, U.K. utility National Grid PLC (NGG) said Wednesday.

IMF's Lagarde: Sovereign Debt, Capital Flows Immediate Concerns

Τετ, 6 Ιουλίου 2011 - 18:18

New International Monetary Fund Managing Director Christine Lagarde said Wednesday that the major challenges threatening the fragile and uneven global recovery prompted her to start her job immediately.

Iran And Iraq Sign Accords, Vow To Put Past Behind Them

Τετ, 6 Ιουλίου 2011 - 18:18

Iraq and Iran Wednesday pledged to strengthen ties and put the past behind them, even as Washington accuses Iran of supplying new and more lethal weapons to anti-U.S. militias.

«South East Europe Energy Outlook»: Α Major Reference Study by IENE on the Energy Prospects of the Region

Τετ, 6 Ιουλίου 2011 - 17:51

IENE has just published a major reference study, entitled «South East Europe Energy Outlook». The study provides a thorough and detailed perspective of the energy sector of the region. The structure of the study is based on two main parts: (i) the energy profile of each country and (ii) sectorial analyses. Furthermore, the study covers the liberalization of the electricity and natural gas markets, stresses the role of the «Energy Community» and the influence of the European unification process on the countries of SE Europe

Bulgaria Set to Benefit Big from Newly-Found Natural Gas Deposit

Τετ, 6 Ιουλίου 2011 - 15:08

A newly-discovered natural gas deposit near Lovech in Northern Bulgaria contains 10 billion cubic meters of gas, Bulgaria's Minister of Economy, Energy, and Tourism announced.

Million-Barrel Oil Tanker Ablaze Off Yemen

Τετ, 6 Ιουλίου 2011 - 15:08

An oil tanker carrying 1 million barrels of oil, almost enough to supply Greece for three days, is on fire off the Yemeni coast after being attacked by pirates.