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Noble Energy 1Q Profit Sinks On Charges; Adjusted Net Beats Views

Πεμ, 28 Απριλίου 2011 - 17:44

Noble Energy Inc.'s (NBL) first-quarter profit dropped 94% on losses from derivatives and other charges, while adjusted earnings grew on higher oil prices. The core results beat Wall Street expectations.

EDF: Owns 7.2% In Constellation Energy; 49.9% Of Nuclear Assets

Πεμ, 28 Απριλίου 2011 - 17:44

French state-controlled power group Electricite de France SA (EDF.FR) owns 7.2% of U.S.-based Constellation Energy Group (CEG), the group noted Thursday after U.S. electricity company Exelon Corp. (EXC) announced it agreed to buy Constellation in a stock-for-stock deal valued at about $8 billion.

MOL Is Looking At Iraqi, Russian Upstream Acquisition Targets

Πεμ, 28 Απριλίου 2011 - 17:44

Hungarian oil and gas firm MOL Nyrt. (MOL.BU) is constantly monitoring possible acquisition targets, mainly upstream projects in Russia and the Kurdistan region of Iraq, MOL Chairman and Chief Executive Zsolt Hernadi said Thursday.

Sinopec Net Profit Up 25% At CNY20.64 Bln

Πεμ, 28 Απριλίου 2011 - 17:43

China Petroleum & Chemical Corp. (SNP), or Sinopec, Asia's largest oil refiner by capacity, said Thursday first-quarter net profit rose 25% from a year earlier because of higher oil prices and increasing output, although its refining business recorded a loss due to rising fuel costs.

Exxon 1Q Gas Output Up, But Oil Production Falls

Πεμ, 28 Απριλίου 2011 - 17:43

ExxonMobil (XOM) production increased more than 10% in 1Q compared with a year ago, driven mainly by a jump in natural gas production in the US and Qatar.

Brazil's Petrobras Starts Long-Term Test At Lula Field

Πεμ, 28 Απριλίου 2011 - 17:42

Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, has started a long-term test at the Lula field in Brazil's offshore Santos Basin, 300 kilometers from the coast of Rio de Janeiro state, the company said Thursday.

PPC Union Poised for Powerful Response

Πεμ, 28 Απριλίου 2011 - 16:31

One of Greece’s most powerful labor unions, GENOP, which represents Public Power Corporation workers, looks set for a head-on collision with the government as it is expected on Thursday to approve rolling 48-hour strikes that could affect electricity supplies around the country.

Norway Interested in Drilling for Oil in Greece

Πεμ, 28 Απριλίου 2011 - 16:30

Norway has invited Greek Deputy Environment, Energy and Climate Change Minister Yiannis Maniatis to Oslo in order to discuss oil exploration rights expected to be awarded in the the Mediterranean country’s west.

Statoil Spies Top MI6 Talent

Πεμ, 28 Απριλίου 2011 - 16:29

Statoil supremo Helge Lund is turning to a former British special agent to help guide the Norwegian state oil company’s ventures in the international arena, where it has been stung by scandals in the past.

European Commission Approves Greece’s Energy Law Bill

Πεμ, 28 Απριλίου 2011 - 16:28

Environment and Energy Ministry has received positive signs from European Commission, regarding a law bill on energy markets.

Background Radiation at Kozloduy N-Plant Is Normal

Πεμ, 28 Απριλίου 2011 - 16:28

During annual scheduled repairs Tuesday at Unit 5 of the Kozloduy N-plant an increased concentration of radioactive noble gases was detected in the unit's sealed area, the N-plant said Wednesday The increased levels were found to be the result of a heightened concentration of xenon gas (Xe-133).

Gazprom Expects Contract Gas Prices for Europe to Rise

Τετ, 27 Απριλίου 2011 - 17:53

Top Russian gas firm Gazprom (GAZP.MM) expects its gas prices for Europe in long-term contracts to average $500 per thousand cubic metres by December, above planned levels, its chief executive told reporters.

First Quarter Lower for BP

Τετ, 27 Απριλίου 2011 - 17:52

Supermajor BP has posted a replacement cost (RC) first quarter profit of $5.48 billion, down 2.1% on the $5.6 billion recorded for the first quarter 2010, after it was forced to sell assets to pay for the Gulf of Mexico oil spill.