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OMV CEO:See No Permanent Output Consequences On Libya Unrest

Τετ, 9 Μαρτίου 2011 - 17:19

OMV AG (OMV.VI), Central Europe's largest oil and gas company, has seen its production in troubled Libya fall steeply, but it expects oil operations to shortly be back as they were before the uprising in the North African country and has no intention of scaling down its engagement there, said Chief Executive Wolfgang Ruttenstorfer Wednesday.

Huge Blasts, Fire Near Libya Oil Facility At Ras Lanuf

Τετ, 9 Μαρτίου 2011 - 17:19

A series of massive explosions Wednesday erupted into fireballs near an oil facility outside the Libyan rebel-held town of Ras Lanuf, where a mechanic said a pipeline was blown up.

London Array OffShore Wind Farm Sees First Foundation Installed

Τρι, 8 Μαρτίου 2011 - 17:26

DONG Energy, E.ON AG (EOAN.XE) and Masdar said Tuesday that the first of 177 foundations has been installed at the U.K.'s multi-billion pound flagship offshore wind farm London Array that will be the largest offshore wind farm when it is commissioned next year.

India Has Potential For Over 8000 MW Of Tidal Energy

Τρι, 8 Μαρτίου 2011 - 17:25

India has potential to generate more than 8,000 megawatts of tidal energy, the renewable-energy ministry said Tuesday.

Saudi Aramco Ups Apr Light Crude OSPs From Sidi Kerir Amid Libya Crisis

Τρι, 8 Μαρτίου 2011 - 17:25

State-owned Saudi Arabian Oil Co., or Aramco, has raised official selling prices for its high quality light crudes for April term supply, through Egypt's Sidi Kerir oil terminal in the Mediterranean, by more than a dollar a barrel, traders who have seen the official notice said Tuesday.

EU Approves Danish Subsidy For Electric Cars

Τρι, 8 Μαρτίου 2011 - 17:25

The European Commission Tuesday cleared DKK15 million ($2.8 million) of public funding for a pilot program aimed at promoting electric cars in Denmark.

Tullow Oil's Quiet Persistence Pays Off In Uganda

Τρι, 8 Μαρτίου 2011 - 17:24

After more than a year of delay, U.K.-based explorer Tullow Oil appears to have finally resolved a politically contentious tax dispute that was holding up its plans to develop of around 1 billion barrels of oil discovered in Uganda.

Arab Foreign Ministers Postpone Libya Meeting To Saturday

Τρι, 8 Μαρτίου 2011 - 17:24

Arab foreign ministers are to hold crisis talks Saturday to discuss imposing a no-fly zone over Libya, Arab League officials said, as Libyan jets keep up near daily strikes to crush a rebellion.

Offshore Only in Turkmenistan

Παρ, 4 Μαρτίου 2011 - 16:45

Turkmenistan will not invite foreign oil companies to invest in the exploration or production of its prized onshore gas fields, Energy Minister Bairamgeldy Nedirov has told potential investors.

Iran Gasoline Demand Drops On Subsidy Elimination

Παρ, 4 Μαρτίου 2011 - 16:44

Iran is set to cut gasoline imports further in the coming months after eliminating energy subsidies, offsetting a seasonal demand uptick, Facts Global Energy says in a research note. Iran's domestic consumption fell 10% on year after the government removed subsidies, so it no longer needs to produce gasoline at petrochemical plants, which tends to be more polluting, it says.

Norway Appoints New Minister Of Petroleum And Energy

Παρ, 4 Μαρτίου 2011 - 16:44

Norway has appointed Ola Borten Moe as its new minister of petroleum and energy, the government said Friday.

Russia Won't Raise Oil Output To Prevent Higher Prices -Report

Παρ, 4 Μαρτίου 2011 - 16:43

Russia won't increase oil production to prevent further price increases due to the crisis in Libya, German magazine WirtschaftsWoche reports in a prerelease Friday, citing Russian Energy Minister Sergei Shmatko.

Nord Stream Secures EUR2.5B Financing For 2nd Pipeline Stage

Παρ, 4 Μαρτίου 2011 - 16:43

Nord Stream AG, the Gazprom (GAZP.RS)-led joint venture building an underwater pipeline from Russia to Germany through the Baltic Sea, said Friday it has secured EUR2.5 billion financing for the second stage of the project.