LUKoil Vice President Says no Plans to Buy Italian Club Roma Τετ, 6 Οκτωβρίου 2010 - 14:25 The vice president of Russia's biggest oil firm LUKoil, Leonid Fedun has dismissed speculation that he wants to buy the Italian club Roma.
TNK-BP Set to Buy BP Algerian Assets in Foreign Expansion Τετ, 6 Οκτωβρίου 2010 - 14:24 TNK-BP, the venture between BP Plc and Russian billionaires, will look to acquire the London-based company’s Algerian fields to accelerate overseas expansion.
Desertec Looks to Secure Route to African Solar Farms Τετ, 6 Οκτωβρίου 2010 - 14:23 The high profile Desertec solar project has moved a step closer towards delivering on its ambitious plans for solar thermal power plants across the North African desert that could one day supply Europe with energy.
Oil India To Raise Natural Gas Output 67% By March 2013 - Executive Τρι, 5 Οκτωβρίου 2010 - 18:55 Oil India Ltd. (533106.BY) plans to raise its domestic natural gas production by about two-thirds to 10 million metric standard cubic meters a day by March 2013 to meet growing demand for the cleaner fuel, its finance director said Tuesday.
Russia: Militants Plan Maritime Oil-Transport Hub Attack-Report Τρι, 5 Οκτωβρίου 2010 - 18:55 Militant organizations are planning attacks against infrastructure around key maritime oil transport hubs like the Suez Canal and Straits of Hormuz, a top Russian official said Tuesday.
China To Become Aggressive In Resources Search-Think Tank Τρι, 5 Οκτωβρίου 2010 - 18:54 China is set to become increasingly aggressive in its drive to find natural resources, and now has the cash to do so, a senior fellow at think tank Chatham House said Tuesday.
Enel Green Unit EUR10.5B In IPO Premarketing Value Τρι, 5 Οκτωβρίου 2010 - 18:54 The renewables energy unit that Enel SpA (ENEL.MI) is planning to sell in coming weeks is valued at EUR10.5 billion in the pre-marketing phase, said a person familiar with the matter Tuesday.
Medvedev's Mediterranean Tour To Focus On Energy, Politics Τρι, 5 Οκτωβρίου 2010 - 18:54 Russian President Dmitry Medvedev Wednesday begins a three-day Mediterranean tour during which he will seek to forge closer economic and political ties with Algeria and European Union member Cyprus.
Norway 2010 Oil Output To Fall 5% To 2.2 Million B/D - Ministry Τρι, 5 Οκτωβρίου 2010 - 18:53 Norway's total oil production is expected to fall to 2.2 million barrels a day in 2010, down 5% from 2009, the country's Ministry of Petroleum and Energy said Tuesday.
Iberdrola, Enel May Dodge Cuts as Spain Plans Sale Τρι, 5 Οκτωβρίου 2010 - 16:26 The Spanish government’s plan to sell about 14 billion euros ($19 billion) of bonds to pay debt owed to the country’s biggest power companies may helpIberdrola SAandEnel SpAavoid credit-rating downgrades.
GDF Suez Exec Sees 2011 Global Natural Gas Supply Above Demand Δευ, 4 Οκτωβρίου 2010 - 18:37 Natural gas prices are likely to remain depressed next year because of a high level of supply compared with demand in the industry, GDF Suez executive vice president Jean Marie Dauger said Monday.
Petronas 1Q Net Profit Up 60%, But Expects Headwinds In 2H Δευ, 4 Οκτωβρίου 2010 - 18:37 Malaysian state oil corporation Petroliam Nasional Bhd. (PET.YY) said Monday that first-quarter net profit rose 60% from a year earlier on higher oil prices and cost-cutting measures, but warned of a sequentially weaker second half on concerns over a weak global economy.
GE Wins $700 Million Power Plant Supply Deal In Saudi Arabia Δευ, 4 Οκτωβρίου 2010 - 18:36 General Electric Co. (GE) said that Monday it signed agreements worth about $700 million to supply Saudi Arabia with equipment related to the construction of a gas-fired power plant.
Ecopetrol CEO: Sees Total Oil Production At 750,000 Bbl/D In 2011 Δευ, 4 Οκτωβρίου 2010 - 18:36 Ecopetrol SA (EC, ECOPETROL.BO), Colombia's state-owned oil company, plans to increase oil production to up to 750,000 barrels a day in 2011, Chief Executive Javier Gutierrez Pemberthy said Monday.
Eurobonds: BP Launches Two-Part Euro Deal After Success In US Δευ, 4 Οκτωβρίου 2010 - 18:36 BP PLC (BP) Monday launched its first euro-denominated bond since capping its leaking oil well in the Gulf of Mexico, as primary issuance picked up on a steady credit market environment.
Russia Oil Output May Go Higher After New Record In Sept Δευ, 4 Οκτωβρίου 2010 - 18:35 Russian oil output reached a new post-Soviet high in September, continuing to perform against expectations this year, and some analysts are now saying the world's biggest energy supplier could boost production further in the coming years.