English Edition

BP Expected To Start Libya Drilling In November

BP Expected To Start Libya Drilling In November

BP PLC (BP) expects its deepwater drilling activities in Libya to begin by November, after initially planning to begin operation in October, Libya's top oil official told Dow Jones Newswires on the sidelines of the Oil & Money Conference in London.

Wind Could Provide 20 pct of World Power by 2020: Study

Wind Could Provide 20 pct of World Power by 2020: Study

Wind power could meet about a fifth of the world's electricity demand within 20 years, an industry group and environmental watchdog Greenpeace predicted in a new report released Tuesday.

Russias Oil Export Duty May Rise to $289-292 per T from Nov. 1

Russia's Oil Export Duty May Rise to $289-292 per T from Nov. 1

Russia's oil export duty may rise to $289-292 from the current $266.5 per ton from November 1, while export duties on East Siberian oil may increase to $98-100 from the current $82.1 per ton, the Finance Ministry said on Tuesday.

Poland, Russia Gas Deal Might Be Imminent, Concerns Remain

Poland, Russia Gas Deal Might Be Imminent, Concerns Remain

The European Commission, Poland and Russia might reach an agreement on natural gas supplies, and the rules to run a gas pipeline, in the next ten days, although there are still some elements of concern, a commission spokeswoman said Monday.

Libya Oil Head Wants To See Oil At $100/Bbl By Yr-End

Libya Oil Head Wants To See Oil At $100/Bbl By Yr-End

Libya's top oil official said Organization of Petroleum Exporting Countries won't change output quotas when they meet in Vienna this week but stressed that he wants to see crude oil at $100 a barrel by year-end as rising commodity prices erode the group's terms of trade.

Enel Chairman: Will List 30% Of Green Power Unit -Report

Enel Chairman: Will List 30% Of Green Power Unit -Report

Italian energy company Enel SpA (ENEL.MI) plans to list 30% of its green power unit, therby keeping a solid majority and ensuring operational control of the company, Enel chairman Piero Gnudi said Monday in an interview with Italian daily Il Giornale.

Oettinger Plans EU Deepwater Drilling Ban

Oettinger Plans EU Deepwater Drilling Ban

Europe's energy chief will this week call for a temporary ban on new deepwater drilling for oil until a probe is completed into the causes of BP's spill in the Gulf of Mexico, a draft document shows.

EU Sees Aviation Deal as Green Light for Emissions Trading

EU Sees Aviation Deal as Green Light for Emissions Trading

A deal struck by the International Civil Aviation Organisation (ICAO) on capping emissions from international aviation paves the way for swift inclusion of aviation in the EU's emissions trading scheme, the European Commission said on Saturday (9 October).

North Korea Forging Ahead With Uranium Weapons Work -Study

North Korea Forging Ahead With Uranium Weapons Work -Study

North Korea is forging ahead with work to enrich uranium for nuclear weapons, which could add to its atomic arsenal and raise the risk it will sell nuclear know-how abroad, a study said Friday.

OMV To Invest EUR600M Turkish Power Plant

OMV To Invest EUR600M Turkish Power Plant

Austrian oil and gas company OMV AG (OMV.VI) is to invest EUR600 million on building its first combined-cycle power plant in Turkey, the company said Friday.

Total, Shell Keep Line Open With Tehran Despite US Claim-Sources

Total, Shell Keep Line Open With Tehran Despite US Claim-Sources

Total SA (TOT) and Royal Dutch Shell PLC (RDSB.LN) discreetly contacted Iranian authorities last week, seeking to reassure the Islamic Republic after telling the U.S. they have no plans for further investments for now, people familiar with the matter said in recent days.

Shah Deniz Consortium To Shortlist Gas Buyers By Year-End-Source

Shah Deniz Consortium To Shortlist Gas Buyers By Year-End-Source

The consortium of energy companies developing the second phase of Azerbaijan's offshore natural gas field Shah Deniz is likely to shortlist buyers for the gas by the end of the year, a person familiar with the negotiation told Dow Jones Newswires.