English Edition

GE To Buy Dresser For $3 Billion In Latest Energy Deal

Τετ, 6 Οκτωβρίου 2010 - 18:57

General Electric Co. (GE) has agreed to Dresser Inc., a maker of energy infrastructure products, for $3 billion from investors led by private-equity firms Riverstone Holdings LLC and the Carlyle Group LP.

BP Set To Sign Gas Field Deal With Azerbaijan's Socar

Τετ, 6 Οκτωβρίου 2010 - 18:56

BP PLC (BP) is set to sign a deal with Azerbaijan national oil company Socar on Thursday to develop a huge natural gas field in the Caspian Sea, according to a person familiar with the matter.

Brazil Petrobras To Produce 500,000 Bbl/D Oil Offshore Espirito Santo By 2015

Τετ, 6 Οκτωβρίου 2010 - 18:56

Brazilian state-controlled oil and gas producer Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, said Wednesday it expects to produce 500,000 barrels a day from offshore Espirito Santo state by 2015, up from about 10,000 barrels a day in 2000.

Turkey and Syria Join Forces to Explore Oil in Syria

Τετ, 6 Οκτωβρίου 2010 - 16:30

Taner Yildiz, Turkey’s Minister of Energy and Natural Resources, said a joint oil company has been established by Turkey and Syria and that explorations will be carried out in seven oil fields in Syria.

Russia On Track for New Arctic Bid in 2013

Τετ, 6 Οκτωβρίου 2010 - 14:26

Russia will submit a well substantiated claim to oil- and gas-rich Arctic territories at the UN in 2013, famous polar explorer Artur Chilingarov said on Tuesday.

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.