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Ukrainian PM Hopes to Review Gas Contract with Russia

Ukrainian PM Hopes to Review Gas Contract with Russia

Τετ, 25 Αυγούστου 2010 - 14:18

The Ukrainian government plans to suggest a review of the Russian-Ukrainian gas contract, which provides for a quarterly change in Ukraine's gas price, Ukrainian Prime Minister Mykola Azarov said on Wednesday.

Hellenic Petroleum Results: 2Q Net Income at 16m

Hellenic Petroleum Results: 2Q Net Income at 16m

Τρι, 24 Αυγούστου 2010 - 18:06

Despite the adverse macroeconomic environment and weak local market conditions, the Group reported a 'strong set of results' for the second quarter and first half of 2010. The positive results are mainly due to Refining, Supply and Trading which benefited from improved international benchmark refining margins, a stronger USD and the impact of a series of cost control measures initiated over the last 18 months.

France To Seek Tenders For Wind Farm Project

France To Seek Tenders For Wind Farm Project

Τρι, 24 Αυγούστου 2010 - 18:03

The French government is preparing to call for tenders for a massive offshore wind-farm project requiring an investment of between EUR15 billion and EUR20 billion, reports Les Echos, citing government sources.

OPEC To Invest 40Bln In Refining Capacity Expansion

OPEC To Invest 40Bln In Refining Capacity Expansion

Τρι, 24 Αυγούστου 2010 - 18:02

Members of the Organization of Petroleum Exporting Countries, or OPEC, will be investing heavily in downstream activities over the coming years despite uncertainty about the global economic climate, OPEC Secretary General Salem El-Badri said in the latest OPEC Bulletin.

Japans Gasoil Exports to Reach Record as Refineries Increase Production

Japans Gasoil Exports to Reach Record as Refineries Increase Production

Τρι, 24 Αυγούστου 2010 - 18:01

Gasoil exports from Japanese refiners may rise to a record this month after plants return from maintenance and boost processing amid increased demand for fuel as temperatures soar.

Rig Survivor Blames BPs Well Design

Rig Survivor Blames BPs Well Design

Τρι, 24 Αυγούστου 2010 - 18:01

BP Plc’s ‘screwed-up’ well design caused the Gulf of Mexico explosion that killed 11 workers and created the worst oil spill in U.S. history, a Transocean Ltd. rig supervisor who barely survived the disaster says.

Kuwait Concerned Over Irans Bushehr Nuclear Plant

Kuwait Concerned Over Irans Bushehr Nuclear Plant

Τρι, 24 Αυγούστου 2010 - 18:00

Kuwait has expressed safety concerns over Iran's new nuclear reactor on the opposite side of the Gulf, fearing fallout from possible leaks, the official news agency KUNA reported.

Cairn Greenland Gas Development A Long Shot

Cairn Greenland Gas Development A Long Shot

Τρι, 24 Αυγούστου 2010 - 17:59

If Cairn Energy (CNE.LN) were to continue finding gas off Greenland, commercial development would be unlikely, says Bernstein Research.

China, South Africa Sign Deals To Deepen Ties In Resources, Energy

China, South Africa Sign Deals To Deepen Ties In Resources, Energy

Τρι, 24 Αυγούστου 2010 - 17:58

China and South Africa on Tuesday signed a raft of commercial deals in mining, finance, nuclear energy and other sectors during a visit by South African President Jacob Zuma, as Beijing strengthens its commercial ties with Africa's largest economy.

Venezuela Sets 5-Year Plan To Reduce Reliance On Hydropower

Venezuela Sets 5-Year Plan To Reduce Reliance On Hydropower

Τρι, 24 Αυγούστου 2010 - 17:57

Venezuela plans to sharply reduce its reliance and hydropower over the next five years while increasing its use of thermoelectric power to take advantage of its hefty reserves of oil and gas.

Bulgaria Needs Different Sources for Gas Price Drop

Bulgaria Needs Different Sources for Gas Price Drop

Τρι, 24 Αυγούστου 2010 - 14:43

The price of natural gas might drop by 16% but only if Bulgaria managed to diversify its sources, according to the Balkan and Black Sea Oil and Gas Association.

Russia May Build Chinese Pipeline Before South Stream

Russia May Build Chinese Pipeline Before South Stream

Τρι, 24 Αυγούστου 2010 - 13:40

Russian energy giant Gazprom may build a gas pipeline from Russia to China before it implements the South Stream project, planned for gas transportation across the Black Sea, a business daily said on Tuesday.

China July Coal Imports Ease To 13 Mln Tons

China July Coal Imports Ease To 13 Mln Tons

Δευ, 23 Αυγούστου 2010 - 18:25

China's coal imports in July fell 5.9% on year to 13.09 million metric tons, data issued Monday by the General Administration of Customs showed.

Cairn India Finds Oil, Gas At Krishna-Godavari Basin Well

Cairn India Finds Oil, Gas At Krishna-Godavari Basin Well

Δευ, 23 Αυγούστου 2010 - 18:25

Cairn India Ltd. (532792.BY) said Monday unit Cairn Energy India Pvt. Ltd. has found oil and gas at an onshore block in the Krishna-Godavari basin in eastern India.

Belarus Eyes Latvia As New Route For Venezuelan Oil - Minister

Belarus Eyes Latvia As New Route For Venezuelan Oil - Minister

Δευ, 23 Αυγούστου 2010 - 18:24

Landlocked Belarus is eying Latvia as its latest possible route to import oil from Venezuela, Foreign Minister Sergei Martynov said Monday, as it seeks to reduce its reliance on neighboring Russia.

Iraq-Turkey Oil Flow On Hold Since Thursday -Shippers

Iraq-Turkey Oil Flow On Hold Since Thursday -Shippers

Δευ, 23 Αυγούστου 2010 - 18:24

The flow of crude oil from Iraq's Kirkuk oil fields to Turkey's Mediterranean export terminal of Ceyhan has been on hold since Thursday, two Middle East shipping agents said Monday.