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Tullow, Centric Energy To Explore Oil In Northern Kenya -Paper

Παρ, 6 Αυγούστου 2010 - 18:29

Centric Energy Corp. (CTE.V) has signed an agreement with Tullow Oil PLC (TLW.LN) for a joint oil and gas exploration in northern Kenya block 10BA, the Daily Nation newspaper reports Friday.

Cyprus Power Needs Grow in Heat Wave

Παρ, 6 Αυγούστου 2010 - 15:22

The Electricity Authority of Cyprus (EAC) may have to increase production capacity by 225 megawatts by 2019 after a surge in demand, the authority’s general director, Stelios Stylianou, said. A heat wave in Cyprus since July 31, with temperatures reaching 46 degrees Celsius (115 degrees Fahrenheit), saw demand peak at 1,148 megawatts, 50 megawatts above the same period last year, Stylianou told reporters at the Vassiliko power station yesterday.

Power Plants Not For Sale

Παρ, 6 Αυγούστου 2010 - 15:20

Environment, Energy and Climate Change Minister Tina Birbili yesterday categorically ruled out the possibility of the debt-ridden government selling a huge chunk of the Public Power Corporation’s (PPC) production facilities as part of a liberalization program aimed at improving competitiveness.

Turkey to Continue Trade with Iran

Παρ, 6 Αυγούστου 2010 - 13:47

Turkey's Energy Minister Taner Yildiz said oil trade with Iran would continue and added that the United Nations' sanctions imposed no restrictions on energy trade with Iran.

Democrats Propose End to Big Oil Tax Break

Παρ, 6 Αυγούστου 2010 - 13:46

US Senate Democrats have proposed repealing a tax break for the largest oil companies operating in the US, starting from 31 December this year.

Multinational Oil, The US and Nigeria: A Crude Contrast

Παρ, 6 Αυγούστου 2010 - 13:26

The 20 April explosion of BP’s Deepwater Horizon oil rig has given rise to a terrible ecological disaster, proving devastating for wildlife, ecosystems and people’s livelihoods across much of the Gulf of Mexico. The explosion claimed the lives of 11 workers, and an estimated 200,000 gallons per day of oil has been spilling out of the damaged rig despite BP’s efforts to contain the environmental mess.

Bulgarian Govt Grants Melrose 10 Year Gas Concession

Παρ, 6 Αυγούστου 2010 - 13:17

Bulgaria’s Cabinet has granted a ten-year concession for the extraction of natural gas to the UK company Melrose Resources. The concession refers to the Kavarna deposit. Last week the government and Melrose announced the discovery of new natural gas deposits in the Black Sea off the northern Bulgarian coast, whose extraction is expected to bring down the natural gas prices in the country.

BP Offers Asian, Venezuelan Projects to Rosneft, TNK-BP Vedomosti Reports

Παρ, 6 Αυγούστου 2010 - 13:17

BP Plc’s incoming Chief Executive Officer Robert Dudley offered to sell projects in Vietnam, Pakistan and Venezuela to OAO Rosneft and TNK-BP, Vedomosti said today, citing an unnamed official closed to the British company.

Russia May Redirect More Crude To Asia

Πεμ, 5 Αυγούστου 2010 - 18:36

More Russian crude oil exports could be redirected to Asia from Europe, when construction of a new pipeline link to China is finished, says JBC Energy. Notes Russian crude exports via the Black and Baltic Seas fell by a combined 230,000 barrel/day in 1H '10, while exports via Kozmino rose by 290,000 barrel/day.

ECB, EU, IMF: Greece Met Its Targets For 1H 2010

Πεμ, 5 Αυγούστου 2010 - 18:35

Greece has met all of its targets under the austerity plan laid out for it by the European Union and International Monetary Fund, and should receive its next tranche of financial aid as scheduled, pending final reviews, the EU, IMF and European Central Bank said in a joint statement Thursday.

Ahmadinejad Says Iran Building Three-stage Rocket

Πεμ, 5 Αυγούστου 2010 - 18:34

President Mahmoud Ahmadinejad said Iran is working on a three-stage rocket to carry a satellite 1,000 kilometers into space, Fars news agency reported Thursday.

Romania's Romgaz 1H Net Profit Falls 30% To RON226M - Mediafax

Πεμ, 5 Αυγούστου 2010 - 18:34

Romanian leading natural gas producer and distributor Romgaz Thursday reported a 30% drop in its first-half net profit to 225.7 million lei ($70 million), hurt by higher expenses, news agency Mediafax reported.

Enel To Invest EUR300 Mln In Brindisi Environmental Projects

Πεμ, 5 Αυγούστου 2010 - 18:33

Enel SpA (ENEL.MI) said Thursday it has reached an agreement with Italy's environment ministry that allows it to invest EUR300 million in projects aimed at reducing pollution in an industrialized area in the south of the country.