English Edition

KazMunaiGas Joins Shell In Kashagan Production Ops

Παρ, 23 Ιουλίου 2010 - 16:45

Kazakhstan state oil and gas company KazMunaiGas said Friday that it has signed an agreement to join a Royal Dutch Shell PLC (RDSA) subsidiary responsible for managing production at the giant Kashagan oil field in the Caspian Sea.

Iran, China Discuss Using Yuan To Settle Oil Trades - Reuters

Παρ, 23 Ιουλίου 2010 - 16:44

Iran and China are in talks to use the yuan to settle sales and purchases, Reuters reported Friday, citing unnamed sources.

Vitol to Build Oil Products Terminal in Cyprus

Παρ, 23 Ιουλίου 2010 - 12:55

Vitol, the world's largest energy trader, plans to build an oil import and distribution terminal in Cyprus, it said on Thursday.Vitol Tank Terminals International (VTTI), a wholly owned subsidiary of Vitol Group, said it expects the project to be completed by 2012 at an initial cost of more than 100 million euros ($127.6 million).

Airbus Interview: Green Air Travel of the Future

Παρ, 23 Ιουλίου 2010 - 10:05

Airbus used the Farnborough Airshow to launch its Fly Your Ideas competition, inviting students to develop their ides for greener air travel. The aerospace giant has also produced a report,The Future, speculating on how aircraft and airports might be designed in 2050 and beyond.

UN Lists Post-Kyoto Options if No Climate Deal

Παρ, 23 Ιουλίου 2010 - 10:04

The UN's climate agency has for the first time detailed contingency options if the world cannot agree a successor to the Kyoto Protocol, whose present round expires in 2012 with no new deal in sight.

Russian Govt to Hold Tender for Trebs, Titov Oil Deposits This Year

Παρ, 23 Ιουλίου 2010 - 10:02

The Russian government will hold a tender for the Trebs and Titov oil deposits in the north of the country in the fourth quarter of 2010, the government's website said on Thursday.

Vestas Wind Systems Gets 570MW Order In California

Πεμ, 22 Ιουλίου 2010 - 16:53

Vestas Wind Systems said late Wednesday it has received a 570MW order for 190 V90-3.0 MW turbines for Terra-Gen's Alta Wind Energy Center near Tehachapi, California, U.S.A.

Russia Oil Tax Hike Immaterial To Companies

Πεμ, 22 Ιουλίου 2010 - 16:52

A hike in mineral extraction tax on crude oil as proposed by Russia's finance ministry Wednesday is "unlikely to have a material effect on oil companies," but "could deprive the oil sector of the long-awaited tax-reform catalyst," says Alfa Bank.

Iraq Asks BP To Alter Rumaila Field Signature Bonus

Πεμ, 22 Ιουλίου 2010 - 16:52

The Iraqi oil ministry has asked BP PLC (BP) and its partner China National Petroleum Corp., or CNPC, to change the signature bonus for the Rumaila oil field to unrecoverable but at a reduced sum from the proposed recoverable soft loan, a senior Iraqi oil official said Thursday.

India Starts Talks To Buy BP Stake In Vietnam Gas Block

Πεμ, 22 Ιουλίου 2010 - 16:51

India Thursday began talks with Vietnam over the possibility of Oil & Natural Gas Corp. (500312.BY) acquiring BP PLC's (BP) stake in a gas block in the southeast Asian nation, as the world's second-fastest growing major economy seeks to secure more petroleum assets worldwide.

Hungary, Croatia Sign Agreement On Gas Transport Network

Πεμ, 22 Ιουλίου 2010 - 16:51

Hungary and Croatia signed Thursday an agreement on establishing a gas-transport network between the two countries.

EVN to Get Majority Stake in Bulgaria Hydro Project

Πεμ, 22 Ιουλίου 2010 - 13:34

Austrian utility EVN signed on Monday a deal with Bulgaria's state power utility NEK to take a majority stake in a 500-million-euro ($648.8 million) Bulgarian hydropower project.

Bulgarians to Build Wind Farm in 2011

Πεμ, 22 Ιουλίου 2010 - 13:33

Bulgaria’s Ecosource Energy will partner with WinWinD, based in Espoo, Finland, to develop the Murgash Windfarm project, 45 kilometers (28 miles) northeast of Sofia, Bulgaria, where Ecosource is headquartered. Construction of the project, which has been delayed several times, is now expected to begin in the first quarter of 2011.