English Edition

BP Spill Nears An End; Legal Battles Set To Start

Δευ, 9 Αυγούστου 2010 - 14:08

As the BP (BP.LN) spill in the Gulf of Mexico ends, legal battles are now likely to begin, say UBS. Notes the reporting season has seen Transocean, (RIG), Anadarko (APC) and Mitsui (MITSY) reject accruing for their contribution towards the spill.

Iraq July Oil Exports -0.16% On Month At 1.820M B/D - Official

Δευ, 9 Αυγούστου 2010 - 14:08

Iraq's crude oil exports fell in July to 1.820 million barrels a day, or 0.16%, compared with 1.823 million b/d the previous month due to weather disruption in southern export terminals, power cuts, and acts of sabotage against northern export pipeline, an Iraqi oil official said Monday.

European Smart Electricity Market to Reach $25bn by 2020, Report Says

Δευ, 9 Αυγούστου 2010 - 11:54

The smart electricity market in the European Union isexpectedto expand rapidlyin coming years, according toa report by Greenbang, an independentsustainability research house, which sees the meter market hitting between $24bn and $26bn by 2020

GDF, International Power Said to Near Deal on Combining Assets

Δευ, 9 Αυγούστου 2010 - 11:50

GDF Suez SA and International Power Plc are near an agreement that would have France’s second- largest utility take control of the British company with interests in more than 45 power stations, according to two people with knowledge of the matter.

BP Says Macondo Oil Well to Be Permanently Sealed This Month

Δευ, 9 Αυγούστου 2010 - 11:49

BP Plc plans to finish drilling into the base of the Macondo well in the Gulf of Mexico this week so it can pump in mud and cement to permanently plug the source of the world’s biggest offshore accidental oil spill.

Experts Warn Moscow Pollution Levels Remain Too High

Δευ, 9 Αυγούστου 2010 - 11:47

Air pollution in Moscow may have eased on Sunday but levels will continue to exceed the norm for the near future, a specialist at Russia's State Environmental Agency said.

Cost Of Insuring BP Debt Continues To Fall-Markit

Παρ, 6 Αυγούστου 2010 - 18:30

The cost of insuring debt issued by BP PLC (BP.LN) fell again Friday after the company filled its leaking oil well in the Gulf of Mexico with cement, successfully completing the latest stage of its "static kill" operation.

Pakistan State Oil Posts PKR9.05 Bln Net Profit For Last Fiscal Year

Παρ, 6 Αυγούστου 2010 - 18:29

Pakistan State Oil Co. (PSO.KA) said Friday it swung to a net profit for the last fiscal year thanks to a rise in fuel sales and prices.

Turkish Regulator OKs LNG Import License For Turcas Unit - IHA

Παρ, 6 Αυγούστου 2010 - 18:29

Turkish fuel distributor and energy firm Turcas Petrol AS (TRCAS.IS) said Friday that Turkish energy markets regulator EPDK has approved a 10-year liquefied natural gas import licence for its unit Turcas Gaz Toptan Satis A.S., the Ihlas News Agency, or IHA, reported.

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.