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Saudi Aramco Says Raised Oil Capacity, Gas Production In 2009

Saudi Aramco Says Raised Oil Capacity, Gas Production In 2009

Τρι, 15 Ιουνίου 2010 - 17:44

Saudi Arabian Oil Co., the world's biggest oil company, said Tuesday it boosted its recoverable oil and gas reserves in 2009, and raised total crude oil production capacity to 12 million barrel a day, while crude production fell.

President Obama Boosts Oil Price

President Obama Boosts Oil Price

Τρι, 15 Ιουνίου 2010 - 13:20

Moscow’s bourses look set to open with a small gain to reflect yesterday’s positive session in GDRs, albeit that gain will be less than previously expected due to the late sell-off in the US markets and Moody’s reminder that Greece’s debt problems are far from resolved. The ruble should also see a small opening gain with oil trading above $75 p/bbl again in Asia.

Motor Oil: Competition Committee Approves Shell Acquisition

Motor Oil: Competition Committee Approves Shell Acquisition

Τρι, 15 Ιουνίου 2010 - 13:17

The competition committee approved on Friday the acquisition of Shell Hellas from Motor Oil. However, the committee said that Shell and Avin will have to reduce their market share to 55% in two Greek counties (Ioannina and Kefalonia), which was more or less expected.

BP May Lose U.S. Oil Leases, Contracts After Spill

BP May Lose U.S. Oil Leases, Contracts After Spill

Τρι, 15 Ιουνίου 2010 - 13:12

BP Plc may lose control of its U.S. oil and natural gas wells and be barred from doing business with the federal government as punishment for the worst oil spill in U.S. history, industry and regulatory analysts said.

EU Climate Chief, EIB To Explore Joint Climate Finance Initiative

EU Climate Chief, EIB To Explore Joint Climate Finance Initiative

Δευ, 14 Ιουνίου 2010 - 18:36

European Climate Action Commissioner Connie Hedegaard and the European Investment Bank Monday agreed to explore a joint climate finance initiative for developing countries as part of EU commitments made at last year's Copenhagen conference.

BP Makes Plan To Capture 50,000 Bbl/Day Of Leak

BP Makes Plan To Capture 50,000 Bbl/Day Of Leak

Δευ, 14 Ιουνίου 2010 - 18:35

Oil continues to flow into the Gulf of Mexico from BP PLC's (BP) Macondo well, affecting hundreds of miles of coastal beaches and marshes in Louisiana, Mississippi, Alabama and Florida. The spill was triggered by an explosion on April 20 that destroyed the Transocean Ltd. (RIG) drilling platform Deepwater Horizon, killing 11 crew members.

Greenpeace Activists Break Into Swedish Nuclear Plant

Greenpeace Activists Break Into Swedish Nuclear Plant

Δευ, 14 Ιουνίου 2010 - 18:33

As many as 30 Greenpeace activists broke into a Swedish nuclear plant Monday, demanding that parliament this week vote against allowing new nuclear facilities to be built, the group and police said.

Undersea Reservoir to Store Gas

Undersea Reservoir to Store Gas

Δευ, 14 Ιουνίου 2010 - 17:09

A platform can be seen above Aegean Energy’s planned 400-million-euro gas reservoir. The converted gas field will be connected to onshore facilities via a 36-kilometer pipeline that can pump gas to or from the storage area.

Oil Nations Block Switch to 1.5°C Climate Goal

Oil Nations Block Switch to 1.5°C Climate Goal

Δευ, 14 Ιουνίου 2010 - 13:54

Two weeks of climate talks in Bonn saw developing countries launch a new push to agree on stricter targets for halting global warming, only for the deal to be killed by Saudi Arabia. The blow came as new data showed that loopholes in pledges would allow rich countries to increase their emissions. EurActiv reports from Bonn.

BP May Lose U.S. Oil Leases, Contracts as Gulf Spill Punishment

BP May Lose U.S. Oil Leases, Contracts as Gulf Spill Punishment

Δευ, 14 Ιουνίου 2010 - 13:53

BP Plc may lose control of its U.S. oil and natural gas wells and be barred from doing business with the federal government as punishment for the worst oil spill in U.S. history, industry and regulatory analysts said.

Gazprom, DESFA sign pipeline deal

Gazprom, DESFA sign pipeline deal

Παρ, 11 Ιουνίου 2010 - 19:59

Plans to build the South Stream natural gas pipeline project moved forward yesterday with the signing of a deal in Moscow for the Greek leg of the energy project. Russian gas giant Gazprom and Greece's grid operator DESFA signed a deal to build the Greek section of the Russian-led gas pipeline, the companies said in a joint statement

No Russian Missile Sale To Iran - French Official

No Russian Missile Sale To Iran - French Official

Παρ, 11 Ιουνίου 2010 - 18:09

Russian Prime Minister Vladimir Putin told President Nicolas Sarkozy on Friday that Moscow will not sell air defense missiles to Iran in line with U.N. sanctions, a French official said.