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Russian Oil Tanker Seized By Somali Pirates

Russian Oil Tanker Seized By Somali Pirates

Τετ, 5 Μαΐου 2010 - 18:34

Somali pirates seized control of an oil-laden Russian tanker in the Gulf of Aden early Wednesday, the European Union's anti-piracy mission said. The 106,000 metric ton Moscow University was "hijacked approximately 350 nautical miles east of Socatra," the Yemeni island off the Somali coast, as it made its way out of the Gulf bound for China, EUNAVFOR said.

XTO Energy 1Q Profit Falls 32% As Prices Fall, Costs Rise

XTO Energy 1Q Profit Falls 32% As Prices Fall, Costs Rise

Τετ, 5 Μαΐου 2010 - 18:33

XTO Energy Inc.'s (XTO) first-quarter earnings fell 32% as the natural-gas producer was hurt by lower prices during what was likely its last quarter as an independent company. Still, profit beat analysts' expectations.

Statoil: US Oil Spill To Have Impact On All Companies

Statoil: US Oil Spill To Have Impact On All Companies

Τετ, 5 Μαΐου 2010 - 18:33

The oil spill from a BP PLC (BP) well in the Gulf of Mexico will have an impact on all companies operating in the region, including the likelihood of tighter regulations and slower opening of new exploration areas, Statoil ASA's (STO) Chief Financial Officer, Eldar Saetre, said Wednesday.

Gulf Oil Spills Worst-Case Seen At 40,000-60,000 Barrels/Day

Gulf Oil Spill's Worst-Case Seen At 40,000-60,000 Barrels/Day

Τετ, 5 Μαΐου 2010 - 18:32

As much as 40,000 to 60,000 barrels of oil a day could spill into the Gulf of Mexico from a leaking BP PLC (BP, BP.LN) deepwater well under the worst cases envisioned by company officials, a lawmaker said on Tuesday.

Statoil First-Quarter Profit Triples on Gain in Crude Oil Prices, Output

Statoil First-Quarter Profit Triples on Gain in Crude Oil Prices, Output

Τετ, 5 Μαΐου 2010 - 13:04

Statoil ASA, Norway’s largest oil and gas company, said first-quarter profit tripled as crude prices surged and production increased. Net income rose to 11.1 billion kroner ($1.8 billion), or 3.49 kroner a share, from 3.67 billion kroner, or 1.15 kroner, a year earlier

Greenland Oil Rush Looms as Exxon Eyes Cairn’s Bet

Greenland Oil Rush Looms as Exxon Eyes Cairn’s Bet

Τετ, 5 Μαΐου 2010 - 13:02

Cairn Energy Plc is betting $400 million this year on striking oil off Greenland, a campaign that will be closely watched by producers such as Exxon Mobil Corp. and Chevron Corp. that hold rights off the island.

U.S. Oil Spill Hurting Energy Moves in Congress

U.S. Oil Spill Hurting Energy Moves in Congress

Τετ, 5 Μαΐου 2010 - 12:57

The massive, uncontrolled oil spill in the Gulf of Mexico is roiling President Barack Obama's carefully laid plans to open up America's coasts to drilling again, while rattling Congress to a point where the oil industry's exploratory plans could face a big shake-up.

RWE: Nabucco Gas Supply Deals Now Unlikely In 1H 2010

RWE: Nabucco Gas Supply Deals Now Unlikely In 1H 2010

Τρι, 4 Μαΐου 2010 - 17:50

German utility RWE AG (RWE.XE), a member of the consortium that plans to build the natural gas pipeline Nabucco, said Tuesday it no longer expects gas supply deals with Azerbaijan and Turkmenistan will be signed in the first half of 2010 in light of pending political agreements.

Russias Transneft Says Ukraine Oil Transit Fees Too High

Russia's Transneft Says Ukraine Oil Transit Fees Too High

Τρι, 4 Μαΐου 2010 - 17:49

The head of Russia's state-controlled oil-pipeline operator has complained to Prime Minister Vladimir Putin that Ukraine's oil-transit fees are too high. "There are, of course, some problems with transit to Ukraine," OAO Transneft's (TRNFP.RS) chief, Nikolai Tokarev, said, according to comments posted on the government's website.

Report On French Nuclear Industry Due By Mid-May -Source

Report On French Nuclear Industry Due By Mid-May -Source

Τρι, 4 Μαΐου 2010 - 17:48

A report commissioned by French president Nicolas Sarkozy on the future of France's nuclear industry will focus on cooperation among national champions to ensure success winning overseas contracts, a person close to the French government told Dow Jones Newswires Tuesday.

Mongolia Could Decide Soon On Uranium JV With Russia - Report

Mongolia Could Decide Soon On Uranium JV With Russia - Report

Τρι, 4 Μαΐου 2010 - 17:48

The government of Mongolia will make a decision soon on establishing a joint venture with Russia to develop a Mongolian uranium deposit, reports the RIA Novosti news service Tuesday, citing the head of the Russian civilian nuclear-power corporation, Rosatom.