English Edition

BTC Oil Pipeline Scheduled To Pump 19M Barrels In Feb

Δευ, 11 Ιανουαρίου 2010 - 17:37

The Baku-Tbilisi-Ceyhan oil pipeline is expected to pump 19 million barrels of crude oil in February, 3.6 million barrels less than the January program, a crude oil trader said Monday.

Oil Hits New 15-month High on Demand, Dollar

Δευ, 11 Ιανουαρίου 2010 - 17:34

Oil prices stood above $83 a barrel on Monday, after earlier hitting a fresh 15-month high, supported by data showing China's crude oil imports surged by nearly 25 percent in December and as the dollar weakened.

China Trade Rebound Aids Global Economic Recovery

Δευ, 11 Ιανουαρίου 2010 - 17:30

China’s exportssurged in December and imports rose to a record in a stronger-than-forecast trade rebound that may lessen the case for governments to sustain stimulus programs this year. Exports climbed 17.7 percent from a year earlier, the first increase in 14 months, and imports jumped 55.9 percent, the customs bureau said on its Web site yesterday.

PPC Turns to Private Sector for RES Projects

Δευ, 11 Ιανουαρίου 2010 - 17:26

Public Power Corporation (PPC) is planning to make a major shift to renewable energy sources through joint projects with the private sector. Sources from the company suggested that only by employing such partnerships could the country could meet its binding targets for RES penetration by 20 percent by 2020.

UK Awards Huge Offshore Wind Projects, Advances Renewables

Παρ, 8 Ιανουαρίου 2010 - 18:38

The United Kingdom Friday took a step forward in boosting offshore wind power capacity, enhancing energy security and meeting emissions targets as it announced successful bidders to develop 32 gigawatts of offshore wind energy.

Iraq Announces Spot Offer To Sell Basra Light Crude

Παρ, 8 Ιανουαρίου 2010 - 18:34

Iraq's State Oil Marketing Organization, known as SOMO, has announced an offer to sell 3 million barrels of Basra light crude on the spot market for loading in March, the first such move in decades, an Iraqi oil official said Friday.

German Nov Industrial Output Up But Trend To Weaken

Παρ, 8 Ιανουαρίου 2010 - 18:33

German industrial production rebounded in November from October but the upward trend is expected to weaken as orders remain subdued, partly due to lower demand for cars, the economics ministry said Friday.

RWE Plans To Invest Around EUR1B In German Offshore Wind Farm

Παρ, 8 Ιανουαρίου 2010 - 18:33

German utility RWE AG (RWE.XE) said Friday it plans to invest around EUR1 billion in the construction of an offshore wind farm in the German part of the North Sea.

Uganda To Issue Tender For 5 Oil Blocks In 2010 - Official

Παρ, 8 Ιανουαρίου 2010 - 18:32

Uganda is set to issue an international tender for the five remaining exploration oil blocks in the Albertine Graben later this year as it seeks to establish the exact size of its oil reserves, a senior government official said Friday.

RWE: Investment For UK Wind Farms To Be Around EUR12B

Παρ, 8 Ιανουαρίου 2010 - 18:32

German utility RWE AG (RWE.XE) expects a total investment volume of around EUR12 billion for two offshore wind farms for which the U.K. government Friday awarded RWE and its partners construction licenses.

Statoil Executive: UK Offshore Wind Is Clear Extension For Co

Παρ, 8 Ιανουαρίου 2010 - 18:31

Entering the U.K. offshore wind sector is a natural extension for Norwegian oil and gas major Statoil ASA (STO), the world's largest offshore operator, company executive Anne Lycke said Friday.

Aegean Marine Inks Deal to Expand in ARA Region

Παρ, 8 Ιανουαρίου 2010 - 13:53

Aegean Marine Petroleum Network has agreed to acquire Verbeke Bunkering NV, a bunker operator, or supplier of marine fuel, in the Netherlands, for an undisclosed amount.

Rising Energy Prices Drive OECD Inflation

Πεμ, 7 Ιανουαρίου 2010 - 20:04

Rising energy prices confirmed the developed world's emergence from a period of deflation in November, but the prices of most goods and services rose at a slower pace.

Uganda Oil Reserves In 3 Blocks Could Hit 6B Barrels

Πεμ, 7 Ιανουαρίου 2010 - 20:04

Oil reserves in Uganda's three blocks along the Lake Albert basin could be at least 6 billion barrels up from the current estimate of 2 billion barrels once appraisals are completed in around two years time, the energy minister told Dow Jones Newswires Thursday.

Barclays Raises Big Oil '10 Profit Forecast But Cuts Refiners

Πεμ, 7 Ιανουαρίου 2010 - 20:03

Barclays Capital is raising its earnings-per-share forecast for integrated oil companies by an average of 9% in 2010, while reducing its EPS forecast for refiners by an average of 69% in the same period.

Gazprom: Ukraine Naftogaz Fully Paid For December Gas

Πεμ, 7 Ιανουαρίου 2010 - 20:02

Russian energy giant OAO Gazprom (GAZP.RS) confirmed Thursday that it had received payment from Ukraine for gas delivered in December, calming fears of a repeat of last January's gas cuts to Europe.