English Edition

Azerbaijan May Send Gas To Asia Instead Of Europe

Πεμ, 19 Νοεμβρίου 2009 - 19:34

Azerbaijan may send its gas to Asia instead of Europe if promised pipelines take too long to complete, an official said, according to a Bloomberg News report late Wednesday.

Regal Petroleum hit With Ρecord Fine Over Greece

Πεμ, 19 Νοεμβρίου 2009 - 16:45

Regal Petroleum Plc, a UK explorer in central Europe and Africa, was fined a record 600,000 pounds ($1 million) by London’s Alternative Investment Market for misleading investors about a Greek discovery in 2005. Regal fell as much as 2.4 percent in London trading after AIM’s Disciplinary Committee said the company was overoptimistic about the Kallirachi prospect in Greece and took longer than it should have to inform the market that the two wells were being abandoned.

Turkish Bosporus Strait Closed Due To Poor Visibility

Τετ, 18 Νοεμβρίου 2009 - 20:00

Turkey's Bosporus Strait has been closed to tanker traffic due to poor visibility caused by dense fog, an official from the Turkish Coastal Safety Agency said Wednesday, the Ihlas News Agency, or IHA, reports.

Hungary's Strategic Gas Supply Enough For 45-50 Days

Τετ, 18 Νοεμβρίου 2009 - 19:55

Hungary's strategic natural gas reserves are being filled up and would provide 45-50 days supply, if needed, at a daily consumption of 20 million cubic meters, the energy minister said Wednesday.

EU Shouldn't Aim For Iranian Gas Imports Yet

Τετ, 18 Νοεμβρίου 2009 - 19:53

European projects to ease dependence on Russian natural gas imports shouldn't aim to use Iranian gas for the time being, given the difficult international political situation in the Islamic republic, a top U.S. official said Wednesday.

Ukraine To Double Transit Fees For Russian Gas From Jan 1

Τετ, 18 Νοεμβρίου 2009 - 19:52

Ukraine will double the fees it charges Russia for gas shipped through its territory to European customers from 2010, Prime Minister Yulia Tymoshenko said, in a move that could raise tensions.

EU Says Countries Well Prepared In Case Of Gas Crisis

Τετ, 18 Νοεμβρίου 2009 - 19:51

The European Commission Wednesday said countries in the European Union have an "overall good level of preparedness" to deal with a potential natural gas crisis.

Russia Agrees To Tougher Emissions Target

Τετ, 18 Νοεμβρίου 2009 - 19:49

European Commission President Jose Manuel Barroso Wednesday said Russia had committed itself to steeper cuts in greenhouse gas emissions than previously agreed, a move that comes only three weeks before international climate change talks in Copenhagen.

CNPC To Supply Bulk Of Equipment For Iraq Rumaila Field – BP

Τρι, 17 Νοεμβρίου 2009 - 18:54

China National Petroleum Corp. will supply the bulk of equipment for the $15 billion redevelopment of the Rumaila field in Iraq, an executive at its partner, BP PLC (BP), said Tuesday. "CNPC will deliver pipes, rigs, valves and other equipment for the Rumaila redevelopment at highly competitive rates, Jean-Baptists Renard, BP's head of the Europe and Southern Africa regions, said at the World NOC Downstream conference in London

Interview - IEA Tanaka: China, US Likely To Agree On CO2 Cuts

Τρι, 17 Νοεμβρίου 2009 - 18:47

Although the Copenhagen climate talks next month may not yield a consensus on reducing greenhouse gas emissions, it is "only a matter of time" before the U.S. and China--the world's two largest polluters--commit to targets, International Energy Agency Executive Director Nobuo Tanaka said Tuesday. Committing to targets is essential for energy security and economic growth in both countries, Tanaka told Dow Jones Newswires

Petrobras, Sonangol Find Oil Field In Angola

Τρι, 17 Νοεμβρίου 2009 - 18:41

Brazilian state-run energy company Petroleo Brasileiro SA and Angola's national oil company Sonangol have found a new oil field off the coast of Angola, Angola's state-run Angop news agency said on Tuesday. According to Angop, the new oil well was discovered at Block 18/06, in deep waters 200 kilometres north of Luanda. Drilled under 1,500 meters of water, the Magnesium-01 well showed the existence of "petroleum of excellent quality" under 82 meters in sand at a site called Miocene Epoch, Angop said

IAEA Inspects Nuclear Research Reactor In Syria

Τρι, 17 Νοεμβρίου 2009 - 18:35

The United Nations atomic watchdog said Tuesday it was inspecting a nuclear research reactor in Damascus because it had doubts about Syria's explanation as to how traces of uranium got there. In its latest report on Syria, circulated to member states on Monday, the International Atomic Energy Agency said that it found Damascus's initial explanation unconvincing. It therefore decided to carry out a new inspection of the reactor on Tuesday to check Syria's explanations, according to the restricted report, a copy of which was obtained by AFP

IHS CERA: Oil Supply To Grow Through 2030, Then Struggle

Τρι, 17 Νοεμβρίου 2009 - 18:33

Global oil capacity will grow over the next 20 years but after that supply may not meet demand, according to a study released Tuesday by IHS Cambridge Energy Research Associates. Capacity could grow as much as 115 million barrels a day, or 25% over current levels, according to study of more than 100,000 projects worldwide