English Edition

Kuwait May Cut Spot Naphtha Exports; TKSC Online

Δευ, 17 Αυγούστου 2009 - 16:37

Kuwait may gradually export less spot naphtha, with downstream petrochemical plant coming online; new domestic aromatics plant - also known as KARO - may feed on more Kuwaiti full-range naphtha and raise output as downstream unit Kuwait Styrene Co., or TKSC, recently started operating its new ethylbenzene styrene monomer plant after delay due to technical issue;

Baku-Tbilisi-Ceyhan Pipe Jan-Jul Oil Throughput Up 5.7% YoY

Δευ, 17 Αυγούστου 2009 - 16:36

The BP PLC (BP)-led Baku-Tbilisi-Ceyhan pipeline exported 22.1 million metric tons of Azeri and Kazakh oil in the first seven months of 2009, up 5.7% from the same period last year, Azerbaijan's state oil company Socar said Monday.

Brazil Vale, Italy's Eni Make 2nd Offshore Natural Gas Discovery

Δευ, 17 Αυγούστου 2009 - 16:34

The Brazilian unit of Italy's Eni SpA (E) and mining giant Vale (VALE) reported late Friday a second natural gas discovery at an offshore block in the Santos Basin.

Berlusconi South Stream deal claim exaggerated, Turkey says

Πεμ, 13 Αυγούστου 2009 - 12:23

Italian Prime Minister Silvio Berlusconi’s claim to have sealed this week’s Russian-Turkish energy deal was exaggerated and surprised the Turkish government, a senior government source told Reuters yesterday.

Eni Says It Has Signed Exploration Deal With Congo

Τετ, 12 Αυγούστου 2009 - 17:25

Eni SpA (E) said Wednesday it has signed an exploration deal with the Congo in a move to further strengthen its operations in the African country.

UK Jobless Hits 14-Year High And Sets Recovery Agenda

Τετ, 12 Αυγούστου 2009 - 17:23

More evidence of rising unemployment, particularly among young people, has highlighted the next economic challenge facing U.K. policy makers going into next year's election.

E.ON Raises 2009 Guidance, Confirms Thuega Sale

Τετ, 12 Αυγούστου 2009 - 17:21

E.ON AG (EOAN.XE) Wednesday said profits wouldn't fall in 2009 by as much as it had feared, and confirmed it will sell its Thuega unit by the end of the year.

Gas Natural To Install 52.7MW Wind Capacity In Canary Islands

Τετ, 12 Αυγούστου 2009 - 17:16

Spanish energy company Gas Natural SDG SA (GAS.MC) Wednesday said it has won bids to install 52.7 megawatts in new wind power capacity in 11 wind parks across the Canary Islands.

NKorea Official, In Rare Interview, Defends Nuclear Weapons

Τετ, 12 Αυγούστου 2009 - 17:13

A North Korean official Wednesday insisted that his country's communist regime needed to develop nuclear weapons to defend itself against a U.S. nuclear threat, Kyodo News reported.

Power station progress will help meet demand

Τετ, 12 Αυγούστου 2009 - 11:30

Development Minister Costis Hatzidakis (far left) visited the offices of power grid operator DESMIE yesterday. Demand for power consumption so far this summer has peaked at 9,870 megawatts. Construction plans for two new power plants in central and southern Greece are moving ahead as the government scrambles to meet an expected rise in electricity demand in coming years by adding energy production units.

BP Enters Biofuels Joint Devt Pact With Martek Biosciences

Τρι, 11 Αυγούστου 2009 - 15:04

BP (BP.LN) and Martek Biosciences Corporation, Tuesday announced the signing of a joint development agreement, or JDA, to work on the production of microbial oils for biofuels applications. The partnership combines a broad technology platform and operational capabilities to advance the development of a step-change technology for the conversion of sugars into biodiesel.

OPEC July Output Up 4th Straight Month On Saudi Rise

Τρι, 11 Αυγούστου 2009 - 15:01

The Organization of Petroleum Exporting Countries Tuesday said its members' oil production increased for a fourth straight month in July above the group's production target.

Positive OECD Momentum To Boost Oil -Goldman

Τρι, 11 Αυγούστου 2009 - 14:58

Recent "positive surprises" in OECD data - US ISM, European PMI, US employment - is likely the beginning of good news coming on stream for the oil market from the OECD, say analysts at Goldman Sachs.