English Edition

OPEC July Output Up 4th Straight Month On Saudi Rise

OPEC July Output Up 4th Straight Month On Saudi Rise

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

Positive OECD Momentum To Boost Oil -Goldman

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.

Ukraine Gas Issue Highlights Russia Risk - Alfa

Ukraine Gas Issue Highlights Russia Risk - Alfa

The strained relationship between Ukraine and Russia over gas is unlikely to be fully resolved any time soon, says Alfa, following news Ukraine plans to lower its Russian gas imports by one-third next year.

Nigerian Army:Shell Nigeria Gas Pipe Attacked By Locals

Nigerian Army:Shell Nigeria Gas Pipe Attacked By Locals

A natural gas pipeline serving a plant operated by Royal Dutch Shell PLC (RDSB.LN) has been attacked by locals in the Niger Delta, the Nigerian army said Tuesday, underscoring the risk of violence flaring up again in the region despite a ceasefire.

RWE Says Continues To Pursuing Bulgaria Nuclear Project Belene

RWE Says Continues To Pursuing Bulgaria Nuclear Project Belene

German utility RWE AG (RWE.XE) is still pursuing a project for the construction of a nuclear power plant in Bulgaria, a company spokesman said Friday, following a report earlier in the day that said the project is on the brink of failing due to lack of financing.

California CO2-Capture Project Aims High

California CO2-Capture Project Aims High

The developers of a proposed $2 billion power-plant project in California that would capture and store carbon-dioxide emissions hope to succeed where the U.S. government has, so far, failed.

Top China Power Generation Company in Broad Cooperation with Canadian Solar (CSIQ)

Top China Power Generation Company in Broad Cooperation with Canadian Solar (CSIQ)

ONTARIO, Canada, Aug. 7 /PRNewswire-Asia-FirstCall/ -- Canadian Solar Inc. ("the Company", "Canadian Solar" or "we") (Nasdaq: CSIQ) today announced a broad strategic cooperation with one of China's largest power generation companies. Under the far reaching agreement, Canadian Solar and the Guodian Power Development Co., Ltd. will design, invest, build operate and maintain PV power plants in China

Chevron Announces Significant Discovery Offshore Angola

Chevron Announces Significant Discovery Offshore Angola

Chevron Corporation (NYSE:CVX) announced today that its affiliate, Cabinda Gulf Oil Company Limited (CABGOC) and its partners, had made a successful discovery in Block 0 located adjacent to the Cabinda coastline in Angola.

Office Of Fair Trade Clears Centrica Stake In British Energy

Office Of Fair Trade Clears Centrica Stake In British Energy

Office of Fair Trading (OFT) said today it has given merger clearance to the anticipated acquisition by Centrica (CNA.LN) from EDF Group (EEN.FR) of a minority interest in British Energy. Under the terms of an agreement with EDF, Centrica is proposing to purchase a 20% shareholding in Lake Acquisitions, the EDF subsidiary that owns British Energy, with EDF retaining the remaining 80%.

Ankara gives green light, «in principle» for South Stream pipeline’s passage

Ankara gives green light, «in principle» for South Stream pipeline’s passage

Turkey has agreed “in principle” to allow the South Stream gas pipeline to pass through its territorial waters, a senior Russian official said yesterday ahead of a visit by Prime Minister Vladimir Putin to Turkey. Putin’s trip follows a signing ceremony in Ankara last month for transit agreements for the rival Nabucco gas pipeline, a European Union-backed project designed to counter Russia’s strong influence on European energy supplies.

Aegean drilling

Aegean drilling

Aegean Energy SA said it plans to start drilling at its offshore Epsilon field, in the Gulf of Kavala, northern Greece, next month, having tripled production from the Prinos North field. The company completed its Prinos North field development plan at a cost of about $38 million and increased production to over 3,000 barrels a day, Aegean said in a statement.

Mytilineos posts high earnings

Mytilineos posts high earnings

Metals and energy group Mytilineos reported yesterday first-half net profits of 10.4 million euros, versus 24.1 million euros a year earlier, due to weaker revenues from its power plant building unit Metka. First-half profits in 2008 had included nonrecurring income of 20.3 million euros. The first-half profit figure beat the 7.7-million-euro figure analysts were expecting, according to Bloomberg News.

Russia Official:Turkey To OK S Stream Construction Thu

Russia Official:Turkey To OK S Stream Construction Thu

Turkey will grant permission for the construction of the South Stream gas pipeline across its Black Sea sector when it signs a bilateral protocol with Russia Thursday, the RIA Novosti news agency reported Wednesday, citing a Russian government official.

Gazprom Sees First LNG Cargos To US In Winter

Gazprom Sees First LNG Cargos To US In Winter

Russian gas giant OAO Gazprom (GAZP.RS) may send its first shipments of liquefied natural gas, or LNG, from the Sakhalin-2 project to North America this winter, the company said in an interview Monday.