English Edition

Novorossiisk Port 1Q Cargo +17%; Helped By Petroleum Products

Τετ, 15 Απριλίου 2009 - 16:08

Russia's largest sea port operator, Novorossiisk Commercial Sea Port (NMTP.RS), Wednesday said its cargo turnover for the first three months of the year was up 14% from the same period a year earlier.

Gazprom Neft Swings To 4Q Net Loss On Oil Price

Τετ, 15 Απριλίου 2009 - 16:07

The oil arm of Russian gas monopoly OAO Gazprom (GAZP.RS) said Wednesday it swung to a net loss in the fourth quarter of 2008 due to a fall in oil prices, high export duties and a foreign exchange loss.

CEZ Board Proposes CZK50/Share Dividend As Expected

Τετ, 15 Απριλίου 2009 - 16:05

Czech power company CEZ AS (BAACEZ.PR) Wednesday said that its board of directors will propose - as expected - a dividend of 50 koruna ($2.5) a share on its 2008 net profit.

New Iran Package To Solve Nuclear Crisis

Τετ, 15 Απριλίου 2009 - 16:04

Iranian President Mahmoud Ahmadinejad Wednesday said Tehran will offer a new package to world powers for negotiations aimed at resolving the country's controversial nuclear drive.

Russia Lukoil Drills Two More Wells After Saudi Gas Discovery

Τετ, 15 Απριλίου 2009 - 16:02

Russia's OAO Lukoil Holdings (LKOH.RS) said Wednesday it is pressing ahead with plans to drill two more gas exploration wells in Saudi Arabia after a recent discovery in its concession in the kingdom's massive Empty Quarter desert.

OPEC Cuts 2009 World Oil Demand Forecast By 0.4M B/D

Τετ, 15 Απριλίου 2009 - 16:01

The Organization of Petroleum Exporting Countries Wednesday cut its global oil demand estimate again for 2009 due to the faltering world economy starting to hit demand in developing countries like China.

Repsol To Halt 100,000B/D Cartagena Refinery On Tight Margins

Τετ, 15 Απριλίου 2009 - 15:59

Spanish oil company Repsol YPF SA (REP) will halt work for an unspecified length of time at its 100,000 barrels-a-day capacity Cartagena refinery, a company official said Wednesday.

Climate Experts: World Won't Meet 2C Warming Target - Report

Τρι, 14 Απριλίου 2009 - 17:21

Almost nine out of 10 climate scientists do not believe political efforts to restrict global warming to two degrees Celsius will succeed, a Guardian poll reveals Tuesday.

Iberdrola Renovables 1Q Electricity Output +20% On Yr

Τρι, 14 Απριλίου 2009 - 17:16

Spanish renewable energy company Iberdrola Renovables SA (IBR.MC) Tuesday said its first-quarter electricity production rose 20% on the year to 5,397 gigawatt-hours.

EU Takes Poland, Czech Republic To Court Over Elec Regulation

Τρι, 14 Απριλίου 2009 - 17:14

The European Commission Tuesday said it is taking Poland and the Czech Republic to court over their electricity regulations.

Iraqi VP To Discuss Total Oil Field Deal In Paris

Τρι, 14 Απριλίου 2009 - 17:13

Iraqi Vice President Adel Abdel Mahdi will meet executives from the French energy giant Total SA (TOT) to discuss a multi-billion dollar oil deal during a working visit to France, he said Tuesday.

EIA:Limited Non-OPEC Oil Output, Econ Recovery Support Higher Prices

Τρι, 14 Απριλίου 2009 - 17:11

The U.S. said Tuesday it expected crude oil output from OPEC to stay flat in the second-quarter, averaging 28.5 million barrels a day.

Iran OPEC Head:Current Oil Output Levels Support Mkt

Τρι, 14 Απριλίου 2009 - 17:10

Iran's OPEC governor said Tuesday the organization's current crude oil production levels "support the market" due to members' high compliance but changes in the global economic outlook may warrant further group action.

German Grid Regulator OKs Around EUR415M In Pwr Grid Invest

Τρι, 14 Απριλίου 2009 - 17:07

Germany's network regulator, the Bundesnetzagentur, Tuesday said it has approved investment budgets of around EUR415 million that will allow the affected grid operators to expand their power networks.

Kazakh KazMunaiGas In Talks With CNPC Over Mangistaumunaigas

Δευ, 13 Απριλίου 2009 - 15:30

Kazakh state oil and gas company KazMunaiGas said Monday that it is in talks with China National Petroleum Corp. over a possible joint purchase of a stake in Kazakhstan-based Mangistaumunaigas.

Iran OPEC Head: Cut Possible If Demand Keeps Falling

Δευ, 13 Απριλίου 2009 - 15:28

Iran's governor to the Organization of Petroleum Exporting Countries, or OPEC, said that further declines in crude oil demand could warrant an output cut at the organization's next meeting, the daily Hamshahri paper reports Monday.