English Edition

Iraq-Turkey Oil Pipeline Shut Down After Explosion

Πεμ, 6 Νοεμβρίου 2008 - 15:04

An explosion in southeastern Turkey late Wednesday destroyed parts of a pipeline carrying oil from Kirkuk, Iraq, to the Turkish port of Ceyhun, Saudi Press Agency, or SPA, reports citing Turkish official news agency, Anadolu.

Abu Dhabi Official: Need Rules For Oil Consumers, Producers

Πεμ, 6 Νοεμβρίου 2008 - 15:02

An Abu Dhabi government official Thursday called for a set of "balanced business rules," by which both oil consuming nations and oil producing states can do business, to be introduced to stabilize the market.

OMV, Gazprom, VSE To Create Gas Exchange In Austria

Πεμ, 6 Νοεμβρίου 2008 - 15:01

Austrian oil and gas company OMV AG (OMV.VI) said Wednesday it has signed an agreement with three other parties for the joint further development of the Central European Gas Hub and the establishment of a Central European gas exchange in Austria.

GEA Group Gets EUR15M Contract From Uzbekistan

Τετ, 5 Νοεμβρίου 2008 - 13:02

German engineering group GEA Group AG (G1A.XE) said Wednesday it recently received an order to supply compression equipment for the operation of a natural gas pipeline in Uzbekistan.

Libya Gadhafi In Ukraine For Talks On Energy, Military Deals

Τετ, 5 Νοεμβρίου 2008 - 13:00

Libyan leader Moammar Gadhafi arrived in Ukraine Tuesday in a regional tour, focussed on energy and military cooperation, that has already seen him pitch tent in Russia and Belarus.

Kuwait Cutting Oil Output By About 100,000 B/D From Nov-Exec

Τετ, 5 Νοεμβρίου 2008 - 12:51

Kuwait is cutting its crude oil output by 100,000 barrels a day from this month as part of a pledge by the OPEC to ship 1.5 million barrels a day less globally, a senior executive said Wednesday.

Iran OPEC Chief: Econ To Be Priority For New US Govt

Τετ, 5 Νοεμβρίου 2008 - 12:48

Improved economic conditions in the U.S. will be positive for the energy market because it will boost crude oil demand and should be a priority for any new administration in Washington, Iran's Organization of Petroleum Exporting Countries Governor said.

Russia Deputy PM: Wants Better OPEC Ties But Not Quota

Τετ, 5 Νοεμβρίου 2008 - 12:45

Russia intends to cooperate with the Organization of Petroleum Exporting Countries, or OPEC, but will keep its own position on issues relating to oil production volumes, the Interfax news agency reported Wednesday citing the country's Deputy Prime Minister Igor Sechin.

Energy Regulator Urges Germany To Speed Up Energy Projects

Τετ, 5 Νοεμβρίου 2008 - 12:44

Germany's energy regulator has urged politicians to speed up the approval of infrastructure projects to ensure that the country can avoid a looming threat of power shortages.

EDP Renovaveis 9-Mo Net Profit EUR58.8 Mln

Τετ, 5 Νοεμβρίου 2008 - 12:42

EDP Renovaveis (EDPR.LB), the renewable energy unit of utility EDP-Energias de Portugal SA (EDP.LB), said Wednesday it notched EUR58.8-million net profit in the first nine months of the year.

EDF Energies Nouvelles Gets 981MW Of US Ops,Maintenance Jobs

Τετ, 5 Νοεμβρίου 2008 - 12:40

French renewable energy company EDF Energies Nouvelles (EEN.FR) said Wednesday that as part of its operations and maintenance business its U.S. subsidiary enXco has signed four new contracts covering 981 MW in capacity with US electricity companies.

Turkmenistan Leader To Visit Seoul To Discuss Energy

Τρι, 4 Νοεμβρίου 2008 - 15:38

Turkmenistan President Gurbanguly Berdimuhamedow will arrive South Korea on Wednesday for a three-day state visit aimed at boosting bilateral cooperation in the energy and resources sector, the Yonhap news agency reported, citing a statement from the president's office.