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Iran’s Central Bank to Allocate $10b to Oil Projects

Δευ, 3 Φεβρουαρίου 2014 - 13:42

The Iranian parliament (Majlis) has allowed the country’s central bank to allocate $10 billion of its assets overseas to fund domestic oil projects, IRNA reported.

Romanian Energy Holding Oltenia to Borrow 200 mln euro from EBRD for Upgrades

Δευ, 3 Φεβρουαρίου 2014 - 13:37

Romanian energy holding Oltenia has signed an agreement to borrow around 200 million euro ($270.9 million) from the European Bank of Reconstruction and Development (EBRD), the Romanian economy ministry said.

Turkey Signs MOU with French Utility GDF Suez For Two Major Energy Investments

Παρ, 31 Ιανουαρίου 2014 - 14:00

French utility GDF Suez has signed a Memorandum of Understandinghas signed a Memorandum of Understanding with the Turkish government for two major energy investments in the country.

Romania's OMV Petrom Q4 Hydrocarbon Output Slips 1.1% y/y

Παρ, 31 Ιανουαρίου 2014 - 13:46

The hydrocarbon production of Romania's top oil and gas group, OMV Petrom [BSE:SNP], fell 1.1% on the year to 181,000 barrels of oil equivalent per day (boe/d) in the fourth quarter of 2013, its majority owner, Austria’s OMV, said on Thursday.

Putin Says Ukraine’s Gas Bill Overdue

Παρ, 31 Ιανουαρίου 2014 - 13:45

The Russian economy and gas monopoly Gazprom will take a hit if Ukraine, which is facing growing unrest, fails to pay its already reduced gas bill, Russian President Vladimir Putin said on 28 January.

Greece to Present Latest Oil, Gas Seismic Data to Investors in Feb

Πεμ, 30 Ιανουαρίου 2014 - 18:09

Greece will make available to international investors in February the results of recent seismic tests on oil and natural gas in its western and southern waters, Reuters reported, quoting the country’s energy ministry.

Turkey, Romania Among World's Most Attractive Emerging PV Markets

Πεμ, 30 Ιανουαρίου 2014 - 13:41

Turkey ranked as the world's third most attractive emerging photovoltaic (PV) market, followed by Romania, market researcher IHS said on Wednesday.

Big Oil Companies Struggle to Justify Soaring Project Costs

Τετ, 29 Ιανουαρίου 2014 - 18:10

Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC spent more than $120 billion in 2013 to boost their oil and gas output--about the same cost in today's dollars as putting a man on the moon.

Shell Sells Stake in Brazilian Project for $1 Billion

Τετ, 29 Ιανουαρίου 2014 - 18:10

Royal Dutch Shell PLC said Wednesday it is selling its 23% interest in the Parque das Conchas project offshore Brazil to Qatar Petroleum International for $1 billion.

Gazprom Exec Says Company Undervalued, Hints At Buyback

Τετ, 29 Ιανουαρίου 2014 - 18:09

Russian gas monopoly OAO Gazprom (GAZP.RS) is undervalued and now may be a perfect time for a share buyback, Alexander Medvedev, deputy chair of the company's management committee said in an interview to state television channel Rossiya 24, Interfax news agency reported Wednesday.

BP Starts Production at West Chirag in Caspian Sea

Τετ, 29 Ιανουαρίου 2014 - 18:09

Oil major BP PLC said Wednesday that production has started at the West Chirag platform of the Azeri-Chirag-Gunashli field in the Azerbaijan sector of the Caspian Sea, completing the Chirag oil project which was sanctioned in 2010.

Cyprus: Tenders Invited for Domestic Gas Supply

Τετ, 29 Ιανουαρίου 2014 - 13:20

The Natural Gas Public Company (DEFA) has invited tenders for the supply of natural gas for a period of up to 10 years beginning January 2016.

Bulgaria's Economy Ministry Greenlights South Stream Offshore Section EIA Study

Τρι, 28 Ιανουαρίου 2014 - 18:32

Bulgaria’s environment ministry approved the environmental impact assessment (EIA) report on the country's offshore section of the South Stream gas pipeline, the ministry said on Monday.

GDF Suez Plans to cut EUR190M in Costs in France, Belgium

Τρι, 28 Ιανουαρίου 2014 - 18:31

French power utility GDF Suez (GSZ.FR) plans to cut as much as 190 million euros ($260 million) in reducing the number of administrative centers in Belgium and France, newspaper Les Echos reported Tuesday, citing Olivier Biancarelli, the company's deputy general secretary.

Sakhalin Governor Says Expansion Eyed for Sakhalin 1 LNG Export Terminal

Τρι, 28 Ιανουαρίου 2014 - 18:31

A liquefied natural gas export terminal planned as part of the Sakhalin 1 project in Russia's Far East may double its liquefaction capacity to 10 million metric tons a year, Sakhalin's governor said Tuesday.

Sound Oil Signs Italian Land Lease Contract

Τρι, 28 Ιανουαρίου 2014 - 18:30

Sound Oil PLC (SOU.LN) said Tuesday that it has signed a land lease contract for the well addressing the Nervesa discovery, which has an estimated net present value at a discount rate of 10% of $66 million and is expected to provide material cash flows from 2015, on the Carita permit in Northern Italy.