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Petrobras Says Latest Oil Find Confirms Sergipe's Potential

Πεμ, 19 Δεκεμβρίου 2013 - 17:36

Brazilian state-run oil company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Wednesday that a well off the country's northeast coast had confirmed the region's potential as a new frontier for oil and natural gas production.

Saudis Alone to Expand Offshore Oil Field Owned with Kuwait

Πεμ, 19 Δεκεμβρίου 2013 - 17:35

Top oil exporter Saudi Arabia will go it alone in boosting the capacity of an offshore oil field in its shared neutral zone with Kuwait after the neighboring Persian Gulf state withdrew from the project due to political deadlock between parliament and the government, two people familiar with the matter said.

Romania Cuts Renewable Energy Incentives

Πεμ, 19 Δεκεμβρίου 2013 - 16:45

The Romanian government has decided to cut the number of green certificates hydro, wind and solar energy producers will receive for projects launched after January 1, local media reported on Wednesday.

EU Almunia: Looking into Gazprom Commitments, Further Meetings Planned

Τετ, 18 Δεκεμβρίου 2013 - 18:41

Further meetings are planned between Russian energy giant OAO Gazprom (GAZP.RS) and European Union regulators after the company's submission of proposals to address antitrust concerns, the European Commission said Wednesday.

EU Probes U.K. Nuclear Plant

Τετ, 18 Δεκεμβρίου 2013 - 18:38

European Union regulators Wednesday opened an in-depth probe into Britain's planned flagship nuclear plant, Hinkley Point, to assess whether the project breaks state-aid rules.

Israeli Firms Distance Themselves From Noble Energy's Oil Field Estimates

Τετ, 18 Δεκεμβρίου 2013 - 18:38

The Israeli partners of Noble Energy Inc. (NBL) in the offshore Leviathan field on Wednesday distanced themselves from comments made by the U.S. company about its estimated oil potential.

Bulgarian Energy Holding, Bulgargaz Get New Bosses

Τρι, 17 Δεκεμβρίου 2013 - 17:40

The Bulgarian energy ministry appointed Ivan Yonchev as chief of the state-owned Bulgarian Energy Holding (BEH) while tapping Dafinka Yankova to head gas monopoly Bulgargaz.

Statoil Invests in Azerbaijan, Sells Project Stake

Τρι, 17 Δεκεμβρίου 2013 - 17:39

Statoil ASA (STO) Tuesday said it has decided to invest in the development of the giant Shah Deniz gas field in the Caspian Sea offshore Azerbaijan, together with consortium partners.

Gazprom Boss Says China Gas Deal May Not be Settled Until 2014

Τρι, 17 Δεκεμβρίου 2013 - 17:38

The head of Russian state-run gas giant OAO Gazprom (GAZP.RS) said Tuesday that a long-awaited deal on deliveries to China may not be signed until February despite earlier vows to settle a contract before the end of the year.

Hungary Buys RWE Stake in Budapest Gas Supplier for HUF41B

Τρι, 17 Δεκεμβρίου 2013 - 17:38

Hungary's state-owned utility MVM Zrt. said Tuesday that it will buy a minority stake in Fogaz Zrt., which supplies natural gas to 820,000 households and business customers in Budapest, from German utility firm RWE AG's (RWE.XE).

Noble Energy Sees $4.8 Billion in Capital Spending Next Year

Τρι, 17 Δεκεμβρίου 2013 - 17:38

Noble Energy Inc. (NBL) said it expects to spend $4.8 billion on capital investments next year, almost $1 billion more than this year's target, and also boosted its fourth-quarter volume estimate as the oil and gas company posted improved sales in the U.S., West Africa and Israel.

E.ON Sells German Regional Unit to Municipalities for EUR610M

Τρι, 17 Δεκεμβρίου 2013 - 17:37

Energy utility E.ON SE (EOAN.XE) said Tuesday it has signed an agreement to sell a majority stake in one of its German regional energy suppliers to a consortium of municipalities in the center of the country.

Final Investment Decision on Shah Deniz-2 Signed in Baku

Τρι, 17 Δεκεμβρίου 2013 - 14:12

The final investment decision on Shah Deniz Stage 2 project has been signed today in Heydar Aliyev Center in Baku.