English Edition

Turkey Seeks to Raise Stake in TANAP Project

Πεμ, 12 Δεκεμβρίου 2013 - 13:31

Turkey is seeking to increase its 20% stake in the Trans Anatolian Natural Gas Pipeline (TANAP) project, which will carry Azeri gas to Europe through Turkey, Turkish media reported on Wednesday.

IEA Says Iran Oil Exports Rising But Challenges Abound

Τετ, 11 Δεκεμβρίου 2013 - 18:18

Iran's oil exports are already rebounding after an interim deal with the West but the Islamic Republic won't flood markets even if international sanctions are lifted, the International Energy Agency said Wednesday.

BP, Reliance Industries Will Aim To Quadraple Gas Output In India By 2020: Executive

Τετ, 11 Δεκεμβρίου 2013 - 18:18

Reliance Industries Ltd. (500325.BY) and joint-venture partner BP PLC (BP.LN) will invest up to $10 billion to quadruple their natural gas output in India by 2020, the head of BP PLC's Indian unit said Wednesday.

North Sea Oil Output Seen 4% Lower in January Than December

Τετ, 11 Δεκεμβρίου 2013 - 18:17

The amount of crude oil to be pumped from fields in the North Sea in January will be lower than in December, according to loading programs for the four key grades.

Putin Orders Military to Boost Arctic Presence

Τρι, 10 Δεκεμβρίου 2013 - 18:50

President Vladimir Putin ordered Russia's military on Tuesday to step up its presence in the Arctic after Canada signaled its intention to claim the North Pole and surrounding waters.

Russia PM: South Stream Agreement Prevails Over EU Energy Law

Τρι, 10 Δεκεμβρίου 2013 - 18:50

The agreement on building and operating OAO Gazprom's (GAZP.RS) South Stream pipeline on European Union territory between Russia and the EU prevails over European energy law, Russian Prime Minister Dmitry Medvedev told journalists Tuesday, Interfax reported.

Slovakia Says It Will Supply Natural Gas To Ukraine

Τρι, 10 Δεκεμβρίου 2013 - 18:49

DJ RT reports that Slovakia and Ukraine have reached agreement on the basis for a memorandum that will provide for natural gas supplies to Ukraine through the Slovak gas pipeline system in the future, citing the CTK news agency.

Libya's Shut Oil Ports Set to Reopen Next Week

Τρι, 10 Δεκεμβρίου 2013 - 18:49

Libyan officials said Tuesday they expected to reopen oil ports next week following an agreement with tribes whose members had blockaded terminals for several months.

OMV, Gazprom Reach Interim Agreement On Natural Gas Contracts

Δευ, 9 Δεκεμβρίου 2013 - 17:52

The Austrian oil and gas company OMV AG (OMV.VI) and Russia's Gazprom have reached an interim agreement with its long-term natural gas contracts, OMV said Monday.

Chevron Resumes Shale Work in Romania Despite Protest

Δευ, 9 Δεκεμβρίου 2013 - 17:52

Chevron (CVX) said Sunday it has restarted work on its first shale gas exploration well in Romania, a day after protests forced the U.S. energy giant to suspend the operation.

Hungary To Buy RWE Stake in Fogaz by End-December

Δευ, 9 Δεκεμβρίου 2013 - 17:51

Hungary could repurchase German utility firm RWE's (RWE.XE) minority stake in Fogaz Zrt., the supplier of natural gas to Budapest, by the end of December, national daily Magyar Nemzet Monday quoted Fogaz Chief Executive Laszlo Koncz as saying.

Cheniere Energy, Bechtel Agree to Two Contracts Worth $9.5 Billion

Δευ, 9 Δεκεμβρίου 2013 - 17:51

Energy company Cheniere Energy Inc. agreed to two contracts worth a combined $9.5 billion with Bechtel Oil, Gas & Chemicals to build liquefied natural gas trains and facilities in Corpus Christi, Texas.

SOCAR's Investments in Turkey to Hit $20 bln by 2018

Δευ, 9 Δεκεμβρίου 2013 - 15:02

The investments of Azeri state-owned oil and gas company SOCAR in Turkey, including the Trans Anatolian Natural Gas Pipeline (TANAP) project, will reach $20 billion (14.6 billion euro) by 2018, Turkish media reported on Friday, citing SOCAR Turkey head Kenan Yavuz.