English Edition

Kuwait to Miss Its 4M B/D Crude Oil-Production Target

Kuwait to Miss Its 4M B/D Crude Oil-Production Target

Kuwait won't be able to meet its crude oil production target of 4 million barrels a day by 2020 because of political deadlock between parliament and government that has often hampered energy projects, people familiar with the matter have said.

Pakistan Seeking $2 Billion From Iran for Gas Pipeline

Pakistan Seeking $2 Billion From Iran for Gas Pipeline

Pakistan has asked Iran for $2 billion in financing to build its side of a controversial gas pipeline that has drawn threats of U.S. sanctions, Islamabad's petroleum minister said Tuesday.

U.N. Starts Destroying Syrian Chemical Weapons

U.N. Starts Destroying Syrian Chemical Weapons

International weapons inspectors began destroying Syria's chemical weapons on Sunday, overseeing Syrian government workers using torches and grinders to launch a disarmament program that put potential U.S. military intervention in Syria on hold.

Canada Spied on Brazil Energy Ministry

Canada Spied on Brazil Energy Ministry

Canada spied on communications at Brazil's Mining and Energy Ministry, according to Canadian intelligence documents revealed Sunday by Globo television.

Romania January-August Power Output Down 7.2% on Year - Mediafax

Romania January-August Power Output Down 7.2% on Year - Mediafax

Romanian energy output fell 7.2% on the year to 14.09 million metric tons of oil equivalent in the first eight months, hurt by falling production in the thermal sector, official data showed Monday, news agency Mediafax reported.

Poland Wants Another Price Cut From Gazprom

Poland Wants Another Price Cut From Gazprom

Poland wants another cut in the price of natural gas it buys from Russia, a Polish deputy prime minister said on Monday as gas firms from the two countries began talks.

Italy Government Says CDP to Buy Ansaldo Energia

Italy Government Says CDP to Buy Ansaldo Energia

Italy's state development bank Cassa Depositi e Prestiti, or CDP, has agreed to buy into Ansaldo Energia, the energy business of Finmeccanica SpA (FNC.MI), according to the country's defense undersecretary Friday.

Brazils Petrobras Says Investment Plan Will Boost Output

Brazil's Petrobras Says Investment Plan Will Boost Output

Brazilian state-run oil giant Petrobras (PBR, PETR4.BR) on Friday responded to a Moody's Investors Service credit rating downgrade by saying the company's ambitious investment plan will lead to increased output and cash flow.

IENE’s Upstream Workshop to Bring Together Some of the Region’s Top Experts

IENE’s Upstream Workshop to Bring Together Some of the Region’s Top Experts

The detailed programme of IENE’s 2nd SE Europe Regional Upstream Workshop on “Hydrocarbon Exploration and Production in the Adriatic, the Black Sea and the East Mediterranean” has just been announced. The programme has been posted on IENE’s website under the Workshop’s banner. The Workshop will take place in Athens, on October 31st -November 1st, 2013, and will be held under the auspices of Greece’s Ministry of Environment, Energy & Climate Change, which is in charge of the country’s hydrocarbon sector)

EU Almunia: Preparing Statement of Objections Against Gazprom

EU Almunia: Preparing Statement of Objections Against Gazprom

The European Union's antitrust watchdog is preparing to initiate formal legal proceedings against Russian state-owned energy giant OAO Gazprom (GAZP.RS), saying it acted unfairly on the bloc's eastern flanks, its chief said Thursday.

EU Steps Up Scrutiny of Gazprom

EU Steps Up Scrutiny of Gazprom

The European Union's antitrust watchdog has stepped up its scrutiny of OAO Gazprom (SIBN.RS), saying it was preparing to initiate formal legal proceedings against the Russian state-owned energy giant in its probe of how Gazprom supplies gas to Eastern Europe.

Gas Riches Off Cyprus Lower Than Expected - Minister

Gas Riches Off Cyprus Lower Than Expected - Minister

Gas reserves off Cyprus are nearly a third less than initially estimated but remain "substantial," the country's energy minister said Thursday, insisting it would proceed with ambitious production plans.