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Wintershall CEO Says Germany Needs to Debate Shale Gas Production

Wintershall CEO Says Germany Needs to Debate Shale Gas Production

Τετ, 11 Σεπτεμβρίου 2013 - 19:42

Germany should thoroughly debate whether it can afford an outright ban on the production of shale gas, a form of unconventional natural gas found in shale rock formations that has helped turn the U.S. energy market upside down, the chief executive officer of the country's largest oil and gas producer said Wednesday.

Libya Makes Two New Gas Discoveries

Libya Makes Two New Gas Discoveries

Τετ, 11 Σεπτεμβρίου 2013 - 19:42

Libya, holder of Africa's fourth largest proven gas reserves, has made two new gas finds southwest of the capital Tripoli amid efforts to boost the country's hydrocarbon output, state-run National Oil Corp., or NOC, said Wednesday.

European Parliament Votes to Cap Biofuels in Transport Fuel Mix at 6%

European Parliament Votes to Cap Biofuels in Transport Fuel Mix at 6%

Τετ, 11 Σεπτεμβρίου 2013 - 19:41

European use of biofuels made from food crops in transport fuel will be limited to 6%, following a Wednesday vote by the European Parliament aimed at assuaging fears that the production of the fuels was pushing up food prices.

Iraq to Store Strategic Oil in South Korea

Iraq to Store Strategic Oil in South Korea

Τετ, 11 Σεπτεμβρίου 2013 - 19:41

Iraq and South Korea will sign an initial agreement for comprehensive cooperation in energy matters covering oil, gas and electricity, which will include a shipment of strategic oil reserves to the Asian country.

BP Signs Pact to Help Revive Iraqs Kirkuk Oil Field

BP Signs Pact to Help Revive Iraq's Kirkuk Oil Field

Τετ, 11 Σεπτεμβρίου 2013 - 19:41

BP PLC (BP) has agreed to help the Iraqi government revamp its giant Kirkuk oil field, Iraq's oil minister said Wednesday, potentially paving the way for the U.K.-based company to clinch a longer-term development deal.

Circle Oil: AASE-18 Well Takes Gross Production Over 13,500boepd

Circle Oil: AASE-18 Well Takes Gross Production Over 13,500boepd

Τρι, 10 Σεπτεμβρίου 2013 - 18:48

Circle Oil PLC (COP.LN), an oil and gas company, Tuesday announced the results of the spud of the AASE-18 well on the Al Amir SE Field, saying it has resulted in a further increase in the total gross daily production to over 13,500 barrels of oil equivalent per day.

GDF Suez, Mitsui Get Coal Power Plant Contract in Morocco

GDF Suez, Mitsui Get Coal Power Plant Contract in Morocco

Τρι, 10 Σεπτεμβρίου 2013 - 18:47

Safi Energy Company, a joint venture of GDF Suez SA (GSZ.FR), Japan's Mitsui & Co. Ltd. (8031.TO) and Nareva Holding, Tuesday said it has been awarded a contract to operate a coal-fired power plant in Morocco, for an undisclosed amount.

Cyprus Minister of Energy will Present the Prospects of Hydrocarbons to US

Cyprus Minister of Energy will Present the Prospects of Hydrocarbons to US

Τρι, 10 Σεπτεμβρίου 2013 - 12:49

Cyprus Minister of Energy, Commerce, Industry and Tourism, Mr Yiorgos Lakkotrypis, is departied for the USA, where during the week he will hold a series of high level meetings in Washington and New York, amongst which a meeting with the US Secretary of Energy, Dr Ernest J. Moniz.

Saudi Arabia May Raise Oil Output if Prices Hit $120/bbl - SocGen

Saudi Arabia May Raise Oil Output if Prices Hit $120/bbl - SocGen

Δευ, 9 Σεπτεμβρίου 2013 - 18:26

Saudi Arabia may seek to raise oil production if prices hit $120/bbl, Mike Wittner, Head of Oil Research at Societe Generale says in a report. "I think that around $120, the Saudis start to worry a lot about whether prices are "too high" and could possibly hurt the global economy and ultimately hurt oil demand," Mr. Wittner said.

Glencore Xstrata Opens LNG Trading Desk

Glencore Xstrata Opens LNG Trading Desk

Δευ, 9 Σεπτεμβρίου 2013 - 18:25

Commodities titan Glencore Xstrata PLC (GLEN.LN) set up a new liquefied natural gas team last week to take advantage of opportunities in the burgeoning physical LNG market, a person familar with the matter said.

Uzbekistan, China Sign Agreements Worth $15 Billion

Uzbekistan, China Sign Agreements Worth $15 Billion

Δευ, 9 Σεπτεμβρίου 2013 - 18:25

Uzbekistan President Islam Karimov and Chinese President Xi Jinping on Monday signed agreements worth $15 billion in key sectors, including the exploitation of oil, gas, and uranium fields in the Central Asian state.

Kazakhstan Oil Field Kashagan Set to Start this Week

Kazakhstan Oil Field Kashagan Set to Start this Week

Δευ, 9 Σεπτεμβρίου 2013 - 18:25

The giant Kashagan oil field in Kazakhstan could produce its first oil as soon as Tuesday, according to people familiar with the matter, marking the end of a near-decade of delays and cost overruns that has marred the progress of one of the world's largest energy projects.

BG Lowers Outlook on Delays in Norway and Egypt

BG Lowers Outlook on Delays in Norway and Egypt

Δευ, 9 Σεπτεμβρίου 2013 - 18:24

Shares in BG Group PLC (BG.LN) fell more than 5% Monday after the company lowered its production outlook for next year, citing delays bringing on new production from projects in Norway and Egypt.

Gazprom, BASF to Close Asset Swap Deal in 2014

Gazprom, BASF to Close Asset Swap Deal in 2014

Δευ, 9 Σεπτεμβρίου 2013 - 18:24

Russian state gas firm OAO Gazprom (GAZP.RS) said Monday it will close an asset-swap deal with BASF SE (BAS.XE) in 2014, a year later than planned.