English Edition

Egypt Closer to Sealing $1B Libya Oil Deal, As Tripoli Mulls Guarantee -Officials

Πεμ, 27 Ιουνίου 2013 - 16:26

Egypt is inching closer to getting a letter of credit to back a $1 billion much-needed oil supply contract with Libya, but the deal still faces a stumbling block in Tripoli, which fears being dragged into Cairo's economic woes, officials said.

Iraq Northern Oil Exports On Hold For 7th Day - Shipping Agent

Πεμ, 27 Ιουνίου 2013 - 16:25

Exports of crude oil from Iraq's northern Kirkuk oil fields are on hold for the seventh day running, a Middle East shipping agent said Thursday.

Shell to Acquire Further 25% Interest in Albanian Blocks - Petromanas

Τετ, 26 Ιουνίου 2013 - 16:19

Canada-based oil and gas company Petromanas Energy said Royal Dutch Shell will acquire a further 25% participating interest in Albanian Blocks 2-3 in exchange for total consideration of some $22 million (16.8 million euro) under an amended definitive farm out agreement between the two companies.

France's Total Weighs Bids for U.K. Shale Gas

Τετ, 26 Ιουνίου 2013 - 14:55

French energy major Total SA (TOT, FP.FR) is considering bidding for rights to explore for shale gas in Britain and is "frustrated" by a lack of information on a licensing round to be held next year, the Daily Telegraph reported Wednesday.

Italy Regulator Asks Renewable Producers to Act Responsibly on Costs

Τετ, 26 Ιουνίου 2013 - 14:53

Italy's energy regulator Wednesday asked renewable producers to act responsibly as the incentives to promote the sector is costing billions of euros a year, despite the country's energy demand dropping to 1998 levels due to the recession.

Iraq to Announce in July Firms to Build Oil Pipeline to Jordan - Official

Τετ, 26 Ιουνίου 2013 - 14:52

Iraq plans to announce in July prequalified companies to build the country's first oil export pipeline in decades via Jordan, a senior Iraqi oil official said Wednesday.

OMV: Nabucco Pipeline Not Selected by Shah Deniz Consortium

Τετ, 26 Ιουνίου 2013 - 14:51

In a written statement, OMV said that the BP PLC-led (BP) gas field consortium Shah Deniz 2 has informed the company about the decision not to pick Nabucco West as the pipeline that will transport its gas.

Texas' Next Big Oil Rush: New Pipelines Ferrying Landlocked Crude Expected to Boost Gulf Coast Refiners

Τρι, 25 Ιουνίου 2013 - 17:06

New pipelines are beginning to carry a glut of domestic crude from the middle of the country to Texas' Gulf Coast, boosting the fortunes of the area's big refineries and further fueling a decline in oil imports.

Crude Oil Climbs On Supply Worries

Τρι, 25 Ιουνίου 2013 - 17:06

Oil prices advanced on a potential decline in crude shipped from Canada, the U.S.'s biggest source of foreign oil.

OMV To Start Seismic Acquisition Activities Offshore Bulgaria

Τρι, 25 Ιουνίου 2013 - 17:06

The Austrian oil and gas company OMV AG (OMV.VI) said Tuesday it and its joint venture partners in an exploration block offshore of Bulgaria will start a 3D seismic acquisition campaign on June 25.

Libya Looking At New Hydrocarbon Law - NOC Official

Τρι, 25 Ιουνίου 2013 - 17:05

Libya is working on a new hydrocarbon law with better contractual terms and that will cover unconventional sources, said a top official of the national oil company, as part of the process to entice investors into the north African county following a civil war.

Shell to Invest $3.9 Billion in New Nigeria Oil, Gas Projects

Δευ, 24 Ιουνίου 2013 - 16:21

A joint venture led by Royal Dutch Shell PLC (RDSB.LN) Friday said it will invest $3.9 billion on new oil and gas projects in Nigeria that will maintain the country's domestic energy supplies and export capability, while reducing the problem of oil theft from pipelines that has caused serious environmental pollution.

Rosneft Approaches Energy Ministry Over LNG Export Liberalization

Δευ, 24 Ιουνίου 2013 - 16:20

Rosneft (ROSN.RS) has approached Russia's energy ministry over the liberalization of liquefied natural gas in three contracts, the company's Chief Executive Igor Sechin said, Russian news agencies reported Friday.

Iraq May Oil Exports Down 5.4% On Month At 2.480 Million B/D -Oil Ministry

Δευ, 24 Ιουνίου 2013 - 16:20

Iraq's crude oil exports in May were down 5.4% to 2.480 million barrels a day, versus 2.622 million barrels a day in April due to bad weather in the southern oil terminals in the Gulf and acts of sabotage against the northern oil export pipeline to Turkey, the Iraqi oil ministry said in a statement Sunday.

Eni May Win EUR500M Nat Gas Savings -Mediobanca

Δευ, 24 Ιουνίου 2013 - 16:20

Eni's (E) renegotiations over natural gas with its main suppliers may result in operating gains of more than EUR500 million this year, says Mediobanca.

Qatar's Emir Poised to Transfer Power to Son

Δευ, 24 Ιουνίου 2013 - 16:19

The emir of gas-rich Qatar, a major player on the world's diplomatic scene, is poised to announce his abdication in favor of his son or name him prime minister, officials and diplomats said Monday.