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Confirmatory Drilling in Block 12 of Cyprus in June

Confirmatory Drilling in Block 12 of Cyprus in June

Παρ, 26 Απριλίου 2013 - 16:04

Confirmatory drilling in block 12 of Cyprus` exclusive economic zone will begin as soon as the rig is transferred there, in mid- or late June, and is expected to be completed by October, Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis has said.

Total Confirms Output Targets, Sees Further Growth After 2017

Total Confirms Output Targets, Sees Further Growth After 2017

Πεμ, 25 Απριλίου 2013 - 18:29

French company Total SA (TOT, FP.FR) still expects its oil and gas output to grow 3% on average on an annual basis between 2011 and 2015, and then sees accelerated growth after 2017 as new projects come on stream, the head of the exploration and production division Yves-Louis Darricarrere said, ahead of the group's release of its first-quarter earnings later this week.

Genel Energy: Significant Oil Discovery at Chia Surkh 10 Well

Genel Energy: Significant Oil Discovery at Chia Surkh 10 Well

Πεμ, 25 Απριλίου 2013 - 18:28

Genel Energy PLC (GENL.LN), an Anglo-Turkish oil and gas independent, Thursday reports a significant oil discovery in Chia Surkh following a second drill-stem test on the Chia Surkh 10 well, and said the well will now be suspended as a future producer.

Venezuela Declares Electrical Emergency, Denounces Sabotage

Venezuela Declares Electrical Emergency, Denounces Sabotage

Τετ, 24 Απριλίου 2013 - 16:33

Venezuela's new government started out its term by decreeing the electric sector in emergency on Tuesday, placing it under partial military control to combat alleged sabotage and address the persistent black-outs that sapped President Nicolas Maduro's support in the recent election.

Woodside Seeks to Finalize $1.2 Bln Israeli Gas Deal by June

Woodside Seeks to Finalize $1.2 Bln Israeli Gas Deal by June

Τετ, 24 Απριλίου 2013 - 16:33

Woodside Petroleum Ltd. (WPL.AU) aims to finalize a US$1.2 billion a deal to buy a 30% stake in a big natural gas field in the Mediterranean Sea by June, after talks with Israel were held up by a general election.

Rosneft CFO: TNK-BP Synergies Worth $2.4B in Next 3 Years

Rosneft CFO: TNK-BP Synergies Worth $2.4B in Next 3 Years

Τρι, 23 Απριλίου 2013 - 18:37

OAO Rosneft (ROSN.RS) sees $2.4 billion of synergies over the next three years from its integration with oil company TNK-BP, which it acquired last month, Chief Financial Officer Svyatoslav Slavinsky said Tuesday.

Iraq Security Forces Kill at Least 38 Mostly Sunni Protesters

Iraq Security Forces Kill at Least 38 Mostly Sunni Protesters

Τρι, 23 Απριλίου 2013 - 18:36

Iraq's security forces killed at least 38 mostly Sunni protesters and gunmen in the northern city of Hawija on Tuesday, escalating months of brewing sectarian tensions and protests into outright armed conflict.

EDF Cuts Jobs As UK Nuclear Project Awaits Decision

EDF Cuts Jobs As UK Nuclear Project Awaits Decision

Τρι, 23 Απριλίου 2013 - 18:36

Electricite de France SA (EDF.FR) is to cut the number of staff preparing the ground for the new Hinkley Point nuclear plant in the west of England as it awaits a decision from the U.K. government on the future of the project, the French state-controlled energy firm said Tuesday.

EU Plan To Buy Rebel Oil Act Of Aggression: Syria

EU Plan To Buy Rebel Oil Act Of Aggression: Syria

Τρι, 23 Απριλίου 2013 - 18:36

A European Union plan to buy oil from rebel-held areas of Syria is illegal and an "act of aggression," the Syrian foreign ministry warned Tuesday in letters to the United Nations.