English Edition

European Pipeline Loses Bid To Ship Gas

Πεμ, 27 Ιουνίου 2013 - 16:27

A centerpiece of the European Union's push to limit its reliance on Russian natural gas came to an unsuccessful conclusion Wednesday after the Nabucco West pipeline consortium lost its bid to ship gas from Azerbaijan into Europe.

Gazprom Sees 2013 Net Profit Dropping 10%

Πεμ, 27 Ιουνίου 2013 - 16:27

Russia's state-run gas giant OAO Gazprom (GAZP.RS) expects its 2013 net profit to fall 10%, as the cost of producing gas rises, the company's deputy chief executive, Andrei Kruglov, said Thursday, according to the Interfax and Prime news agencies.

Renewables Infrastructure Group to Raise GBP300M in London IPO

Πεμ, 27 Ιουνίου 2013 - 16:26

The Renewables Infrastructure Group, a newly incorporated Guernsey investment company focusing on onshore wind and solar photovoltaic energy generation assets, said Thursday it plans to raise up to 300 million pounds to buy a portfolio of onshore wind and solar PV energy generation assets, and list on the Main Market of the London Stock Exchange.

Aramco, Sinopec JV Refinery to Start Operations By End 2014 - Exec

Πεμ, 27 Ιουνίου 2013 - 16:26

Saudi Arabian Oil Co., or Aramco, and China Petrochemical Corp. or Sinopec Group, are expected to start their joint Yanbu, Saudi Arabia-based oil refinery operations by the end of 2014, a top executive from Aramco said Thursday.

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.