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Rosneft, BP CEOs to Sit on Committee Steering Rosneft, TNK-BP Integration

Πεμ, 20 Δεκεμβρίου 2012 - 18:16

BP PLC Chief Executive Bob Dudley will sit on the steering committee coordinating the integration of Russian oil company TNK-BP Holding and state-controlled oil giant OAO Rosneft , the companies said in a statement Thursday. Rosneft is acquiring TNK-BP, Russia's number three oil producer, from BP and its partners in deals worth $55 billion that will create the world's largest listed crude producer. BP will hold a 19.8% stake in Rosneft as part of its deal to sell out of TNK-BP

Poland Threatens to Sue Gazprom Again if Left Out of Price Cuts

Πεμ, 20 Δεκεμβρίου 2012 - 18:13

Polish gas firm PGNiG SA will restart arbitration proceedings against Russia's OAO Gazprom if it isn't included in the group of European companies that are supposed to get lower prices of Russian natural gas, said Poland's Treasury Minister Mikolaj Budzanowski. "If we don't immediately get the discount, we'll intervene and again file an arbitration law suit," Mr. Budzanowski told reporters Thursday. "But I don't think it will come to this. Since 2004, we've been in the European Union and since forever in Europe.

Turkey Interested in Yemen LNG, Investment

Πεμ, 20 Δεκεμβρίου 2012 - 18:08

Turkey wants to buy some shipments of Yemen's liquefied natural gas and is interested in investing in the country's hydrocarbon sector, Yemen's oil ministry said. The country, which relies on imported energy and is struggling to diversify its suppliers, can submit its bids for Yemeni LNG cargoes and negotiate prices, Yemen's oil Minister Ahmed Dares said in a statement posted on the ministry website

Cyprus Says Makes Strides In Offshore Energy Search

Πεμ, 20 Δεκεμβρίου 2012 - 18:05

Cyprus said Wednesday it was making good progress with a second round of licensing for exploratory drilling aimed at exploiting offshore oil and gas deposits. In October drilling permits, subject to negotiation, were approved for blocks 2, 3, 9 and 11, and on Wednesday block 10 was also added to the lis

Gazprom Sees Lower Investments, Gas Prices In 2013

Τετ, 19 Δεκεμβρίου 2012 - 17:38

OAO Gazprom (GAZP.RS) foresees lower investments in 2013 of 841.1 billion Russian rubles ($27.2 billion) compared with this year and expects lower prices for natural gas exports to Europe, a Gazprom official who didn't want to be named said Wednesday.

China State Council to Promote Mergers in Solar Power Sector

Τετ, 19 Δεκεμβρίου 2012 - 17:37

China's State Council, or cabinet, on Wednesday said it would promote consolidation in the domestic solar energy industry, as part of efforts to turn around a sector plagued by high debt.

EU OKs Allowances for Czech and Hungarian Electricity Sector

Τετ, 19 Δεκεμβρίου 2012 - 17:37

Hungary and the Czech Republic on Wednesday won approval from the European Union regulators for their plans to modernize their electricity sector, which involves the allocation of carbon-emission-trading allowances free of charge.

Greece and TAP Begin Host Government Agreement Talks

Τετ, 19 Δεκεμβρίου 2012 - 16:28

The Trans Adriatic Pipeline (TAP) and the Greek government today formally initiated the process to conclude the Host Government Agreement that will govern the group’s investment. At 1.5 billion Euros, this is expected to be the single largest current Foreign Direct Investment (FDI) in Greece.

PPC Customers in for a Shock

Τετ, 19 Δεκεμβρίου 2012 - 15:24

Hundreds of Public Power Corporation clients protested inside and outside the company’s headquarters in central Athens on Tuesday as PPC chief Arthouros Zervos told Parliament that the rate hikes the corporation is proposing for 2013 amount to ‘only 15 euros per month per household.’

High Power Demand in Greece Because of the Expensive Heating Oil

Τρι, 18 Δεκεμβρίου 2012 - 18:28

This winter, many Greeks are forced to use air conditioners and other electrical appliances for heating because of the high price of oil and its higher taxation. Consequently, the demand for electricity has risen considerably in December, according to the data available from the network administrator, ADMIE.

Inpex Signed up to $20 Bln in Loans for Ichthys LNG Project

Τρι, 18 Δεκεμβρίου 2012 - 17:49

Inpex Corp. (1605.TO) has signed loan contracts for up to $20 billion with more than 30 financial institutions for its $34 billion Ichthys liquefied natural-gas project-enough to fund the Australian enterprise to completion, according to the Japanese upstream energy company.

Turkey Interested in Yemen LNG, Investment -Yemen Ministry

Τρι, 18 Δεκεμβρίου 2012 - 17:49

Turkey wants to buy some shipments of Yemen's liquefied natural gas and is interested in investing in the country's hydrocarbon sector, Yemen's oil ministry said.

EU Funds for Carbon Capture and Storage Remain Unclaimed

Τρι, 18 Δεκεμβρίου 2012 - 17:48

Hundreds of millions of euros in European Union funding for a clean energy technology program that would even allow coal to be turned into a clean fuel remain unclaimed due to lack of guarantees by private sponsors and governments, reflecting hurdles to the development of carbon capture and storage technologies.

Italy's Saras Signs Joint Venture Cooperation Deal with Rosneft

Τρι, 18 Δεκεμβρίου 2012 - 17:48

Saras SpA (SRS.MI), one of Italy's biggest oil refiners by capacity, said Tuesday it has signed a cooperation agreement with Russian state-controlled oil company OAO Rosneft (ROSN.RS).

Borisov: Construction of Bulgaria-Greece gas Link to Start in March

Τρι, 18 Δεκεμβρίου 2012 - 12:22

The construction of the Bulgaria-Greece gas grid interconnection is to start in March 2013, according to Prime Minister Boyko Borisov. Borisov's statement came Monday at a joint press conference with his Greek counterpart Antonis Samaras. The gas grid interconnection was negotiated in April 2009, when Bulgaria and Greece signed a Memorandum of Understanding on the project.

Three Supermajors Interested in Greek Hydrocarbons

Δευ, 17 Δεκεμβρίου 2012 - 17:56

Oil supermajors Total, Statoil and ExxonMobil have expressed their interest for the results of the seismic surveys that are being conducted right now in the area of the Ionian Sea and south of Crete by Norwegian PGS.