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Rosneft Board Approves TNK-BP, Venezuela Deals

Πεμ, 13 Δεκεμβρίου 2012 - 17:12

The total cost of Russian oil giant OAO Rosneft's (ROSN.RS) deal to buy 50% of TNK-BP Ltd. from the AAR consortium of tycoons will be $28 billion plus interest at 3.75% per annum from Oct. 16 to the closing date of the deal, Rosneft said in a statement Thursday, confirming its board had approved the deal.

Greek Workers Protest Against New Bill Concerning Renewables

Τετ, 12 Δεκεμβρίου 2012 - 18:12

The people who work for the renewable energy sector in Greece announced today that the new government bill will end all growth for RES and will lead to even further disruptions in the Greek economy.

Greece Thirsting for Investment, Set for Upswing, Minister Says

Τετ, 12 Δεκεμβρίου 2012 - 17:55

Greece is "thirsting" for foreign investment in sectors such as energy and tourism, and is well positioned for an economic upswing, the country's development minister Costis Hatzidakis says in an interview published Wednesday.

First Shipments Of Angola LNG Expected In 1Q 2013 - Oil Minister

Τετ, 12 Δεκεμβρίου 2012 - 17:55

Angola LNG is expected to start regular exports of liquefied natural gas in the first quarter on next year and will target non-U.S. buyers in Europe and Asia, oil minister Jose Maria Botelho de Vasconcelos said Wednesday.

OPEC Panel Recommended Iraqi, Saudi Candidates To Lead Group

Τετ, 12 Δεκεμβρίου 2012 - 17:55

A panel of OPEC representatives who interviewed candidates to replace the group's outgoing Secretary General in October recommended that either the Saudi or Iraqi candidates for the job be chosen, said two OPEC delegates Wednesday.

Slovakia Approves GDF, E.ON Sale Of Gas Utility Stake

Τετ, 12 Δεκεμβρίου 2012 - 17:54

The Slovak government said Wednesday it had approved the sale of a minority 49% stake in gas supplier SPP, held by GDF Suez (GSZ.FR) of France and Germany's E.ON Ruhrgas, to a Czech buyer.

Bulgaria’s Gas Output Seen at 490 Mln Cu M in 2012, 575 Mln Cu M in 2013

Τετ, 12 Δεκεμβρίου 2012 - 14:42

Bulgaria's domestic production of natural gas this year is expected to reach 490.1 million cubic metres (cu m), the country's economy ministry said.

Bulgaria Invites Bids for Energy Efficiency Projects in 167 Public Buildings – EBRD

Τετ, 12 Δεκεμβρίου 2012 - 14:41

Bulgaria is inviting bids for the implementation of energy efficiency measures in a total of 167 public buildings across the country, the European Bank for Reconstruction and Development (EBRD) said.

Eastern Mediterranean Region May Play a Decisive Role in the Supply of Energy to Europe

Τρι, 11 Δεκεμβρίου 2012 - 17:11

Current developments in the energy sector and the prospects from the exploitation of natural gas within Cyprus’ Exclusive Economic Zone (EEZ) as well as future cooperation with Israel were the focus of the 2nd Cyprus Energy Forum which took place, on Thursday, in Nicosia.

Gazprom Sees Breakthrough on Eastern Program

Τρι, 11 Δεκεμβρίου 2012 - 16:44

Russian gas giant OAO Gazprom (GAZP.RS) sees a breakthrough on its eastern program, Alexei Miller, the company's chief executive, told reporters in Yakutsk Tuesday.

GDF Suez to Accept French Gas Tariff Increase Set by Govt

Τρι, 11 Δεκεμβρίου 2012 - 16:43

Gerard Mestrallet, the chief executive of GDF Suez SA (GSZ.FR), Tuesday said his company will accept the 2.4% increase in natural gas tariff set by the French government from Jan. 1, as the hike reflects its supply cost increase.

OPEC Keeps Forecast for World Oil Demand Unchanged

Τρι, 11 Δεκεμβρίου 2012 - 16:43

OPEC Tuesday held steady forecasts of demand for its own crude, a move that could signal the group will maintain its combined oil production ceiling of 30 million barrels a day when it meets Wednesday in Vienna.

Total CEO: New Peak Oil Production Seen at 98 Mln Barrels/Day

Τρι, 11 Δεκεμβρίου 2012 - 16:43

New discoveries and technological advances have increased the oil industry's ability to increase production in recent years, pushing global maximum oil production to 98 million barrels per day for longer than initially expected, Total SA's (TOT) Chairman and Chief Executive Christophe de Margerie said Tuesday.

Rosneft Nears Agreement With AAR on $28 Billion TNK-BP Stake Sale

Τρι, 11 Δεκεμβρίου 2012 - 16:42

Russian oil giant OAO Rosneft (ROSN.RS) is planning to announce as early as Tuesday that it has finalized an agreement with a group of Soviet-born billionaires to buy their 50% stake in oil venture TNK-BP (TNBP.RS) for $28 billion, according to people familiar with the matter.

Tehran Denies Iranian Missile Experts in North Korea

Τρι, 11 Δεκεμβρίου 2012 - 16:42

Iran Tuesday denied a South Korean report that its missile experts were in North Korea offering technical assistance for the planned launch of a long-range rocket.

PPC Asks for 25% Average Hike in Electricity Bills

Τρι, 11 Δεκεμβρίου 2012 - 16:12

Greek utility, PPC, has asked the national regulating authority (RAE) for an average hike of 25% in the 2013 electricity bills. Those increases will be implemented in three different stages, starting from 1/1/2013 until 1/7/2013.