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Rosneft to Produce 5% of Global Oil after TNK-BP Deal – Sechin

Τρι, 23 Οκτωβρίου 2012 - 13:08

Russian state-controlled oil giant Rosneft will produce 5 percent of global oilafter acquiring all of TNK-BP, Rosneft CEO Igor Sechin said on Tuesday.

From Syria to Palestine: A Shift in Focus?

Δευ, 22 Οκτωβρίου 2012 - 17:04

If we analyze the geopolitics of the Middle East, what should be the principal focus? There is little agreement on an answer, and yet it is the key question. The Israeli government has been sedulously and constantly trying to make the focus be Iran. This has been considered by most observers as an effort to divert attention from Israel’s unwillingness to pursue serious negotiations with the Palestinians.

Statoil to Make $1.45B on Wintershall Oil Field Swap

Δευ, 22 Οκτωβρίου 2012 - 17:01

Norwegian oil company Statoil ASA (STO) has agreed a $1.45B deal with Wintershall AG (WSL.YY) to swap production licenses on the Norwegian continental shelf, and also to cooperate to increase oil recovery.

Map of Global Crude-Oil Trade to Be Redrawn in Next 5 Years -IEA Chief

Δευ, 22 Οκτωβρίου 2012 - 17:01

The global oil market is undergoing a major transformation involving shifting trade flows of crude oil and refined products, Maria van der Hoeven, the executive director of the International Energy Agency, said Monday.

Israel's Leviathan Partners Confirm Talks With Australia's Woodside

Δευ, 22 Οκτωβρίου 2012 - 17:01

The partners in Israel's large offshore Leviathan natural gas reserve confirmed Monday that they have approached Australia's Woodside Petroleum Ltd. (WPL.AU) about acquiring a share in Leviathan but didn't give details.

Iraqi Kurds Agree To Raise Oil Export To 250,000 B/D In 2013

Δευ, 22 Οκτωβρίου 2012 - 17:00

Top officials from the Kurdistan Regional Government, or KRG, in northern Iraq have agreed to export an average of 250,000 barrels a day in 2013, up from the current 170,000 to 200,000 barrels a day.

Sechin: TNK-BP Deal Could Be Financed Through Western Banks

Δευ, 22 Οκτωβρίου 2012 - 17:00

The head of Rosneft (ROSN.RS) said Monday that the deal for the state-run oil company to buy out both sides of the troubled TNK-BP joint venture could be financed by Western banks, Interfax reported.

Siemens to Exit Solar Energy as First Step of Group Overhaul

Δευ, 22 Οκτωβρίου 2012 - 16:59

Siemens AG (SIE.XE) plans to divest its solar business, the German industrial conglomerate said Monday, a first step in an overhaul to bolster profits.

Construction of Bulgarian Section of Nabucco Gas Pipeline Begins Jan 10, PM Says

Δευ, 22 Οκτωβρίου 2012 - 14:05

The construction of the Bulgarian section of Nabucco gas pipeline begins on January 10, prime minister Boyko Borisov said.

BP Board Meeting to Discuss Rosneft Offer Started At About 1400 GMT

Παρ, 19 Οκτωβρίου 2012 - 18:32

BP PLC's board meeting to discuss Russian oil giant OAO Rosneft's offer, said to be for about $25 billion, for the U.K. company's 50% stake in TNK-BP started at around 1400 GMT Friday, people familiar with the matter said. The bid, which could set the stage for a deal that would unwind a profitable but troublesome partnership for the British energy company, was expected to consist of cash and Rosneft shares, people familiar with the matter said late Thursday

Saipem Wins Contracts Worth $1.1 Bln in Brazil, Angola, Russia

Παρ, 19 Οκτωβρίου 2012 - 18:26

Saipem SpA , Europe's biggest oil services company by market value, said Friday it has won offshore engineering and construction contracts worth a total of $1.1 billion in Brazil, Angola and the Caspian Sea. In a statement, Saipem said it was given a contract by Petroleo Brasileiro for the Sapinhoa Norte and Cernambi Sul projects in the development of the pre-salt risers in the Santos Basin

Areva Appeals to Stay in Czech CEZ Nuclear Expansion Tender

Παρ, 19 Οκτωβρίου 2012 - 18:22

French Areva SA Friday appealed to stay in the bidding process for a roughly $10 billion project to expand a nuclear power plant in the southern Czech town of Temelin, operated by Czech power company CEZ AS. "Areva has provided detailed objections to each of the reasons for exclusion raised by CEZ and believes that its comprehensive and detailed offer, handed to CEZ in July, is in full compliance with the statutory requirements as well as the tender criteria," the French company said in a statement

PM: Russia Mulls Rosneft Share Sale in 2013, '14 - Reports

Παρ, 19 Οκτωβρίου 2012 - 18:17

Russia is considering selling a stake in state-controlled oil giant OAO Rosneft in 2013 and 2014, Russian First Deputy Prime Minister Igor Shuvalov was quoted as saying Friday by Russian newswires. "We are considering selling Rosneft shares next year and in 2014 and we believe that it [stake] will be sold, as soon as possible, when the time is best for the placement. That is the position both of the company's management and the head of the government," Prime and Interfax news agencies reported Mr. Shuvalov as saying