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E.ON Russia Values Novatek Gas Deal at $22 Billion

Τρι, 28 Αυγούστου 2012 - 17:37

E.ON Russia (EONR.RS) said Tuesday that its contract to receive natural gas from Russia's biggest independent gas producer OAO Novatek (NVTK.RS) from 2013-2027 is worth around 702 billion Russian rubles ($22 billion).

Iraq's Oil Flow To Turkey Still On Hold On Power Failure

Τρι, 28 Αυγούστου 2012 - 17:36

Iraq's crude oil flow from Kirkuk oil fields to the Mediterranean port of Ceyhan was still on hold Tuesday because of power failure at pumping stations inside Turkey, an Iraqi oil ministry spokesman said.

Norway Oil Suppliers Shrug Off Domestic Output Decline

Τρι, 28 Αυγούστου 2012 - 17:36

Higher oil prices and global expansion efforts have helped Norway's oil-industry supply chain triple annual revenues over the past dozen years and momentum is expected to continue even as domestic petroleum production continues to fall, according to a report released Tuesday that was commissioned by Norway's government.

Greek Oil Tanker Hijacked By Pirates Off Togo Coast

Τρι, 28 Αυγούστου 2012 - 17:36

A Greek oil tanker carrying gasoil was hijacked by pirates off the coast of Togo early Tuesday, a spokesman for the ship operator told Dow Jones Newswires, marking another incident in a growing trend of piracy attacks in the Gulf of Guinea.

Bulgaria Picks Westinghouse Electric To Conduct Feasibility Study for New Unit at Kozloduy N-plant

Τρι, 28 Αυγούστου 2012 - 13:14

Bulgaria on Monday hired U.S.-based Westinghouse Electric Company to conduct a feasibility study for the construction of a new unit at Kozloduy nuclear power plant, energy minister Delyan Dobrev said.

Rise of Global LNG Challenges Gas Monopolies

Δευ, 27 Αυγούστου 2012 - 16:55

Liquefied natural gas (LNG) is now the fastest growing fuel in the world and spurred by new discoveries is set to challenge decades-old monopolies of traditional oil and gas powers in the Middle East or Europe.

Bulgarian Govt Unlikely to Yield to Demands to Cut Natgas Excise

Δευ, 27 Αυγούστου 2012 - 16:55

Bulgaria's Finance Ministry is not likely at this point to heed calls for the reduction of the excise duty on natural gas, newspaper Capital Daily reported on Thursday, quoting sources close to the incumbents.

Tanker Traffic in Straits Slows

Δευ, 27 Αυγούστου 2012 - 13:06

Tanker traffic in the Bosphorus and Çankakkale straits has eased due to both a slowdown in the global economy and the Baku-Tbilisi-Ceyhan pipeline, which was constructed in 2006.

Cyprus Sees Large Gas Signature Bonuses

Παρ, 24 Αυγούστου 2012 - 12:20

Cyprus plans to collect as much as 300 million euros ($374 million) in signature bonuses from energy companies that have bid to explore for natural gas off the Mediterranean island’s south coast.

Five Things to Know About Mitt Romney’s Energy Plan

Παρ, 24 Αυγούστου 2012 - 12:18

On Thursday in New Mexico, Mitt Romney is unveiling his latest energy plan (pdf). It’s easy enough to summarize: He wants North America to achieve energy independence by 2020. “North America is the fastest-growing oil and gas producing region in the world,” the plan notes. And Romney wants it to grow even faster.

First Solar to Develop Solar Farms in India

Παρ, 24 Αυγούστου 2012 - 12:15

First Solar Inc. (FSLR) is planning to expand in India, developing solar farms to meet the nation's increasing need for energy, Bloomberg reports Thursday.

Japan Econ Min Furukawa: Support Zero Nuclear Power Policy Due To Fukushima Disaster

Παρ, 24 Αυγούστου 2012 - 12:15

Japan's economy minister on Friday repeated his view that the country should end its reliance on nuclear power.

Hungary Shrugs Off Concerns on South Stream Participation

Παρ, 24 Αυγούστου 2012 - 12:14

Concerns that the Russian-backed South Stream natural gas pipeline will bypass Hungary are unfounded, business daily Napi Gazdasag reports Friday citing a the Devlopment Ministry.