English Edition

Kogas Secures $127.5M Iraq Gas Pipeline Contract, Says Official

Τρι, 23 Οκτωβρίου 2012 - 16:50

Korea Gas Corp. (036460.SE), known as Kogas, on Tuesday signed a deal with the Iraqi government worth up to $127.5 million to build two pipelines to carry gas from oil fields in Kirkuk, northern Iraq, to Baiji refinery north of the capital Baghdad, a senior Iraqi oil official said.

Iraq Invites Bidders for Nassiriya Oil Field, Refinery Project

Τρι, 23 Οκτωβρίου 2012 - 16:49

Iraq's oil ministry Tuesday invited international companies to bid to develop the giant Nassiriya oil field in southern Iraq and build a nearby refinery in a package deal.

Russia Gazprom Launches Arctic Bovanenkovo Gas Field

Τρι, 23 Οκτωβρίου 2012 - 16:49

Russian gas monopoly OAO Gazprom (GAZP.RS) officially launched a new gas field, Bovanenkovo, in the Arctic peninsula Yamal Tuesday, designed to boost the company's overall capacity and ensure shipments to Europe.

Greece, Troika to Lower Privatisation Targets

Τρι, 23 Οκτωβρίου 2012 - 16:48

Greece and its international lenders may agree to lower the country's privatisation targets for the next three years, newspaper Kathimerini reported on Tuesday, citing a draft document.

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.