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ITGI-Poseidon Submits New Updated Proposal to Shah Deniz Consortium

Παρ, 8 Ιουνίου 2012 - 13:42

Poseidon consortium has gave updated proposal to Shah Deniz consortium on the route for transportation and Shah Deniz agreed to consider this proposal, said President of ITGI consortium Elio Ruggeri, APA reports.

BP Considers Pipeline Stakes

Παρ, 8 Ιουνίου 2012 - 13:18

BP is interested in taking a “meaningful stake” in either the Trans Adriatic Pipeline (TAP) or Nabucco West projects, the company's vice-president for Shakh Deniz Development Al Cook today said.

S&P Says Greece's Public Power Corp Likely To Default

Πεμ, 7 Ιουνίου 2012 - 17:52

Standard and Poor's Corp. Thursday said Greek utility Public Power Corp. (PPC.AT) will likely default in the near term, as a lack of resources to pay back its debt comes at a highly uncertain time in the country.

GDF Suez Co-CEO: US Unlikely To Be Huge Gas Exporter

Πεμ, 7 Ιουνίου 2012 - 17:52

The U.S. is too attached to its supply independence to become a huge natural-gas exporter, even though the country has been experiencing a substantial oversupply situation due to a shale-gas extraction boom over the past two years, Jean-Francois Cirelli, co-chief executive of French power operator GDF Suez SA (GSZ.FR), said Thursday.

Total CEO: OPEC Can Move To Prevent Oil Prices Drop

Πεμ, 7 Ιουνίου 2012 - 17:51

Total SA's (TOT) Chairman and Chief Executive Christophe de Margerie said Thursday he expects the Organization of Petroleum Exporting Countries to act to avert a slide in oil prices when oil ministers meet next week in Vienna, underscoring the energy major's concerns about the sharp drop in crude.

Algeria to Launch First Offshore Blocks

Πεμ, 7 Ιουνίου 2012 - 16:56

Algeria intends to launch a licensing round including offshore blocks for the first time within the next two years, according to Minister of Energy and Mining of Algeria, Youcef Yousfi.

BP Qualifies Shakh Deniz Ramp-up Timetable

Πεμ, 7 Ιουνίου 2012 - 16:55

The second phase of the Shakh Deniz gas development will reach plateau production depending on market conditions, BP has said, qualifying previous targets for a two-year ramp-up.

Govt Declares Bulgaria-Greece Gas Link Project of National Significance

Πεμ, 7 Ιουνίου 2012 - 15:35

Bulgaria's government declared the construction of a gas pipeline linking the country's network with Greece's network as a project of national significance.

TANAP Project to Cost Totally USD 7bn

Πεμ, 7 Ιουνίου 2012 - 15:30

The oil transport from Azerbaijan to Turkey will be resumed on Friday, SOCAR President Rovnag Abdullayev has told journalists.

China National Nuclear Power Plans A-Share IPO to Fund US$27.5Bln In Power Projects

Τετ, 6 Ιουνίου 2012 - 17:50

China National Nuclear Power Co. said Wednesday it is planning a Shanghai initial public offering that will go toward financing five power projects worth CNY173.5 billion ($27 billion), in a multibillion dollar deal that signals that the country's ramp up of nuclear power is moving forward.

China Oil Imports From Iran Unchanged -China Development Bank Chief

Τετ, 6 Ιουνίου 2012 - 17:49

Despite international pressure on China to cut its oil imports from Iran, imports from that country remain unchanged, China Development Bank Chairman Chen Yuan said Wednesday.

German Power, Gas Prices Could Rise After Court Grid Ruling

Τετ, 6 Ιουνίου 2012 - 17:49

Retail power and natural gas customers in Germany face rising energy bills after a higher regional court Wednesday ruled that the calculation methods used by the national regulator for power and gas grids are flawed.

EU Energy Chief Starts Debate on post-2020 Climate Policy

Τετ, 6 Ιουνίου 2012 - 17:49

The European Union must start to consider how to shape its climate policy after 2020, its energy commissioner said Wednesday as he raised the curtain on a debate about the future of one of the bloc's most ambitious policies.