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Petrobras CFO: New Strategic Investment Plan May Be Ready By August

Τετ, 16 Μαΐου 2012 - 18:02

Brazilian state-run energy heavyweight Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, expects to release its 2012-2016 strategic investment plan "somewhere around August," Chief Financial Officer Almir Barbassa said late Tuesday.

EU Clears Angolan LNG JV By BP, Chevron, Eni, Sonangol, Total

Τετ, 16 Μαΐου 2012 - 18:01

The European Commission Wednesday approved the proposed acquisition of the Angolan company Angola LNG by leading energy players BP PLC (BP) of the U.K., Chevron Corp. (CVX) of the U.S., Italy's Eni SpA (E), Sociedade Nacional de Combustiveis de Angola (Sonangol) of Angola and France's Total SA (TOT).

Iraq Replaces Iran As India's Second-Largest Crude-Oil Supplier

Τετ, 16 Μαΐου 2012 - 18:01

Iraq has replaced Iran as India's second-largest crude-oil supplier in the recently ended financial year, preliminary government data showed Wednesday, as New Delhi cut shipments from Tehran ahead of impending sanctions from the U.S. and the European Union.

Russia Finance Ministry Proposes Saving Extra Oil Income

Τετ, 16 Μαΐου 2012 - 18:00

Russia's finance ministry has proposed using extra income from higher-than-expected oil prices to beef up the country's reserve fund and lower domestic borrowing, rather than increase spending, acting finance minister Anton Siluanov said Wednesday.

E.ON To Sell Gas Grid Unit To Macquarie Consortium For EUR3.2B

Τετ, 16 Μαΐου 2012 - 18:00

German utility E.ON AG (EOAN.XE) said Wednesday it has agreed to sell its natural-gas transmission grid to a consortium led by Australian bank Macquarie Group Ltd.'s (MQG.AU) infrastructure funds, in a deal worth EUR3.2 billion.

Azeri Oil, Natural-Gas Production Declined in First Four Months

Τετ, 16 Μαΐου 2012 - 15:04

Azerbaijan pumped less oil and natural gas in the first four months of the year compared with the same period a year earlier, the State Statistics Committee said on its website today.

Total Stops Elgin Leak

Τετ, 16 Μαΐου 2012 - 14:28

Total has managed to halt a long-running gas leak on the Elgin platform in the North Sea following a successful top kill operation.

Italy’s Eni in Major Mozambique Gas Find

Τετ, 16 Μαΐου 2012 - 14:27

Italian energy firm Eni has discovered an estimated 7-10 trillion ft³ (198.1bn-283bn m³) of gas in place at its Coral 1 exploration prospect in block 4 in the Rovuma basin offshore Mozambique.

Woodside Says Consortium Plans To Bid For Gas Exploration Blocks Off Cyprus

Δευ, 14 Μαΐου 2012 - 17:52

Woodside Petroleum Ltd. (WPL.AU) plans to take part in a consortium to bid for natural gas exploration blocks offshore Cyprus, Chief Executive Peter Coleman said Monday, in the latest sign of international interest in an emerging energy province following a series of big discoveries.

Kuwait Northern Oil Output To Grow To 800,000 B/Day By '13

Δευ, 14 Μαΐου 2012 - 17:52

Kuwait's oil output from its northern fields is currently at 700,000 barrels a day and is expected to grow to 800,000 barrels a day by March 2013, Kuwait-based Al Jarida daily reports Monday citing an executive.

Poland To Stop Setting Electricity Prices From Jan 2013

Δευ, 14 Μαΐου 2012 - 17:51

Poland will stop setting electricity prices for private individuals from January 2013 leading to an increase in prices of as much as 40%, Dziennik Gazeta Prawna Daily writes Monday quoting unnamed sources.

Shell Says Losing 43,000B/D Oil Due To Thefts In Nigeria Niger Delta

Δευ, 14 Μαΐου 2012 - 17:51

Shell Petroleum Development Company of Nigeria Ltd. loses at least 43,000 barrels of oil a day to crude theft and illegal bunkering in Nigeria's Niger Delta, a company's spokesman said Monday.

Romanian Transelectrica Profit Down Sharply On Costs

Δευ, 14 Μαΐου 2012 - 17:50

Romanian state-run power grid operator Transelectrica (TEL.RO) Monday said its first-quarter net profit fell 73% on the year to 43.6 million lei (EUR12.7 million), hit by lower operating profit and higher costs, news agency Mediafax reported.

15 Bidders for 9 Blocks in Cyprus Offshore Natural Gas

Παρ, 11 Μαΐου 2012 - 16:12

A mix of 15 bidders have applied for rights to explore nine blocks in the Cyprus offshore natural gas licensing round that ended on Friday. These include international heavyweights Total, Petronas, Gazprom, Marathon and ENI.

Shale Gas Explorer Says UK Production May Start in 2014

Παρ, 11 Μαΐου 2012 - 14:29

U.K.-based shale-gas explorer Cuadrilla Resources expects to resume drilling in northwest England later this year and could start gas production in 2014, Bloomberg News reported Friday, citing the company's chief executive.

Greek-owned Tanker Hijacked In Arabian Sea

Παρ, 11 Μαΐου 2012 - 14:28

A Greek-owned tanker has been hijacked in the Arabian Sea with a cargo of crude oil, the operating company said on Friday.