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Total Buys Stakes In Ultra-Deepwater Licenses Off Ivory Coast

Παρ, 17 Φεβρουαρίου 2012 - 18:41

Total (TOT, FP.FR) Friday said it signed production sharing agreements with the Ivory Coast state and national oil company Petroci for three new ultra-deep offshore licenses.

Statoil, ExxonMobil Encounter Hydrocarbons Offshore Tanzania

Παρ, 17 Φεβρουαρίου 2012 - 18:41

Norwegian oil company Statoil ASA (STO) and partner ExxonMobil Corp. (XOM) Friday confirmed that the Zafarani-1 well in Block 2 offshore Tanzania has encountered indications of natural gas in a good quality reservoir.

Petroplus German Retail Operations Back To Normal

Παρ, 17 Φεβρουαρίου 2012 - 18:40

The administrator of the German subsidiaries of Petroplus Holdings AG (PPHN.EB) said Friday that retail operations have been stabilized, and said that the company is supplying around 40,000 customers in the state of Bavaria.

Gazprom Lowers Gas Prices on Long Term Contracts for the EU and Turkey

Παρ, 17 Φεβρουαρίου 2012 - 17:42

Russia’s natural gas monopoly Gazprom reduced the gas price under long-term contracts for consumers in the EU and Turkeyby 10 percent, The Financial Times reported on Friday.

Oil and Gas Refinery in Azerbaijan to Be Commissioned in 2020

Παρ, 17 Φεβρουαρίου 2012 - 17:15

Proposals have been prepared and work is under way to form a modern Gas Refinery and Petrochemical Complex in Azerbaijan.

Shell and Petromanas Plan to Begin Exploration Work in Albania

Παρ, 17 Φεβρουαρίου 2012 - 14:47

Albania's Prime Minister Sali Berisha received this week the executives of Petromanas Energy Inc. and Shell Oil Company, Petromanas' General Manager Glen McNamara and Shell's vice president for international strategy Marcus Antonini. Both companies exercise their activity in the field of oil and gas.

Bulgaria: Energy Law Passed First Reading in Energy Commission in Parliament

Παρ, 17 Φεβρουαρίου 2012 - 14:46

The energy law transposing into national legislation Directives 2009/77/EC and 2009/73/EC was presented to MPs on February 15, 2012. Bulgaria’s power market opened to competition in theory in 2007 but only big industrial plants can currently choose their power distributor.

Libya's Production Of Crude And Condensates Tops 1.4M B/D-Oil Chief

Πεμ, 16 Φεβρουαρίου 2012 - 18:52

Libya's production of crude and condensates has risen above 1.4 million barrels a day, the country's oil chief said Thursday, as a faster-than-expected recovery in the North African country brings much-needed relief to markets jittered by tensions with Iran.

Rwanda To Spend $1B On Geothermal Exploration By 2017

Πεμ, 16 Φεβρουαρίου 2012 - 18:52

Rwanda will invest about $1 billion in geothermal energy development in the next five years, The New Times newspaper reports Thursday, citing Stephen Alumasa, a consultant at the Energy Water and Sanitation Agency.

Wingas: Russian Gas Shipments Back To Normal As Of Thursday

Πεμ, 16 Φεβρουαρίου 2012 - 18:51

Wingas GmbH--Germany's second largest importer of natural gas behind E.ON AG's (EOAN.XE) E.ON Ruhrgas--said Thursday gas shipments from Russia have returned to normal after a cold spell across Europe resulted in reduced deliveries as Russia struggled to meet increased demand.

Israeli PM, Cyprus President Talk On Energy Cooperation

Πεμ, 16 Φεβρουαρίου 2012 - 18:51

Israeli Prime Minister Benjamin Netanyahu held talks in Nicosia Thursday with Cypriot leaders on energy cooperation and economic ties, during a landmark visit to the east Mediterranean island.

KIDSF Fund To Provide 110 Mln Euro for Energy Sector Projects in Bulgaria

Πεμ, 16 Φεβρουαρίου 2012 - 14:06

Bulgaria's energy ministry said that funding applications can now be submitted for 110 million euro ($144.5 million) in grant financing that the Kozloduy International Decommissioning Support Fund (KIDSF) will disburse for energy sector projects.

Russian company Transneft Has Not Given Up on the Burgas-Alexandroupolis Oil Pipeline Project

Πεμ, 16 Φεβρουαρίου 2012 - 14:06

Russian company Transneft has not given up on the Burgas-Alexandroupolis oil pipeline project, the company's Deputy President Mikhail Barkov has revealed.