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Noble Energy to Release Initial Block 12 Results This Week

Δευ, 26 Δεκεμβρίου 2011 - 10:24

Noble Energy Inc. expects to release the initial results on the Aphrodite structure from its exploratory well at Block 12 in Cypriot waters later this week. Sources inform ''Globes'' that the company has received the results from the exploratory well, located 40 kilometers north of Israel's Leviathan natural gas field.

EU Carbon Prices Jump

Παρ, 23 Δεκεμβρίου 2011 - 19:50

Prices of carbon on the European market jumped as much as 30% Tuesday, after a European Parliament committee supported action to withdraw permits from the market in an effort to boost prices. An overwhelming majority of the parliament's Environment Committee backed an amendment to an energy efficiency draft law proposed earlier this year by the European Commission

Ex Deputy Energy Minister Appointed Head of Nabucco Bulgaria

Παρ, 23 Δεκεμβρίου 2011 - 19:33

Mariy Kosev, former Deputy Minister of Economy, Energy and Tourism, has been appointed Managing Director of Nabucco Bulgaria, Nabucco Gas Pipeline International GmbH said in a statement. Kosev will succeed Kiril Temelkov, who was appointed CEO of state-owned Bulgartransgaz in June. In July, Temelkov was appointed temporary head of Bulgaria's "National Nabucco Company" until a suitable person was found to fill the position

Bulgaria Asked to Repay 255.6 Mln Euro Loan for Belene N-plant Project

Παρ, 23 Δεκεμβρίου 2011 - 19:29

An unnamed French bank has asked Bulgaria to start repaying a 500 million lev ($333.5 million/255.6 million euro) loan extended for the Belene nuclear power project, Prime Minister Boiko Borisov said on Thursday. The loan, taken out by the previous government, is due to be repaid in May 2012, the Bulgarian News Agency (BTA) said

Iran Preoccupied By Plunging Currency

Τετ, 21 Δεκεμβρίου 2011 - 18:55

Iranian officials, lawmakers and media on Wednesday worriedly snapped their focus on their country's sanctions-hit economy amid a sudden and accelerating plunge in the currency. The currency, the rial, was trading at 15,800 to the dollar--its lowest point ever--an indication of the fragility of the economy as ramped-up Western sanctions bit

Siberian Court Rejects TNK-BP Shareholders' Appeal Against BP

Τετ, 21 Δεκεμβρίου 2011 - 18:54

A Siberian arbitration court said Wednesday it had rejected an appeal by minority shareholders in BP PLC's Russian joint venture, OAO TNK-BP Holding, in a $2.8 billion lawsuit, marking a small victory for the U.K. oil major. The plaintiffs--led by Andrey Prokhorov who owns a 0.0000106% stake in TNK-BP--claim two BP-appointed directors on the TNK-BP board unlawfully blocked the company's efforts to promote itself rather than BP as a partner of state-controlled oil company OAO Rosneft in an Arctic exploration alliance that collapsed in May

Italian Edison Holders To Make New Split-Up Offer To EDF

Τετ, 21 Δεκεμβρίου 2011 - 18:52

Italian shareholders in utility Edison SpA will make a new offer to Electricite de France SA to split up Edison at a board meeting Wednesday, two Edison shareholders said Wednesday. The proposed agreement would swap investment vehicle Delmi's 30% stake in Edison, Italy's second-largest utility, in exchange for Edipower, a company that owns nine power plants with a 6,000-megawatt generating capacity

Shell: 319 Barrels Of Drilling Fluid Leaked Into Gulf Of Mexico

Τρι, 20 Δεκεμβρίου 2011 - 19:34

Royal Dutch Shell PLC said Monday it had temporarily abandoned a deepwater well in the Gulf of Mexico after it spilled 319 barrels of fluid used to drill the well. A company spokeswoman said the leak on its Deepwater Nautilus rig occurred Sunday while drilling the well in about 7,200 feet of water southeast of New Orleans. Shell said it has stopped the leak and will temporarily abandon the well while it makes repairs, said spokeswoman Kelly op de Weegh. She did not have an estimate of how long the repairs would take

A2A, Iren Aim To Create Diversified Utility After Exchanging Edison Holdings

Τρι, 20 Δεκεμβρίου 2011 - 19:26

A2A SpA and Iren SpA, Italian utilities and major shareholders of Edison SpA, are willing to give up their holdings in Edison in exchange for all the assets of Edipower, which include hydroelectricity plants and combined cycle gas plants, and even taking on its EUR1.1 billion debt, La Repubblica reported in its Internet edition Tuesday, without citing sources

Gazprom More Than Doubles 2011 Dividends

Τρι, 20 Δεκεμβρίου 2011 - 19:24

Russian state-controlled gas producer OAO Gazprom said Tuesday it would more than double dividend payments this year, in a sign that the government is seeking more cash from state companies to fill a budget deficit. Gazprom--the world's biggest producer of natural gas--said its board will recommend a total dividend payout of 198.62 billion rubles ($6.19 billion) or RUB8.39 per share. The company paid RUB91 billion in dividends to shareholders in 2010

U.S. Oil Majors' Spending Sparks Concerns About Higher Costs

Δευ, 19 Δεκεμβρίου 2011 - 18:54

Major U.S. oil companies are set to spend more than ever next year, as they bolster funding for massive projects world-wide. But the outlays are raising concerns that the multibillion-dollar budgets are being driven by labor, materials and currency costs.