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Chevron May Start Drilling for Shale Gas in Bulgaria 2015

Τρι, 13 Δεκεμβρίου 2011 - 15:52

US energy giant Chevron will start its exploratory drillings for shale gas in Bulgaria in 2015 if the country does not have moratorium in place abolishing shale gas exploration on its territory by then.

Turkey: Russian Gas Deals at Risk as Bids Rejected

Τρι, 13 Δεκεμβρίου 2011 - 15:45

Turkey’s Energy Market Regulation Association (EPDK) started to return applications of the firms that applied to Gazprom to replace state-run Botaş, which is scheduled to cancel its ongoing deal for 6 billion cubic meters, as the 24 companies could not yet reach an agreement with the Russian company.

BG, Eni Expected To Sign Kazakhstan Agreement This Week

Δευ, 12 Δεκεμβρίου 2011 - 16:58

The Kazakh state oil company, KazMunaiGas, is expected to sign an agreement this week with BG Group PLC (BG.LN) and Italy's Eni SpA (E) to acquire a 10% interest in the Karachaganak Petroleum Operating company for $1 billion, ending a bitter two-year tax dispute over the oil field, the Financial Times reports Monday.

EDF Won't Bid For Le Treport Wind Farm Project

Δευ, 12 Δεκεμβρίου 2011 - 16:58

French state-controlled utility Electricite de France SA (EDF.FR) has decided not to bid for the development of a wind farm in Le Treport in northern France, reports French business daily Les Echos Monday.

Socar Sees Shah Deniz-2 Export Route By End-March 2012

Δευ, 12 Δεκεμβρίου 2011 - 16:57

The Shah Deniz consortium will choose a route for transporting Azerbaijani gas to Europe by the end of the first quarter of 2012, the State Oil Company of Azerbaijan said Monday.

Total 2012 Output Seen Boosted By Two Buys

Δευ, 12 Δεκεμβρίου 2011 - 16:57

Total's (TOT, FP.FR) production in 2012 should get a significant boost from two important acquisitions announced last week, says Societe Generale, refering to the buy from GDF Suez (GSZ.FR) of assets in Elgin Franklin Oil and Gas and the increase of its stake in Russia's Novatek (NVTK.RS).

OPEC Downgrades 2012 World Oil Demand Growth By 100,000 B/D

Δευ, 12 Δεκεμβρίου 2011 - 16:56

OPEC has cut its global oil demand growth forecast by about 100,000 barrels a day for 2012, a delegate said Monday.

Portugal Receives Bids For EDP Stake Above Market Price

Δευ, 12 Δεκεμβρίου 2011 - 16:55

All four bidders for Portugal's 21% interest in EDP-Energias de Portugal SA (EDP.LB) have offered a premium over the EUR1.9 billion market value of the stake, with China's Three Gorges Corp. leading the pack, a person familiar with the deal said Monday.

Cypriot Gov't Approves Delek Option for Block 12

Δευ, 12 Δεκεμβρίου 2011 - 16:16

Delek Group Ltd. units Avner Oil and Gas LP and Delek Drilling LP today notified the TASE that, the Cypriot government approved the transfer of 30% of the rights in Block 12 to the two companies from Noble Energy Inc.

Sinopec Agrees to Increase Australian LNG Project stake to 25 Percent

Δευ, 12 Δεκεμβρίου 2011 - 16:15

China Petrochemical Corp., Asia’s biggest refiner, agreed to invest an estimated $1 billion to increase its stake in an Australian liquefied natural gas project led by ConocoPhillips (COP) and Origin (ORG) Energy Ltd.

Three Turkish Companies are the Front Runners for a Gas Contract with Russia’s Gazprom

Δευ, 12 Δεκεμβρίου 2011 - 16:11

Three Turkish companies are the front runners to secure a gas contract with Russia’s Gazprom for the West Pipeline, according to Reuters sources reports Hurriyet Daily.

GDF Suez Plans To Increase Installed Capacity To 150GW By 2016

Παρ, 9 Δεκεμβρίου 2011 - 18:42

French power company GDF Suez SA (GSZ.FR) Friday said it targets an increase of its installed power generation capacity to 150 gigawatts by 2016, of which 90GW outside Europe and to increase its renewable installed capacity by 50% by 2015 compared with 2009, as part of its development strategy.

EU: Support Growing In Durban But Not There Yet To Agree On Roadmap

Παρ, 9 Δεκεμβρίου 2011 - 18:41

Support is growing for setting a roadmap toward a new global, binding agreement at the international climate change negotiations, but there is still no agreement, the European Union said in a statement Friday, the last day of talks.

TNK-BP Board To Mull Legal Action Against BP And AAR

Παρ, 9 Δεκεμβρίου 2011 - 18:41

Directors at BP PLC's (BP) Russian joint venture TNK-BP Ltd. will at a board meeting later Friday not only discuss the possibility of legal action against the U.K. oil major but also against its Russian billionaire partners, a person familiar with the matter said.

Libya Issues 1 Million Bbl Tender For Sarir Crude In Dec - Traders

Παρ, 9 Δεκεμβρίου 2011 - 18:41

Libya has issued another tender for Sarir crude oil in December, traders told Dow Jones Newswires Friday.

Novatek To Double Gas Output By 2020

Παρ, 9 Δεκεμβρίου 2011 - 18:40

Russian independent natural gas producer OAO Novatek (NVTK.RS) expects to more than double output to around 115 billion cubic meters a year by 2020, the company said Friday.