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Iran's Top Oil Official: World Needs Iran's Oil, Gas

Παρ, 25 Νοεμβρίου 2011 - 19:12

The head of Iran's national oil company warned Friday that world energy markets couldn't do without the country's oil and gas, after France Thursday reiterated a call to ban Tehran's crude from Europe.

Lukoil To Drill 2 To 4 Wells In Ghana Next Year

Παρ, 25 Νοεμβρίου 2011 - 19:12

Russia's biggest independent oil producer, OAO Lukoil Holdings (LKOH.RS), is keen to keep drilling off the coast of Ghana despite two dry wells this year, and plans to drill another two to four wells there in 2012, the company's Deputy Chief Executive Leonid Fedun said Friday.

EU Ban On Iran Oil Would Have Limited Effect -IEA

Παρ, 25 Νοεμβρίου 2011 - 19:11

If Europe were to decide to ban imports of crude oil from Iran, it would have a limited impact on the Iranian oil industry, says David Fyfe, head of oil markets at the International Energy Agency.

EU To Give Bulgaria Extra 185 Mln Euro for Shutting Down N-Plant Units

Παρ, 25 Νοεμβρίου 2011 - 16:11

The European Commission proposed on Thursday to provide a further 185 million euro ($247.7 million) in assistance to Bulgaria until 2020 to support the decommissioning of nuclear power plant Kozloduy's old reactors.

Four Big Investments Eyeing Fast Track Licensing

Παρ, 25 Νοεμβρίου 2011 - 16:11

Four major projects, running to a total cost of around 3.5 billion euros, are expected to pass the scrutiny of an interministerial committee for strategic investments within the next couple of weeks before it is decided whether they are eligible to enter the streamlined licensing system for investments known as Fast Track.

EU Takes Bulgaria to Court for Non-Compliance with Gas Market Rules

Παρ, 25 Νοεμβρίου 2011 - 14:57

The European Commission said on Thursday it will take Bulgaria and Romania to court over non-compliance with the EU gas market rules. "The European Commission considers that Bulgaria and Romania are still not fully in line with EU gas market rules and has therefore decided today to take these countries to the EU Court of Justice," it said in a statement.

Oil Exploration Facility Attacked In East Turkey - Minister

Πεμ, 24 Νοεμβρίου 2011 - 17:48

An oil research and exploration facility in the south east of Turkey was attacked by Kurdish militants, Turkey's Energy Minister Taner Yildiz said Thursday.

EU Offers New Funds To Shut Down Soviet-Era Reactors

Πεμ, 24 Νοεμβρίου 2011 - 17:47

The European Commission offered Thursday an additional EUR500 million in European Union aid for Bulgaria, Lithuania and Slovakia to put Soviet-era nuclear reactors out of service for good.

Gazprom Says To Buy 100% Of Beltransgaz On Friday - Interfax

Πεμ, 24 Νοεμβρίου 2011 - 17:47

Russian state gas firm OAO Gazprom (GAZP.RS) will Friday sign a deal to increase its stake in Belarussian gas pipeline company Beltransgaz to 100%, the Interfax news agency reports Thursday citing Gazprom Chief Executive Alexei Miller.

Early Nuclear Stress Test Reports Highlight Issues

Πεμ, 24 Νοεμβρίου 2011 - 17:46

Preliminary national reports on the safety of nuclear plants in the European Union show that some will have to improve resistance to damages from flooding, earthquakes and power losses, the European Commission said Thursday, offering the first feedback on a closely watched safety check.

China Signs Deal With Turkmenistan To Boost Gas Supply

Τετ, 23 Νοεμβρίου 2011 - 16:19

Turkmenistan's agreement to boost its supply of natural gas to China by nearly two-thirds significantly expands the world's largest energy consumer's access to the clean-burning fuel, the sourcing of which is a key concern in China, where winter shortages are common.