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Delek May Struggle to Obtain Tamar Financing

Delek May Struggle to Obtain Tamar Financing

Τετ, 12 Οκτωβρίου 2011 - 14:33

Delek Group Ltd. (TASE:DLEKG) controlling shareholder Yitzhak Tshuva is concerned about raising funds to develop the Tamar natural gas field. It will cost $3 billion to build a production platform and infrastructure to carry the gas from the rig to the coast. Delek needs to secure almost $1 billion by June 2012 at the latest.

Sinopec, Gazprom Forge Closer Ties

Sinopec, Gazprom Forge Closer Ties

Τετ, 12 Οκτωβρίου 2011 - 14:30

China's state-controlled oil firm Sinopec and Sibur Holidings, a subsidiary of Russian state-run gas monopoly Gazprom, have signed an initial deal to set up two joint chemical plants in Russia's Krasnoyarsk and China's Shanghai.

Greece-Italy Power Interconnector Off Line

Greece-Italy Power Interconnector Off Line

Τετ, 12 Οκτωβρίου 2011 - 14:29

The Greece-Italy power interconnector will be off line until 22 October as a result of a technical fault, Greek transmission system operator HTSO said.

Gazprom-led Sakhalin JVs Japanese LNG Market Share Now 8%

Gazprom-led Sakhalin JV's Japanese LNG Market Share Now 8%

Τρι, 11 Οκτωβρίου 2011 - 18:24

Sakhalin Energy Investment Co. now provides more than 8% of Japan's liquefied natural gas needs following additional cargoes shipped to the country in the wake of the devastating tsunami that severely damaged its nuclear capacity, said Chief Executive Andrei Galaev.

Nabucco Pipeline Could Be Delayed Again - OMV

Nabucco Pipeline Could Be Delayed Again - OMV

Τρι, 11 Οκτωβρίου 2011 - 18:24

The Nabucco gas pipeline, meant to wean Europe off of its dependency on Russian gas, could become operational a year later than planned, in 2018, Austrian stakeholder OMV (OMV.VI) said Tuesday.

Areva To Decide By Dec On Need To Phase-out Some German Ops

Areva To Decide By Dec On Need To Phase-out Some German Ops

Τρι, 11 Οκτωβρίου 2011 - 18:24

French nuclear group Areva S.A.(AREVA.FR) may decide in December whether to discontinue some of its activities in Germany once the country phases out its nuclear power operations, Chief Executive Luc Oursel tells German newspaper Handelsblatt in an advanced release of its Wednesday edition.

Total CEO: Libya Return To Prewar Production Level Seen By End 2012

Total CEO: Libya Return To Prewar Production Level Seen By End 2012

Τρι, 11 Οκτωβρίου 2011 - 14:34

Libya is currently producing slightly more than 300,000 barrels of a oil a day following its resumption of production after the overthrow of Colonel Moammar Gadhafi, with the country expected to return to prewar output levels by the end of 2012, Total SA (TOT) Chief Executive Christophe de Margerie said Tuesday.

Russia, China Resolve Oil Supply Dispute

Russia, China Resolve Oil Supply Dispute

Τρι, 11 Οκτωβρίου 2011 - 14:33

Russia and China have resolved a dispute on oil supplies, First Deputy Prime Minister Igor Sechin said Tuesday, local news agencies reported.

Petrobras CEO: Wont Cut Investment Due To Economic Uncertainty

Petrobras CEO: Won't Cut Investment Due To Economic Uncertainty

Τρι, 11 Οκτωβρίου 2011 - 14:33

Petroleo Brasileiro SA (PBR) isn't cutting its planned investment in new oil production despite the growing economic uncertainty, said the company's Chief Executive Jose Sergio Gabrielli de Azevedo Tuesday.

Resource-Efficiency: Europe Can Set a Global Example

Resource-Efficiency: Europe Can Set a Global Example

Τρι, 11 Οκτωβρίου 2011 - 14:31

The European Commission's roadmap for a resource-efficient Europe proposes a decent way forward to transform the Union into a sustainable economy, writes Bas de Leeuw from the World Resources Forum.

Iraq Delays 4th Energy Bid Round Until March 7

Iraq Delays 4th Energy Bid Round Until March 7

Δευ, 10 Οκτωβρίου 2011 - 18:29

Iraq will auction 12 exploration blocks on March 7 and 8 instead of Jan. 25 and 26 as previously planned, an oil ministry spokesman said Monday.

Novatek: 3Q Output 13.45BCM Of Gas

Novatek: 3Q Output 13.45BCM Of Gas

Δευ, 10 Οκτωβρίου 2011 - 18:29

Russian gas producer OAO Novatek (NVTK.RS) Monday said its natural gas output in the third quarter rose 58% from a year earlier to 13.45 billion cubic meters.