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Prinos Well On Stream

Prinos Well On Stream

Athens-based Energean Oil & Gas has successfully completed and brought online its PA-35 production well on the Prinos field in Greece.

Montenegro Lures Greek Explorers for Hydrocarbon Exploration

Montenegro Lures Greek Explorers for Hydrocarbon Exploration

Fifteen international companies have expressed interest in searching for oil and natural gas off Montenegro as the tiny Balkan state looks to lessen its dependence on energy imports, the country’s Economy Ministry said today.

IEA Report: China Oil Cos Autonomous From Govt, Boost Supplies

IEA Report: China Oil Cos Autonomous From Govt, Boost Supplies

China's state oil companies are operating autonomously and are helping boost oil supplies globally, an energy watchdog said in a report Thursday, contrary to a widespread perception that they are acting under the sole orders of the country's government.

Shtokman Faces New Delays On Low Gas Demand

Shtokman Faces New Delays On Low Gas Demand

The giant Shtokman gas project in Russian Arctic waters faces new delays due to low gas demand and disagreements between shareholders over the project's design, government and company officials said Thursday.

Rosneft Fully Replaced Hydrocarbon Reserves In 2010

Rosneft Fully Replaced Hydrocarbon Reserves In 2010

Russia's biggest oil producer OAO Rosneft (ROSN.RS) said Thursday it added more hydrocarbons to its reserves than it produced in 2010, posting a reserve replacement rate of 106%.

EDF: Generic Anomaly At French Nuclear Plants

EDF: Generic Anomaly At French Nuclear Plants

French utility giant Electricite de France SA (EDF.FR) Thursday reported a level-one generic anomaly affecting the bearing bushings of its back-up diesel generators at several of its French nuclear power plants, with a level-two anomaly reported at another.

Iran Says It Will Send 2 Warships Through Suez Canal: PRESS TV

Iran Says It Will Send 2 Warships Through Suez Canal: PRESS TV

Two Iranian warships are on their way to pass through the Suez Canal and the Iranian government is in contact with Egyptian officials to arrange passage, Iran's Press TV reported Thursday on its website, citing an unidentified Iranian naval official.

Iraq Exports 2.163 Million B/D Of Oil In Feb -SOMO Chief

Iraq Exports 2.163 Million B/D Of Oil In Feb -SOMO Chief

Iraq has exported 2.163 million barrels a day of crude oil this month to Feb. 17, the same rate as the previous month, head of the state oil marketing company, or SOMO, said Thursday.

Russias Gazprom, Slovenia to Create South Stream Gas Pipe JV in March 2011

Russia's Gazprom, Slovenia to Create South Stream Gas Pipe JV in March 2011

Russia's gas giant Gazprom plans to establish a joint venture with Slovenia's gas transport company Geoplin Plinovodi in March 2011 to oversee construction of the Slovenian part of the South Stream pipeline project intended to bring Russian gas to Europe across the Black Sea, Igor Schyogolev, co-chairman of the Russian-Slovenian intergovernmental commission, said on Wednesday.

EdF Has Until Feb 20 To Submit Final Bid For Polish Enea -Report

EdF Has Until Feb 20 To Submit Final Bid For Polish Enea -Report

Electricite de France SA (EDF.FR) has until Feb. 20 to submit a final offer for the Polish Treasury Ministry's 51% stake in Polish utility Enea SA (ENA.WA), daily Dziennik Gazeta Prawna reports Tuesday, citing an unnamed source.

Cnooc To Spend CNY350 Bln On Exploration Next 5 Years -Report

Cnooc To Spend CNY350 Bln On Exploration Next 5 Years -Report

China National Offshore Oil Corp. will spend CNY350 billion ($53 billion) on oil and gas exploration in China over the next five years, state television reported Tuesday, without citing a source.

Iraq To Hold New Oil, Gas Exploration Bid Round 4Q

Iraq To Hold New Oil, Gas Exploration Bid Round 4Q

The Iraqi government plans to hold a new oil and gas licensing auction later this year as it seeks a major push to increase oil output and to capture natural gas for electricity generation, a senior Iraqi oil official said.

Exxon Mobil Corporation Announces 2010 Reserves Replacement

Exxon Mobil Corporation Announces 2010 Reserves Replacement

Exxon Mobil Corporation announced today that additions to its proved reserves in 2010 totaled 3.5 billion oil-equivalent barrels, replacing 209 percent of production. Excluding the impact of asset sales, reserves additions replaced 211 percent of production.