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Rosneft Lifts 2010 Output Forecast To 119 Mln Tons

Τετ, 3 Νοεμβρίου 2010 - 18:51

Russia's biggest oil producer OAO Rosneft (ROSN.RS) Wednesday raised its oil production forecast for this year to over 119 million metric tons, or between 7% and 7.5% more than last year.

EU: Safest Nuclear Waste Disposal Deep Underground

Τετ, 3 Νοεμβρίου 2010 - 18:50

The European Commission proposed Wednesday new rules that would push European Union countries to build storage for nuclear waste hundreds of meters underground, in an effort to increase safety in a highly controversial technology.

Venezuela 2011 Budget Sees Oil Production At 3M Barrels

Τετ, 3 Νοεμβρίου 2010 - 18:50

Venezuela Energy Minister Rafael Ramirez reiterated Wednesday that the country's 2011 budget will set expected oil production at 3.011 million barrels. Oil accounts for more than one-third of Venezuela's gross domestic product, more than half of government revenue and about nine-tenths of the country's exports.

Future of Serbian Energy Sector in New Investments

Τετ, 3 Νοεμβρίου 2010 - 16:17

Minister of Energy and Mining Petar Skundric said that the future of the Serbian energy sector lies in new investments, creating new energy capacities and jobs, greater social security for miners and application of modern technologies in the area.

Austrian OMV Aims at Making Turkey a Third Hub for Operations

Τετ, 3 Νοεμβρίου 2010 - 16:16

The Wall Street Journal - Austrian gas and oil company OMV AG said it would acquire a majority stake in Turkish fuel and oil products retailer Petrol Ofisi A.S., in a EUR 1 billion (USD 1.39 billion) transaction aimed at making Turkey a third hub for OMV's operations

Gazprom Discusses Investment, Energy Cooperation with Qatar

Τετ, 3 Νοεμβρίου 2010 - 16:15

Russia's energy giant Gazprom and Qatar are in discussions over potential joint investment projects including cooperation in Europe and the Asia-Pacific region, Gazprom said on Wednesday.

North Korea Seeks To Develop Smaller Nuclear Warheads - Minister

Τρι, 2 Νοεμβρίου 2010 - 18:12

North Korea is trying to develop small nuclear weapons that can be delivered by missiles or aircraft, South Korea's defense minister said Tuesday.

UK Offshore Regime Fit For Purpose - Energy Minister

Τρι, 2 Νοεμβρίου 2010 - 18:11

U.K. Energy Minister Charles Hendry Tuesday said the laws governing offshore drilling in the U.K. were "fit for purpose," as he answered questions from the Energy and Climate Change Committee.

Total: Restarting Operations Ongoing At French Refineries

Τρι, 2 Νοεμβρίου 2010 - 18:11

French oil giant Total SA (TOT) Tuesday said restarting operations at its refineries in France are ongoing. "Restarting operations are ongoing," a spokesman for the company told Dow Jones Newswires, without any further details.

Al Qaeda Suspected As Yemen Pipeline Is Sabotaged

Τρι, 2 Νοεμβρίου 2010 - 18:11

Suspected al Qaeda militants sabotaged an oil pipeline in Yemen's southern province of Shabwa Tuesday, a security official said.

Rosneft To Save $800M In 2011 On Vankor Tax Breaks

Τρι, 2 Νοεμβρίου 2010 - 18:10

Russian oil major OAO Rosneft (ROSN.RS) expects to save around $800 million on a pretax basis next year due to tax breaks at its Vankor field, although it still doesn't have sufficient clarity on possible changes to the tax regime for the industry, a company executive said Tuesday.

BP Profit Plunges On Further Spill Charge

Τρι, 2 Νοεμβρίου 2010 - 18:10

BP PLC (BP) third-quarter net profit plunged by two-thirds Tuesday as it took a further $7.66 billion pre-tax charge for the Gulf of Mexico oil spill, although the company beat analysts' expectations on some key operational benchmarks.

Competing Pipeline Projects are a Gas, Gas, Gas for Romania

Τρι, 2 Νοεμβρίου 2010 - 15:01

Seen so far as just wishful thinking, gas interconnection with other regional countries has become a reality: last week Romania and Hungary inaugurated the Arad-Szeged gas pipeline. And the authorities’ big plans do not stop there.