English Edition

British-Russian TNK-BP Wants to Say Goodbye to Siberian Gas Field

Τετ, 24 Μαρτίου 2010 - 13:53

The Russian-British joint oil venture TNK-BP has confirmed its readiness to sell a huge Siberian gas field after several years of attempts to recoup its investments, a business daily reported on Wednesday.

Iraq February Oil Revenues At $4.229 Billion - Oil Ministry

Τρι, 23 Μαρτίου 2010 - 18:43

Sales from Iraqi crude oil exports in February totaled $4.229 billion compared with $4.416 billion in the previous month, the Iraqi Oil Ministry said in a statement Tuesday. It said the State Oil Marketing Organization, or SOMO, sold its crude in February at an average monthly price of $73.04 a barrel, compared with $73.97 a barrel in January.

France To Abandon Plans For Carbon Tax – Lawmakers

Τρι, 23 Μαρτίου 2010 - 18:43

France will abandon its planned carbon fuel tax which aimed to curb global warming, lawmakers said Tuesday, quoting Prime Minister Francois Fillon.

Shell, CNPC Agree 30-Year China Natural Gas Project

Τρι, 23 Μαρτίου 2010 - 18:42

International oil companies like Royal Dutch Shell PLC (RDSA.LN, RDSA) are betting they can tap unconventional sources of natural gas in China and copy their success in the U.S., where new techniques have uncovered vast domestic supplies that are reducing reliance on imports for decades to come.

Iron Ore Monopoly Should Be Opposed-China Official

Τρι, 23 Μαρτίου 2010 - 18:42

The monopoly in iron ore pricing is damaging China's economy and should be opposed, a senior research fellow at a Chinese state research center said Tuesday. "There is a monopoly in pricing and price is not decided by supply and demand," Hu Jiangyun said at a United Nations forum here.

Gasunie Has Pulled Out Of RWE Gas Grid Bid Consortium – Exec

Τρι, 23 Μαρτίου 2010 - 18:41

Dutch gas transporter Gasunie NV has pulled out of a consortium bidding for RWE AG's (RWE.XE) natural gas grid, a Gasunie executive said Tuesday. Gasunie is no longer a partner in the consortium bidding for RWE's distribution network, Thyssengas, Jens Schumann, head of Gasunie Transport Services in Germany said, speaking at the Dow Jones Gas Market Conference.

Lukoil CEO: ConocoPhillips Confirms Plan To Sell Stake In Co

Τρι, 23 Μαρτίου 2010 - 18:41

OAO Lukoil Holdings (LKOH.RS) shares fell as much as 2.3% Tuesday after the Russian oil producer's chief executive said it has no plans to buy back its shares from ConocoPhillips (COP).

Yanukovich Suggests Signing New Gas Agreement with Russia

Τρι, 23 Μαρτίου 2010 - 14:55

Ukrainian President Viktor Yanukovich suggested signing a new agreement on the price of gas with Russia during its President Dmitry Medvedev’s upcoming visit to Kiev.

Czech Synergies

Τρι, 23 Μαρτίου 2010 - 13:03

Czech power utility CEZ said it was looking into possible partnerships and synergies to increase production at its 1,260-megawatt coal-fired power plant in Bulgaria. “This does not necessarily mean selling the thermal power plant of Varna,” the company, which provides electricity to more than 2 million households and businesses in Bulgaria, said yesterday.

Turkey Aims for EU, Gulf Investors in Power Sale

Τρι, 23 Μαρτίου 2010 - 13:02

Turkey will sell four power plants with capacity totaling more than 3,000 megawatts under a “big energy privatization drive” this year by the government that may attract investors from Europe and the Persian Gulf, the energy regulator said. “There is a total portfolio of 16,000 megawatts of power plants to be sold,” Hasan Koktas, head of the regulator, said in an interview at his office in Ankara

Anadarko’s Discoveries Create Challenges

Τρι, 23 Μαρτίου 2010 - 12:13

Anadarko Petroleum’s unprecedented exploration success has left the US oil and gas producer with the challenge of developing a string of big projects on time and on budget. The company announced nine deepwater discoveries in 2009 - big discoveries in key areas, such as the US Gulf of Mexico, Brazil and along the newly found oil coast stretching from Ghana to Sierra Leone.

Oil Reserves Exaggerated by one third

Τρι, 23 Μαρτίου 2010 - 12:11

The scientist and researchers from Oxford University argue that official figures are inflated because member countries of the oil cartel, OPEC, over-reported reserves in the 1980s when competing for global market share.

Shell Shifts Balance Toward Gas With Arrow Takeover

Τρι, 23 Μαρτίου 2010 - 12:10

Royal Dutch Shell Plc moved a step closer to shifting the balance of its production in favor of natural gas over oil following a joint A$3.5 billion ($3.2 billion) acquisition of Arrow Energy Ltd.