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Russia Energy Deals May Carry High Cost for Turkey

Russia Energy Deals May Carry High Cost for Turkey

Deals that have strengthened energy ties between Turkey and Russia may boost Ankara’s much desired control over regional gas and oil transit, but at a cost to other foreign players in its downstream market.

Novatek, Total To Develop Field In Russias Yamal Region

Novatek, Total To Develop Field In Russia's Yamal Region

Russian natural gas producer Novatek (NVTK.RS) and French oil and gas company Total SA (TOT) have created a joint venture for exploration and development of the Termokarstovoye gas condensate field in the Yamal-Nenets Autonomous Region, Russia's Arctic region, Novatek said Thursday.

Gazprom Sees Europe Gas Demand Rising In Decade

Gazprom Sees Europe Gas Demand Rising In Decade

Russian gas giant OAO Gazprom (GAZP.RS) said Thursday it expects an increase in European gas consumption during the coming decade, contradicting the view of some industry observers who predict a gas glut.

KazMunaiGas: Russian Oil Flow To Kazakhstan Restricted

KazMunaiGas: Russian Oil Flow To Kazakhstan Restricted

Kazakh state oil and gas company KazMunaiGas said Thursday that oil supplies from Russia to Kazakhstan have been restricted, a month after Russia limited oil to refineries in Belarus.

China Calls for Continued Nuclear Dialogue With Iran

China Calls for Continued Nuclear Dialogue With Iran

China said on Thursday that discussions of new sanctions against Iran over its controversial nuclear program could undermine the efforts to resolve the issue using diplomacy.

Trichet Says ECB ‘Confident’ Greece Can Cut Deficit

Trichet Says ECB ‘Confident’ Greece Can Cut Deficit

European Central Bank President Jean- Claude Trichet said he’s confident Greece can get its budget deficit under control and signaled officials have no plans to raise their key interest rate from a record low of 1 percent.

Halliburton May Gain From Norway’s Oil Spending Push

Halliburton May Gain From Norway’s Oil Spending Push

Halliburton Co.,Aker Solutions ASA and other companies supplying the oil industry may be the ultimate winners in Norway’s push for producers to spend more to keep its aging offshore oilfields alive.

Turk Nuclear Plant

Turk Nuclear Plant

US firms would be interested in building a nuclear power plant if Turkey opens a new tender and Washington would provide incentives, US Ambassador in Ankara James Jeffrey said yesterday. (Reuters)

Bulgaria-Nabucco

Bulgaria-Nabucco

Bulgaria’s parliament ratified yesterday an agreement on the Nabucco natural gas pipeline signed by the project’s host countries last year and aimed at cutting Europe’s dependence on Russian gas supplies.

Merkel: Iran Must Agree To Co-operate With IAEA

Merkel: Iran Must Agree To Co-operate With IAEA

Iran must agree to co-operate with the International Atomic Energy Agency before its purported willingness to strike a nuclear deal can be evaluated, German Chancellor Angela Merkel said Wednesday.

Saudi Aramco Lifts March Crude Prices To Europe

Saudi Aramco Lifts March Crude Prices To Europe

State-owned Saudi Arabian Oil Co. lifted most of its official selling prices for March term supplies of crude oil to Northwest Europe, but cut most OSPs to Asia, the company said Wednesday.

Rosneft To Grow Output By 4.5% In 2010; Capex At $9B-$10B

Rosneft To Grow Output By 4.5% In 2010; Capex At $9B-$10B

Russian oil major OAO Rosneft (ROSN.RS) expects production growth of 4.5% this year, driven by higher output at its key Vankor field in East Siberia, Chief Financial Officer Peter O'Brien said Wednesday.