English Edition

Azerbaijan Must Diversify Econ Away From Oil, Gas

Τετ, 21 Οκτωβρίου 2009 - 18:31

World Bank Managing Director Ngozi Okonjo-Iweala urged Azerbaijan on Wednesday to diversify its economy away from the oil and gas sector as the ex-Soviet republic approaches peak energy production.

Rosneft Plans To Produce 2% More Oil In '09 Than In 2008

Τετ, 21 Οκτωβρίου 2009 - 18:29

Russia's biggest oil company OAO Rosneft (ROSN.RS) plans to produce 2% more oil in 2009 than last year, Chief Financial Officer Peter O'Brien said Wednesday.

TNK-BP CFO: 2010 Capex May Total $3.4 Bln To $3.5 Bln

Τετ, 21 Οκτωβρίου 2009 - 18:28

Russia's third-biggest oil producer TNK-BP Holding (TNBP.RS) may invest between $3.4 billion and $3.5 billion in 2010, the company's Chief Financial Officer Jonathan Muir told journalists Wednesday.

EDF Interested In South Stream Stake To Secure More Gas

Τετ, 21 Οκτωβρίου 2009 - 18:27

Utility giant Electricite de France SA's (EDF.FR) motivation to consider investing in the planned South Stream natural gas pipeline is to secure more gas, a company executive said Wednesday.

Russia, Serbia sign bilateral agreements after Belgrade summit

Τετ, 21 Οκτωβρίου 2009 - 13:45

Russia and Serbia signed a number of cooperation agreements after Tuesday negotiations of Presidents Dmitry Medvedev and Boris Tadic. For instance, Gazprom and Srbijagas signed agreements on the Serbian segment of the South Stream pipeline and the joint venture managing the Banatski Dvor underground gas storage site.

IEA Calls For 11M B/D OPEC Output Rise By 2030

Τρι, 20 Οκτωβρίου 2009 - 19:18

The world will need an additional 11 million barrels a day of OPEC crude by 2030 even if ambitious climate change policies are implemented, the head of the International Energy Agency said Tuesday.

Gazprom, EDF Sign Trans Atlantic Gas Swap Deal - Gazprom

Τρι, 20 Οκτωβρίου 2009 - 19:17

Russian gas company OAO Gazprom (GAZP.RS) and French utility Electricite de France SA (EDF.FR) have signed an agreement to swap natural gas between the U.S. and European markets, Gazprom said Tuesday.

ConocoPhillips CEO: Oil Output Will Struggle To Hit 100M B/D

Τρι, 20 Οκτωβρίου 2009 - 19:17

Oil producers will struggle to raise global production to 100 million barrels a day in the long term, ConocoPhillips (COP) Chief Executive James Mulva said Tuesday.

Abu Dhabi To Launch Massive Oil Field Boost Next Yr - Exec

Τρι, 20 Οκτωβρίου 2009 - 19:16

Zakum Development Co., or Zadco, which is majority-owned by Abu Dhabi National Oil Co., will tender contracts next year to help it develop at a cost of as much as $15 billion the massive Upper Zakum oil field, a senior company official said Tuesday.

Finland Will Not Build Three New Nuclear Plants - PM

Τρι, 20 Οκτωβρίου 2009 - 19:15

Finland, which is building its fifth nuclear reactor, has yet to decide how many reactors it will need in the next decade but it will be fewer than three, Prime Minister Matti Vanhanen said Tuesday.

OPEC Won't Hike Output Amid Weak Dlr-Iran Official

Τρι, 20 Οκτωβρίου 2009 - 19:13

Iran's OPEC governor said Tuesday the weak U.S. dollar is driving oil prices above $80 a barrels and the producer group is unlikely to raise output unless demand picks up before its next meeting in Angola.

Eni, Calik, Rosneft Sign Turkey Oil Pipeline MoU

Δευ, 19 Οκτωβρίου 2009 - 15:48

Eni SpA (E), Calik Holding, JSC Transneft and OAO Rosneft (ROSN.RS) Monday signed a memorandum of understanding to discuss conditions to allow Russian companies to participate in a pipeline project bringing oil from the Caspian to the Mediterranean via Turkey.

Medvedev In Serbia To Reinforce Political, Economic Ties

Δευ, 19 Οκτωβρίου 2009 - 15:45

Dmitry Medvedev is to pay the first official visit of a Russian president to Serbia Tuesday to strengthen political and economic ties with Moscow's key ally in the Balkans.