English Edition

EDF Interested In South Stream Stake To Secure More Gas

EDF Interested In South Stream Stake To Secure More Gas

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

Russia, Serbia sign bilateral agreements after Belgrade summit

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

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

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

Gazprom, EDF Sign Trans Atlantic Gas Swap Deal - Gazprom

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.

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

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

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

Finland Will Not Build Three New Nuclear Plants - PM

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 Wont Hike Output Amid Weak Dlr-Iran Official

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

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

Eni, Calik, Rosneft Sign Turkey Oil Pipeline MoU

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.

Russias Gazprom Plans To Join Bahrain Gas Tender

Russia's Gazprom Plans To Join Bahrain Gas Tender

Russia's Gazprom plans to participate in a tender for Bahrain's deep natural gas exploration project put forward by the National Oil and Gas Authority at the end of last year, Manama-based Al Waqt daily reports Monday.

Shell In Talks With Iraq Over Kirkuk Field

Shell In Talks With Iraq Over Kirkuk Field

Royal Dutch Shell PLC (RDSA) is renegotiating with Iraq about the Kirkuk oil field, one of Iraq's largest oil producing areas, after it didn't win access to the field in the country's first licensing auction held in Baghdad in June, company sources and Iraqi oil officials said Friday.

Russia Drops Joint WTO Bid With Belarus, Kazakhstan

Russia Drops Joint WTO Bid With Belarus, Kazakhstan

Moscow and its partners will join the World Trade Organization separately, Russia's chief trade negotiator said Friday, dropping an earlier pledge to enter the global body with two ex-Soviet neighbors.