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Gazprom To Urge EU, Russia Share Ukraine Gas Bill

Πεμ, 11 Ιουνίου 2009 - 19:43

OAO Gazprom (GAZP.RS) hopes to see the creation of a joint consortium between the European Union and Russia to help finance European gas supplies flowing through Ukraine, according to La Tribune Thursday, citing an interview with Alexei Miller, chief executive of Russia's state-controlled natural gas monopoly.

Turkey's Tekfen Secures $225M Project In The UAE

Πεμ, 11 Ιουνίου 2009 - 19:42

Turkish construction company Tekfen Insaat, a unit of construction to agri-industry conglomerate Tekfen Holding (TKFEN.IS), said Thursday it will undertake a $225 million project in the United Arab Emirates, the Ihlas News Agency, or IHA, reported.

IEA Revises Up World Oil Demand 1st Time In 10 Mos

Πεμ, 11 Ιουνίου 2009 - 19:39

The International Energy Agency Thursday slightly revised up its 2009 world crude demand forecast for the first time in 10 months in response to gentle signs emerging that an uptick in economic activity is breathing some life back into oil consumption.

Spain Facing Key Decision On Use Of Nuclear Power

Πεμ, 11 Ιουνίου 2009 - 19:37

The Spanish government will have to take a clear stand for or against nuclear power in the coming weeks when it decides whether to renew the operating license of the oldest of the country's six nuclear plants.

EU To Agree To Strengthen Emergency Oil Stocks Rules

Πεμ, 11 Ιουνίου 2009 - 19:35

The European Union is expected to agree Friday to strengthen rules on emergency oil stocks and to publish data on commercial stocks every month, in an effort to increase both its readiness for any potential energy crisis and transparency in the commodities market.

Iraqi PM Meets Total CEO Ahead Of Oil Deal Announcement

Τετ, 10 Ιουνίου 2009 - 17:06

Iraqi Prime Minister Nouri al-Maliki met the chief executive of French energy giant Total SA (TOT) Wednesday, weeks ahead of an announcement over which companies will be awarded contracts to work in the country.

Brazil Petrobras Reports Oil, Gas Find In Potiguar Basin

Τετ, 10 Ιουνίου 2009 - 17:05

Brazilian state-run energy giant Petrobras (PBR) notified the country's National Petroleum Agency late Tuesday that it had discovered signs of oil and natural gas at an offshore Potiguar Basin block.

Russia Will Protect Its Interests In Arctic

Τετ, 10 Ιουνίου 2009 - 17:03

Russia will defend its interests in the Arctic amid the race for the region's energy riches, a Russian official said Wednesday, while dismissing the possibility of open conflict over the far north.

EIA Sees '09 World Oil Use -2% Vs Yr Ago At 83.68M B/D

Τετ, 10 Ιουνίου 2009 - 17:01

World oil demand will average 83.68 million barrels a day this year, down 2%, or 1.76 million barrels a day, from a year-earlier, the U.S. Energy Information Administration said Tuesday.

Russia Mulls Building Second LNG Plant On Sakhalin

Τετ, 10 Ιουνίου 2009 - 16:59

Russia is considering the possibility of constructing a second liquified natural gas plant on the Pacific island of Sakhalin, a regional official said Tuesday.

Key Nabucco Pipeline Deal To Be Signed By July

Τετ, 10 Ιουνίου 2009 - 16:57

A key intergovernmental agreement on the European Union's Nabucco gas pipeline will be signed by early July at the latest, European Energy Commissioner Andris Piebalgs said Tuesday.

First Iraq Oil Bidding Round Confirmed For June 29

Τετ, 10 Ιουνίου 2009 - 16:56

Iraq will hold its first bidding round for prized oil and gas fields as shceduled on June 29, a government spokesman said Wednesday.

Bulgargaz Offers 33% Decrease in Natural Gas Price

Τρι, 9 Ιουνίου 2009 - 13:55

The state owned Bulgargaz has offered to the State Energy and Water Regulatory Commission (DKEVR) 33,14% lower natural gas price from July 1. Bulgargaz had to present an offer to DKEVR until June 10, Darik Radio reported. If the proposal is accepted, the naturals in Bulgaria will cost BGN 365 per 1000 cubic meter, which is BGN 180,94 less than the current price