English Edition

Italy Regulators Say Eni Should Reduce Gas Storage Capacity

Πεμ, 4 Ιουνίου 2009 - 18:51

Italy's energy regulator and the antitrust body said Wednesday Eni SpA (E) should reduce its natural gas storage capacity to promote competition and help strengthen the country's energy security.

EGL: Good Result in an Extraordinary Εconomic Climate

Πεμ, 4 Ιουνίου 2009 - 18:40

The EGL Group increased its gross margin to CHF 437.0 million (+27%) in the first half of 2008/09 despite tough market conditions. Net profit fell marginally to CHF 123.1 million (-2%). The company made significant progress in all three strategic business areas.

Portugal's Galp Reports Potiguar Oil Find To Brazil's ANP

Τετ, 3 Ιουνίου 2009 - 16:05

The Brazilian unit of Portugal's Galp Energia SA (GALP.LB) said late Tuesday it found traces of oil while prospecting in the Potiguar Basin, according to Brazil's National Petroleum Agency.

Iran To Award S Pars Phase 19 Contract In One Month

Τετ, 3 Ιουνίου 2009 - 16:02

Iran will award a large contract for the development of phase 19 of the giant offshore South Pars natural gas field in the Persian Gulf within a month, an oil executive said Wednesday.

Azerbaijan Energy Min Urges New Investment In Caspian Oil

Τετ, 3 Ιουνίου 2009 - 16:01

Azerbaijan's energy minister called Wednesday for new, large-scale investments in exploring for oil and gas in the Caspian Sea, saying growth in oil output would slow down in the next decade.

Lukoil Returns To Profit In 1Q On Prices, Lower Taxes

Τετ, 3 Ιουνίου 2009 - 15:59

Russia's second-biggest oil producer OAO Lukoil Holdings (LKOH.RS) Wednesday said it returned to profitability in the first quarter due to lower taxes, higher crude prices and lower capital spending.

Russia's Energy Minister Sees Oil Investment Steady In 2009

Τετ, 3 Ιουνίου 2009 - 15:57

Russia expects investment in its oil industry to be stable at RUB1 trillion ($32.6 billion) in 2009 as tax incentives and other measures offset lower crude prices, the country's energy minister said Wednesday.

Iraq Targeting 1.95M B/D Oil Exports In 2H 09

Τετ, 3 Ιουνίου 2009 - 15:56

Iraq is targeting to export between 1.880 million and 1.950 million barrels a day of Basra light crude and Kirkuk crude oil in the second half of 2009, the head of the country's State Oil Marketing Organization said.

Russia Min: Iran Must Show Nuclear Aim Is Peaceful

Τρι, 2 Ιουνίου 2009 - 15:58

Russia's Foreign Minister Sergei Lavrov urged Iran Tuesday to demonstrate to the international community that its nuclear program is peaceful, Russian news agency RIA Novosti reports on its Web site.

Gazprom's Gas Output Down 34.5% On Year In May

Τρι, 2 Ιουνίου 2009 - 15:56

Output at Russian gas giant OAO Gazprom (GAZP.RS) fell 34.5% in May to 30.377 billion cubic meters, the Prime-Tass news agency reported Tuesday, citing Ministry of Industry and Energy statistics.

Poland's PGNiG Signs Deal With Gazprom For 1 BCM Of Gas

Τρι, 2 Ιουνίου 2009 - 15:54

Polish natural gas monopoly Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA), or PGNiG, has signed a deal with Russia's OAO Gazprom (GAZP.RS) to deliver 1 billion cubic meters of gas before Sept. 30, the company said in a statement Tuesday.

Azerbaijan To Maintain Oil, Gas Output Levels

Τρι, 2 Ιουνίου 2009 - 15:53

Energy-rich Azerbaijan expects no drop in its oil and gas production this year despite global economic woes, President Ilham Aliyev said Tuesday.

Iraq May Oil Exports 1.90M B/D, Up 4.39% On Month

Τρι, 2 Ιουνίου 2009 - 15:51

Iraq's crude oil exports rose to 1.90 million barrels a day in May, up 4.39% on April, the head of the State Oil Marketing Organization told Dow Jones Newswires Tuesday.