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Gazprom: Ukraine Gas Payment Situation Very Serious

Τρι, 26 Μαΐου 2009 - 19:14

Russia's OAO Gazprom Tuesday said the situation relating to Ukrainian payments for natural gas in May is "very serious" in comments that echoed the cutoff in Russian energy supplies to Europe in January.

Lukoil Head To Visit Iraq For West Qurna-2 Oil Talks

Τρι, 26 Μαΐου 2009 - 19:12

The head of Russia's largest independent oil producer Lukoil Holdings (LKOH.RS) said Tuesday he is due to visit Baghdad for talks on a contract to develop the West Qurna-2 oil field in southern Iraq, the RIA Novosti news agency reports.

France To Put Plans To G8 On Oil Price Stability

Τρι, 26 Μαΐου 2009 - 19:10

France will submit plans to world leaders at the G8 summit in July to try to end oil price volatility, President Nicolas Sarkozy said Tuesday during a visit to the energy-rich United Arab Emirates.

Gazprom, Romgaz Plan Joint Gas Storage Venture

Τρι, 26 Μαΐου 2009 - 19:09

Russian gas giant OAO Gazprom (GAZP.RS) and Romanian state company Romgaz are planning a joint venture to expand gas storage and generate electricity, Romania's Economy Minister Adriean Videanu said Tuesday.

Siemens to build Combined Cycle Power Plant in the Netherlands for About €700 million

Τρι, 26 Μαΐου 2009 - 16:31

Siemens Energy has secured an order from the Dutch utility Enecogen for a combined cycle power plant. The order is valued at around €700 million. The power plant, which will have a capacity of approximately 870 megawatts, is scheduled to go on line in late 2011.

Edison Sees Abu Qir Gas Field Partner Pick After Summer

Δευ, 25 Μαΐου 2009 - 17:17

Edison SpA (EDN.MI) may pick a partner for its large Egyptian natural gas Abu Qir field after the summer, and certainly by the end of the year, its Chief Executive said Sunday.

Eni CEO Proposes New Energy Agency To Stabilize Oil Prices

Δευ, 25 Μαΐου 2009 - 17:16

Eni SpA (E) has urged the world's oil consumers and producers to set up a global energy agency to limit wide crude price swings that lead to "boom-and-bust" investment cycles, Chief Executive Paolo Scaroni said Monday.

Russia Energy Min:Austria, Slovenia S Stream Deal Due Shortly

Δευ, 25 Μαΐου 2009 - 17:14

Russia's Energy Minister Sergei Shmatko said Monday he forecasts a deal with Slovenia and Austria for the development of the South Stream natural gas pipeline shortly.

Russian Energy Min Sees Russia Oil Output Stable In 09 Vs 08

Δευ, 25 Μαΐου 2009 - 17:13

Russia's crude oil output will be at least stable in 2009 compared to the previous year, the country's oil minister said Sunday, contrasting earlier statements that it would fall.

Upstream Oil&Gas Project Costs To Drop 24% In 2009

Δευ, 25 Μαΐου 2009 - 17:11

Project costs in the upstream oil and gas sector are expected to fall by up to 24% this year, mainly on lower raw material costs, a consultant said Monday.

Kazakhstan Arrests Ex-nuclear Chief

Δευ, 25 Μαΐου 2009 - 17:10

Kazakhstan has arrested the former chief of its nuclear power agency on corruption charges, just days after he was dismissed from the post, the Central Asian state's KNB security service said Monday.

Russia Energy Min: Don't Want Repeat Of Gas Spat With Ukraine

Δευ, 25 Μαΐου 2009 - 17:08

Russia doesn't want a repeat of the natural gas spat with Ukraine that at the start of the year left part of Europe without supplies, although there is concern on how its neighbor will be able to pay due to the financial crisis, said its top energy official Monday.

Energy geopolitics and Kazakhstan

Σαβ, 23 Μαΐου 2009 - 19:31

Oil affairs have always been closely related with geopolitics; a matrix of political forces striving for the defense of their energy interests. Geopolitics has always been the basis for energy relations between countries more so now that the geopolitical essence of oil relations has became much more evident.