Russia Lukoil Drills Two More Wells After Saudi Gas Discovery Τετ, 15 Απριλίου 2009 - 16:02 Russia's OAO Lukoil Holdings (LKOH.RS) said Wednesday it is pressing ahead with plans to drill two more gas exploration wells in Saudi Arabia after a recent discovery in its concession in the kingdom's massive Empty Quarter desert.
OPEC Cuts 2009 World Oil Demand Forecast By 0.4M B/D Τετ, 15 Απριλίου 2009 - 16:01 The Organization of Petroleum Exporting Countries Wednesday cut its global oil demand estimate again for 2009 due to the faltering world economy starting to hit demand in developing countries like China.
Repsol To Halt 100,000B/D Cartagena Refinery On Tight Margins Τετ, 15 Απριλίου 2009 - 15:59 Spanish oil company Repsol YPF SA (REP) will halt work for an unspecified length of time at its 100,000 barrels-a-day capacity Cartagena refinery, a company official said Wednesday.
Climate Experts: World Won't Meet 2C Warming Target - Report Τρι, 14 Απριλίου 2009 - 17:21 Almost nine out of 10 climate scientists do not believe political efforts to restrict global warming to two degrees Celsius will succeed, a Guardian poll reveals Tuesday.
Iberdrola Renovables 1Q Electricity Output +20% On Yr Τρι, 14 Απριλίου 2009 - 17:16 Spanish renewable energy company Iberdrola Renovables SA (IBR.MC) Tuesday said its first-quarter electricity production rose 20% on the year to 5,397 gigawatt-hours.
EU Takes Poland, Czech Republic To Court Over Elec Regulation Τρι, 14 Απριλίου 2009 - 17:14 The European Commission Tuesday said it is taking Poland and the Czech Republic to court over their electricity regulations.
Iraqi VP To Discuss Total Oil Field Deal In Paris Τρι, 14 Απριλίου 2009 - 17:13 Iraqi Vice President Adel Abdel Mahdi will meet executives from the French energy giant Total SA (TOT) to discuss a multi-billion dollar oil deal during a working visit to France, he said Tuesday.
EIA:Limited Non-OPEC Oil Output, Econ Recovery Support Higher Prices Τρι, 14 Απριλίου 2009 - 17:11 The U.S. said Tuesday it expected crude oil output from OPEC to stay flat in the second-quarter, averaging 28.5 million barrels a day.
Iran OPEC Head:Current Oil Output Levels Support Mkt Τρι, 14 Απριλίου 2009 - 17:10 Iran's OPEC governor said Tuesday the organization's current crude oil production levels "support the market" due to members' high compliance but changes in the global economic outlook may warrant further group action.
German Grid Regulator OKs Around EUR415M In Pwr Grid Invest Τρι, 14 Απριλίου 2009 - 17:07 Germany's network regulator, the Bundesnetzagentur, Tuesday said it has approved investment budgets of around EUR415 million that will allow the affected grid operators to expand their power networks.
Kazakh KazMunaiGas In Talks With CNPC Over Mangistaumunaigas Δευ, 13 Απριλίου 2009 - 15:30 Kazakh state oil and gas company KazMunaiGas said Monday that it is in talks with China National Petroleum Corp. over a possible joint purchase of a stake in Kazakhstan-based Mangistaumunaigas.
Iran OPEC Head: Cut Possible If Demand Keeps Falling Δευ, 13 Απριλίου 2009 - 15:28 Iran's governor to the Organization of Petroleum Exporting Countries, or OPEC, said that further declines in crude oil demand could warrant an output cut at the organization's next meeting, the daily Hamshahri paper reports Monday.
Transneft, Rosneft Agree On Oil Deliveries To China Δευ, 13 Απριλίου 2009 - 15:27 Russia's largest oil producer OAO Rosneft (ROSN.RS) has signed an agreement with state-controlled pipeline operator OAO Transneft (TRNFP.RS) to deliver oil to China, Interfax news agency reported Monday, citing a statement from Transneft.
Moscow Won't Sell Stake In Sibir Energy To TNK-BP Δευ, 13 Απριλίου 2009 - 15:26 City of Moscow, a shareholder in Sibir Energy PLC (SBE.LN), doesn't intend to sell its 18% stake in the London-listed oil producer to Anglo-Russian oil major TNK-BP Ltd., the Kommersant daily reported Monday citing a Moscow deputy mayor.
Russia's Lukoil To Send Team To Iraq For Talks Δευ, 13 Απριλίου 2009 - 15:24 A delegation from Russia's Lukoil Holdings (LKOH.RS) will soon visit Iraq to discuss reactivating a multibillion-dollar exploration contract, Iraqi Prime Minister Nuri al-Maliki said in an interview published Monday.
Iran Favors Oil Price Of $75 To $80 Δευ, 13 Απριλίου 2009 - 15:23 Iran, OPEC's second largest crude producer, said Sunday that it favors a global oil price of between $75 and $80 a barrel, the state television web site quoted the oil minister as saying.