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Rosneft To Invest RUB98 Bln In East Siberian Projects In 2009

Πεμ, 5 Φεβρουαρίου 2009 - 17:24

Russia's largest oil company, OAO Rosneft (ROSN.RS), expects to invest 98 billion rubles ($2.72 billion) in East Siberian projects, Mars Khasanov, Rosneft's vice president of science said Thursday.

RWE Exec Says Gas Supply Disruptions Could Be Repeated

Πεμ, 5 Φεβρουαρίου 2009 - 17:22

RWE AG (RWE.XE) Thursday said the agreement between Russia and the Ukraine following their recent row on natural gas prices is unlikely to be the end of supply disruptions to Europe.

Iraq's South Oil Output Falls By 150,000 B/D

Πεμ, 5 Φεβρουαρίου 2009 - 17:20

Iraq's crude oil production from its southern oil fields has slipped by 100,000-150,000 barrels a day over the last six months as maintenance problems and a lack of investment undermine the country's output capacity, an oil industry source from Basra said Wednesday.

Polish PGNiG: Gazprom Offered To Increase Gas Supplies

Πεμ, 5 Φεβρουαρίου 2009 - 17:19

Polish gas monopoly Polskie Gornictwo Naftowe i Gazownictwo (PGN.WA), or PGNiG, said Thursday that Russia's OAO Gazprom (GAZP.RS) has offered to increase gas supplies to Poland to compensate for reduced deliveries via Ukraine.

Nabucco Pipe Cost Estimate May Be Revised On Steel Price

Πεμ, 5 Φεβρουαρίου 2009 - 17:17

The estimated EUR7.9 billion cost of the Nabucco gas pipeline may be revised due to the fall in steel prices, the project's Chief Executive Reinhard Mitschek said Wednesday, the Ihlas News Agency, or IHA, reported.

Gas Crisis Proves Need To Diversify Routes

Πεμ, 5 Φεβρουαρίου 2009 - 17:16

Ukraine was to blame for last month's European gas crisis and must bear responsibility for compensating any losses incurred as a result of it, Russian President Dmitry Medvedev said Thursday.

Russia-Ukraine Gas Deal Could Bolster Nabucco Plan

Πεμ, 5 Φεβρουαρίου 2009 - 17:14

Russia's newly-signed gas deal with Ukraine could bolster Europe's chances of diversifying energy deliveries away from Russia through the Nabucco pipeline project, analysts say.

Oil Market Report Oil Supply Data

Πεμ, 5 Φεβρουαρίου 2009 - 12:37

Coinciding with the official suspension on 1 January 2009 of Indonesia's membership of OPEC, the IEA has made some changes to the way it categorises and aggregates OPEC and non-OPEC oil production data in the Oil Market Report (OMR) databases. This follows feedback from subscribers in the aftermath of earlier OPEC membership changes involving Angola and Ecuador.

EU-Russia summit to talk Energy, WTO on May 21-22

Τετ, 4 Φεβρουαρίου 2009 - 12:42

The European Union and Russia will use a May 21-22 summit to discuss energy security following January's EU-Russian tension over suspension of Russian gas supplies, according to the EU Presidency. Czech envoy to Russia Miroslav Kostelka, whose country holds the rotating presidency, said on Tuesday Russian accession to the World Trade Organisation would also be high on the agenda.

Nuke deal of Siemens with Russia

Τετ, 4 Φεβρουαρίου 2009 - 12:37

Russian officials signaled support Tuesday for a proposed nuclear cooperation deal between German industrial giant Siemens and Russia's atomic energy agency. Prime Minister Vladimir Putin said in a meeting with Siemens' visiting CEO Peter Loescher that Russia was "ready to transfer some single projects to full-fledged cooperation in nuclear energy between Siemens and Rosatom."

British Gas, Petronas, Edison To Invest $2.1B In Egypt

Τετ, 4 Φεβρουαρίου 2009 - 12:21

Three international companies have allocated additional investments worth $2.1 billion to boost natural gas production in Egypt, Cairo-based Al Ahram daily reports Wednesday.

GDF Suez Confirms Is In UK Nuclear Talks With Iberdrola

Τετ, 4 Φεβρουαρίου 2009 - 12:20

French utility GDF Suez (GSZ.FR) Wednesday confirmed it is in talks with Spanish peer Iberdrola SA (IBE.MC) that could lead to the two companies building nuclear reactors together in the U.K.

Iran OPEC Head:High Oil Stks May Warrant More Cuts

Τετ, 4 Φεβρουαρίου 2009 - 12:18

Iran's Organization of Petroleum Exporting Countries governor said a continued rise in global oil inventories amidst declining crude demand could warrant further production cuts by producers, and more time is needed for oil to rise to the $70 to $100 a barrel level.