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Norway Oil Body Warns On Invest, Says Drilling Up On Yr In 08

Πεμ, 8 Ιανουαρίου 2009 - 13:39

Oil and gas exploration well drilling in Norway rose 75% in 2008 versus 2007, with just under half of the 56 wells drilled yielding a discovery, the country's petroleum directorate, or NPD, said Thursday, as it warned that dramatically lower oil prices present a challenge for investment.

Gazprom Says Will Try To Find Mutually Acceptable Solution

Πεμ, 8 Ιανουαρίου 2009 - 12:54

Russian natural gas monopoly OAO Gazprom (GAZP.RS) Thursday said it will try to find a "mutually acceptable solution" to its ongoing feud with Ukrainian gas company Naftogaz.

Italy Has Gas Stockpiles Sufficient For 2 Months

Πεμ, 8 Ιανουαρίου 2009 - 12:53

Italy holds sufficient natural gas stockpiles to meet demand for the next two months, although the current price dispute between Russia and Ukraine is a "difficult" one, Industry Minister Claudio Scajola said Thursday.

Gazprom:No Monitoring Deal On Gas Dispute Because Of Ukraine

Πεμ, 8 Ιανουαρίου 2009 - 00:05

LONDON (Dow Jones)--Russia's gas monopoly OAO Gazprom (OGZPY) said late Thursday that despite the efforts of the European Commission, there has been no agreement on multilateral monitoring to help solve the gas crisis, and it blamed Ukraine for failing to sign the deal

Bulgaria Most Severely Hit by Russia-Ukraine Conflict

Τετ, 7 Ιανουαρίου 2009 - 15:57

Bulgarian President Georgi Parvanov said that Bulgaria would be one of the countries most severely hit by the gas conflict between Russia and Ukraine.

Russian Gas Deliveries To Europe Halted As Bitter Cold Bites

Τετ, 7 Ιανουαρίου 2009 - 12:17

All deliveries of Russian gas through Ukraine were halted on Wednesday, officials from both sides said, amid growing prospects European consumers could suffer from the crisis amid freezing weather.

Iraq's 2008 Crude Oil Exports Up 13.5% On 2007

Τετ, 7 Ιανουαρίου 2009 - 12:14

Iraq's crude oil exports averaged 1.85 million barrels a day in 2008, some 13.5% more than in 2007, the head of the country's State Oil Marketing Organization, or SOMO, said Wednesday.

OMV Econ Gas: Currently Receiving No Russian Gas Deliveries

Τετ, 7 Ιανουαρίου 2009 - 12:13

Austria's OMV AG (OMV.VI) said Wednesday it is currently receiving no Russian gas but can nevertheless supply customers because of gas storage and imports from western Europe.

Hungary Orders Large Gas Users To Switch To Alternative Fuel

Τετ, 7 Ιανουαρίου 2009 - 12:10

Hungary's natural gas transit and system operator Foldgazszallito Zrt. had ordered large industrial consumers of gas to switch to alternative fuels after gas imports from Russia through Ukraine came to a complete stop Tuesday afternoon, the company said Wednesday.

Ukraine Pres Urges Russia To Resume Gas Shipments To Europe

Τετ, 7 Ιανουαρίου 2009 - 12:08

Ukrainian President Viktor Yushchenko on Wednesday demanded that Russia resume gas shipments to Europe "immediately," in a letter to Russian President Dmitry Medvedev and European Commission chief Jose Manuel Barroso.

RWE: Gas Supply Halt In Czech Republic Can Be Compensated For

Τετ, 7 Ιανουαρίου 2009 - 12:04

German customers are unaffected by the gas dispute between Russia and Ukraine, German utility RWE AG (RWE.XE) said Wednesday, adding that the delivery stoppage at its Czech subsidiary can be compensated for fully.

Austria's Govt May Reduce Industry,Power Plants Gas Usage

Τετ, 7 Ιανουαρίου 2009 - 12:01

Austria's government will take measures to reduce the usage of gas in industry and power production at peak times if the halt in the gas supply out of Russia continues much longer, the Ministry of Economic Affairs said Wednesday.

Gazprom Chairman To Meet EU Officials Thursday

Τετ, 7 Ιανουαρίου 2009 - 11:54

OAO Gazprom (GAZP.RS) Chairman Alexei Miller may meet European Union Energy Commissioner Andris Piebalgs Thursday, a spokesman for the company told Dow Jones Newswires Wednesday, as a gas dispute between Russia and Ukraine increasingly affects supplies to E.U. countries.