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KazMunaiGas EP 3Q Net Pft +56.5% On Higher Crude

Πεμ, 20 Νοεμβρίου 2008 - 17:00

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ) said Thursday its third-quarter net income rose 56.5% from a year earlier, mainly due to higher crude oil prices.

ExxonMobil Enters Black Sea with Exploration Agreement in Turkey

Πεμ, 20 Νοεμβρίου 2008 - 16:58

Exxon Mobil Corporation (NYSE:XOM) announced today its affiliate, ExxonMobil Exploration and Production Turkey B.V., has signed an agreement with Turkish national oil company, Turkiye Petrolleri Anonim Ortakl1 1 (TPAO), to explore in two large deepwater blocks offshore Turkey, marking ExxonMobil's entry into Black Sea exploration.

White House Hopes To Expand Support For G20 Goals At APEC

Πεμ, 20 Νοεμβρίου 2008 - 16:56

For the second weekend in a row, U.S. President George W. Bush will sit down with world leaders to work on a common approach to the global financial crisis.

TPAO, Botas, Shell Sign Prelim Iraq Gas Exploration Deal

Πεμ, 20 Νοεμβρίου 2008 - 16:51

Turkey's state oil company TPAO, state-owned pipeline and gas company BOTAS and Royal Dutch Shell PLC (RDSA) Thursday signed a preliminary agreement for exploration, transportation and marketing of Iraqi natural gas, the Ihlas News Agency, or IHA, reported.

Turkey Could Get $2.8B From World Bank In '09

Πεμ, 20 Νοεμβρίου 2008 - 16:50

Turkey plans to secure $2.8 billion credit form the World Bank in 2009, Turkish Economy Minister Mehmet Simsek said in the text of speech released Thursday on the Web site of the Turkish Treasury, the Ihlas News Agency, or IHA, reported.

Germany's Wingas Confirms Shelving EUR600M Pipeline Project

Πεμ, 20 Νοεμβρίου 2008 - 16:48

German natural gas pipeline operator Wingas Transport GmbH & Co. KG Wednesday confirmed it has shelved plans to build a EUR600-million natural gas pipeline in southern Germany, citing "increasing regulatory intervention."

Eni Signs Exploration Deals With Ecopetrol

Πεμ, 20 Νοεμβρίου 2008 - 16:47

Eni SpA (E), Italy's biggest energy company by market value, said Thursday it has signed two partnership deals with Colombian state-controlled Ecopetrol (ECOPETROL.BO) on exploration activity, as it aims to boost its assets in South America.

Lukoil Is In Talks To Buy Large Repsol Stake

Πεμ, 20 Νοεμβρίου 2008 - 16:45

Russia's second biggest oil producer OAO Lukoil (LKOH.RS) is in talks with key shareholders of Repsol YPF SA (REP) to buy a large stake in the Spanish oil company, people familiar with the situation said Thursday.

Vestas receives order for 58 MW in Greece

Πεμ, 20 Νοεμβρίου 2008 - 08:07

Vestas has received an order for two projects totalling 29 units of the V90-2.0 MW wind turbine. The projects have a total installed capacity of 58 MW, and the turbines for the projects will be delivered during 2009. At the customer’s request, details about the project ownership, exact location, etc. cannot be disclosed. With a total estimated annual production of 213 GWh, the wind power plants will save the environment from more than 165 tons of CO2 emissions.

NPP Belene Meets Highest Requirements for Third Generation NPPs

Τετ, 19 Νοεμβρίου 2008 - 19:05

NPP Belene meets the highest requirements for third generation NPPs, Harmut Pam, vice president of ‘Nuclear Power Plants' department at RWE Power, said. The Bulgarian government has chosen RWE Power as the main investor in the construction of the second NPP in Bulgaria.

Tariff Hike Needed for PPC Plan

Τετ, 19 Νοεμβρίου 2008 - 13:08

Greece’s largest energy utility, Public Power Corporation (PPC), said yesterday it may seek an equity increase to fund its 2009-2014 business plan if the government does not approve tariff rises. PPC, which has a market capitalization of 2.2 billion euros, is planning to invest about 11.5 billion euros under a six-year plan to modernize operations, expand abroad and boost profits in a newly liberalized market.

Turks Want New Energy Routes

Τετ, 19 Νοεμβρίου 2008 - 13:05

Turkish President Abdullah Gul yesterday joined east European leaders at a summit in Azerbaijan aimed at promoting energy routes to Europe outside Russia’s influence. Amid concerns in the region that US president-elect Barack Obama will see the Caucasus and eastern Europe as less of a priority, a senior US official told the summit that he expected Washington to stay engaged in the area.

Turkmenistan Important Partner To Pipeline

Τετ, 19 Νοεμβρίου 2008 - 12:38

Austrian Finance Minister Wilhelm Molterer hailed Turkmenistan as an "important partner" in the European Union-backed Nabucco pipeline project on Tuesday as the country's president Gurbanguly Berdymukhamedov continued his official visit to Vienna.