English Edition

Turkmenistan Leader To Visit Seoul To Discuss Energy

Τρι, 4 Νοεμβρίου 2008 - 15:38

Turkmenistan President Gurbanguly Berdimuhamedow will arrive South Korea on Wednesday for a three-day state visit aimed at boosting bilateral cooperation in the energy and resources sector, the Yonhap news agency reported, citing a statement from the president's office.

BG Grp To Change Timetable For Karachaganak Phase 3 Devt

Τρι, 4 Νοεμβρίου 2008 - 15:36

BG Group PLC (BG.LN) said Tuesday it plans to change the timetable of the third phase of the Karachaganak gas and condensate project in Kazakhstan in anticipation that the cost of development will fall.

Lithuania, Poland Leaders Warn EU Against Russia Talks

Τρι, 4 Νοεμβρίου 2008 - 15:34

There should be no European Union talks with Russia until it fully respects the ceasefire with Georgia, the leaders of Lithuania and Poland insisted Monday.

Turkey Energy Min:Ankara Gas Tender May Go To 2nd Bidder

Τρι, 4 Νοεμβρίου 2008 - 15:33

Turkish Energy Minister Hilmi Guler said Monday a tender held to sell natural gas distribution grid of the country's capital Ankara may be awarded to the second highest bidder, the Ihlas News Agency, or IHA, reported.

Iran Ctrl Bk:Iran Econ Faces Problems If Oil Under $60

Τρι, 4 Νοεμβρίου 2008 - 15:31

Iran's Central Bank warned Monday that if oil prices fall under $60 a barrel, the country's oil-dependent economy will struggle to survive the world financial crisis, the ISNA news agency reported.

StatoilHydro To Up End User Sales, Third Party Trading

Τρι, 4 Νοεμβρίου 2008 - 15:30

StatoilHydro ASA (STO) plans to expand sales to end users in European gas markets and increase third-party gas sales and purchase activities beyond its own production, the company said Monday.

OMV Says E&P Projects To Be Postponed Due To Oil Price Fall

Τρι, 4 Νοεμβρίου 2008 - 15:29

Oil and gas company OMV AG (OMV.VI) will prioritize exploration and production projects, due to the recent drop in oil prices, and so won't be able to meet its organic 2010 production target, head of E&P and board member Helmut Langanger told Dow Jones Newswires Tuesday.

Endesa Board To Approve Large Dividend

Τρι, 4 Νοεμβρίου 2008 - 15:27

The board of Spanish power company Endesa SA (ELE.MC) at a meeting Tuesday is likely to approve a large dividend of between EUR5 and EUR6 per share, La Gaceta de los Negocios reports Tuesday.

Mytilineos and Motor Oil Sign Energy Agreement

Τρι, 4 Νοεμβρίου 2008 - 14:44

Metals and energy group Mytilineos has signed a power production agreement with Greece’s second-largest refinery, Motor Oil, as part of plans to expand in the sector.Mytilineos will pay 59.5 million euros through a share capital increase to acquire a 65 percent stake in Corinth Power, which has a license to operate a plant to be built near Corinth, and which is 35 percent-owned by Motor Oil.

US Energy Official Visit To Turkey May Spur Gas, Oil Routes

Δευ, 3 Νοεμβρίου 2008 - 11:48

High-level meetings between U.S. and Turkish officials this week could help build the case for a southern pipeline corridor through the country, bringing Caspian Sea natural gas and oil to Western markets.

CNPC,KazMunaiGaz Agree To Expand Gas-Supply Cooperation

Δευ, 3 Νοεμβρίου 2008 - 11:45

China National Petroleum Corp., the country's largest crude producer by output, recently signed a framework agreement with Kazakhstan's national oil and gas company KazMunaiGaz to expand cooperation in natural gas supply and the implementation of a gas pipeline project, the official Xinhua News Agency reported Saturday.