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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.

Russia's Medvedev Hosts Armenia-Azerbaijan Peace Talks

Δευ, 3 Νοεμβρίου 2008 - 11:44

The leaders of bitter ex-Soviet rivals Armenia and Azerbaijan met for talks Sunday near Moscow as Russia cast itself as peacemaker for the Caucasus after its August war there with Georgia.

Western Oil Companies Resolve Kazakh Dispute

Δευ, 3 Νοεμβρίου 2008 - 11:41

A group of Western oil companies signed an agreement with the Kazakhstan government resolving a long-running dispute over one of the world's largest oil fields.

Eni CEO: Capex At $38B For Kashagan Phase 1, Plus Other Works

Δευ, 3 Νοεμβρίου 2008 - 11:39

Eni SpA (E) Chief Executive Paolo Scaroni Friday said the capital expenditure for Phase 1, plus other works, of the massive Kashagan project in Kazakhstan amounts to $38 billion.

Russia, Libya Sign Civil Nuclear Accord, Libya Min Says

Δευ, 3 Νοεμβρίου 2008 - 11:37

Libya and Russia signed a civil nuclear cooperation deal Saturday, Libya's foreign minister said, as Moammar Gadhafi visited Moscow in a trip also expected to focus on oil and gas and arms purchases.

US Funds To Invest $1B In Renewable Energy In Turkey

Δευ, 3 Νοεμβρίου 2008 - 11:34

The Turkish energy minister said Friday two U.S. funds will invest $1 billion in Turkey.

OPEC Chief: Output Cut Will Take A Long Time To Change Prices

Δευ, 3 Νοεμβρίου 2008 - 11:32

The Organization of Petroleum Exporting Countries' decision last month to slash oil output by 1.5 million barrels a day from Nov. 1 will not immediately shore up crude prices, the cartel's chief said Sunday.

NIOC Chief: Russia Eyeing Natural Gas Swaps With Iran

Δευ, 3 Νοεμβρίου 2008 - 11:31

The National Iranian Oil Co.'s managing director said Saturday that Russia is interested in swapping natural gas with Iran, adding that the Islamic republic recently discussed gas swaps with Russian energy giant OAO Gazprom (GAZP.RS), the Oil Ministry's official Shana news Web site reported.

Hellenic Petroleum Completes the Acquisition of Petrol Station Network in Bulgaria

Παρ, 31 Οκτωβρίου 2008 - 20:03

Following the announcement on 19 June 2008, Hellenic Petroleum S.A. announces that, after obtaining all regulatory approvals, it acquired today a 100% stake in Opet Aygaz Bulgaria EAD (“OAB”), which operates a network of 17, newly-built petrol stations, located in/around major Bulgarian cities, where demand growth is strong.

China, Kazakhstan Pledge To Boost Border-Area Trade - Xinhua

Παρ, 31 Οκτωβρίου 2008 - 14:02

China and Kazakhstan on Friday issued a joint communiqué pledging to support economic and trade development in their border areas, and to boost their strategic partnership, the Xinhua news agency reported.

Lundin Petroleum Hits Oil At Langanskaya Well In Russia

Παρ, 31 Οκτωβρίου 2008 - 14:00

Swedish oil company Lundin Petroleum AB (LUPE.SK) said Friday its Laganskaya-1 exploration well in the Lagansky block in Russia's Caspian Sea had hit oil.