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Russian Gas

Δευ, 22 Σεπτεμβρίου 2008 - 14:52

The International Energy Agency, an adviser to oil and gas-consuming nations, said Russia may postpone plans to raise domestic natural gas prices, potentially stalling investment in increasing production. “In the context of inflationary pressures, price reform could be postponed,” the IEA said yesterday in its Natural Gas Market Review 2008.

Bulgaria Puts Together 4-bln-euro Power Firm

Δευ, 22 Σεπτεμβρίου 2008 - 14:48

Bulgaria yesterday merged its biggest energy companies into a 4-billion-euro holding structure to strengthen its position in the European market. The move, which Sofia first announced last year, comes at a time when the European Union is pushing for greater energy market liberalization and competition.

KazMunaiGas,Shell To Run Kashagan Oil Production - Kazakh Min

Δευ, 22 Σεπτεμβρίου 2008 - 12:44

Kazakh state oil and gas company KazMunaiGas will set up a joint venture with Royal Dutch Shell PLC (RDSA) to manage oil production at the giant Kashagan oil field in the Caspian Sea, the Kazakh Energy Minister has said according to a statement on the government Web site Friday.

New Edison LNG Terminal Cuts Dependence On Russia

Δευ, 22 Σεπτεμβρίου 2008 - 12:42

Edison SpA (EDN.MI) said Saturday a new offshore regasification terminal reached Italy, opening a new natural gas route into the European Union and curbing Italy's dependency on Russian imports.

Polish Min: NATO Must Review Relations With Russia

Δευ, 22 Σεπτεμβρίου 2008 - 12:41

The North Atlantic Treaty Organization must review its relations with Russia and update the alliance's defense strategy in the light of the Georgia crisis, Poland's defense minister said in comments published Friday.

Berlusconi Launches Nuclear And Renewable Energy Plan

Δευ, 22 Σεπτεμβρίου 2008 - 12:39

Italy's Prime Minister Silvio Berlusconi announced Saturday the introduction of "a national energy plan" paving the way for a controversial return to nuclear energy, ANSA news agency reported.

Russia Rejects New UN Measures Against Iran

Δευ, 22 Σεπτεμβρίου 2008 - 12:37

Russia is against new U.N. Security Council measures targeting Iran, the foreign ministry said in a statement Saturday.

Iran Appoints New Execs At National Gas, Petrochem Cos

Δευ, 22 Σεπτεμβρίου 2008 - 11:58

Iranian oil minister Gholam Hossein Nozari has appointed new managing directors at Iran's national gas and petrochemical companies, a spokesman from the National Iranian Gas Co. said Sunday.

Iraq,Shell To Sign $3B-$4B Gas Devt Deal Mon-Spokesman

Δευ, 22 Σεπτεμβρίου 2008 - 11:57

Iraq will sign Monday a preliminary gas deal with Royal Dutch Shell PLC (RDSB) worth $3 billion-$4 billion to jointly develop domestic gas infrastructure in the country's south, an Iraqi Oil Ministry spokesman told Dow Jones Newswires.

DJ Iraq Aug Oil Revenues Slip By 20.6% On Month

Δευ, 22 Σεπτεμβρίου 2008 - 11:55

Iraq's revenues from crude oil sales were $5.55 billion in August, 20.6% less than what Baghdad earned in the previous month because of a drop in world oil prices, an Iraqi Oil Ministry statement said Sunday.

CEZ Placed EUR6 Million In 30-Yr Notes To One Investor

Δευ, 22 Σεπτεμβρίου 2008 - 11:53

Czech power company CEZ AS (BAACEZ.PR) said Monday it issued EUR6 million zero coupon note with a 30-year maturity to one investor.

Eni Sees Kashagan Output Start At 150,000 BOE/D In 4Q 12

Παρ, 19 Σεπτεμβρίου 2008 - 13:10

Eni SpA (E), the Italian energy company leading the consortium developing Kashagan, expects the start of output at the oil project in Kazakhstan to begin in the last quarter of 2012, according to a slide on its Web site Thursday.

Germany's Merkel To Go To Russia Oct 2 For Talks

Παρ, 19 Σεπτεμβρίου 2008 - 13:09

German Chancellor Angela Merkel will travel to Saint Petersburg on Oct. 2 for inter-governmental consultations between the German and Russian governments, her government said Thursday.

Total, Gazprom And YPFB In Bolivia Exploration Agreement

Παρ, 19 Σεπτεμβρίου 2008 - 13:05

French oil major Total SA (TOT) Friday said it has signed a cooperation agreement with Russian gas monopoly OAO Gazprom (GAZP.RS) and Yacimentos Petroliferos Fiscales Bolivianos, to explore the Azero block in a gas-rich province in the foothills of the Bolivian Andes.

Shell:Nigeria Oil Attacks To Hurt Earnings

Παρ, 19 Σεπτεμβρίου 2008 - 13:04

Royal Dutch Shell PLC (RDSB.LN) Friday warned that a series of oil facility attacks in Nigeria this week has substantially reduced its oil and natural gas production in the West African nation and will hurt earnings.

ExxonMobil: New LNG Terminal Transported to Italy's Coast

Παρ, 19 Σεπτεμβρίου 2008 - 13:02

Exxon Mobil Corporation (NYSE:XOM) today announced that the world's first offshore liquefied natural gas or LNG terminal arrived at its final location off the Italian coast, where it will be capable of supplying about 10 percent of Italy's natural gas requirements. The Adriatic terminal is designed to store and regasify LNG to deliver 775 million cubic feet per day (8 billion cubic meters per year) of clean-burning natural gas when it reaches full operational capacity in 2009.