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Gazprom Could Delay South Stream Startup To 2015

Gazprom Could Delay South Stream Startup To 2015

Russian gas monopoly OAO Gazprom (GAZP.RS) could delay the launch of the South Stream gas pipeline to Europe by two years, the Vedomosti business daily reports Friday, citing an internal strategy document.

Norway Oil Min:Great Interest In Latest Oil,Gas License Round

Norway Oil Min:Great Interest In Latest Oil,Gas License Round

Norway's Oil Ministry Friday said there was considerable interest in the country's latest so-called "awards in predefined areas", or APA, oil and gas license round, which attracted applications from 47 companies.

Russia Says EU Has Full Access To Georgia Buffer Zones

Russia Says EU Has Full Access To Georgia Buffer Zones

Russia Wednesday vowed to give European Union monitors full access to Russian-controlled buffer zones around two rebel regions of Georgia, Interfax news agency reported, citing the Defense Ministry.

Iran In Pact To Export 1B Cubic Ft/Day Of Gas To Oman

Iran In Pact To Export 1B Cubic Ft/Day Of Gas To Oman

Iran has agreed to export 1 billion cubic feet a day of natural gas from its Kish natural gas field to Oman, the Oil Ministry's official Shana news Web site reported Tuesday.

US Senate Passes US-India Civilian Nuclear Deal

US Senate Passes US-India Civilian Nuclear Deal

The U.S. Senate Wednesday endorsed a landmark U.S.-India nuclear agreement, removing the final legislative hurdle for resumption of civilian nuclear trade between the two countries after three decades.

Gazprom: Gas Price For Europe Hits $500 For First Time

Gazprom: Gas Price For Europe Hits $500 For First Time

Russia will for the first time charge European customers over $500 dollars per 1,000 cubic meters of gas in October after prices grew faster than expected, gas monopoly OAO Gazprom (GAZP.RS) said Wednesday.

CEZ Wins Tender For To Modernize Romanian Power Sector

CEZ Wins Tender For To Modernize Romanian Power Sector

CEZ AS (BAACEZ.PR), a central European power company based in the Czech Republic, Thursday said it has won a tender to modernize existing power generation units in Romania and build new units there.

Enel Ready To Invest Up To EUR20B In Nuclear Power

Enel Ready To Invest Up To EUR20B In Nuclear Power

Enel SpA (ENEL.MI) Chief Executive Fulvio Conti said in an interview published Thursday that Italy's largest power company was ready to invest up to EUR20 billion in nuclear power in the coming years.

Russia Sept Oil Output 9.83M B/D, +0.1% On Mo

Russia Sept Oil Output 9.83M B/D, +0.1% On Mo

Russia produced an average of 9.83 million barrels a day of crude oil and condensate in September, the news agency Interfax reported Thursday, citing Ministry of Industry and Energy statistics.

Enel Would Pay Acciona EUR11.07B For Endesa Stake

Enel Would Pay Acciona EUR11.07B For Endesa Stake

Italian power utility Enel SpA (ENEL.MI) would have to pay Spain's Acciona SA (ANA.MC) EUR11.07 billion if it wants to acquire the Spanish utility's 25% stake in Endesa SA (ELE), Expansion reports Wednesday.

OMV: Croatia Govt OKs Adria LNG At Island Krk

OMV: Croatia Govt OKs Adria LNG At Island Krk

Austrian oil and gas company OMV AG (OMV.VI) said Wednesday Croatia's government has confirmed the Island of Krk as location for the planned Adria liquified natural gas terminal, and that construction will commence at the end of 2009.

EDF To Await Commissions OK Before Centrica Talks

EDF To Await Commission's OK Before Centrica Talks

French state-controlled power giant Electricite de France SA (1024251.FR) wants to wait for the European Commission's approval of its acquisition of British Energy PLC (BGY.LN), before it makes an agreement with British utility Centrica PLC (CNA.LN), French daily Les Echos said Wednesday.

Eni, Gazprom To Wrap Libyan Deal By Oct 15

Eni, Gazprom To Wrap Libyan Deal By Oct 15

Italian oil and gas giant Eni SpA (E) will sell Russia's Gazprom OAO (GAZP.RS) half of its stake in Eni's Libyan oil field Elephant by mid-October, Il Sole-24 Ore reports Wednesday.

Gazprom Neft 2Q Net Rises 85% On Volumes, Prices

Gazprom Neft 2Q Net Rises 85% On Volumes, Prices

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian gas monopoly OAO Gazprom (GAZP.RS), Tuesday said its second-quarter net profit grew 85% in 2008, as it produced more oil and sold it at higher prices.

Iran May Limit IAEAs Access To Nuclear Sites

Iran May Limit IAEA's Access To Nuclear Sites

Iran's parliament may limit the U.N. watchdog's inspections of the country's nuclear sites following a new U.N. resolution against Tehran over its atomic program, a senior Iranian lawmaker said Tuesday.

After Georgia War, Germany And Russia Get Back To Business

After Georgia War, Germany And Russia Get Back To Business

Germany and Russia will on Thursday hold their first broad government consultations since the stress sparked by the Georgia crisis, with both sides hoping to get back to business as usual.