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EU Delays Antitrust Review Of Galp Bid For Exxon Mobil Assets

Δευ, 13 Οκτωβρίου 2008 - 14:39

The European Commission Monday delayed its antitrust review of Portuguese oil and gas company Galp Energia SGPS SA's (GALP.LB) bid to buy assets from Exxon Mobil Corp. (XOM).

PPC upgrade

Παρ, 10 Οκτωβρίου 2008 - 15:46

Public Power Corporation, Greece’s largest electricity producer, was upgraded to “overweight” from “underweight” at Morgan Stanley, which said agreed tariff increases and job cuts should boost profit next year. “In 2009, we expect EBITDA to triple and the group to easily finance its capex and reduce debt,” London-based analyst Antonella Bianchessi wrote in a report yesterday.

Russian Pres Urges EU-style Cooperation By CIS

Παρ, 10 Οκτωβρίου 2008 - 13:20

Russian President Dmitry Medvedev made a plea Thursday for closer cooperation among former Soviet states ahead of a regional summit overshadowed by the Georgia-Russia war and global financial turmoil.

Iran Flexes Its Pricing Power In Arab Gas Deal

Παρ, 10 Οκτωβρίου 2008 - 13:17

Oil prices may be softening, but the price of natural gas is climbing sharply in the Persian Gulf, thanks to the booming economies of the Arab petro-states.

Azerbaijan Plans To Build Refinery By 2018 For Kazakh Oil

Παρ, 10 Οκτωβρίου 2008 - 13:15

Azerbaijan plans to build a $4 billion oil refinery by 2018 to process Kazakh crude oil, an official of Azerbaijan's state oil company told an energy conference Thursday.

Chevron Puts 3Q Net Above 2Q On Stronger Refining Results>CVX

Παρ, 10 Οκτωβρίου 2008 - 13:13

Chevron Corp. (CVX) expects to report third-quarter earnings that exceeded the previous quarter's on significantly better results in its downstream refining and marketing operations.

BP Restarts Oil Output At 300,000B/D West Azeri Platform

Παρ, 10 Οκτωβρίου 2008 - 13:11

BP PLC (BP) Thursday night restarted oil production at the 300,000 barrel a day capacity West Azeri oil platform, on Azerbaijan's Azeri-Chirag-Gunashli field, a spokeswoman for the company said Friday. The Central Azeri platform on the same field, with capacity to pump 350,000 barrels of oil a day, remains shut down, she said.

Oil Demand Growth Heads To 15-Yr Low On Fincl Woes

Παρ, 10 Οκτωβρίου 2008 - 13:09

The International Energy Agency on Friday warned that global oil demand this year is on course to register its weakest growth in 15 years and is likely to log similarly anemic growth in 2009 as the world's financial woes eat away economic activity.

Cadogan To Start Production In 4Q, Invest $498M By 2010

Παρ, 10 Οκτωβρίου 2008 - 13:03

Cadogan Petroleum (CAD.LN), an independent oil and gas company with assets in Ukraine, expects to start commercial production of natural gas by the end of 2008, and to move to "substantial production" by mid-2009, Chief Executive Mark Tolley told Dow Jones Newswires Thursday.

Iran Oil Min: OPEC May Hold Mid-Nov Emergency Mtg

Παρ, 10 Οκτωβρίου 2008 - 12:42

Iran's oil minister said Thursday the Organization of Petroleum Exporting Countries may hold an emergency meeting in mid-November, the state IRNA news agency reported.

Kazakh KazMunaiGas EP Plans GDR, Share Buyback

Πεμ, 9 Οκτωβρίου 2008 - 14:56

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ) said Thursday it would buy back its common shares and global depository receipts traded on the Kazakhstan and London Stock Exchanges, respectively.

Sojitz, Uzbekistan In Pact On Possible Uranium JV

Πεμ, 9 Οκτωβρίου 2008 - 14:54

Sojitz Corp. (2768.TO) said Thursday it has signed an agreement with the Uzbekistan government on uranium exploration.

TNK-BP:To Invest In Ukraine's Refinery, Eyes Upstream Options

Πεμ, 9 Οκτωβρίου 2008 - 14:50

Despite the current financial crisis, Anglo-Russian oil joint venture TNK-BP (TNBP.RS) is still ready to modernize its refinery in Ukraine and is studying options to expand its upstream business in the country, Sergey Lisunov, the president of TNK-BP Commerce, TNK-BP's subsidiary in Ukraine told Dow Jones Newswires Wednesday.