English Edition

Repsol CEO: Resource Nationalism Cuts Oil Invest

Repsol CEO: Resource Nationalism Cuts Oil Invest

Resource nationalism in many countries hampers investment in new oil and gas exploration and could spur declines, Antonio Brufau, Chief Executive at Spanish-Argentine oil firm Repsol YPF SA (REP) said Monday.

Eni Gets Cosy With State Govts, But Will It Pay Off?

Eni Gets Cosy With State Govts, But Will It Pay Off?

Over the past year or so, Eni has aggressively signed deals with several state oil companies, including Algeria, the Republic of Congo, Libya, Qatar and other nations, which reestablish or expand its access to new drilling projects both within and outside these countries.

GdF To Partner PowerGas For LNG Terminal Operation, Singapore

GdF To Partner PowerGas For LNG Terminal Operation, Singapore

French utility Gaz de France (1020848.FR) said Monday it has entered into an agreement with PowerGas, a wholly owned subsidiary of Singapore Power, to jointly build and operate Singapore's first LNG terminal.

Kazakh Govt Seeks Changes To Kashagan Accord Of Jan - Report

Kazakh Govt Seeks Changes To Kashagan Accord Of Jan - Report

The Kazakh government wants changes to the deal reached in January with the consortium developing the Kashagan field to take into account surging crude oil prices, a possible delay in output and a jump in costs, daily Il Sole-24 Ore reports Friday, without citing sources.

Caspian Holdings Gets Production Re-Start Approval

Caspian Holdings Gets Production Re-Start Approval

Caspian Holdings, an oil and gas exploration company with leases in Kazakhstan and the USA Friday announced that it has received work programme approval for its Zhengeldy project in Kazakhstan from Zapkaznedra.

CNPC-run PetroKazakhstan To Pay $466 Mln Fine In Back Tax

CNPC-run PetroKazakhstan To Pay $466 Mln Fine In Back Tax

Kazakh courts have upheld the Finance Ministry's claims against PetroKazakhstan for 56.3 billion tenge ($466 million) in back taxes on excess profits, a spokeswoman for the Tax Committee said Friday.

Bulgaria, Hungary Push Nabucco Gas Pipeline Project

Bulgaria, Hungary Push Nabucco Gas Pipeline Project

Bulgaria and Hungary appear to be becoming impatient at slow progress on the E.U.'s flagship Nabucco gas pipeline, with two top officials pressing for action on Friday.

Iran NIOC Official: Oil Prices May Go Even Higher

Iran NIOC Official: Oil Prices May Go Even Higher

Both oil producers and consumers are worried about a potential shortage of oil in the years ahead as demand outpaces supply growth, and it is likely prices will go even higher unless the problem of excess liquidity in the U.S. economy is resolved, a top official from Iran's national oil company said Friday.

Gazprom Ups 2008 Gas Output Target To 563 Bln Cubic Meters

Gazprom Ups 2008 Gas Output Target To 563 Bln Cubic Meters

Russia's state gas firm OAO Gazprom (GAZP.RS) has increased its natural gas production forecast for 2008 by 2 billion cubic meters of natural gas to 563 billion cubic meters, or 2.6% more than last year, the company's Chief Executive Alexei Miller said Friday.

OGK-2 Expects 2007 IFRS Results To Show RUB266 Mln Loss

OGK-2 Expects 2007 IFRS Results To Show RUB266 Mln Loss

Russian wholesale generator OAO OGK-2 (OGKB.RS) Friday said it expects its 2007 results, calculated under International Financial Reporting Standards, to show a loss of 266 million rubles ($11.3 million).

Gazprom CEO Says Company Still Undervalued

Gazprom CEO Says Company Still Undervalued

Russia's state-controlled gas company OAO Gazprom (GAZP.RS) is still undervalued despite its market capitalization surge in recent years, the company's Chief Executive Alexei Miller said Friday.

Czech CEZ Completes Temelin Expansion Environ Report

Czech CEZ Completes Temelin Expansion Environ Report

State-run Czech power company CEZ AS (BAACEZ.PR) has completed an environmental impact assessment for the expansion of its Temelin nuclear power plant, newspaper Hospodarske Noviny reports Friday, citing sources close to the government.

Gazprom Expects 2008 Export Revenue Up 43% To $64B

Gazprom Expects 2008 Export Revenue Up 43% To $64B

Russia's state gas company OAO Gazprom (GAZP.RS) expects its 2008 export revenue to reach $64 billion, up 43% from last year, the Prime-Tass news agency reported Friday, citing the company's Chief Executive Alexei Miller.

Bulgarian Parliament to Ratify South Stream in July

Bulgarian Parliament to Ratify South Stream in July

SOFIA, Bulgaria (AFP)--The Bulgarian government has asked parliament to ratify the South Stream gas pipeline deal with Russia in a vote likely to take place within the next month, the government information service said Thursday.