English Edition

Repsol CEO: Resource Nationalism Cuts Oil Invest

Δευ, 30 Ιουνίου 2008 - 05:06

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?

Δευ, 30 Ιουνίου 2008 - 05:04

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

Δευ, 30 Ιουνίου 2008 - 05:03

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.

Sibir Energy 07 Net Pft Triples; Output Up At Salym Oil Field

Δευ, 30 Ιουνίου 2008 - 05:01

London-listed Russian oil producer Sibir Energy PLC (SBE.LN) said Monday its net profit for the full year 2007 tripled to $277.8 million on higher output at the Salym oil field in Siberia.

Kazakh Govt Seeks Changes To Kashagan Accord Of Jan - Report

Παρ, 27 Ιουνίου 2008 - 05:33

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

Παρ, 27 Ιουνίου 2008 - 05:31

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

Παρ, 27 Ιουνίου 2008 - 05:28

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

Παρ, 27 Ιουνίου 2008 - 05:26

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

Παρ, 27 Ιουνίου 2008 - 05:24

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.

Russia's Pres Says New EU-Russia Pact To Be Long-Term

Παρ, 27 Ιουνίου 2008 - 05:23

Russian President Dmitry Medvedev said Friday that the new wide-ranging agreement between Russia and the European Union should be a long-term one.

Gazprom Ups 2008 Gas Output Target To 563 Bln Cubic Meters

Παρ, 27 Ιουνίου 2008 - 05:20

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

Παρ, 27 Ιουνίου 2008 - 05:18

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

Παρ, 27 Ιουνίου 2008 - 05:17

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.