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Gazprom: Reserves To Grow By 10 Tln Cubic Meters Gas By 2020

Τρι, 17 Ιουνίου 2008 - 03:23

Russian gas monopoly OAO Gazprom (GAZP.RS) expects an increase in its reserves of 10 trillion cubic meters of gas by 2020, board member Vlada Rusakova told journalists Tuesday.

GdF To Establish ADRs To Replace Suez Shares Post Merger

Τρι, 17 Ιουνίου 2008 - 03:22

French utility Gaz de France (1020848.FR), which plans to merge with Franco-Belgian peer Suez (SZEZY) in July, Tuesday said it will be establishing an American Depositary Receipt program to replace one for Suez's shares.

Lukoil Sees Non-Russian Output At 170,000 B/D In '08

Τρι, 17 Ιουνίου 2008 - 03:21

Russian oil major OAO Lukoil (LKOH.RS) said it expects production outside Russia to reach 170,000 barrels a day in 2008, the news agency Interfax reported Tuesday.

Saudi Aramco's Khursaniyah Field May Start Up In Aug

Τρι, 17 Ιουνίου 2008 - 03:19

Saudi Arabian Oil Co. or Saudi Aramco, may start producing crude from its Khursaniyah oil field in early August but not at full capacity, Abha-based Al Watan daily reported Tuesday.

Iran's Pres Proposes New Currency For OPEC Oil Transactions

Τρι, 17 Ιουνίου 2008 - 03:18

Iranian President Mahmoud Ahmadinejad Tuesday reaffirmed his proposal to create a completely new currency which countries of the Organization of Petroleum Exporting could use in oil transactions.

Gazprom CEO: Kovykta Deal To Be Closed Soon

Τρι, 17 Ιουνίου 2008 - 03:16

The chief executive of Russia's Gazprom (GAZP.RS) Tuesday said last year's deal to buy control of the Kovykta gas field from TNK-BP Holding (TNBP.RS) will close very soon, news agency Interfax reported.

Mytilineos Adds to its RES Portfolio

Παρ, 13 Ιουνίου 2008 - 06:03

Greek metals, energy and engineering group Mytilineos said yesterday it has bought four wind parks in Evia, central Greece, for 28 million euros as part of plans to develop its renewable energy portfolio.

Power Utility Seeks to Roll Over Fuel Costs

Παρ, 13 Ιουνίου 2008 - 05:58

The board of the Public Power Corporation (PPC) told shareholders yesterday changes are needed to the energy sector’s regulatory framework.

Indian Oil Exec: Iran Farsi Block Gas Devt May Cost $3B

Παρ, 13 Ιουνίου 2008 - 05:13

Indian Oil Corp. (530965.BY) has submitted the commerciality report for its gas find in Iran's Farsi block to the Iranian government last December, a senior company executive said Friday.

Serbian Deputy PM: Gazprom Deal To Be Ratified July

Παρ, 13 Ιουνίου 2008 - 05:11

Serbian Deputy Prime Minister Bozidar Djelic said he expects a pipeline agreement with Russia's state gas monopoly OAO Gazprom (GAZP.RS) will be ratified by the Serbian parliament by the end of July, Russia's daily Kommersant reports Friday.

BP Fears Selling TNK-BP's AAR Stk Lower Than Bought-Sources

Παρ, 13 Ιουνίου 2008 - 05:09

BP PLC (BP) doesn't want to buy the Russian shareholders' stock in TNK-BP Holding (TNBP.RS) and then have to resell it at a lower price to a Russian state concern, people familiar with the British company's thinking said this week.

Iberdrola Renovables To Spend EUR4.5M On Wave Power

Παρ, 13 Ιουνίου 2008 - 05:07

Renewable energy company Iberdrola Renovables SA (IBR.MC) and Spanish research company Tecnalia plan to invest EUR4.5 million in the development of wave energy, Iberdrola Renovables said in a release Friday.

No Deal Yet On DNO Iraqi Oil Export License

Παρ, 13 Ιουνίου 2008 - 05:06

Norwegian oil and natural gas company DNO International (DNO.OS) hasn't yet received an oil export license from the Iraqi government, though talks on the issue will soon be taken up when Iraq's Northern Kurds and Baghdad restart talks over the country's delayed hydrocarbons law, a senior Kurdish official said Friday.