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Gazprom Eyes 14.4BCM Of Gas From Yuzhno-Russkoye In 08

Παρ, 28 Μαρτίου 2008 - 05:45

Russian natural gas monopoly OAO Gazprom (GAZP.RS) expects to produce 14.4 billion cubic meters of natural gas in 2008 from its Yuzhno-Russkoye gas field, which is expected to be the source for the Nord Stream pipeline project to Europe, a Gazprom official said in an interview published in the company's internal corporate magazine Friday.

EU Offers EUR80M For Developing Countries' Energy Investments

Παρ, 28 Μαρτίου 2008 - 05:44

The European Commission will contribute EUR80 million to boost small environment-friendly energy private investments in developing countries to 2010, it said Friday.

E.ON: Recurring Synergies From Enel, Endesa Deal EUR70M A Yr

Παρ, 28 Μαρτίου 2008 - 05:42

E.ON AG (EOA.XE) expects to reap recurring synergies of up to EUR70 million a year by taking over power generation assets from Spain's Endesa S.A. (ELE.MC) and Italy's Enel SpA (ENEL.MI).

Russian Ministry Wants Tender For Chayanda Gas Field

Παρ, 28 Μαρτίου 2008 - 05:41

Russia's Resource Ministry is insisting on holding a tender for rights to the Far Eastern Chayandinskoe gas field, which the country's Energy Ministry earlier suggested should be transferred to state-controlled OAO Gazprom (GAZP.RS), the Vedomosti daily reports Friday.

Iraq Basra Oil Exports Below Normal For Second Day

Παρ, 28 Μαρτίου 2008 - 05:38

The rate of Iraq's crude oil exports from its southern terminal at Basra is still below normal levels, a pair of shipping agents told Dow Jones Newswires Friday, though a key bomb-damaged pipeline is expected back in operation by 1700 local time Friday.

MOL Says It Bought 18,000 Treasury Shrs On Bourse Thursday

Παρ, 28 Μαρτίου 2008 - 05:37

Hungarian oil and gas company MOL Magyar Olaj- es Gazipari Nyrt. (MOL.BU) said Friday that it purchased 18,000 shares of its registered equity on the Budapest Stock Exchange Thursday.

Ukrainian Businessman Seeks 50% Of RosUkrEnergo

Παρ, 28 Μαρτίου 2008 - 05:35

Ukrainian businessman Igor Kolomoisky is in talks over buying 50% of intermediary RosUkrEnergo, which supplies Ukraine and other East European countries with natural gas from Central Asia, the Vedomosti daily reports Friday.

Crude Higher On Iraqi Pipeline Blast

Πεμ, 27 Μαρτίου 2008 - 06:05

Crude oil futures climbed over $1 in London trade Thursday as traders reacted to news of an explosion on a southern Iraq oil pipeline that is expected to crimp the country's oil exports.

Endesa To Make Announcement On E.ON Deal After Mkt Close

Πεμ, 27 Μαρτίου 2008 - 06:03

Spanish power utility Endesa SA (ELE.MC) is planning to make an announcement on the possible sale of a portfolio of European assets to E.ON AG (EOA.XE) today after the market close, a company spokesman said Thursday.

Russian Watchdog Calls For Equal Access On Oil Exports

Πεμ, 27 Μαρτίου 2008 - 05:30

Russia's antimonopoly watchdog FAS has proposed the Energy Ministry grant equal access for Russian oil producers to the country's oil export infrastructure, the Kommersant daily reports Thursday, citing the agency's deputy head.

Faroe Petroleum Completes E.ON Deal

Πεμ, 27 Μαρτίου 2008 - 05:29

Faroe Petroleum said Thursday that the cross-border swap transaction with E.ON Ruhrgas agreed on Nov. 30, 2007 has been completed.

Snoehvit Gas Plant Shut On Heat Exchanger Leak

Πεμ, 27 Μαρτίου 2008 - 05:27

Norway's StatoilHydro ASA (STO) said Thursday it stopped production of liquefied natural gas at its Snoehvit processing plant March 18 due to a leakage in a sea water heat exchanger.

Zubair-1 Pipeline Fix Depends Entirely On Security

Πεμ, 27 Μαρτίου 2008 - 05:26

The fire at the key Zubair-1 crude pipeline in Iraq, the largest feed to the country's main oil export terminal in Basra, has been extinguished and may take 72 hours to fix if the security situation permits, a South Oil Company official said Thursday.