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Saudis Alone to Expand Offshore Oil Field Owned with Kuwait

Saudis Alone to Expand Offshore Oil Field Owned with Kuwait

Πεμ, 19 Δεκεμβρίου 2013 - 17:35

Top oil exporter Saudi Arabia will go it alone in boosting the capacity of an offshore oil field in its shared neutral zone with Kuwait after the neighboring Persian Gulf state withdrew from the project due to political deadlock between parliament and the government, two people familiar with the matter said.

Romania Cuts Renewable Energy Incentives

Romania Cuts Renewable Energy Incentives

Πεμ, 19 Δεκεμβρίου 2013 - 16:45

The Romanian government has decided to cut the number of green certificates hydro, wind and solar energy producers will receive for projects launched after January 1, local media reported on Wednesday.

EU Probes U.K. Nuclear Plant

EU Probes U.K. Nuclear Plant

Τετ, 18 Δεκεμβρίου 2013 - 18:38

European Union regulators Wednesday opened an in-depth probe into Britain's planned flagship nuclear plant, Hinkley Point, to assess whether the project breaks state-aid rules.

Bulgarian Energy Holding, Bulgargaz Get New Bosses

Bulgarian Energy Holding, Bulgargaz Get New Bosses

Τρι, 17 Δεκεμβρίου 2013 - 17:40

The Bulgarian energy ministry appointed Ivan Yonchev as chief of the state-owned Bulgarian Energy Holding (BEH) while tapping Dafinka Yankova to head gas monopoly Bulgargaz.

Statoil Invests in Azerbaijan, Sells Project Stake

Statoil Invests in Azerbaijan, Sells Project Stake

Τρι, 17 Δεκεμβρίου 2013 - 17:39

Statoil ASA (STO) Tuesday said it has decided to invest in the development of the giant Shah Deniz gas field in the Caspian Sea offshore Azerbaijan, together with consortium partners.

Gazprom Boss Says China Gas Deal May Not be Settled Until 2014

Gazprom Boss Says China Gas Deal May Not be Settled Until 2014

Τρι, 17 Δεκεμβρίου 2013 - 17:38

The head of Russian state-run gas giant OAO Gazprom (GAZP.RS) said Tuesday that a long-awaited deal on deliveries to China may not be signed until February despite earlier vows to settle a contract before the end of the year.

Hungary Buys RWE Stake in Budapest Gas Supplier for HUF41B

Hungary Buys RWE Stake in Budapest Gas Supplier for HUF41B

Τρι, 17 Δεκεμβρίου 2013 - 17:38

Hungary's state-owned utility MVM Zrt. said Tuesday that it will buy a minority stake in Fogaz Zrt., which supplies natural gas to 820,000 households and business customers in Budapest, from German utility firm RWE AG's (RWE.XE).

Noble Energy Sees $4.8 Billion in Capital Spending Next Year

Noble Energy Sees $4.8 Billion in Capital Spending Next Year

Τρι, 17 Δεκεμβρίου 2013 - 17:38

Noble Energy Inc. (NBL) said it expects to spend $4.8 billion on capital investments next year, almost $1 billion more than this year's target, and also boosted its fourth-quarter volume estimate as the oil and gas company posted improved sales in the U.S., West Africa and Israel.

E.ON Sells German Regional Unit to Municipalities for EUR610M

E.ON Sells German Regional Unit to Municipalities for EUR610M

Τρι, 17 Δεκεμβρίου 2013 - 17:37

Energy utility E.ON SE (EOAN.XE) said Tuesday it has signed an agreement to sell a majority stake in one of its German regional energy suppliers to a consortium of municipalities in the center of the country.

Landmark Deal With Jordan Turns Israel Into Gas Exporter

Landmark Deal With Jordan Turns Israel Into Gas Exporter

Δευ, 16 Δεκεμβρίου 2013 - 16:59

A drilling consortium developing Israeli offshore natural-gas fields is closing in on a politically sensitive deal to supply gas to Jordan, according to people familiar with the situation -- moving the Jewish state a step closer to exporting energy for the first time in its history.

Libyan Rebel Leader Wont Let Oil Ports Reopen

Libyan Rebel Leader Won't Let Oil Ports Reopen

Δευ, 16 Δεκεμβρίου 2013 - 16:59

A Libyan rebel leader said Sunday his group won't let oil ports reopen because his demands for greater regional autonomy hadn't been met.

Circle Oil Expects 2014 to Be Very Active Year

Circle Oil Expects 2014 to Be Very Active Year

Δευ, 16 Δεκεμβρίου 2013 - 16:58

Circle Oil PLC (COP.LN), an international oil and gas exploration, development and production company, said Monday 2014 will be a very active year operationally with substantial drilling activity in all areas of operation.

EU Foreign Ministers Downbeat on Ukraine Deal Prospects

EU Foreign Ministers Downbeat on Ukraine Deal Prospects

Δευ, 16 Δεκεμβρίου 2013 - 16:58

European foreign ministers were downbeat Monday about the prospects of signing an agreement with Ukraine anytime soon, and some warned that its unraveling could tarnish relations with Russia.