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Romania Launches Gas Company IPO Before IMF Review

Romania Launches Gas Company IPO Before IMF Review

Τρι, 22 Οκτωβρίου 2013 - 19:02

Romania on Tuesday launched the sale of a 15% stake in Romgaz, the largest producer of natural gas in Central Europe, seeking to raise between $425 million and $567 million.

Czech Nuclear Expansion Tender Hits New Setback

Czech Nuclear Expansion Tender Hits New Setback

Τρι, 22 Οκτωβρίου 2013 - 19:02

A Czech court Tuesday issued an injunction preventing utility CEZ AS (BAACEZ.PR) from closing a contract in its ongoing tender for a supplier of two nuclear reactors at its Temelin power plant after it was challenged by a bidder that was cast out of the competition.

Petroleo Brasileiro Petrobras SA: Libra Auction Result

Petroleo Brasileiro Petrobras SA: Libra Auction Result

Τρι, 22 Οκτωβρίου 2013 - 14:17

Petrobras announces that the consortium comprised of Petrobras (10%), Shell (20%), Total (20%), CNPC (10%) and CNOOC (10%) was the winner in the 1st Pre-salt bidding round held today by the Brazilian National Petroleum Agency (ANP). With this result, the consortium has acquired rights and obligations to the Libra block.

Russia to Follow Europe in Mass Oil Refinery Closures

Russia to Follow Europe in Mass Oil Refinery Closures

Τρι, 22 Οκτωβρίου 2013 - 14:07

Several Russian refineries are likely to shut in a few years, mirroring the current European crisis in which dozens of plants closed as they failed to compete with modern rivals in Asia and the Middle East, one of Russia's top industry players said.

Brazil Oil Auction Draws Interest, But Also Protests

Brazil Oil Auction Draws Interest, But Also Protests

Δευ, 21 Οκτωβρίου 2013 - 18:38

Brazil plans to auction off stakes in one of the world's largest offshore oil fields on Monday, in a move that will yield billions of dollars for government coffers, but which is drawing popular opposition because of the participation of foreign oil companies.

Spaniards Gird for Solar-Power Fee

Spaniards Gird for Solar-Power Fee

Δευ, 21 Οκτωβρίου 2013 - 18:37

Spain's effort to shore up its public finances is about to further squeeze a small but growing segment of the middle class: people who have joined a Europe-wide move toward self-sufficiency by installing solar panels in their homes and businesses.

WTI Below $100/Bbl For 1st Time Since July 8--Market Talk

WTI Below $100/Bbl For 1st Time Since July 8--Market Talk

Δευ, 21 Οκτωβρίου 2013 - 18:36

Front-month WTI crude contract falls below $100 a barrel for the first time since July 8, and the downward trend is likely to continue in the short term, says Dominick Chirichella of the Energy Management Institute.

OMV 3Q Production Down on Unrest in Libya, Yemen

OMV 3Q Production Down on Unrest in Libya, Yemen

Παρ, 18 Οκτωβρίου 2013 - 18:38

Political unrest in North Africa took its toll on OMV AG's (OMV.VI) hydrocarbon production levels in the third quarter, the Austrian oil and gas company said Friday.

Russia, China in Deal to Develop East Siberia Oil, Gas Reserves

Russia, China in Deal to Develop East Siberia Oil, Gas Reserves

Παρ, 18 Οκτωβρίου 2013 - 18:37

Russia and China's largest energy companies on Friday announced a "breakthrough" deal paving the way for joint development of massive energy reserves in eastern Siberia, in a sign that Moscow is overcoming its fear of Chinese encroachment on Russia's Far East.