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Italy Government Says CDP to Buy Ansaldo Energia

Italy Government Says CDP to Buy Ansaldo Energia

Παρ, 4 Οκτωβρίου 2013 - 18:40

Italy's state development bank Cassa Depositi e Prestiti, or CDP, has agreed to buy into Ansaldo Energia, the energy business of Finmeccanica SpA (FNC.MI), according to the country's defense undersecretary Friday.

Brazils Petrobras Says Investment Plan Will Boost Output

Brazil's Petrobras Says Investment Plan Will Boost Output

Παρ, 4 Οκτωβρίου 2013 - 18:40

Brazilian state-run oil giant Petrobras (PBR, PETR4.BR) on Friday responded to a Moody's Investors Service credit rating downgrade by saying the company's ambitious investment plan will lead to increased output and cash flow.

IENE’s Upstream Workshop to Bring Together Some of the Region’s Top Experts

IENE’s Upstream Workshop to Bring Together Some of the Region’s Top Experts

Παρ, 4 Οκτωβρίου 2013 - 17:43

The detailed programme of IENE’s 2nd SE Europe Regional Upstream Workshop on “Hydrocarbon Exploration and Production in the Adriatic, the Black Sea and the East Mediterranean” has just been announced. The programme has been posted on IENE’s website under the Workshop’s banner. The Workshop will take place in Athens, on October 31st -November 1st, 2013, and will be held under the auspices of Greece’s Ministry of Environment, Energy & Climate Change, which is in charge of the country’s hydrocarbon sector)

EU Almunia: Preparing Statement of Objections Against Gazprom

EU Almunia: Preparing Statement of Objections Against Gazprom

Πεμ, 3 Οκτωβρίου 2013 - 18:30

The European Union's antitrust watchdog is preparing to initiate formal legal proceedings against Russian state-owned energy giant OAO Gazprom (GAZP.RS), saying it acted unfairly on the bloc's eastern flanks, its chief said Thursday.

EU Steps Up Scrutiny of Gazprom

EU Steps Up Scrutiny of Gazprom

Πεμ, 3 Οκτωβρίου 2013 - 18:30

The European Union's antitrust watchdog has stepped up its scrutiny of OAO Gazprom (SIBN.RS), saying it was preparing to initiate formal legal proceedings against the Russian state-owned energy giant in its probe of how Gazprom supplies gas to Eastern Europe.

Gas Riches Off Cyprus Lower Than Expected - Minister

Gas Riches Off Cyprus Lower Than Expected - Minister

Πεμ, 3 Οκτωβρίου 2013 - 18:29

Gas reserves off Cyprus are nearly a third less than initially estimated but remain "substantial," the country's energy minister said Thursday, insisting it would proceed with ambitious production plans.

FYROM to Further Liberalise Electricity Market for Industrial Consumers from April 2014

FYROM to Further Liberalise Electricity Market for Industrial Consumers from April 2014

Πεμ, 3 Οκτωβρίου 2013 - 12:58

The liberalisation of the FYROM electricity market for all industrial consumers will start on April 1, 2014, the country’s regulatory energy commission said. The liberalisation of the power market for all consumers, including households, will start on January 1, 2015, the regulatory energy commission said in a statement on its website on Tuesday

Lebanon Delays Again First Auction of Offshore Energy Licenses

Lebanon Delays Again First Auction of Offshore Energy Licenses

Τετ, 2 Οκτωβρίου 2013 - 19:22

Lebanon has delayed for the second time the first auction of oil and natural gas licenses in its Mediterranean coastal waters after the government failed to vote on decrees needed to start the bidding process, Energy Minister Gebran Bassil said Wednesday.

Libyan Oil Shutdown Could Damage Some Wells - Oil Minister

Libyan Oil Shutdown Could Damage Some Wells - Oil Minister

Τετ, 2 Οκτωβρίου 2013 - 19:22

The shutdown of Libyan oil fields by armed strikers could lead to some wells being damaged, the country's oil minister said Wednesday, as concerns grow the disruptions could impede the country's long-term oil potential.

Israeli Central Bank to Buy $3.5B in 2014 to Offset Gas Impact

Israeli Central Bank to Buy $3.5B in 2014 to Offset Gas Impact

Τετ, 2 Οκτωβρίου 2013 - 19:21

The Bank of Israel said it will purchase $3.5 billion in foreign currency during 2014 as part of its program to offset the impact of local natural gas production on the country's current account and exchange rate.

Hungary Asks MOL to Consider Croatia INA Stake Sale

Hungary Asks MOL to Consider Croatia INA Stake Sale

Τετ, 2 Οκτωβρίου 2013 - 19:21

The Hungarian government Wednesday asked oil and gas company MOL Nyrt. (MOL.BU) to consider selling its 49.1% stake in Croatian peer INA d.d. (INA.ZG), while rejecting efforts by Zagreb to regain control over INA by issuing an arrest warrant for MOL's top executive.

Chevron and Tohoku Electric Sign 20-Year Wheatstone LNG Agreement

Chevron and Tohoku Electric Sign 20-Year Wheatstone LNG Agreement

Τρι, 1 Οκτωβρίου 2013 - 18:23

Japanese utility Tohoku Electric Power Co. (9506.TO) has committed to a 20-year deal to buy more liquefied natural gas from Australia, reinforcing the country's position as the biggest supplier to the largest user of LNG at a time Japan is debating whether to resume nuclear power production.

Total Looking At UK Shale Gas Opportunities - CEO

Total Looking At UK Shale Gas Opportunities - CEO

Τρι, 1 Οκτωβρίου 2013 - 18:22

France's Total SA (TOT) is looking at shale gas opportunities in Britain, Chief Executive Christophe de Margerie said Tuesday in the first strong sign of interest from an oil major in the U.K.'s nascent industry.

At UN, Egypt Crisis Sidelined

At UN, Egypt Crisis Sidelined

Δευ, 30 Σεπτεμβρίου 2013 - 17:27

In mid-August, when hundreds were killed in Cairo after Egypt's interim authorities cleared out antigovernment protest camps, the country's political crisis moved front-and-center of the world stage.