English Edition

Gazprom, CNPC Sign Basic Terms for Gas Supplies

Πεμ, 5 Σεπτεμβρίου 2013 - 17:59

Russia state gas firm OAO Gazprom (GAZP.RS) has signed an agreement on the basic terms of gas supplies with China National Petroleum Corporation, but the two sides have yet to agree on a price, a spokesman for Gazprom said Thursday.

ONGC Expects Output to Rise Over 5% Next Fiscal Year - India Official

Πεμ, 5 Σεπτεμβρίου 2013 - 17:58

Oil & Natural Gas Corp. (500312.BY) expects its output of crude oil and gas to increase more than 5% next fiscal year from this year's projected levels, a senior Indian government official with knowledge of the state-run company's production targets said.

Analysts See 55 Billion-Cubic Feet Rise in U.S. Natural-Gas Inventories

Πεμ, 5 Σεπτεμβρίου 2013 - 17:58

Analysts and traders expect government data scheduled for release Thursday to show natural-gas inventories rose by less than five-year average levels last week.

Iraq Shortlists 12 Firms, Consortia to Build $18B Oil Export Pipeline to Jordan

Τετ, 4 Σεπτεμβρίου 2013 - 18:04

Iraq has shortlisted 12 international companies and consortiums to build the country's first oil export pipeline in decades, and will ask them to submit their bids by the end of this year for an $18 billion project that will make the country less dependent on Persian Gulf export terminals, two oil industry sources said Wednesday.

Novatek Seals $8.5B Deal to Supply Gas to E.On Russia

Τετ, 4 Σεπτεμβρίου 2013 - 18:04

OAO Novatek (NVTK.RS), Russia's second largest natural-gas producer, will increase gas supplies to the Russian arm of Germany's E.On SE (EONGY) in a 14-year deal worth 284 billion rubles ($8.5 billion), E.On Russia said on its website Wednesday.

Egypt Eyes IPO for State Energy Firms -Investment Minister

Τετ, 4 Σεπτεμβρίου 2013 - 18:03

Cash-strapped Egypt is considering initial public offerings for some of its state-owned energy firms to help boost its hydrocarbon output, as the country struggles to pay debt owed to its foreign energy partners, investment minister Osama Saleh said in an interview with Sada el-Balad Television.

Italy Halves Marine Areas Open for Hydrocarbon Exploration

Τετ, 4 Σεπτεμβρίου 2013 - 18:03

Italy Wednesday reduced by almost half the offshore areas where companies can explore and pump out hydrocarbons, despite having to spend billions of euros to import energy sources.

Total to Shut Steam Cracker In Eastern France

Τετ, 4 Σεπτεμβρίου 2013 - 18:02

French integrated oil and gas group Total SA said Wednesday that it plans to shut down a loss-making steam-cracker in Carling, Eastern France, cutting 210 jobs through attrition.

Greek Ellaktor has Posted a 26.4 per cent Rise in its Wind Farm Revenues

Τετ, 4 Σεπτεμβρίου 2013 - 12:49

Greek construction firm Ellaktor has posted a 26.4 per cent rise in its wind farm revenues for the first half of 2013, despite an overall drop of four per cent for the company.

Genel Energy: Declaration of Commerciality for Miran Approved

Τρι, 3 Σεπτεμβρίου 2013 - 18:36

Genel Energy PLC (GENL.LN), said Tuesday that a Declaration of Commerciality or DoC for the Miran field has been approved by the Ministry of Natural Resources of the Kurdistan Regional Government.

Romania's Nuclearelectrica Sets Price Range for IPO

Τρι, 3 Σεπτεμβρίου 2013 - 18:36

Romania's Economy Ministry could raise as much as 369.3 million lei ($110.4 million) in an initial public offering of 10% in state-run nuclear power producer Nuclearelectrica, news agency Mediafax reports Tuesday.

Iraq Extends $25M Aid to Jordan to Meet Energy Needs

Τρι, 3 Σεπτεμβρίου 2013 - 18:35

The Iraqi cabinet has agreed to extend Jordan $25 million in aid to meet its energy needs, the Jordanian official news agency Petra reported Tuesday.

Gazprom's Profit Ticks Up As European Economies Improve

Τρι, 3 Σεπτεμβρίου 2013 - 18:35

Russian state natural-gas firm OAO Gazprom (GAZP.RS), battered last year by increased competition and lower demand in the lucrative European market, said it sees an uptick in demand for its gas as Europe's economies recover.

Norway Power Grid Operator Needs More Capital to Build Grid

Τρι, 3 Σεπτεμβρίου 2013 - 18:34

Norwegian state-owned power grid operator Statnett Tuesday has asked the government for a 3.25 billion Norwegian kroner ($0.53 billion) equity injection in 2014 as it makes significant power grid investments, and also applied to pay no dividend next year.

Gazprom Board to Consider Increase in 2013 Investment Program

Τρι, 3 Σεπτεμβρίου 2013 - 18:33

Russian state-controlled gas firm OAO Gazprom (GAZP.RS) is considering increasing its investment program for 2013, the head of the company's investment and construction department, Yaroslav Golko, said Tuesday.

Turkey's Zorlu Enerji Brings Online 60 MW Geothermal Power Plant

Τρι, 3 Σεπτεμβρίου 2013 - 13:56

Turkish power producer Zorlu Enerji [BIST:ZOREN] said Monday its wholly-owned unit Zorlu Dogal Elektrik Uretimi has put into operation a 60 megawatt (MW) geothermal plant under the first phase of its 80 MW Kizildere II project in southwestern Turkey.