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Gazprom, BEH to Hike South Stream Bulgaria's Capital

Παρ, 20 Δεκεμβρίου 2013 - 17:34

State-owned Bulgarian Energy Holding (BEH) and Russian gas giant Gazprom plan to raise the capital of the joint venture company, which was set up to build and operate the South Stream gas pipeline on Bulgarian territory, by contributing 191 million levs ($133.5 million/97.7 million euro) each, Capital Daily reported.

E.ON Seeks to Sell Its Entire Spanish, Italian Ops

Παρ, 20 Δεκεμβρίου 2013 - 17:29

German energy utility E.ON SE (EOAN.XE) intends to sell its entire Italian and Spanish operations as part of a broader strategy to center its European business around its home market Germany, weekly magazine Der Spiegel reports Friday without identifying its sources.

Total's French Refineries Workers Extend Week-Long Strike

Παρ, 20 Δεκεμβρίου 2013 - 17:29

Workers at Total SA's (TOT) refineries in France voted to extend a week-long strike to demand higher pay as European refiners are cutting capacity in an industry hurt by stagnant demand and rising competition from abroad.

Gazprom Starts Oil Production At Arctic Rig Raided By Greenpeace

Παρ, 20 Δεκεμβρίου 2013 - 17:29

Russia's state-held energy giant OAO Gazprom (GAZP.RS) said on Friday it had launched oil production at an Arctic rig that was raided in September by 30 Greenpeace activists whom the authorities later detained.

Rosneft Signs Asset Swap Deal with Novatek

Παρ, 20 Δεκεμβρίου 2013 - 17:28

The head of Russia's largest oil producer OAO Rosneft (ROSN.RS) said Friday it has signed an asset-swap deal with the country's No.2 producer, Novatek, the Interfax news agency reports.

Asian LNG Spot Prices Ease From Seasonal High

Πεμ, 19 Δεκεμβρίου 2013 - 17:36

Asian spot liquefied natural gas prices have eased after touching a seasonal peak in early December but are expected to remain high through February on firm winter demand.

Libya Securing Tobruk Oil Terminal Ahead of Exports Restart - Oil Official

Πεμ, 19 Δεκεμβρίου 2013 - 17:36

Libya is ensuring that Tobruk's oil terminal--which hasn't functioned for several weeks--is safe from a technical, operational standpoint before exports from the port resume in the coming days, a top oil official said Wednesday, in an example of rare progress for the country's embattled oil sector.

Petrobras Says Latest Oil Find Confirms Sergipe's Potential

Πεμ, 19 Δεκεμβρίου 2013 - 17:36

Brazilian state-run oil company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said late Wednesday that a well off the country's northeast coast had confirmed the region's potential as a new frontier for oil and natural gas production.

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

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 Almunia: Looking into Gazprom Commitments, Further Meetings Planned

Τετ, 18 Δεκεμβρίου 2013 - 18:41

Further meetings are planned between Russian energy giant OAO Gazprom (GAZP.RS) and European Union regulators after the company's submission of proposals to address antitrust concerns, the European Commission said Wednesday.

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.

Israeli Firms Distance Themselves From Noble Energy's Oil Field Estimates

Τετ, 18 Δεκεμβρίου 2013 - 18:38

The Israeli partners of Noble Energy Inc. (NBL) in the offshore Leviathan field on Wednesday distanced themselves from comments made by the U.S. company about its estimated oil potential.

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

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

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.