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OMV: Nabucco Pipeline Not Selected by Shah Deniz Consortium

OMV: Nabucco Pipeline Not Selected by Shah Deniz Consortium

Τετ, 26 Ιουνίου 2013 - 14:51

In a written statement, OMV said that the BP PLC-led (BP) gas field consortium Shah Deniz 2 has informed the company about the decision not to pick Nabucco West as the pipeline that will transport its gas.

Crude Oil Climbs On Supply Worries

Crude Oil Climbs On Supply Worries

Τρι, 25 Ιουνίου 2013 - 17:06

Oil prices advanced on a potential decline in crude shipped from Canada, the U.S.'s biggest source of foreign oil.

Libya Looking At New Hydrocarbon Law - NOC Official

Libya Looking At New Hydrocarbon Law - NOC Official

Τρι, 25 Ιουνίου 2013 - 17:05

Libya is working on a new hydrocarbon law with better contractual terms and that will cover unconventional sources, said a top official of the national oil company, as part of the process to entice investors into the north African county following a civil war.

Shell to Invest $3.9 Billion in New Nigeria Oil, Gas Projects

Shell to Invest $3.9 Billion in New Nigeria Oil, Gas Projects

Δευ, 24 Ιουνίου 2013 - 16:21

A joint venture led by Royal Dutch Shell PLC (RDSB.LN) Friday said it will invest $3.9 billion on new oil and gas projects in Nigeria that will maintain the country's domestic energy supplies and export capability, while reducing the problem of oil theft from pipelines that has caused serious environmental pollution.

Iraq May Oil Exports Down 5.4% On Month At 2.480 Million B/D -Oil Ministry

Iraq May Oil Exports Down 5.4% On Month At 2.480 Million B/D -Oil Ministry

Δευ, 24 Ιουνίου 2013 - 16:20

Iraq's crude oil exports in May were down 5.4% to 2.480 million barrels a day, versus 2.622 million barrels a day in April due to bad weather in the southern oil terminals in the Gulf and acts of sabotage against the northern oil export pipeline to Turkey, the Iraqi oil ministry said in a statement Sunday.

Eni May Win EUR500M Nat Gas Savings -Mediobanca

Eni May Win EUR500M Nat Gas Savings -Mediobanca

Δευ, 24 Ιουνίου 2013 - 16:20

Eni's (E) renegotiations over natural gas with its main suppliers may result in operating gains of more than EUR500 million this year, says Mediobanca.

Qatars Emir Poised to Transfer Power to Son

Qatar's Emir Poised to Transfer Power to Son

Δευ, 24 Ιουνίου 2013 - 16:19

The emir of gas-rich Qatar, a major player on the world's diplomatic scene, is poised to announce his abdication in favor of his son or name him prime minister, officials and diplomats said Monday.

Iraq Northern Oil Exports On Hold Since Friday -Shippers

Iraq Northern Oil Exports On Hold Since Friday -Shippers

Δευ, 24 Ιουνίου 2013 - 16:19

Exports of crude oil from northern Kirkuk oil fields have been on hold for the last three days due to an explosion at a key pipeline in Iraq, two Middle East shipping agents said Monday.

Eni CEO: Rosneft, Eni May Cooperate in Africa

Eni CEO: Rosneft, Eni May Cooperate in Africa

Παρ, 21 Ιουνίου 2013 - 14:46

Russian oil major OAO Rosneft (ROSN.RS) and Eni SpA (E) are looking into opportunities to cooperate abroad and may work in Africa together, Eni Chief Executive Paolo Scaroni told Interfax on the sidelines of the St. Petersburg International Economic Forum Friday.