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Enel Agrees to Sell Belgium Power Plant to Gazprom for EUR227 Mln

Enel Agrees to Sell Belgium Power Plant to Gazprom for EUR227 Mln

Παρ, 21 Ιουνίου 2013 - 14:46

Enel SpA (ENEL.MI), Italy's biggest utility by market value, Friday said it signed a letter of intent to sell to OAO Gazprom (GAZP.RS) a Belgium power plant as part of its 6 billion euro ($7.92 billion) asset disposal program to slash debt.

Repsol Shareholders Push for Negotiated Solution With YPF

Repsol Shareholders Push for Negotiated Solution With YPF

Πεμ, 20 Ιουνίου 2013 - 10:53

The three largest shareholders of Spain's Repsol SA (REPYY, REP.MC) are pressing the oil company's chairman, Antonio Brufau, to resume negotiations with Argentina's YPF SA (YPF, YPFD.BA) after the South American government seized a controlling stake in YPF from Repsol last year, reports Expansion on its website Thursday.

Gazprom to Make Offer for Enels Belgium Plant

Gazprom to Make Offer for Enel's Belgium Plant

Πεμ, 20 Ιουνίου 2013 - 10:52

Russian gas giant OAO Gazprom (GAZP.RS) is likely to make a formal offer to buy a majority stake in a Belgian power plant held by Enel SpA (ENEL.MI), Italy's energy utility, according to Italian business tabloid, Milano Finanza, Thursday.

Gazprom, CNPC To Sign Long-Term Gas Contract By Year-End

Gazprom, CNPC To Sign Long-Term Gas Contract By Year-End

Τετ, 19 Ιουνίου 2013 - 15:39

Russia's gas giant OAO Gazprom (GAZP.RS) and China National Petroleum Corp. (CNPC.YY) plan to sign a long-term contract to supply Russian gas to China by the end of the year, Gazprom said in a statement Wednesday.

Russia Sees No Drop in Oil Output in Medium Term

Russia Sees No Drop in Oil Output in Medium Term

Τετ, 19 Ιουνίου 2013 - 15:39

Russian energy ministry sees no drop in oil output in the medium term, the country's energy minister Alexander Novak told reporters Wednesday, Interfax reported.

ENI CEO: Reviewing Relationship with Saipem

ENI CEO: Reviewing Relationship with Saipem

Τετ, 19 Ιουνίου 2013 - 15:38

Eni SpA (E) Chief Executive Paolo Scaroni said Wednesday that the Italian oil and gas multinational was reviewing its relationship with services company Saipem, of which it holds 43% but with no control over its operations.

IENE’s «7th S.E. Europe Energy Dialogue» to Take Place Just Before the Final Selection for the Natural Gas «Southern Corridor»

IENE’s «7th S.E. Europe Energy Dialogue» to Take Place Just Before the Final Selection for the Natural Gas «Southern Corridor»

Τετ, 19 Ιουνίου 2013 - 14:58

At the most opportune moment for the outcome of EU’s “Southern Corridor” IENE is organizing the “7th South East Europe Energy Dialogue” on June 19 – 20, 2013, in Thessaloniki. A significant part of the 7th SEEED’s agenda is devoted to the latest developments concerning the Southern Corridor, while a decision on the selection of the pipeline to transfer natural gas from the Azeri “Shah Deniz II” field to Europe is imminent

Sinopec in Preliminary Talks to Explore Oil, Gas off Iceland

Sinopec in Preliminary Talks to Explore Oil, Gas off Iceland

Τρι, 18 Ιουνίου 2013 - 18:05

China Petrochemical Corp., known as Sinopec Group, is in preliminary talks to explore for oil and gas off the northwest coast of Iceland, the state-run China Daily reported Tuesday, citing an unnamed source from Sinopec.

Total Buys New Oil Interest in Iraqs Kurdistan

Total Buys New Oil Interest in Iraq's Kurdistan

Τρι, 18 Ιουνίου 2013 - 18:04

Total SA (TOT) has bought the majority stake in an oil exploration block in Kurdistan, in a move that will further consolidate its position in the semiautonomous region of northern Iraq and once again challenge the Iraqi federal authorities.

CNPC, Total, Tethys Finalize Tajikistan Oil, Gas Deal

CNPC, Total, Tethys Finalize Tajikistan Oil, Gas Deal

Τρι, 18 Ιουνίου 2013 - 18:03

Chinese oil giant China National Petroleum Corp. and France's Total SA (TOT) Tuesday finalized an agreement with Tethys Petroleum Ltd. (TPL) to develop oil and gas assets in Tajikistan, with China cited as a key market for future exports.

Iraq Must Be Aggressive in Marketing Oil - Official

Iraq Must Be Aggressive in Marketing Oil - Official

Τρι, 18 Ιουνίου 2013 - 18:03

Iraq must market its oil aggressively, Adnan Janabi, chairman of the oil and gas committee in Iraq's parliament, said Tuesday, highlighting the challenge increasing supply and lackluster demand present to Iraq in coming years.

Azeri Socar Sets Eye on Greek Gas Company DESFA

Azeri Socar Sets Eye on Greek Gas Company DESFA

Τρι, 18 Ιουνίου 2013 - 12:56

The Azeri state energy company Socar said it has started talks with the Greek government on purchasing the country’s natural gas grid operator DESFA, the asset of the national gas firm DEPA, after being the only bidder in a failed tender for the asset sale.

South Korea to Limit Power Use; to Fine Violators

South Korea to Limit Power Use; to Fine Violators

Δευ, 17 Ιουνίου 2013 - 17:46

South Korea will cut power usage in the public and private sectors from Tuesday until the end of August as the country faces its worst-ever electricity shortage this summer, the Ministry of Trade, Industry and Energy said on Monday.