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EU: Gazprom Submits Draft Proposals in Antitrust Probe

Παρ, 13 Δεκεμβρίου 2013 - 20:04

Russian energy company OAO Gazprom has submitted draft proposals to European Union regulators about its pricing and other practices, the European Commission said Friday. "I can confirm that we have received the proposals," said EU commission spokesman Antoine Colombani

Chevron to Spend Less on Capital and Exploration in 2014

Πεμ, 12 Δεκεμβρίου 2013 - 17:24

Chevron Corp. (CVX) intends to spend $39.8 billion on capital and exploratory investments next year, about $2 billion less than is expected for 2013, which was a relative peak year for such spending.

Bulgaria, Westinghouse Enter into Exclusive Talks on Nuclear Deal

Πεμ, 12 Δεκεμβρίου 2013 - 17:24

Westinghouse Electric Co., the U.S.-based unit of Japan's Toshiba Corp (6502.TO), Thursday said it had signed an agreement with the Bulgarian energy ministry to enter into exclusive talks for the supply of a new nuclear reactor at its existing Kozloduy nuclear power plant.

Saudi Arabia Signals It Is Unwilling to Cut Oil Output Solo

Πεμ, 12 Δεκεμβρίου 2013 - 17:23

Saudi Arabia won't unilaterally cut oil production as it and fellow OPEC members discuss how to cope with a possible increase in global crude output, according to people familiar with the matter.

New Energy Regulator Head Appointed in Bulgaria

Πεμ, 12 Δεκεμβρίου 2013 - 13:54

Bulgaria's governmentappointed on Wednesday the chief executive officer of the state-owned Bulgarian Energy Holding (BEH), Boyan Boev, as head of the country's energy regulator.

Turkey Seeks to Raise Stake in TANAP Project

Πεμ, 12 Δεκεμβρίου 2013 - 13:31

Turkey is seeking to increase its 20% stake in the Trans Anatolian Natural Gas Pipeline (TANAP) project, which will carry Azeri gas to Europe through Turkey, Turkish media reported on Wednesday.

IEA Says Iran Oil Exports Rising But Challenges Abound

Τετ, 11 Δεκεμβρίου 2013 - 18:18

Iran's oil exports are already rebounding after an interim deal with the West but the Islamic Republic won't flood markets even if international sanctions are lifted, the International Energy Agency said Wednesday.

BP, Reliance Industries Will Aim To Quadraple Gas Output In India By 2020: Executive

Τετ, 11 Δεκεμβρίου 2013 - 18:18

Reliance Industries Ltd. (500325.BY) and joint-venture partner BP PLC (BP.LN) will invest up to $10 billion to quadruple their natural gas output in India by 2020, the head of BP PLC's Indian unit said Wednesday.

North Sea Oil Output Seen 4% Lower in January Than December

Τετ, 11 Δεκεμβρίου 2013 - 18:17

The amount of crude oil to be pumped from fields in the North Sea in January will be lower than in December, according to loading programs for the four key grades.

Putin Orders Military to Boost Arctic Presence

Τρι, 10 Δεκεμβρίου 2013 - 18:50

President Vladimir Putin ordered Russia's military on Tuesday to step up its presence in the Arctic after Canada signaled its intention to claim the North Pole and surrounding waters.

Russia PM: South Stream Agreement Prevails Over EU Energy Law

Τρι, 10 Δεκεμβρίου 2013 - 18:50

The agreement on building and operating OAO Gazprom's (GAZP.RS) South Stream pipeline on European Union territory between Russia and the EU prevails over European energy law, Russian Prime Minister Dmitry Medvedev told journalists Tuesday, Interfax reported.