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Wintershall CEO Says Germany Needs to Debate Shale Gas Production

Τετ, 11 Σεπτεμβρίου 2013 - 19:42

Germany should thoroughly debate whether it can afford an outright ban on the production of shale gas, a form of unconventional natural gas found in shale rock formations that has helped turn the U.S. energy market upside down, the chief executive officer of the country's largest oil and gas producer said Wednesday.

Libya Makes Two New Gas Discoveries

Τετ, 11 Σεπτεμβρίου 2013 - 19:42

Libya, holder of Africa's fourth largest proven gas reserves, has made two new gas finds southwest of the capital Tripoli amid efforts to boost the country's hydrocarbon output, state-run National Oil Corp., or NOC, said Wednesday.

European Parliament Votes to Cap Biofuels in Transport Fuel Mix at 6%

Τετ, 11 Σεπτεμβρίου 2013 - 19:41

European use of biofuels made from food crops in transport fuel will be limited to 6%, following a Wednesday vote by the European Parliament aimed at assuaging fears that the production of the fuels was pushing up food prices.

Iraq's Majnoon Oil Field to Begin Pumping 175,000 B/D this Month

Τετ, 11 Σεπτεμβρίου 2013 - 19:41

Iraq's giant Majnoon oil field, operated by Royal Dutch Shell PLC (RDSB.LN) will start production later this month at a rate of 175,000 barrels a day, a senior Iraqi oil official said Wednesday.

Iraq to Store Strategic Oil in South Korea

Τετ, 11 Σεπτεμβρίου 2013 - 19:41

Iraq and South Korea will sign an initial agreement for comprehensive cooperation in energy matters covering oil, gas and electricity, which will include a shipment of strategic oil reserves to the Asian country.

BP Signs Pact to Help Revive Iraq's Kirkuk Oil Field

Τετ, 11 Σεπτεμβρίου 2013 - 19:41

BP PLC (BP) has agreed to help the Iraqi government revamp its giant Kirkuk oil field, Iraq's oil minister said Wednesday, potentially paving the way for the U.K.-based company to clinch a longer-term development deal.

Circle Oil: AASE-18 Well Takes Gross Production Over 13,500boepd

Τρι, 10 Σεπτεμβρίου 2013 - 18:48

Circle Oil PLC (COP.LN), an oil and gas company, Tuesday announced the results of the spud of the AASE-18 well on the Al Amir SE Field, saying it has resulted in a further increase in the total gross daily production to over 13,500 barrels of oil equivalent per day.

GDF Suez, Mitsui Get Coal Power Plant Contract in Morocco

Τρι, 10 Σεπτεμβρίου 2013 - 18:47

Safi Energy Company, a joint venture of GDF Suez SA (GSZ.FR), Japan's Mitsui & Co. Ltd. (8031.TO) and Nareva Holding, Tuesday said it has been awarded a contract to operate a coal-fired power plant in Morocco, for an undisclosed amount.

Israeli Natural Gas Partners Announce New Drilling Plans

Τρι, 10 Σεπτεμβρίου 2013 - 18:47

The partners in two large Israeli offshore natural gas fields said they will soon begin drilling in another nearby field.

Cyprus Minister of Energy will Present the Prospects of Hydrocarbons to US

Τρι, 10 Σεπτεμβρίου 2013 - 12:49

Cyprus Minister of Energy, Commerce, Industry and Tourism, Mr Yiorgos Lakkotrypis, is departied for the USA, where during the week he will hold a series of high level meetings in Washington and New York, amongst which a meeting with the US Secretary of Energy, Dr Ernest J. Moniz.

Saudi Arabia May Raise Oil Output if Prices Hit $120/bbl - SocGen

Δευ, 9 Σεπτεμβρίου 2013 - 18:26

Saudi Arabia may seek to raise oil production if prices hit $120/bbl, Mike Wittner, Head of Oil Research at Societe Generale says in a report. "I think that around $120, the Saudis start to worry a lot about whether prices are "too high" and could possibly hurt the global economy and ultimately hurt oil demand," Mr. Wittner said.

Glencore Xstrata Opens LNG Trading Desk

Δευ, 9 Σεπτεμβρίου 2013 - 18:25

Commodities titan Glencore Xstrata PLC (GLEN.LN) set up a new liquefied natural gas team last week to take advantage of opportunities in the burgeoning physical LNG market, a person familar with the matter said.

Uzbekistan, China Sign Agreements Worth $15 Billion

Δευ, 9 Σεπτεμβρίου 2013 - 18:25

Uzbekistan President Islam Karimov and Chinese President Xi Jinping on Monday signed agreements worth $15 billion in key sectors, including the exploitation of oil, gas, and uranium fields in the Central Asian state.