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Norway Oil Min: Statoil Pipeline May Pave Way for Permanent Arctic Hub

Norway Oil Min: Statoil Pipeline May Pave Way for Permanent Arctic Hub

Τρι, 12 Φεβρουαρίου 2013 - 17:39

Statoil ASA's (STO) plan to bring oil by pipeline from the Barents Sea to a new terminal in the country's far north could pave the way for a permanent hub in the Arctic, Norway's Minister of Petroleum and Energy Ola Borten Moe said Tuesday.

Bulgargaz Seeks No Change in Q2 Natgas Prices

Bulgargaz Seeks No Change in Q2 Natgas Prices

Τρι, 12 Φεβρουαρίου 2013 - 14:38

Bulgaria's gas monopoly Bulgargaz has proposed that domestic natural gas prices remain unchanged at 656.47 levs ($449.6/335.6 euro) per 1,000 cubic metres in the second quarter of the year, the company said.

Japan Signs $3 Billion Loan to UAE State Oil Company ADNOC

Japan Signs $3 Billion Loan to UAE State Oil Company ADNOC

Δευ, 11 Φεβρουαρίου 2013 - 18:01

The state-owned Japan Bank for International Cooperation on Sunday signed a $3 billion loan to Abu Dhabi National Oil Co, also known as ADNOC, in a move to strengthen Japan's energy security, the trade and industry ministry said in a statement.

RWE Gives Warning on UK Energy Policy

RWE Gives Warning on UK Energy Policy

Δευ, 11 Φεβρουαρίου 2013 - 18:00

German energy company RWE AG (RWE.XE) has warned it will significantly scale back its investment in Britain unless the government provides "desperately needed" certainty over energy policy, the Sunday Telegraph reports.

Gazprom Export Forecast May Be Too High -Sberbank

Gazprom Export Forecast May Be Too High -Sberbank

Δευ, 11 Φεβρουαρίου 2013 - 18:00

Gazprom's (GAZP.RS) projection of 2013 exports to Europe of 152 billion cubic meters, against 139 billion in 2012, may prove too high, says Sberbank Investment Research. It notes exports may reach 147 billion cubic meters on the back of declining output in Europe.

EnBW To Change Significantly Due to Industry Changes

EnBW To Change Significantly Due to Industry Changes

Δευ, 11 Φεβρουαρίου 2013 - 18:00

German utility company EnBW Energie Baden-Wuerttemberg AG (EBK.XE) is facing significant changes to adjust to the changing energy market, Chief Executive Officer Frank Mastiaux said Monday.

Areva: Committed To Olkiluoto 3 Reactor Timely Completion

Areva: Committed To Olkiluoto 3 Reactor Timely Completion

Δευ, 11 Φεβρουαρίου 2013 - 17:59

French nuclear engineering firm Areva SA (AREVA.FR) Monday said that, following TVO's announcement regarding the schedule of the Olkiluoto 3 nuclear reactor project, the Areva-Siemens (SI) consortium would like to recall the commitment made by the client to take all the measures necessary to contribute to a stable and reliable calendar.

China Mulls Raising Natural Gas Prices in Some Areas

China Mulls Raising Natural Gas Prices in Some Areas

Πεμ, 7 Φεβρουαρίου 2013 - 16:19

China is considering increasing natural-gas prices in high-demand areas such as the eastern provinces of Zhejiang and Jiangsu and the city of Beijing, the state-owned China Securities Journal reported Thursday.

Statoil Sees Lower Production

Statoil Sees Lower Production

Πεμ, 7 Φεβρουαρίου 2013 - 16:18

STATOIL (STO), a Norwegian oil and gas company, said Thursday it expected production to fall in 2013 because of the terror attack on its facility in Algeria and lower gas output in the U.S. and Europe, but posted higher-than-forecast net profit for the fourth quarter.