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Exxon PNG Gas Project Cost Blows Out To US$19 Billion

Exxon PNG Gas Project Cost Blows Out To US$19 Billion

Δευ, 12 Νοεμβρίου 2012 - 15:31

Exxon Mobil Corp. (XOM), the world's largest listed oil company, said Monday that the cost of building a massive natural gas-export project in Papua New Guinea has blown out to US$19 billion from a previous estimate of US$15.7 billion.

Iraq to Invest Up to $150B to Boost Oil Output Capacity

Iraq to Invest Up to $150B to Boost Oil Output Capacity

Δευ, 12 Νοεμβρίου 2012 - 15:30

Iraq could spend up to $150 billion on projects to expand its crude production capacity to more than 12 million barrels a day, the country's oil minister said in remarks published Monday.

IEA Says Europe Electricity Price Seen 50% Higher Than US in 2030

IEA Says Europe Electricity Price Seen 50% Higher Than US in 2030

Δευ, 12 Νοεμβρίου 2012 - 15:30

Electricity prices in Europe are likely to be 50% higher in Europe than in the U.S. in 2030 as many countries in the region opted to reduce nuclear capacity, which will boost consumption of natural gas, coal and renewable energies, Le Monde newspaper reported citing the International Energy Agency's chief economist Fatih Birol.

EU Doesnt Consider South Stream Pipeline Has Final Investment Decision

EU Doesn't Consider South Stream Pipeline Has Final Investment Decision

Δευ, 12 Νοεμβρίου 2012 - 15:29

The European Union's executive body questioned Monday Russia's state-run energy giant Gazprom's (GAZP.RS) announcement last week that it had taken a final investment decision to build South Stream, a planned natural gas pipeline from Russia to Europe.

EU Recommends Freezing Aviation-Emission Plan for a Year

EU Recommends Freezing Aviation-Emission Plan for a Year

Δευ, 12 Νοεμβρίου 2012 - 15:29

The European Union's executive body recommended Monday freezing for one year implementation of a program that will require airlines to hold permits to cover their greenhouse-gas emissions.

The 2nd Cyprus Energy Symposium to Focus on the Business Opportunities Stemming From the Latest Hydrocarbon Discoveries in East Mediterranean

The 2nd Cyprus Energy Symposium to Focus on the Business Opportunities Stemming From the Latest Hydrocarbon Discoveries in East Mediterranean

Παρ, 9 Νοεμβρίου 2012 - 18:09

The Institute of Energy for SE Europe (IENE), in co-operation with the Nicosia based media company FMW - Financial Media Way, is organizing the 2nd Cyprus Energy Symposium, on March 14-15, 2013, in the capital of Cyprus at the Cyprus Hilton Hotel. Following the successful 1st Cyprus Energy Symposium, which took place last January, the 2nd Symposium will focus on the «Energy Resources of Cyprus and the New Situation in Eastern Mediterranean»

Lukoil Gets Offer From Exxon On West Qurna Stake

Lukoil Gets Offer From Exxon On West Qurna Stake

Παρ, 9 Νοεμβρίου 2012 - 17:26

OAO Lukoil Holdings (LKOH.RS), Russia's second-largest oil producer, has received an offer from Exxon Mobil Corp. (XOM) on the U.S. major's West Qurna-1 oil field project in Iraq, Lukoil Deputy President Andrei Kuzyayev was quoted as saying by Interfax Friday.

Saudis Warn of Retaliation If Iran Continues to Intrude on Oil Facilities

Saudis Warn of Retaliation If Iran Continues to Intrude on Oil Facilities

Παρ, 9 Νοεμβρίου 2012 - 17:25

Saudi Arabia has reportedly warned it will retaliate if Iran continues to intrude on the airspace and waters around its offshore oil facilities in the Persian Gulf, and reserves the right to retaliate, as Tehran's firing at a U.S. drone last week raises concerns about an escalation in tensions in the region.

Gazprom Neft CEO: Output to Grow 3%-4% in 2013

Gazprom Neft CEO: Output to Grow 3%-4% in 2013

Παρ, 9 Νοεμβρίου 2012 - 17:25

OAO Gazprom Neft (SIBN.RS) aims to increase hydrocarbon output by 3%-4% in 2013 and by even more in the following years, Interfax quoted the company's chief executive, Alexander Dyukov, as saying Friday.

Russia Government Awaits More Information on Rosnefts TNK-BP Deal

Russia Government Awaits More Information on Rosneft's TNK-BP Deal

Παρ, 9 Νοεμβρίου 2012 - 17:24

Russian state-controlled oil giant OAO Rosneft (ROSN.RS) has provided the Russian government with some of the additional information it requires to approve the $55 billion buyout of competitor TNK-BP, Deputy Prime Minister Arkady Dvorkovich was cited as saying by Russian newswires Friday.