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Gazprom To Extend Memorandum Of Cooperation With Novatek On LNG Until February 2013

Παρ, 28 Δεκεμβρίου 2012 - 12:40

Russia's natural gas monopoly Gazprom (GAZP.RS) said late Thursday that it intends to extend a memorandum of cooperation with Novatek (NVTK.RS), the country's largest independent natural gas producer, until Feb. 1, 2013.

Lebanon’s First Exploration Round Next May

Παρ, 28 Δεκεμβρίου 2012 - 10:00

Lebanon will launch its first oil and gas exploration licensing round on 2 May, according to a decision reached today by the council of ministers.

Privatization of Gas Firms Set to Fetch Around 1 bln Euros

Παρ, 28 Δεκεμβρίου 2012 - 09:46

The privatization project concerning Greece’s Public Gas Corporation (DEPA) and DESFA, the country’s gas network operator, has drawn major interest and is likely to fetch around 1 billion euros, or even more, judging by the nonbinding offers submitted to the state privatizations fund (TAIPED).

Petroceltic Planning to Explore for Oil in Greece

Πεμ, 27 Δεκεμβρίου 2012 - 14:51

Petroceltic International Plc, an oil and gas company with operations in Egypt and Eastern Europe, plans to explore for oil in Greece. The company has made an application in the country for onshore and offshore blocks with Hellenic Petroleum SA (ELPE) and Edison SpA, Brian O’Cathain, chief executive officer of Petroceltic, said in a telephone interview from Dublin.

Libya Oil Terminal Shut Down by Demonstrators

Πεμ, 27 Δεκεμβρίου 2012 - 13:26

Libyan demonstrators have forced a major oil terminal in the east of the country to halt operations for four days in a row, the deputy oil minister said on Wednesday.

Venezuela PdVSA Holds Meetings With Repsol, Eni Over Ventures

Πεμ, 27 Δεκεμβρίου 2012 - 13:26

State oil monopoly Petroleos de Venezuela will host Repsol SA (REPYY, REP.MC) Chairman and Chief Executive Antonio Brufau Thursday to discuss and review accords between the two energy companies.

Toshiba: In Talks with 3 Parties to Sell Up to 16% of Westinghouse

Πεμ, 27 Δεκεμβρίου 2012 - 13:26

Toshiba Corp. (6502.TO) is in talks with three parties about selling up to a 16% stake in Westinghouse Electric Co., in which it owns 67%, but intends to keep a controlling stake in the U.S. manufacturer of nuclear power facilities, Toshiba's president said Thursday.

Asian Bids Closer to Winning Turkey Nuclear Plant Project

Τετ, 26 Δεκεμβρίου 2012 - 11:38

Asian countries are closer to winning a bid to build Turkey's second nuclear power plant near the Black Sea city of Sinop, the Turkish energy minister said on Tuesday, in a signal that Canada was no longer in the running.

AAR To Invest Main Proceeds From TNK-BP Sale In Russia

Τετ, 26 Δεκεμβρίου 2012 - 11:38

The AAR consortium of Soviet-born billionaires will invest the main proceeds from a sale of stake in Russo-British oil venture TNK-BP (TNBP.RS) into Russia's economy, Interfax news agency reported Tuesday, citing an AAR statement.

Iran Foils New Cyber Attack on Industrial Units

Τετ, 26 Δεκεμβρίου 2012 - 11:37

Iran has repelled a fresh cyber attack on its industrial units in a southern province, a local civil defence official said on Tuesday, accusing "enemies" of nonstop attacks against its infrastructure.

Tepco To Seek Y700B More Aid For Compensation -Nikkei

Τετ, 26 Δεκεμβρίου 2012 - 11:37

Tokyo Electric Power Co. (9501.TO) plans to ask for almost Y700 billion in extra funding from the Nuclear Damage Liability Facilitation Fund by the end of the month to cover compensation for those affected by the Fukushima nuclear disaster, the Nikkei reported in its Wednesday morning edition.

Sinopec, ConocoPhillips Sign Sichuan Basin Shale Gas Agreement

Τετ, 26 Δεκεμβρίου 2012 - 11:36

China Petrochemical Corp., also known as Sinopec Group, has signed a preliminary agreement with ConocoPhillips (COP) to study shale gas development in the Sichuan basin.

China Lets Power Producers Pass More Coal Cost on to Grid Operators

Τετ, 26 Δεκεμβρίου 2012 - 11:35

Chinese electricity producers can pass on to the country's two grid operators additional costs incurred by increases in the price of thermal coal, the State Council, or cabinet, said in a statement on its web portal Wednesday.

Shah Deniz II Tie-up in Talks To Buy Stake in Nabucco Pipeline - Bulgarian Exec

Τετ, 26 Δεκεμβρίου 2012 - 10:16

Azerbaijani gas field consortium Shah Deniz II is in talks to take over a 50% stake in the Nabucco pipeline consortium, the chief executive officer of the state-run Bulgarian Energy Holding (BEH) said.

Turkey TPIC Expands Mediterranean Offshore Oil Search

Τετ, 26 Δεκεμβρίου 2012 - 10:00

The Turkish Petroleum Corporation (TPAO)’s subsidiary, Turkish Petroleum International Company (TPIC), will search for oil in Turkey’s Mediterranean offshore field for two more years, an official journal reported yesterday.

Saudi Will Stick to OPEC Ceiling But Will Meet all Demand Requests

Παρ, 21 Δεκεμβρίου 2012 - 19:43

Top oil producer Saudi Arabia will adhere to the 30 million barrels-a-day production ceiling maintained earlier this month by the Organization of the Petroleum Exporting Countries, but will meet any customer demand for additional crude, the country's Oil Minister Ali al-Naimi said Friday. "There are customers that will come to every producer and ask for a volume, today, we will honor their requests," Mr. Naimi told reporters in a briefing in Cairo