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Exxon Will Buy Shale Assets For $1.6 Billion

Exxon Will Buy Shale Assets For $1.6 Billion

Παρ, 21 Σεπτεμβρίου 2012 - 16:59

In a bid for more U.S. oil production, Exxon Mobil Corp. agreed to buy Denbury Resources Inc.'s assets in the Bakken Shale for $1.6 billion in cash and interests in two oil fields.

Gazprom Calls For Special Tax Rates for Yamal, Far East, Shelf

Gazprom Calls For Special Tax Rates for Yamal, Far East, Shelf

Παρ, 21 Σεπτεμβρίου 2012 - 16:58

Gazprom OAO (GAZP.RS) called for the government to reach a decision on introducing differentiated mineral extraction tax rates for gas fields on the Yamal Peninsula, in the Far East and East Siberia and on the Arctic shelf, Chief Executive Alexei Miller told reporters in Sochi Friday.

BP Looking to Buy 12% Stake in Tanap Pipeline Across Turkey

BP Looking to Buy 12% Stake in Tanap Pipeline Across Turkey

Παρ, 21 Σεπτεμβρίου 2012 - 16:58

Energy giant BP PLC (BP) is looking to buy a 12% stake in the Trans-Anatolian Pipeline, in yet another move showing the company's determination to get a grip on the whole route expected to bring the first Caspian natural gas ever to Europe before the end of the decade.

Drop in Iran Oil Exports Could Be Temporary

Drop in Iran Oil Exports Could Be Temporary

Παρ, 21 Σεπτεμβρίου 2012 - 16:58

The recent slump in Iranian oil exports could prove short-lived, as Asian countries find ways to circumvent Western sanctions, which led to a drop in exports to below 1 million barrels a day in August, according to some estimates, says the Centre for Global Economic Studies.

BP Still Keen on Russia Despite Troubled Joint Venture

BP Still Keen on Russia Despite Troubled Joint Venture

Παρ, 21 Σεπτεμβρίου 2012 - 16:57

BP PLC said Friday it aims to stay in Russia for decades to come and could use some of the proceeds from the potential sale of its stake in joint venture TNK-BP to increase its holding in Russian oil giant OAO Rosneft.

Hungarys MOL Continues to Withhold Funding for Nabucco

Hungary's MOL Continues to Withhold Funding for Nabucco

Πεμ, 20 Σεπτεμβρίου 2012 - 17:44

Hungarian energy group MOL Nyrt. (MOL.BU) is still withholding financing from the Nabucco natural gas pipeline venture and is ready to see its share in the implementation consortium reduced, the company said Thursday.

Novatek CEO: Gazprom Has Not Cut Gas Purchases

Novatek CEO: Gazprom Has Not Cut Gas Purchases

Πεμ, 20 Σεπτεμβρίου 2012 - 17:43

Russia's OAO Gazprom (GAZP.RS) has not followed through on a warning to cut natural gas purchases from OAO Novatek (NVTK.RS), the country's biggest independent gas producer, Novatek Chief Executive Leonid Mikhelson said Thursday, Russian newswires reported.

Eni Makes Significant Gas Discovery Onshore Pakistan

Eni Makes Significant Gas Discovery Onshore Pakistan

Τετ, 19 Σεπτεμβρίου 2012 - 17:58

Italian energy group Eni SpA (E) said Wednesday it has made a significant gas discovery onshore Pakistan, located in the Khirtar Fold Belt region, 350 kilometers north of Karachi.

Shell Expects To Meet Iraq Oil Field Target Despite Setbacks

Shell Expects To Meet Iraq Oil Field Target Despite Setbacks

Τετ, 19 Σεπτεμβρίου 2012 - 17:58

Royal Dutch Shell PLC (RDSB.LN) said Wednesday its Majnoon oil field in Iraq is still likely to meet a key production target by the end of this year, despite a series of setbacks that have hampered its development.

Japan Eyes Creating LNG Futures Market

Japan Eyes Creating LNG Futures Market

Τετ, 19 Σεπτεμβρίου 2012 - 17:58

Japan's industry minister said Wednesday that Japan will launch a study this fall on setting up a futures trading market for liquefied natural gas to secure LNG at lower prices, amid increased demand in the country following the nuclear crisis at the Fukushima Daiichi plant, Kyodo News reported.

Chevron Unveils New Discovery Off Coast of Australia

Chevron Unveils New Discovery Off Coast of Australia

Τετ, 19 Σεπτεμβρίου 2012 - 17:57

Chevron Corp. (CVX) unveiled another natural-gas discovery in the Gorgon area off the coast of Australia, adding to signs that the oil major may be able to expand its liquefied-natural gas project in the region.

Tokyo Electric in Advanced Talks to Buy North American LNG Supplies-Reuters

Tokyo Electric in Advanced Talks to Buy North American LNG Supplies-Reuters

Τρι, 18 Σεπτεμβρίου 2012 - 19:19

Tokyo Electric Power Co. (9501.TO) is in advanced talks to purchase liquefied natural gas supplies from North America to help defray high import prices as the country moves to phase out its reliance on nuclear power, Reuters reported Tuesday, citing company officials.