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Saudi Cabinet Likely to Review Power Grid Project With Egypt Next Month

Δευ, 26 Νοεμβρίου 2012 - 17:57

Saudi Arabia's cabinet will likely review next month a $1.5 billion project linking the power grids of the kingdom with Egypt, a person familiar with the matter said Monday.

ConocoPhillips to Sell Kazakh Waters Interests; Expects Proceeds of $5 Billion

Δευ, 26 Νοεμβρίου 2012 - 17:57

ConocoPhillips (COP) unveiled plans to sell its 8.4% interest in the North Caspian Sea Production Sharing Agreement, or Kashagan, to ONGC Videsh Ltd. for proceeds of about $5 billion, as the exploration and production company continues its effort to divest itself of billions of dollars in assets this year.

Aramco, Exxon Plan March-April Maintenance at Yanbu Refinery

Δευ, 26 Νοεμβρίου 2012 - 17:57

State-giant Saudi Aramco and Exxon Mobil Corp. (XOM) are scheduling a major maintenance shutdown at the Red Sea Yanbu refinery in March and April, in order to bring a new clean-fuel project online, two people familiar with the matter said Monday.

Shah Deniz Gas Output Falls One-Fifth On Temporary Well Shutdown

Δευ, 26 Νοεμβρίου 2012 - 17:56

Daily natural gas output at Azerbaijan's Shah Deniz field, which is led by BP PLC (BP), has fallen by almost one-fifth after production was suspended at one well for technical reasons, a senior executive from national oil company SOCAR said Monday.

Bulgaria to Get 260 Mln Euro in Grants under Kozloduy Decommissioning Fund

Δευ, 26 Νοεμβρίου 2012 - 14:12

The EU offered to make available to Bulgaria 260 million euro ($335.6 million) in grants under the Kozloduy International Decommissioning Support Fund (KIDSF) by 2020.

Kiev Sets up $856 Mln LNG Terminal Consortium

Δευ, 26 Νοεμβρίου 2012 - 13:21

Kiev signed a deal on Monday creating a consortium of investors for a liquid natural gas terminal, including America's Excelerate Energy and Spain's Gas Natural Fenosa, Ukraine's national projects agency said.

IEA Urges South Korea to Reform Electricity, Gas Markets

Παρ, 23 Νοεμβρίου 2012 - 17:53

The International Energy Agency Friday urged South Korea to loosen state-run companies' grip on the country's electricity and natural gas markets, and received cautious backing from the government.

UK To Increase Renewable Subsidy but Won't Commit on Emissions

Παρ, 23 Νοεμβρίου 2012 - 17:53

The U.K.'s coalition government Friday ended months of wrangling by agreeing details of an energy policy that increases subsidies for the renewables sector but delays any commitment to emissions-free generation.

BP Appoints Lamar McKay as New Head of Upstream

Παρ, 23 Νοεμβρίου 2012 - 17:52

BP PLC (PB.LN) Friday said it has appointed Lamar McKay as head of oil and gas production and development and he will take up the position Jan. 1, 2013.

A Logical Choice: Renewable Energy and Energy Efficiency

Παρ, 23 Νοεμβρίου 2012 - 15:07

The choice of renewable energy and energy efficiency in Europe is logical and mature. There are numerous solutions offered by both that lead to higher economic growth, job creation and energy security as well as better consumer comfort.

Russia Warns Gazprom Probe, Rules May Raise EU Gas Price

Πεμ, 22 Νοεμβρίου 2012 - 17:39

Russian Deputy Prime Minsiter Arkady Dvorkovich said Russia could retaliate if the European Union's antitrust investigation into OAO Gazprom (GAZP.RS) leads to sanctions, and that "regulatory risks" could cut supplies from Gazprom and result in higher gas prices, Kommersant daily reported Thursday.

Saudi Arabia to Adopt Renewable Energy Program Early '13

Πεμ, 22 Νοεμβρίου 2012 - 17:39

Top oil exporter Saudi Arabia will adopt a renewable energy program at the start of 2013 and hopes to have its first nuclear power plant operational by 2020 to meet soaring demand for electricity as its economy expands.

Gazprom Could Increase Gas Transit Via Belarus by 30%

Πεμ, 22 Νοεμβρίου 2012 - 17:39

Russia's state-controlled gas giant OAO Gazprom (GAZP.RS) could invest $2 billion to increase the volumes of natural gas it sends via Belarus to Europe by 30%, Russian newswires quoted Gazprom's Chief Executive Alexei Miller as saying Thursday.