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Saudi Aramco Opens Head Office in Beijing

Saudi Aramco Opens Head Office in Beijing

Τετ, 14 Νοεμβρίου 2012 - 18:12

State owned Saudi Arabian Oil Co., or Aramco, has opened a new Chinese head office in Beijing, deepening its presences in one of the world's largest energy consumers, in a move the company says "underscores the strategic importance of Asia" in its operation.

Gazprom, BASF Agree on Asset Swap

Gazprom, BASF Agree on Asset Swap

Τετ, 14 Νοεμβρίου 2012 - 18:12

OAO Gazprom (GAZP.RS) Wednesday agreed an asset swap with Germany's BASF SE (BAS.XE) that industry analysts said will likely help the Russian gas giant avoid a repeat of winter supply disruptions that have occurred in recent years.

Berisha: TAP is the Project of the Century

Berisha: TAP is the Project of the Century

Τετ, 14 Νοεμβρίου 2012 - 12:36

Trans Adriatic Pipeline is one of the major economic projects that Albania has ever known. Prime Minister Sali Berisha assured that the government he heads will do its utmost to support the TAP project.

BP Agrees $325 Million Settlement with Russian Partners

BP Agrees $325 Million Settlement with Russian Partners

Τρι, 13 Νοεμβρίου 2012 - 18:14

BP PLC (BP.LN) has agreed to pay its partners in the TNK-BP joint venture $325 million as part of a wide-ranging settlement deal announced earlier Tuesday, a person familiar with the matter said.

Gunvor Looks East, Appoints Head of Development for Asia

Gunvor Looks East, Appoints Head of Development for Asia

Τρι, 13 Νοεμβρίου 2012 - 18:14

Cyprus-based trading house Gunvor Group is looking to enhance its growth in Asia with the appointment of Julien La Chon as head of development for the region, a source close to Gunvor told Dow Jones Newswires Tuesday.

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.