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Russia Deputy PM: Russia to Sell Rosneft Stake in 2013 to BP Only

Τρι, 20 Νοεμβρίου 2012 - 16:21

Russia will sell a stake in the state-owned oil giant OAO Rosneft (ROSN.RS) in 2013 only to BP PLC (BP), Deputy Prime Minister Arkady Dvorkovich said Tuesday, the Interfax news agency reported.

Russia Energy Ministry Mulls Novatek LNG Export Request

Τρι, 20 Νοεμβρίου 2012 - 16:21

Russia's energy ministry is considering a request from the country's largest independent natural-gas producer, OAO Novatek (NVTK.RS), to grant an exception to state-controlled OAO Gazprom's (GAZP.RS) monopoly on liquefied natural gas exports, Russian newswires quoted the energy minister as saying Tuesday.

Italy Expects Enel to Take Stake in TAP Project

Τρι, 20 Νοεμβρίου 2012 - 16:21

The Italian government expects the country's biggest power utility to take a stake in a pipeline project to bring Azeri natural gas to the country, a top government official who covers energy said Tuesday.

IEA: US Prices Need to Rise to Encourage Shale Gas Investment

Τρι, 20 Νοεμβρίου 2012 - 16:20

The price of gas in the U.S. will need to rise in order to provide incentives for companies to invest in shale gas in the country, the International Energy Agency's chief economist said Tuesday.

Iran Nuclear Work Unaffected by Sanctions - IAEA Chief

Τρι, 20 Νοεμβρίου 2012 - 16:20

Multiple rounds of international sanctions are failing to have any effect on Iran's controversial nuclear program, the head of the United Nations atomic agency said Tuesday.

Gazprom Deputy CEO Rejects Linking European Gas Prices to Spot Market

Τρι, 20 Νοεμβρίου 2012 - 16:19

Gazprom (GAZP.RS) Deputy Chairman Alexander Medvedev Tuesday defended the state-controlled natural gas giant's long-term, oil-linked contracts, saying there's no point talking about linking European prices to the spot market.

Milli Majlis Ratifies Agreement on TANAP

Τρι, 20 Νοεμβρίου 2012 - 12:12

The Azerbaijani parliament ratified two gas agreements on Tuesday. These are an intergovernmental agreement between Azerbaijan and Turkey on the sale, purchase, transit fares and transit of natural gas through Turkey, as well as an intergovernmental agreement regarding gas pipeline Trans Anadolu (TANAP).

Turkey's Government Expects TRY6.8B Privatization Revenue in 2012

Δευ, 19 Νοεμβρίου 2012 - 16:08

Turkey's government expects 6.8 billion Turkish lira ($3.77 billion) of revenue from privatizations this year, Finance Minister Mehmet Simsek said Monday.

Enel CEO Hopes to Conclude Gas Supply Renegotiations by Year-End

Δευ, 19 Νοεμβρίου 2012 - 16:08

Enel SpA (ENEL.MI), Italy's biggest utility company by market value, hopes to be able to conclude its natural gas supply contracts renegotiations by the end of the year, Chief Executive Officer Fulvio Conti said Monday.

Sinopec Stake in Nigeria Project to Net 100M Barrels of Recoverable Resources

Δευ, 19 Νοεμβρίου 2012 - 16:08

China Petrochemical Corp., known as Sinopec Group, said Monday that it would gain 100 million barrels of "recoverable resources" from the purchase of French major Total SA's (FB.FR) stake in a Nigerian offshore oil project.

Google Invests $75 Million in Iowa Wind Farm

Παρ, 16 Νοεμβρίου 2012 - 18:26

Google Inc. (GOOG) announced Thursday that it made a $75 million equity investment in a 50-megawatt wind farm in Rippey, Iowa, developed by RPM Access.

Hitachi Makes $1.1 Billion Gamble in UK Nuclear Project

Παρ, 16 Νοεμβρίου 2012 - 18:26

Hitachi Ltd. (6501.TO) is taking a GBP670 million ($1.1 billion) gamble in its acquisition of a United Kingdom nuclear-power plant joint venture despite its unclear time schedule and revenue outlook, as the Japanese industrial-electronics conglomerate looks to promote its proprietary technology for nuclear reactors.

Japan METI: Approved 2.56 GW Renewable Energy Projects in July-Oct Period

Παρ, 16 Νοεμβρίου 2012 - 18:25

The government has approved 2.56 gigawatts of renewable energy projects as of end-October for the country's new feed-in tariff law that kicked in July 1, the Ministry of Economy, Trade and Industry said Friday.

Hungary's MOL Aims to Increase Output, Become More Profitable

Παρ, 16 Νοεμβρίου 2012 - 18:25

MOL Nyrt. (MOL.BU), Hungary's largest oil and gas firm by assets and market share aims to gradually increase output and wants to become more profitable by 2014.

Petrobras Expects Production to Pick up in 2014

Παρ, 16 Νοεμβρίου 2012 - 18:25

Investors in Petroleo Brasileiro SA (PBR, PETR4.BR), the Brazilian oil company, may have to wait until 2014 to see its production pick up pace even as the company works on adding facilities and improving its efficiency.

Ukraine Plans to Cut Imports of Russian Gas in 2013

Παρ, 16 Νοεμβρίου 2012 - 18:24

Ukraine plans to reduce its purchases of Russian gas to about 20 billion cubic meters a year and increase supply from Europe next year as it tries to wean itself off Russia for its fuel needs, the Interfax news agency reports a senior executive at Naftogaz, Ukraine's state-owned oil and gas company, as saying.