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UAE's Shah Gas Project on Track for Completion Late 2014

Τρι, 16 Οκτωβρίου 2012 - 17:58

Abu Dhabi's $10 billion Shah gas development project is on track and will be completed in late 2014, the chief executive of the project's operator said Tuesday.

Trans-Anatolian Pipeline to be Launched By Start of 2018

Τρι, 16 Οκτωβρίου 2012 - 17:57

The Trans-Anatolian natural-gas pipeline, which will transport gas from Azerbaijan to Turkey and Europe, could be completed by the start of 2018, an official from Azerbaijan's state energy company SOCAR said Tuesday.

Total Seeks Buyers For Its Gas Pipeline Operator Unit TIGF

Τρι, 16 Οκτωβρίου 2012 - 17:56

French oil major Total SA (TOT) Tuesday said it is looking for potential buyers for TIGF, its natural gas pipeline operator in Southwestern France, as part of a strategy to focus on oil and gas extraction.

Tamar Partners Sign $3.5 Billion Deal With Power Company

Δευ, 15 Οκτωβρίου 2012 - 17:57

Partners in Israel's offshore Tamar natural gas field have signed a $3.5 billion deal to provide gas for 16 years to private power company Dorad Energy.

Saudi Aramco to Invest $35B in Oil Exploration, Devt Over 5 Years -CEO

Δευ, 15 Οκτωβρίου 2012 - 17:56

State-owned oil giant Saudi Arabian Oil Co., known as Saudi Aramco, plans to invest $35 billion over the next five years in crude oil exploration and development in a bid to keep its oil production portfolio robust, the firm's chief executive said.

Eni Says Completes Sale of Almost 30% Snam Stake to CDP

Δευ, 15 Οκτωβρίου 2012 - 17:56

Eni SpA (E), Italy's biggest energy company by market value, Monday said it completed the sale of a controlling stake in natural gas grid and storage company Snam SpA (SRG.MI) to Cassa Depositi e Prestiti SpA for 3.52 billion euros ($4.54 billion).

EU Approves New, Sweeping Sanctions against Iran

Δευ, 15 Οκτωβρίου 2012 - 17:55

European Union foreign ministers Monday gave their formal approval to a fresh, wide-reaching package of sanctions against Iran and called on the Islamic republic to urgently comply with its international obligations regarding its contested nuclear program.

Ocean Rig UDW Inc. Announces Order of 7th Generation UDW Drillship

Δευ, 15 Οκτωβρίου 2012 - 17:55

Ocean Rig UDW Inc. (NASDAQ: ORIG) (the "Company" or "Ocean Rig"), a global provider of offshore deepwater drilling services, announced today that it has signed a contract to construct a 7th Generation Ultra Deepwater Drillship at Samsung Heavy Industries.

Oil Price Won't Collapse Despite Demand Slowdown- Aramco CEO

Δευ, 15 Οκτωβρίου 2012 - 17:54

Oil prices are unlikely to collapse even though demand is expected to slow and supplies of fossil fuels have risen significantly, the chief executive of state-owned oil giant Saudi Aramco said.

RES Investors Expressed Disappointment on Latest Regulatory Decisions at IENE’s Workshop on «Bulgaria’s Green Energy Challenge» Held in Sofia

Παρ, 12 Οκτωβρίου 2012 - 18:26

The Institute of Energy for South East Europe (IENE), true to its regional role and its commitment in promoting public dialogue, organized, on October 10, an intensive workshop in Sofia on “Bulgaria’s Green Energy Challenge”, which attracted more than 80 participants; investors, professionals and experts of the RES Bulgarian sector

Oil Slick in Gulf Complicates BP Liability Talks

Παρ, 12 Οκτωβρίου 2012 - 17:31

As U.S. officials and BP PLC negotiate to resolve the company's liability for the Deepwater Horizon spill, some local and state officials are citing a newly discovered oil slick as evidence that the full impact of the 2010 accident remains unclear.

China September Electricity Output 394.5 Bln KWh -SERC

Παρ, 12 Οκτωβρίου 2012 - 17:31

China's electricity output in September totalled 394.5 billion kilowatt hours, the State Electricity Regulatory Commission said Friday.

Eni Has One Of Best Growth Portfolios - Goldman

Παρ, 12 Οκτωβρίου 2012 - 17:31

Goldman Sachs keep a conviction buy rating on Eni (ENI.MI) stock with EUR24 target after attending a seminar hosted by Eni. "Eni highlighted the positive results of one of the most successful exploration campaigns in the industry and the value of a strong pipeline of project start-ups in 2013-15," GS says.