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Norway Oil Production Expected to Fall Short of 2012 Target

Τετ, 17 Οκτωβρίου 2012 - 17:39

Norway produced 15% less crude oil than estimated in September and will likely produce less oil than the expected 1.6 million barrels per day in 2012, said the country's Petroleum Directorate Wednesday.

Samsung Plans 45 MW Solar Parks In Romania

Τετ, 17 Οκτωβρίου 2012 - 17:38

South Korea's Samsung Group is considering building two solar parks with a total capacity of 45 megawatts in Romania, following the development of similar projects in neighboring Bulgaria, news agency Mediafax reported Wednesday, citing an official of the South Korean Trade Ministry.

Romania Wants CEZ, RWE, Iberdrola, GDF Suez Back In Cernavoda Nuclear Project

Τετ, 17 Οκτωβρίου 2012 - 17:38

Romania wants to convince energy groups CEZ, RWE, Iberdrola and GDF SUEZ to rejoin the project to build two new reactors at the country's sole nuclear power plant in Cernavoda, news agency Mediafax reported.

Russian Oligarchs Agree $28 Bln TNK-BP Stake Sale

Τετ, 17 Οκτωβρίου 2012 - 13:53

The Russian oligarchs whose joint venture with BP has been plagued by years of in-fighting have reached preliminary agreement on a deal to sell their stake to state-owned oil giant Rosneft for about $28 billion, Sky News reported on Wednesday, citing its sources.

Kuwait Energy Makes New Oil Discovery In Egypt's Suez Gulf

Τρι, 16 Οκτωβρίου 2012 - 17:58

Kuwait Energy Co. and its main partner, the Egyptian General Petroleum Corp., said Monday they made a new oil discovery in Ahmad-2 oil well, located in Egypt's Gulf of Suez.

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.