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Total Raises 2011-2015 Annual Oil Output Growth Target To 3%

Δευ, 24 Σεπτεμβρίου 2012 - 18:07

French energy giant Total SA (TOT) said Monday it has raised its annual average production growth target to 3% for the period 2011-2015.

Possible BP Stake In Rosneft Positive - Alfa

Δευ, 24 Σεπτεμβρίου 2012 - 18:07

BP's (BP) interest in taking a stake in OAO Rosneft (ROSN.RS) is positive for the Russian oil giant and should improve sentiment around the stock, says Alfa Bank analyst Maria Yegikyan.

Greece’s Independent Power Producers Object to the Abolition of the Cost Recovery Mechanism

Παρ, 21 Σεπτεμβρίου 2012 - 18:02

Speaking at a press conference in Athens, the chairman of the “Hellenic Association of Independent Power Producers” (www.haipp.gr), Mr. Anastassios Kallitsantsis, noted that investments for power generation from natural gas in Greece are totally in line with the 2020 Climate Change strategy of the EU, the IEA 2050 Road Map and the overall trends in the global energy market

Exxon Will Buy Shale Assets For $1.6 Billion

Παρ, 21 Σεπτεμβρίου 2012 - 16:59

In a bid for more U.S. oil production, Exxon Mobil Corp. agreed to buy Denbury Resources Inc.'s assets in the Bakken Shale for $1.6 billion in cash and interests in two oil fields.

Gazprom Calls For Special Tax Rates for Yamal, Far East, Shelf

Παρ, 21 Σεπτεμβρίου 2012 - 16:58

Gazprom OAO (GAZP.RS) called for the government to reach a decision on introducing differentiated mineral extraction tax rates for gas fields on the Yamal Peninsula, in the Far East and East Siberia and on the Arctic shelf, Chief Executive Alexei Miller told reporters in Sochi Friday.

BP Looking to Buy 12% Stake in Tanap Pipeline Across Turkey

Παρ, 21 Σεπτεμβρίου 2012 - 16:58

Energy giant BP PLC (BP) is looking to buy a 12% stake in the Trans-Anatolian Pipeline, in yet another move showing the company's determination to get a grip on the whole route expected to bring the first Caspian natural gas ever to Europe before the end of the decade.

Drop in Iran Oil Exports Could Be Temporary

Παρ, 21 Σεπτεμβρίου 2012 - 16:58

The recent slump in Iranian oil exports could prove short-lived, as Asian countries find ways to circumvent Western sanctions, which led to a drop in exports to below 1 million barrels a day in August, according to some estimates, says the Centre for Global Economic Studies.

BP Still Keen on Russia Despite Troubled Joint Venture

Παρ, 21 Σεπτεμβρίου 2012 - 16:57

BP PLC said Friday it aims to stay in Russia for decades to come and could use some of the proceeds from the potential sale of its stake in joint venture TNK-BP to increase its holding in Russian oil giant OAO Rosneft.

Energy Regulator Approves 0.67% Cut in Q4 NatGas Prices

Παρ, 21 Σεπτεμβρίου 2012 - 14:11

Bulgaria's energy regulator said it approved a proposal for a 0.67% quarterly reduction in the price of domestic natural gas in the fourth quarter of the year.

Bulgaria To Award Licence for Oil, NatGas Exploration in Black Sea Near Turkey

Παρ, 21 Σεπτεμβρίου 2012 - 14:09

Bulgaria will launch within a month a procedure to award a licence for oil and natural gas exploration in the country's economic zone in the Black Sea, near the border with Turkey.

China May Announce Plans for Thermal Coal Price Reform by Year End

Πεμ, 20 Σεπτεμβρίου 2012 - 17:44

China's National Development and Reform Commission may announce plans to reform thermal coal pricing by the end of the year, state-run Shanghai Securities News reported Thursday.

Hungary's MOL Continues to Withhold Funding for Nabucco

Πεμ, 20 Σεπτεμβρίου 2012 - 17:44

Hungarian energy group MOL Nyrt. (MOL.BU) is still withholding financing from the Nabucco natural gas pipeline venture and is ready to see its share in the implementation consortium reduced, the company said Thursday.

Novatek CEO: Gazprom Has Not Cut Gas Purchases

Πεμ, 20 Σεπτεμβρίου 2012 - 17:43

Russia's OAO Gazprom (GAZP.RS) has not followed through on a warning to cut natural gas purchases from OAO Novatek (NVTK.RS), the country's biggest independent gas producer, Novatek Chief Executive Leonid Mikhelson said Thursday, Russian newswires reported.