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Rosneft Possible Buy of TNK-BP Stake May Be Good for State -Putin Spokesman

Τρι, 2 Οκτωβρίου 2012 - 17:52

The Kremlin isn't against OAO Rosneft's (ROSN.RS) possible purchase of a stake in BP PLC's (BP) Russian joint venture TNK-BP (TNBP.RS), President Vladimir Putin's spokesman said Tuesday, adding it could be "beneficial for the state" if the state-controlled oil major decides such a deal is beneficial for the company.

BP to Increase BTE Capacity to 60 BCM a Year

Τρι, 2 Οκτωβρίου 2012 - 13:50

BP has agreed to increase the capacity of the Baku-Tbilisi-Erzurum (BTE) gas pipeline, also known as the South Caucasus pipeline, to up to 60 billion cubic metres a year.

S Korea September Crude Imports 80.8 Mln Bbl; Up 0.3% on Year

Δευ, 1 Οκτωβρίου 2012 - 17:45

South Korea's September crude-oil imports rose 0.3% compared with a year earlier, to 80.8 million barrels, the Ministry of Knowledge Economy said Monday.

Iraq Oil Exports Rise In September Earning Around $8.4 Billion - SOMO

Δευ, 1 Οκτωβρίου 2012 - 17:45

Iraq's crude oil exports in September went up by 1.4% to 2.6 million barrels a day, compared with 2.565 million barrels a day in August, thanks to the resumption of crude oil from the semi-autonomous region in Kurdistan.

EU Energy Chief: No Time for Complacency on Nuclear Power Safety

Δευ, 1 Οκτωβρίου 2012 - 17:44

The safety situation of Europe's nuclear power plants is generally satisfactory but there is no compromise to be made on the issue, the European Energy Commissioner said Monday.

Eni CEO Sees Europe's Gas Demand Dropping 5%-6% in 2012

Δευ, 1 Οκτωβρίου 2012 - 17:44

Europe's natural gas consumption is estimated to fall between 5% and 6% this year compared with 2011, the chief executive of Eni SpA (E), Italy's biggest energy company by market value, said Monday.

AAR Seeks to Buy BP's Stake in Russian Venture

Δευ, 1 Οκτωβρίου 2012 - 17:44

BP PLC's (BP.LN) partners in TNK-BP said Monday they are seeking to raise at least $20 billion to buy out the U.K. oil giant's 50% stake in the Russian joint venture, potentially setting up competition with OAO Rosneft (ROSN.RS) for the stake.

Edison to Get EUR250M from Eni in Arbitration Case

Δευ, 1 Οκτωβρίου 2012 - 17:43

Italian energy utility Edison S.p.A. Monday said it had won an arbitration case against Eni S.p.A. (ENI.MI) and expected to gain more than 250 million euros ($321 million) from it at the level of earnings before interest, taxes, depreciation and amortization, or Ebitda.

Greece Power Workers Call Rotating Strikes

Παρ, 28 Σεπτεμβρίου 2012 - 18:33

Greek power workers Friday announced plans to begin rolling 48-hour strikes as early as next week to protest the new austerity measures the government is demanding from its increasingly restive population.

Alstom to Supply EUR160M Worth of Turbines to Brazil Power Co

Παρ, 28 Σεπτεμβρίου 2012 - 18:33

Alstom SA (ALO.FR), a French maker of power turbines and trains, Friday said it signed a contract to supply three hydro turbines to Brazil's power utility Neoenergia as well as related equipment for a total amount of 160 million euros ($206 million), of which Alstom's share is worth EUR110 million.

Greece Takes More Measures to Keep Electricity Market Afloat

Παρ, 28 Σεπτεμβρίου 2012 - 17:21

Greece will extend an emergency loan to its cash-strapped electricity market operator LAGHE and impose a temporary tax on renewable energy producers to prevent an energy crisis, a senior Greek official said on Friday.

Greece Assesses Oil Exploration Bids

Παρ, 28 Σεπτεμβρίου 2012 - 13:18

Greece is assessing bids for oil and gas reserves exploration and exploitation in three blocks in the west of the country, news agency Bloomberg reported.

Italy, Greece, Albania Confirm Political Support for TAP with Signing of MoU

Παρ, 28 Σεπτεμβρίου 2012 - 12:24

The governments of Italy, Greece and Albania confirmed their political support for the Trans Adriatic Pipeline (TAP) project with the signing of a Memorandum of Understanding (MoU) yesterday evening.