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IEA: Iran Oil Cut Above 1M B/D Would Mean Tight Oil Market

IEA: Iran Oil Cut Above 1M B/D Would Mean Tight Oil Market

Παρ, 18 Μαΐου 2012 - 18:26

If western sanctions shut down more than 1 million barrels a day of Iranian oil production, it would lead to a much tighter and more volatile oil market in the second half of this year, said the head of the International Energy Agency's oil markets division, David Fyfe, Friday.

Pictures Show North Korea Progressing On Nuclear Reactor

Pictures Show North Korea Progressing On Nuclear Reactor

Πεμ, 17 Μαΐου 2012 - 17:41

North Korea appears to be moving ahead with the building of a light-water reactor that could be used to support its nuclear weapons program, according to satellite images released Wednesday.

ExxonMobil Says Asia-Pacific To Account For Third Of Global Gas Demand By 2040

ExxonMobil Says Asia-Pacific To Account For Third Of Global Gas Demand By 2040

Πεμ, 17 Μαΐου 2012 - 17:41

The need to develop unconventional sources of gas, such as coal seam gas, is increasingly important to meet the rising demand from Asia and an expected surge in gas-fired power stations over the coming decades, an executive at U.S. oil giant ExxonMobil Corp. (XOM) said Thursday.

Halliburton Gets $95 Mln Gazprom Neft Contract In Iraq

Halliburton Gets $95 Mln Gazprom Neft Contract In Iraq

Πεμ, 17 Μαΐου 2012 - 17:39

U.S.-based energy services giant Halliburton Co (HAL) has won a $95 million contract from Russian state oil producer OAO Gazprom Neft (SIBN.RS) to test and complete 11 wells at the untapped Badra oil field in eastern Iraq, the firm said in a statement Thursday.

UAE Plans to Join Gas Opec

UAE Plans to Join Gas Opec

Πεμ, 17 Μαΐου 2012 - 16:24

The UAE has won cabinet approval to join the Gas Exporting Countries Forum (GECF), an intergovernmental organization of the world's leading gas exporters, said a report.

Nabucco Consortium Proposes New Pipe for Transportation of Azeri Gas

Nabucco Consortium Proposes New Pipe for Transportation of Azeri Gas

Πεμ, 17 Μαΐου 2012 - 15:17

The Nabucco Consortium on May 16, 2012 submitted a proposal to the Shah Deniz II Consortium for the construction of a “Nabucco West” pipeline, which would bring Caspian gas from the Bulgarian-Turkish border to Baumgarten and beyond.

Cushing Crude Stocks Hit All-Time High

Cushing Crude Stocks Hit All-Time High

Πεμ, 17 Μαΐου 2012 - 14:28

Crude inventories at the US midcontinent pipeline and pricing hub of Cushing, Oklahoma, ballooned to an all-time high last week ahead of this week's start-up of the reversed Seaway pipeline that will bring oil down to the Texas Gulf coast.

HRADF: No Decisions Until New Government is Formed

HRADF: No Decisions Until New Government is Formed

Τετ, 16 Μαΐου 2012 - 18:10

The Board of Directors in the meeting of 15th May 2012 decided that, in the course of the current period, and until the formation of a government as a result of the forthcoming elections, it will not take any decisions which commit the Fund.

Petrobras CFO: New Strategic Investment Plan May Be Ready By August

Petrobras CFO: New Strategic Investment Plan May Be Ready By August

Τετ, 16 Μαΐου 2012 - 18:02

Brazilian state-run energy heavyweight Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, expects to release its 2012-2016 strategic investment plan "somewhere around August," Chief Financial Officer Almir Barbassa said late Tuesday.

EU Clears Angolan LNG JV By BP, Chevron, Eni, Sonangol, Total

EU Clears Angolan LNG JV By BP, Chevron, Eni, Sonangol, Total

Τετ, 16 Μαΐου 2012 - 18:01

The European Commission Wednesday approved the proposed acquisition of the Angolan company Angola LNG by leading energy players BP PLC (BP) of the U.K., Chevron Corp. (CVX) of the U.S., Italy's Eni SpA (E), Sociedade Nacional de Combustiveis de Angola (Sonangol) of Angola and France's Total SA (TOT).

Iraq Replaces Iran As Indias Second-Largest Crude-Oil Supplier

Iraq Replaces Iran As India's Second-Largest Crude-Oil Supplier

Τετ, 16 Μαΐου 2012 - 18:01

Iraq has replaced Iran as India's second-largest crude-oil supplier in the recently ended financial year, preliminary government data showed Wednesday, as New Delhi cut shipments from Tehran ahead of impending sanctions from the U.S. and the European Union.

Russia Finance Ministry Proposes Saving Extra Oil Income

Russia Finance Ministry Proposes Saving Extra Oil Income

Τετ, 16 Μαΐου 2012 - 18:00

Russia's finance ministry has proposed using extra income from higher-than-expected oil prices to beef up the country's reserve fund and lower domestic borrowing, rather than increase spending, acting finance minister Anton Siluanov said Wednesday.

E.ON To Sell Gas Grid Unit To Macquarie Consortium For EUR3.2B

E.ON To Sell Gas Grid Unit To Macquarie Consortium For EUR3.2B

Τετ, 16 Μαΐου 2012 - 18:00

German utility E.ON AG (EOAN.XE) said Wednesday it has agreed to sell its natural-gas transmission grid to a consortium led by Australian bank Macquarie Group Ltd.'s (MQG.AU) infrastructure funds, in a deal worth EUR3.2 billion.