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Iran Says Any US Oil Stocks Release May Be Politically Motivated

Παρ, 7 Σεπτεμβρίου 2012 - 17:21

A release of U.S. stockpiled oil--if it happens--may be driven by electoral considerations, not market needs, as there isn't a supply shortage, a top Iranian official said Friday.

Azerbaijan January-August Crude Output Down 7.6% On Year

Παρ, 7 Σεπτεμβρίου 2012 - 17:21

Oil output in Azerbaijan fell 7.56% in the first eight months of 2012 compared with the same period the year before, to 29.3 million metric tons, the State Oil Company of Azerbaijan Republic, or SOCAR, said Friday.

Oil Firms Show Record Interest in Mature Areas Offshore Norway

Παρ, 7 Σεπτεμβρίου 2012 - 17:21

A record number of oil companies have applied for production licenses in mature areas offshore Norway, the country's Ministry of Petroleum and Energy said Friday.

Park Elektrik Applies for Natural Gas Plant in Edirne, Turkey

Παρ, 7 Σεπτεμβρίου 2012 - 13:00

In a filing submitted to the Public Disclosures Platform yesterday, Park Elektrik has applied to the Energy Market Regulatory Authority for a license to establish a natural gas power plant in Edirne, which has 447 MW installed capacity.

U.S. Government Says 49% of Gulf Oil, 26% of Natural-Gas Output Shut In

Πεμ, 6 Σεπτεμβρίου 2012 - 17:08

Less than half of the oil production in the U.S. Gulf of Mexico's federal waters remained shut Wednesday as producers continue to restart operations following Hurricane Isaac.

PdVSA Sees Repaying $1.76 Billion Eni Loan in No More Than Three Years

Πεμ, 6 Σεπτεμβρίου 2012 - 17:07

State energy company Petroleos de Venezuela SA, or PdVSA, will likely be able to repay a $1.76 billion loan from Italy's Eni SpA (E, ENI.MI) in no more than three years, a Venezuelan official said Wednesday.

Mediterranean Oil & Gas to Sell Large Chunk of Italian Assets

Πεμ, 6 Σεπτεμβρίου 2012 - 17:07

Mediterranean Oil & Gas PLC (MOG.LN) said Thursday it has agreed to sell a large chunk of its onshore Italy gas production assets and exploration permits to Canoel International Energy Ltd. (CIL.V).

Saudi Aramco, Total Refinery on Schedule -CEO

Πεμ, 6 Σεπτεμβρίου 2012 - 17:06

A $14 billion refinery being built in the east of Saudi Arabia by a joint venture bewteen Saudi Arabian Oil Co. and France's Total S.A. (TOT) is expected to start operations as planned next year, the company's top executive said.

Germany Should Impose Strict Conditions On Hydraulic Fracturing

Πεμ, 6 Σεπτεμβρίου 2012 - 17:06

Germany should impose strict environmental conditions on hydraulic fracturing--a technology used to extract unconventional natural gas deposits such as shale gas--due to concerns that this production method can contaminate ground water, a study commissioned by the country's environment ministry said Thursday.

EU Investigation Offers Meager Lifeline For Ailing Solar Industry

Πεμ, 6 Σεπτεμβρίου 2012 - 17:06

The European Commission said Thursday it will investigate whether Chinese makers of solar equipment are illegally pushing their products into Europe, a move that could escalate growing trade tensions between the European Union and China.

Shell Drills Deeper into Turkish Hydrocarbon Exploration

Τετ, 5 Σεπτεμβρίου 2012 - 16:01

Royal Dutch Shell and Türkiye Petrolleri Anonim Ortaklığı (TPAO) began exploring for shale gas last week in the eastern province of Diyarbakır’s Sarıbuğday-1 natural gas field, Energy Minister Taner Yıldız announced yesterday.

Greece Picks PGS for Offshore Oil, Gas Tests

Τετ, 5 Σεπτεμβρίου 2012 - 12:16

Greece selected Norway's Petroleum Geo-Services (PGS) to carry out offshore seismic tests in the country's south and west, the government said on Wednesday, paving the way for the launch of an oil and gas drilling bidding round in 2014.

Edano: Nuclear Exports Not Inconsistent With Japan's Domestic Policy

Τρι, 4 Σεπτεμβρίου 2012 - 17:08

Japan's trade and industry minister said Tuesday that he doesn't see a contradiction between the government's policy of promoting nuclear power plant exports and its goal of reducing or eliminating the use of nuclear power at home.