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TAP Opened Up to Potential Partners

Τρι, 19 Ιουνίου 2012 - 13:29

The consortium behind the Trans-Adriatic Pipeline (TAP) has opened the project up to interest from potential partners, with a call for prospective interested parties to apply.

Iraq Eyeing 9M B/D Oil Output by 2020

Δευ, 18 Ιουνίου 2012 - 17:43

Iraq's untapped southern Halfaya oil field is expected to start pumping oil for the first time this summer, the top energy advisor to Iraq's prime minister said Monday, adding that the government's realistic output target for national production is 9 million barrels a day by the end of 2020.

RWE Mulls Photovoltaic Solar Power Projects in Germany

Δευ, 18 Ιουνίου 2012 - 17:42

German utility RWE AG (RWE.XE) is considering investing in solar energy power generation in its home market, signaling yet another shift it is renewable energies strategy.

Italy's Current Refinery Overcapacity at Least 25%

Δευ, 18 Ιουνίου 2012 - 17:42

Italy's refinery capacity is currently between 20% and 25% more than is needed as demand remains weak, said the head of the country's oil association, Unione Petrolifera, Monday.

Iraq To Hold New Energy Licensing Auction 2012-13 -Oil Official

Δευ, 18 Ιουνίου 2012 - 17:41

Iraq is planning to hold a fifth licensing auction for exploration blocks by the end of this year or at the beginning of 2013 after its last round failed to attract many companies, a top energy advisor to the Iraqi prime minister said Monday.

Iraq Kurdistan's Taq Taq Field Pumping At 200,000 B/D in 2014 - Genel CEO

Δευ, 18 Ιουνίου 2012 - 17:41

U.K.-registered oil company Genel Energy PLC (GENL.LN) said Monday the output at its Taq Taq oil field in Iraqi Kurdistan is expected to hit 200,000 barrels a day in 2014, up from current 100,000 barrels a day.

Exxon Mobil Drops Shale Plans In Poland

Δευ, 18 Ιουνίου 2012 - 17:41

Exxon Mobil Corp. (XOM) confirmed Monday it has dropped further shale exploration in Poland after two wells didn't produce commercial quantities of natural gas.

Rosneft, ExxonMobil Sign West Siberia Deal

Δευ, 18 Ιουνίου 2012 - 14:26

Rosneft and ExxonMobil today signed a cooperation agreement covering joint work in the development of the Russian firm's tight oil reserves in west Siberia.

Greek Crisis not Expected to Impact South Stream Pipe Project

Δευ, 18 Ιουνίου 2012 - 14:06

Construction of the South Stream natural gas pipeline's offshore section will commence on schedule despite uncertainty about investments in the Greek part of the pipeline, RBC reports quoting Gazprom CEO Alexey Miller. According to him, the final decision on the timeline of the construction of the offshore part should be made before mid-November 2012.

OPEC Sec Gen: Most Members Agreed To Individual Oil Output Targets

Παρ, 15 Ιουνίου 2012 - 18:30

Most members of the Organization of Petroleum Exporting Countries have agreed to reduce their oil production in line with their output in November 2011, which will bring the group back in line with its 30 million barrel a day production ceiling, said Secretary General Abdalla Salem el-Badri Friday.

Eni CEO Sees No Investment Changes Due to Oil Price

Παρ, 15 Ιουνίου 2012 - 18:30

Eni SpA (ENI, E) Chief Executive Paolo Scaroni says he doesn't expect any oil producer to alter its investments because of the latest price of oil, Italian newspaper la Repubblic reports Friday.

Greek Elections Could See Oil Drop 18% -ANZ

Παρ, 15 Ιουνίου 2012 - 18:29

Crude oil prices could drop as much as 18% next week if the Greek election fails to return a positive outcome, says ANZ. Commodities more generally could drop an average 12% following the election, but oil is likely to be the biggest loser because of the relatively large number of speculators still holding long positions.

Exxon, Rosneft Agree to Develop Tight Oil Reserves, Open Research Center

Παρ, 15 Ιουνίου 2012 - 18:29

Exxon Mobil Corp. (XOM) agreed to develop tight oil reserves in Western Siberia and open a research center with Russian oil and gas company Rosneft (ROSN.RS) as part of an effort to find new regions of operation and explore the potential of difficult-to-produce reserves.