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Bulgaria Amends Energy Act to Comply with EU Regulations

Bulgaria Amends Energy Act to Comply with EU Regulations

Παρ, 9 Μαρτίου 2012 - 15:21

Parliament approved on first reading amendments to its Energy Act in compliance with EU requirements. The amendments introduce the EU regulations in the area of internal markets of electricity and natural gas, known as the third energy liberalization package, Parliament said in a statement published on its website on Thursday.

Mediterranean Oil & Gas Signs Gas Sales Contract With Repower Italia

Mediterranean Oil & Gas Signs Gas Sales Contract With Repower Italia

Πεμ, 8 Μαρτίου 2012 - 18:20

Mediterranean Oil & Gas PLC (MOG.LN), the central Mediterranean focused producer, developer and explorer of oil and gas assets, Thursday announced that its subsidiary Medoilgas Italia SpA has signed a gas sales contract with Repower Italia SpA covering the entirety of the Company's net gas production from the Guendalina gas field.

UK LNG Imports Could Fall To Zero By End-2012

UK LNG Imports Could Fall To Zero By End-2012

Πεμ, 8 Μαρτίου 2012 - 18:19

The liquefied natural gas imports on which the UK has become dependent could all but disappear next winter because of much higher demand for natural gas in Japan, according to Bank of America Merrill Lynch.

Shell Exec Confident Co Will Drill In Alaskan Arctic This Summer

Shell Exec Confident Co Will Drill In Alaskan Arctic This Summer

Πεμ, 8 Μαρτίου 2012 - 18:18

Royal Dutch Shell (RDSA) remains confident it will be able to start exploring for oil in the Arctic Ocean off the coast of Alaska this summer, the company's Executive Vice President for Exploration David Lawrence said Wednesday.

Shell And Partners Sign Basra Power Plant Contract With ABB

Shell And Partners Sign Basra Power Plant Contract With ABB

Πεμ, 8 Μαρτίου 2012 - 18:18

Royal Dutch Shell PLC (RDSA) and its partners, including Iraq's state South Gas Company, Thursday signed a contract with power and technology group ABB Ltd. (ABBN.VX) to build a 50 megawatt power plant in the southern Basra governorate, company officials and a Shell company statement said.

Shell ups stake in Attiki Gas Supply Co to 49 pct

Shell ups stake in Attiki Gas Supply Co to 49 pct

Πεμ, 8 Μαρτίου 2012 - 17:01

Royal Dutch Shell Plc increased its stake in Attiki Gas Supply Co SA to 49 percent from 24 percent, according to an e-mailed statement from Greece’s state-owned natural gas supplier DEPA SA, which kept control of 51 percent of the company.

Statoil Confirms Talks To Sell Stake In Iraqi Oil Field

Statoil Confirms Talks To Sell Stake In Iraqi Oil Field

Τετ, 7 Μαρτίου 2012 - 19:08

Norwegian oil giant Statoil (STO) Wednesday confirmed it is in talks to sell its stake in Iraq's supergiant West Qurna phase-2 oil field in southern Iraq to Russia's OAO Lukoil (LUKOY).

Turkey Energy Costs Could Rise To $65 Billion

Turkey Energy Costs Could Rise To $65 Billion

Τετ, 7 Μαρτίου 2012 - 19:07

Turkey's energy costs could increase to $65 billion this year, the Turkish economy minister said Wednesday, underlining how rising oil prices could raise Turkey's current account deficit.

30% Odds Of Record Oil In 2012 -Factor Advisors

30% Odds Of Record Oil In 2012 -Factor Advisors

Τετ, 7 Μαρτίου 2012 - 19:07

"The recent increase in crude-oil volatility and options activity suggests that" West Texas Intermediate "could easily" top 2008's record $145.29/barrel by year's end, says asset-management firm Factor Advisors.

Colombia Feb Oil Output 896,000 Bbls/Day; Lowest Since Sep

Colombia Feb Oil Output 896,000 Bbls/Day; Lowest Since Sep

Τετ, 7 Μαρτίου 2012 - 19:06

Colombia's struggle to reach the crude-oil production milestone of one million barrels a day took another step backward Wednesday as the government said output averaged 896,000 barrels a day last month, the lowest level since September.

Greece Names Guggenheim to Advise on $26 bln Solar Project

Greece Names Guggenheim to Advise on $26 bln Solar Project

Τετ, 7 Μαρτίου 2012 - 17:12

The Greek government appointed Guggenheim Partners LLC to act as financial adviser on the 20 billion euro ($26 billion) Helios solar project it’s considering to help boost income from renewable energy.