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Libya Plans 9M Barrels Of Oil Exports In December

Libya Plans 9M Barrels Of Oil Exports In December

Libya is planning to export 9 million barrels in December, 2.2 million barrels more than this month, the country's National Oil Co. said, as shipments remain a long way from pre-war levels despite an accelerated ramp up.

Serbia, Gazprom Open Gas Storage For South Stream Pipeline

Serbia, Gazprom Open Gas Storage For South Stream Pipeline

Serbia's state-run gas company and Russia's OAO Gazprom (GAZP.RS) opened Monday an underground gas storage facility as a part of the future South Stream pipeline, Tanjug news agency reported.

Cyprus Insists On Gas Hunt Despite Turkey

Cyprus Insists On Gas Hunt Despite Turkey

A defiant Cyprus President Demetris Christofias said Monday that the island's offshore hydrocarbon search will carry on despite strong opposition from Turkey.

IENE’s «Energy and Development 2011» Conference  Unfolds the Debate on the Greek Energy Agenda

IENE’s «Energy and Development 2011» Conference Unfolds the Debate on the Greek Energy Agenda

The 16th National Energy Conference “Energy and Development 2011”, organized by IENE on November 22-23, 2011, aims at hosting an all round debate on the key issues of the Greek energy agenda, at a critical juncture for the European course of the country. Members of the Greek government, as well as representatives of the EU, international organizations and major energy companies will participate at the conference

Bulgaria Seals Gas Delivery Deal with Turkey

Bulgaria Seals Gas Delivery Deal with Turkey

Bulgaria and Turkey will sign a political agreement to build a gas pipeline connection between the two countries for emergency gas deliveries from Turkey to Bulgaria.

EDFs CFO: Edison To Become Pillar Of Gas Strategy In Europe

EDF's CFO: Edison To Become Pillar Of Gas Strategy In Europe

French power company Electricite de France SA (EDF.FR) plans to use Italian utility Edison SpA (EDN.MI) as a "pillar" for its natural gas strategy, EDF's Chief Financial Officer Thomas Piquemal said Friday.

Lukoil: Iraq To OK West Qurna-2 Contractors In December

Lukoil: Iraq To OK West Qurna-2 Contractors In December

The Iraqi Oil Ministry will in December approve contractors picked by Russia's OAO Lukoil Holdings (LKOH.RS) to work on the West Qurna-2 project, Lukoil's chief executive Vagit Alekperov said Friday, and he reiterated that production there will likely start in late 2013.

Iran Accuses IAEA Of Endangering Scientists Lives

Iran Accuses IAEA Of Endangering Scientists' Lives

Iran Friday accused Yukiya Amano, the head of the United Nations atomic watchdog, of putting Iran's nuclear scientists at risk of assassination by "terrorists" and U.S. and Israeli agents.

Foreign Oil Companies Say Tough Terms Could Deter Libya Investment

Foreign Oil Companies Say Tough Terms Could Deter Libya Investment

Foreign oil companies operating in Libya warned this week that current contracts could deter new investment, even though the fall of Col. Moammar Gadhafi has been sometimes perceived as paving the way for a new oil rush in the country holding Africa's largest oil reserves.

Gazprom, KazMunaiGaz Eye Joint Development of Caspian Fields

Gazprom, KazMunaiGaz Eye Joint Development of Caspian Fields

Russian and Kazakh gas companies Gazprom and KazMunaiGaz are eyeing opportunities for joint development of gas fields – Imashevskoye and Tsentralnoye - in the Caspian Sea, according to a statement issued by the Russian gas giant after talks between the two companies’ CEOs Alexei Miller and Bolat Akchulakov.

Goldman Sachs: Brent/WTI Spread To Narrow To $6.50/Bbl Within 6 Months

Goldman Sachs: Brent/WTI Spread To Narrow To $6.50/Bbl Within 6 Months

The premium for European oil benchmark Brent to the U.S. oil marker, New York Mercantile Exchange light, sweet crude, could narrow to $6.50 a barrel within half a year, and not a year as previously forecast, Goldman Sachs said Thursday.

Total: Opposed To Proposed EU Offshore Rules

Total: Opposed To Proposed EU Offshore Rules

Stricter offshore regulations proposed by the European Union are unnecessary and will simply add needless bureaucracy to successful safety programs in countries like the U.K. and Norway, Total SA's (TOT) head of northern European exploration Patrice de Vivies said Thursday.