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European Officials See OK Gas Supplies Despite Lower Gazprom Shipments

Τετ, 1 Φεβρουαρίου 2012 - 18:37

Officials from various corners of Europe acknowledged Wednesday that Russia had trimmed a fraction of its natural gas deliveries, but said they were confident that supplies would be sufficient to withstand the most intense run of cold weather thus far this winter.

Noble Considering to Build Natgas Terminal in Cyprus

Τετ, 1 Φεβρουαρίου 2012 - 17:01

Noble Energy is considering the option of building a terminal in Cyprus in order to provide natural gas for the domestic market and for exports, Vice President Noble Energy Terry Gerhart has said, noting that the estimation for 5 to 8 trillion cubic feet natural gas in Cyprus' block 12 is a very large accumulation of gas.

Arctic Cold Grips Bulgaria, Power Consumption Peaks to All-Time High

Τετ, 1 Φεβρουαρίου 2012 - 15:56

Bulgaria faced another day of record low temperature as arctic freeze gripped the country, pushing up power consumption to all-time highs.

Kuwait Current Oil Production 2.9 Mln B/D - Official

Τρι, 31 Ιανουαρίου 2012 - 19:00

Kuwait is currently producing 2.9 million barrels a day, the head of the state oil company said Tuesday.

Still Uncertainties Over Nuclear Costs In France - Report

Τρι, 31 Ιανουαρίου 2012 - 19:00

Many uncertainties remain over the costs faced by the nuclear industry in France, notably those related to the decommissioning of reactors and the treatment of nuclear waste, the French state audit office president Didier Migaud said in an interview with French daily Le Monde released Tuesday.

Kuwait Working On Contingency Plans For Hormuz Blockade

Τρι, 31 Ιανουαρίου 2012 - 18:59

Kuwait is looking at contingency plans in case the Strait of Hormuz was blocked, the head of the country's state oil company said Tuesday.

Russian Economy Grew By 4.3% In 2011, Rosstat Says

Τρι, 31 Ιανουαρίου 2012 - 18:58

Russia's gross domestic product grew by 4.3% in 2011, preliminary data from the Federal Statistics Service showed Tuesday, coming in slightly above an earlier forecast by Prime Minister Vladimir Putin.

Shell CEO Says Arctic Focus On Alaska, Greenland

Τρι, 31 Ιανουαρίου 2012 - 18:58

Royal Dutch Shell PLC's (RDSA.LN) plans to drill for oil and gas in the Arctic region will be centered on Alaska and Greenland, though the Anglo-Dutch major is also eyeing Russia's far north as an exploration frontier, said Chief Executive Peter Voser.

OPEC Chief Warns Iran Tensions Could Hurt Economy

Τρι, 31 Ιανουαρίου 2012 - 18:57

OPEC's chief Tuesday said that an escalation between Iran and the West could hurt both the world economy and oil investments, his strongest warning to date over a standoff that is rattling oil markets.

Jordan Increases Electricity Price By 9%-17% After Egypt Gas Cut

Δευ, 30 Ιανουαρίου 2012 - 19:07

Jordan said Monday it will raise electricity prices this week by between 9%-17% to offset losses caused by cut-offs in Egyptian gas supplies.

OPEC Secretary General Doesn't Expect Closure Of Strait Of Hormuz

Δευ, 30 Ιανουαρίου 2012 - 19:07

The secretary general of the Organization of Petroleum Exporting Countries said Monday that he doesn't expect the Strait of Hormuz to be closed, but said it would be impossible to replace the oil route if a closure happens.

Saudi: Energy Consumption Growth Normal For Emerging Economy

Δευ, 30 Ιανουαρίου 2012 - 19:07

Saudi Oil Minister Ali Naimi gave a firm rebuttal Monday to suggestions that his country's domestic energy consumption is growing too fast and will one day impede its ability to export oil.

Oil Down As Iran Delays Votes On Oil Exports To EU

Δευ, 30 Ιανουαρίου 2012 - 19:06

Crude oil futures were lower Monday as Iran postponed a decision over the weekend to halt oil exports to the European Union, taking some of the immediate risk of a supply disruption out of the market.

France To Offer Aid To Petroplus Refinery Buyer -Energy Minister

Δευ, 30 Ιανουαρίου 2012 - 19:06

French Energy Minister Eric Besson Monday said the government is ready to provide financial aid to any potential buyer of the now insolvent Swiss-based refiner Petroplus Holdings AG's (PPHN.EB) French refinery.

UK Energy Min: No Need For Pan-European Shale Gas Regulation

Δευ, 30 Ιανουαρίου 2012 - 19:06

The U.K. government sees no need for new pan-European regulations on shale gas drilling and expects the matter to be ultimately left up to individual states, said U.K. Energy Minster Charles Hendry Monday.

Sakhalin-II Project to Reach Full Cost Recovery in Q1

Δευ, 30 Ιανουαρίου 2012 - 16:48

The Sakhalin-II oil and gas project, which Gazprom is implementing with foreign partners on production-sharing terms off Russia’s Pacific Coast, will reach its full cost recovery in the first quarter of 2012, Energy Minister Sergei Shmatko said on Monday.