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Total To Challenge French Govt Decision On Shale Gas

Δευ, 28 Νοεμβρίου 2011 - 18:44

French oil and gas giant Total SA (TOT, FP.FR) plans to challenge the French government's decision to cancel its exploration permit for a shale gas field in Montelimar, in the south of France, reported Les Echos Monday.

Anadarko: Mozambique Gas Find One Of The Most Significant In 10 Years

Δευ, 28 Νοεμβρίου 2011 - 18:43

Anadarko Petroleum Corp. (APC) further upgraded its estimates Monday for gas reserves offshore Mozambique that could exceed 30 trillion cubic feet.

Crude Soars On Geopolitical Tensions, Euro Zone Optimism

Δευ, 28 Νοεμβρίου 2011 - 18:43

Crude futures soared Monday on the prospect of a European Union ban on Iranian oil imports and renewed optimism that European politicians are making headway in their efforts to contain the region's ongoing debt crisis.

Japan Insurers Said Not To Renew Contract For Fukushima Nuclear Plant

Δευ, 28 Νοεμβρίου 2011 - 18:42

A consortium of 23 Japanese property and casualty insurers has told Tokyo Electric Power Co. (9501.TO) that it will not renew insurance expiring Jan. 15 on the utility's Fukushima Daiichi nuclear plant, source of the nation's worst-ever nuclear accident, sources close to the matter said Monday, the Kyodo news service reported.

Areva German Wind Prospect Could Boost Renewables Effort

Δευ, 28 Νοεμβρίου 2011 - 18:42

Areva SA (AREVA.FR) said Monday that it is in advanced talks to build around 120 wind turbines at two offshore wind farms in Germany, the latest evidence of the group's efforts to diversify away from nuclear technology.

Iran Minister Says Europe Has No Alternative To Iran Oil

Δευ, 28 Νοεμβρίου 2011 - 18:41

Iran's Oil Minister, Rostam Ghasemi, downplayed the threat of a European Union ban on oil imports from his country Monday, saying Europe has no alternative but to buy Iranian crude, according to Fars news agency.

Iraq-Shell Gas Project To Start Production In 2013

Παρ, 25 Νοεμβρίου 2011 - 19:13

A large gas project Iraq will sign with a consortium led by Royal Dutch Shell PLC (RDSA) on Sunday will start production in 2013, a senior Iraqi oil ministry official said Friday.

Gazprom Neft: Starts Drilling In Iraqi Badra Deposit

Παρ, 25 Νοεμβρίου 2011 - 19:13

Russia's OAO Gazprom Neft (SIBN.RS), the oil unit of state gas giant OAO Gazprom (GAZP.RS), said Friday it has started drilling the first appraisal well in the Iraqi Badra oil deposit, operated by the company.

Gazprom Pays $2.5 Bln For 50% Of Belarus Pipeline System

Παρ, 25 Νοεμβρίου 2011 - 19:13

Russian state gas producer OAO Gazprom (GAZP.RS) has agreed to pay Belarus $2.5 billion for a 50% stake in the country's pipeline operator Beltransgaz, taking full ownership of the company, the company said Friday.

Iran's Top Oil Official: World Needs Iran's Oil, Gas

Παρ, 25 Νοεμβρίου 2011 - 19:12

The head of Iran's national oil company warned Friday that world energy markets couldn't do without the country's oil and gas, after France Thursday reiterated a call to ban Tehran's crude from Europe.

Lukoil To Drill 2 To 4 Wells In Ghana Next Year

Παρ, 25 Νοεμβρίου 2011 - 19:12

Russia's biggest independent oil producer, OAO Lukoil Holdings (LKOH.RS), is keen to keep drilling off the coast of Ghana despite two dry wells this year, and plans to drill another two to four wells there in 2012, the company's Deputy Chief Executive Leonid Fedun said Friday.

EU Ban On Iran Oil Would Have Limited Effect -IEA

Παρ, 25 Νοεμβρίου 2011 - 19:11

If Europe were to decide to ban imports of crude oil from Iran, it would have a limited impact on the Iranian oil industry, says David Fyfe, head of oil markets at the International Energy Agency.

EU To Give Bulgaria Extra 185 Mln Euro for Shutting Down N-Plant Units

Παρ, 25 Νοεμβρίου 2011 - 16:11

The European Commission proposed on Thursday to provide a further 185 million euro ($247.7 million) in assistance to Bulgaria until 2020 to support the decommissioning of nuclear power plant Kozloduy's old reactors.