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Turkey To Keep On Gas Search In The Mediterranean

Πεμ, 6 Οκτωβρίου 2011 - 18:23

Turkey will continue searching for gas and oil in the Mediterranean, where the rival Greek Cypriot government has already started drilling, the Turkish energy minister said Thursday.

Unrest In Saudi's Oil-Rich East Province, Foreign Country Blamed

Τετ, 5 Οκτωβρίου 2011 - 17:57

Saudi Arabia said unrest in a Shiite Muslim town in the oil-rich Eastern province was the work of an unidentified "foreign country" seeking to undermine the kingdom's stability.

Eni Says Italy Retail Bond Sale Worth Up To EUR1.35 Bln

Τετ, 5 Οκτωβρίου 2011 - 17:56

Eni SpA (E), Italy's biggest energy company by market value, said the six-year bond it will sell to households will be worth up to EUR1.35 billion, more than originally planned, on higher demand.

OPEC Chief: Piracy May Spread If No Onshore Solution

Τετ, 5 Οκτωβρίου 2011 - 17:56

Somalian piracy could spread further unless an onshore solution is found, the secretary general of the Organization of Petroleum Exporting Countries said in an interview published Tuesday.

One Person Seriously Injured In BP Germany Refinery Fire

Τετ, 5 Οκτωβρίου 2011 - 17:55

A fire at BP PLC's (BP.LN) Lingen refinery Tuesday left one person seriously injured with severe burns, the company and local police said Wednesday.

Shell: More Than 100 Oil Wells Drilled In Jordan In 2 Years

Τετ, 5 Οκτωβρίου 2011 - 17:54

Royal Dutch Shell PLC (RDSA) has drilled more than 100 wells in Jordan in the two years since it a concession agreement to explore for oil from the country's vast oil shale reserves, a person familiar with the project said.

OMV To Price EUR500M 10-Year Bond Issue At Tighter End

Τετ, 5 Οκτωβρίου 2011 - 17:53

Austrian oil and gas group OMV AG (OMV.VI) has tightened price guidance on its EUR500 million, 10-year bond issue, at 185 basis points over midswaps, one of the banks running the deal said Wednesday.

Bulgaria's Belene NPP Project Passes Safety Stress-Test

Τετ, 5 Οκτωβρίου 2011 - 14:46

The project for Bulgaria's second nuclear power plant in Belene has met the international "stress-test" safety requirements, announced Russian state company Atomstroyexport, which is supposed to construct the Belene NPP.

LUKOIL Lowers Oil Production Forecast to 92 Million Tonnes

Τετ, 5 Οκτωβρίου 2011 - 14:45

Russia’s LUKOIL lowers its oil production forecast to 92 million tonnes, the company’s Deputy CEO Leonid Fedun told reporters on Wednesday during the Expert-400 forum.

BP Top Manager May Join Russia's Oil Giant Rosneft

Τετ, 5 Οκτωβρίου 2011 - 14:45

Larry Bates, a former BP top manager, who supervised the failed tie-up deal in January between the British oil giant and Russia's largest state-run oil company Rosneft, may join the local firm as vice president, Kommersant business daily said on Wednesday quoting a Rosneft official.

Shah Deniz Export Decision Could Come Before Year-End

Τετ, 5 Οκτωβρίου 2011 - 14:44

The Shah Deniz consortium has started to study the bids to export its gas to Europe, the president of Azerbaijan's State Oil Company has confirmed.

Istanbul Natural Gas Distribution to be Put to Tender Before the Year End

Τετ, 5 Οκτωβρίου 2011 - 14:43

Turkey’s largest gas distribution company, the Istanbul Natural Gas Distribution Co. (IGDAS), is to be put to tender before the year end for privatization, according to Istanbul Metropolitan Municipality (IBB) Secretary General, Adem Basturk. Supplying gas to the country’s most populous city, IGDAS is a highly sought after asset by international investors with its 4 million customers using 4 billion cubic meters of natural gas per year.