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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.

OPEC's Oil Price Below $100/Bbl, First Time Since Feb

Τρι, 4 Οκτωβρίου 2011 - 17:10

The average selling price for a range of crude oil grades produced by the Organization of Petroleum Exporting Countries has dipped below $100 a barrel for the first time since February, according to data posted on the group's website Tuesday.

European Union Favors Continuation Of Kyoto Protocol

Τρι, 4 Οκτωβρίου 2011 - 17:09

Lending support to a demand from developing countries for extension of the Kyoto Protocol, the European Union Tuesday favored the continuation of the global pact that is aimed at reducing greenhouse gas emissions.

Alstom To Supply EUR110M Worth Of Equipment To AEP

Τρι, 4 Οκτωβρίου 2011 - 17:09

French power engineering and train company Alstom SA (ALO.FR) Tuesday said it has agreed with American Electric Power Co. Inc. (AEP) to supply equipment worth EUR110 million to upgrade the turbines of the U.S. company's coal-fired power plants.

EU Executive Agrees Oil Sands CO2 Value

Τρι, 4 Οκτωβρίου 2011 - 17:09

The European Union's executive body will propose that oil extracted from sands should be treated as dirtier than conventional oil, a move set to add to an ongoing spat with Canada, a major producer of oil from sands.

France's Sarkozy: No Shale Gas Extraction Until Technology Proven Clean

Τρι, 4 Οκτωβρίου 2011 - 17:08

French President Nicolas Sarkozy Tuesday reiterated that his government won't authorize the extraction of French shale gas until technology is proven to be environmentally clean.

DEPA CEO: Greece-Bulgaria Gas Connector Ready in 2013

Τρι, 4 Οκτωβρίου 2011 - 13:36

ITGI, the Turkey-Greece-Italy Interconnector,offers the quickest way to open up the Southern Gas corridor, and could pump Azeri gas into Bulgaria as soon as from 2013, Harry Sachinis, Chairman & CEO Public Gas Corporation of Greece (DEPA), told EurActiv in an exclusive interview.

Southern Corridor Competitors Bid for Azeri Gas

Τρι, 4 Οκτωβρίου 2011 - 13:10

Competitors in the race to give life to the 'Southern gas corridor,' aimed at supplying Europe with non-Russian gas sources, have all lodged bids to obtain the 10 billion cubic meters per year which will be available from the offshore Shah Deniz II field in Azerbaijan.

Eni CEO Hopes Libyan Greenstream Pipeline Will Resume In October

Δευ, 3 Οκτωβρίου 2011 - 18:37

Eni SpA's (E) Chief Executive Paolo Scaroni said Monday he hopes the "first flux" of natural gas from Libyan pipeline Greenstream will resume in October.

Iraq Resumes North Oil Flow To Turkey After Outage - Shipper

Δευ, 3 Οκτωβρίου 2011 - 18:36

Iraq has resumed pumping crude oil from its northern oil fields to the Mediterranean port of Ceyhan, Turkey, after a suspension of six days, a Middle East shipping agent said Monday.

Chevron Technology Ventures Launches World's Largest Solar Enhanced-Oil-Recovery Project

Δευ, 3 Οκτωβρίου 2011 - 18:35

Chevron Technology Ventures, a division of Chevron U.S.A. Inc. that identifies, evaluates and demonstrates emerging technologies, today launched a unique demonstration project to test the viability of using solar energy to produce oil. The project uses over 7,600 mirrors to focus the sun's energy onto a solar boiler. The steam produced is injected into oil reservoirs to increase oil production. The project is the largest of its kind in the world.