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Enel Board Approves EUR0.10/Share Advanced Div Payment On 2011

Τετ, 28 Σεπτεμβρίου 2011 - 18:43

Enel SpA (ENEL.MI) Wednesday said its board had approved an advanced dividend payment on the Italian utility giant's 2011 results equivalent to EUR0.10 per share.

Shah Deniz Consortium To Evaluate BP's Europe-Bound Gas Pipeline

Τετ, 28 Σεπτεμβρίου 2011 - 18:42

A BP PLC (BP) led consortium working on Azerbaijan's Shah Deniz natural gas field said Tuesday it will evaluate a new proposal by the U.K. oil major to feed Europe with Caspian natural gas through an alternative pipeline project.

Searches Conducted in Gazprom Offices in EU

Τετ, 28 Σεπτεμβρίου 2011 - 16:35

Representatives of the European Commission on Tuesday conducted unannounced searches in the offices of Gazprom in Central and Eastern Europe and in the offices of a number of European energy companies, the German media reported.

Price of Heating Oil Set to Soar

Τετ, 28 Σεπτεμβρίου 2011 - 16:35

Consumers will have to pay almost 50 percent more for their heating oil this winter, oil traders suggested Tuesday, as the estimated price of the essential commodity is set to soar from 0.65-0.70 euros per liter last year to about 1 euro/lt when sales start on October 15.

Greece Moves Ahead with Hydrocarbon Exploration

Τετ, 28 Σεπτεμβρίου 2011 - 14:53

As the Greek government is scrambling hard to avoid a looming default and eventual exit from the euro, the need for the state to raise much needed revenue, even on a long term basis, seems to have acted as a catalyst in its effort to accelerate plans for hydrocarbon exploration and production. Greece, which consumes some 380,000 barrels of oil daily, relies on crude imports for 99.5 per cent of this quantity with the result that more than 5% of its GDP is spend on oil purchases.

Noble Energy has Revised Drilling Plans in the Offshore Eastern Mediterranean

Τετ, 28 Σεπτεμβρίου 2011 - 12:25

Noble Energy, Inc. (NYSE: NBL) announced on Tuesday that it has revised drilling plans for the three deepwater rigs it has under contract in the offshore Eastern Mediterranean. The Ensco 5006 rig (formerly the Pride North America), which has experienced multiple subsea equipment issues, will move off the Leviathan #3 well to have repairs performed to its riser system.

Bulgaria's Energy Regulator Approves 6.67% Increase in Gas Tariffs

Τετ, 28 Σεπτεμβρίου 2011 - 12:24

Bulgaria's State Energy and Water Regulatory Commission (SEWRC) agreed at a meeting on September 27 2011 to increase natural gas prices by 6.67 per cent to 594.37 leva a 1000 cu m from October 1.

BP Proposes New Route To Bring Azerbaijan Gas To EU

Τρι, 27 Σεπτεμβρίου 2011 - 18:38

BP PLC (BP) has proposed an alternative pipeline project to feed Europe with Caspian natural gas, as the fight among competing pipeline projects heats ahead of a deadline that is being closely watched by European governments and energy companies.

Azerbaijan To Evaluate BP's Europe-Bound Gas Pipeline

Τρι, 27 Σεπτεμβρίου 2011 - 18:37

Azerbaijan's state energy company Socar said Tuesday it will evaluate a new proposal by BP PLC (BP) to feed Europe with Caspian natural gas through an alternative pipeline project.

Return Of Libya Oil Seen Normalizing Brent-WTI Gap

Τρι, 27 Σεπτεμβρίου 2011 - 18:37

The resumption of Libya's oil production should mean the end to record price spreads between Brent and WTI oil prices, says Bank of America Merrill Lynch's Tom Petrie.

Gamesa To Supply 200MW Of Wind Turbines To China's Huadian

Τρι, 27 Σεπτεμβρίου 2011 - 18:36

Spanish wind turbine manufacturer Gamesa Corporacion Tecnologica SA (GAM.MC) said Tuesday it will supply 200 megawatts worth of capacity to Chinese giant power company China Huadian Corp.

Solyndra Gets Final Court Approval To Keep Spending In Chapter 11

Τρι, 27 Σεπτεμβρίου 2011 - 18:36

Embattled solar-panel maker Solyndra LLC reached a deal to ward off a threat to its cash flow and Tuesday won bankruptcy-court approval to keep spending, at least until Nov. 19.

Rosneft May Get Up to 30 pct in Exxon Mobil's Projects

Τρι, 27 Σεπτεμβρίου 2011 - 17:26

Russia's top oil producer Rosneft may get up to 30 percent in ExxonMobil's projects as part of a $3.2 billion agreement signed in August, Glenn Waller, head of Exxon Mobil Russia, said on Tuesday.