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Iran to Replace Gazprom with Domestic Firms at Azar Fields

Τρι, 11 Οκτωβρίου 2011 - 18:03

Iran has cancelled plans for Russia’s Gazprom to develop its Azar oil field because of “repeated” delays and awarded it to domestic contractors, a newspaper reported yesterday.

Tanker Safety Risks Are Rising Following Plunge in Rates, Ship Owners Say

Τρι, 11 Οκτωβρίου 2011 - 18:03

A collapse in oil-tanker rates to the lowest level in at least 14 years is increasing the risk of spills because it may encourage some owners to spend less on safety,Tsakos Energy Navigation Inc. and BW Group Ltd. said.

Total CEO: Libya Return To Prewar Production Level Seen By End 2012

Τρι, 11 Οκτωβρίου 2011 - 14:34

Libya is currently producing slightly more than 300,000 barrels of a oil a day following its resumption of production after the overthrow of Colonel Moammar Gadhafi, with the country expected to return to prewar output levels by the end of 2012, Total SA (TOT) Chief Executive Christophe de Margerie said Tuesday.

Russia, China Resolve Oil Supply Dispute

Τρι, 11 Οκτωβρίου 2011 - 14:33

Russia and China have resolved a dispute on oil supplies, First Deputy Prime Minister Igor Sechin said Tuesday, local news agencies reported.

Petrobras CEO: Won't Cut Investment Due To Economic Uncertainty

Τρι, 11 Οκτωβρίου 2011 - 14:33

Petroleo Brasileiro SA (PBR) isn't cutting its planned investment in new oil production despite the growing economic uncertainty, said the company's Chief Executive Jose Sergio Gabrielli de Azevedo Tuesday.

Resource-Efficiency: Europe Can Set a Global Example

Τρι, 11 Οκτωβρίου 2011 - 14:31

The European Commission's roadmap for a resource-efficient Europe proposes a decent way forward to transform the Union into a sustainable economy, writes Bas de Leeuw from the World Resources Forum.

Bulgaria's Capital Launches Electric Car Charging Stations

Τρι, 11 Οκτωβρίου 2011 - 14:28

The capital Sofia will have several electric car charging stations in just weeks, according to Bulgarian Economy and Energy Minister, Traicho Traikov.

Iraq Delays 4th Energy Bid Round Until March 7

Δευ, 10 Οκτωβρίου 2011 - 18:29

Iraq will auction 12 exploration blocks on March 7 and 8 instead of Jan. 25 and 26 as previously planned, an oil ministry spokesman said Monday.

Novatek: 3Q Output 13.45BCM Of Gas

Δευ, 10 Οκτωβρίου 2011 - 18:29

Russian gas producer OAO Novatek (NVTK.RS) Monday said its natural gas output in the third quarter rose 58% from a year earlier to 13.45 billion cubic meters.

China To Tax Oil And Gas Production At 5%-10% Nationwide

Δευ, 10 Οκτωβρίου 2011 - 18:27

China will extend an experimental tax on oil and gas to the entire nation, taxing the resources between 5% and 10%, the State Council said Monday.

E.ON, Korea National Oil Company Make Gas Find In UK North Sea

Δευ, 10 Οκτωβρίου 2011 - 18:27

E.ON AG (EOAN.XE) said Monday its exploration and production unit has found natural gas in a UK North Sea field, which the German utility jointly owns with Dana Petroleum E&P, a wholly owned subsidiary of Korea National Oil Company.

Iraq Resumes Output From Rumaila Oil Field

Δευ, 10 Οκτωβρίου 2011 - 18:27

Iraq has resumed crude oil production from Rumaila South oil field after two blasts Friday night near an export pipeline forced a partial suspension of output from the field in southern Iraq, Iraqi oil and company officials said Monday.

Saudi To Maintain Crude Supply To Europe In Nov

Δευ, 10 Οκτωβρίου 2011 - 18:26

State-owned Saudi Arabian Oil Co., or Saudi Aramco, has told lifters in Europe that it will deliver the contracted volumes in November under its long-term contracts, trade sources said Monday.