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India Official: Iran Crude Payment Issue Resolved

Πεμ, 3 Φεβρουαρίου 2011 - 18:43

India has worked out a mechanism to make payments to Iran for crude oil imports, a senior government official said Thursday.

GDF Suez, International Power Complete Assets Merger

Πεμ, 3 Φεβρουαρίου 2011 - 18:43

Power generators International Power PLC (IPR.LN) and GDF Suez SA (GSZ.FR) said the combination of assets around the globe completed Thursday, consolidating their position in the U.K. and U.S. while strengthening their business in fast-growing emerging markets.

Jordan's Muslim Brotherhood, King Abdullah II To Meet Thurs

Πεμ, 3 Φεβρουαρίου 2011 - 18:43

Jordan's King Abdullah II will meet later Thursday with members of the country's Muslim Brotherhood, the first such meeting in nearly a decade, according to a prominent member of the Islamist movement.

Shell Delays Plan To Drill Offshore Alaska

Πεμ, 3 Φεβρουαρίου 2011 - 18:42

Royal Dutch Shell PLC said it is postponing a controversial plan to drill for oil in the arctic waters off Alaska's shores by a year, after failing to win the necessary permits from U.S. regulators.

Petrobras To Raise Up To $40B To Develop Pre-Salt Fields

Πεμ, 3 Φεβρουαρίου 2011 - 18:42

Brazil's state-run oil company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, plans to raise as much as $40 billion in debt by 2014 as it prepares to develop "pre-salt" oil fields, the Financial Times reported, citing Chief Executive Jose Sergio Gabrielli.

Lukoil Likely To Bid For Uganda Oil Exploration License-Executive

Πεμ, 3 Φεβρουαρίου 2011 - 18:42

Russia-based integrated oil and gas company Lukoil Holdings (LUKOY) is likely to bid for an exploration license in Uganda when the country opens a licensing round later this year, a company executive told Dow Jones Newswires Thursday.

Azerbaijan to Sell Gas Direct to Greece

Πεμ, 3 Φεβρουαρίου 2011 - 14:47

Azerbaijan plans to sell 700 mln cubic metres (bcm) of gas per year directly to Greece, bypassing Turkish intermediaries, the Azeri energy minister said on Wednesday.

BP Ordered To Fix Safety Lapses On North Sea Rigs

Τετ, 2 Φεβρουαρίου 2011 - 18:02

The safety regulator of the U.K. offshore oil and gas industry has ordered BP PLC (BP) to fix significant safety lapses on three North Sea rigs, according to documents posted on the regulator's web site Wednesday.

Iraq Readies To Protect Overseas Funds - Government Official

Τετ, 2 Φεβρουαρίου 2011 - 18:01

Iraq has told its central bank to open accounts to transfer hundreds of millions of dollars out of a post-Gulf war U.S. fund to protect the money from foreign claims, a government spokesman said Wednesday.

Total Anxious To Start On Uganda Oil Project - Executive

Τετ, 2 Φεβρουαρίου 2011 - 18:01

France oil major Total SA (TOT) is "eager" and "anxious" to commence the development of Ugandan oil assets, as it seeks to expand its African operations, a company executive said Wednesday.

Novatek To Pick Yamal LNG Project Partners By Year-end - CEO

Τετ, 2 Φεβρουαρίου 2011 - 18:01

Russia's biggest independent natural gas producer OAO Novatek (NVTK.RS) will choose partners for its ambitious Yamal LNG project in Russia's Arctic region by the end of the year, the company's Chief Financial Officer Mark Gyetvay said Wednesday.

ElBaradei Says Mubarak Decision To Step Down 'An Act Of Deception'

Τετ, 2 Φεβρουαρίου 2011 - 18:00

Egyptian President Hosni Mubarak's announcement that he will step down after elections later this year is "an act of deception" and won't satisfy the demands of those protesting against his 29-year rule, according to opposition leader and Nobel laureate Mohamed ElBaradei.