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Zeta digs Jimbolia well in Romania

Zeta digs Jimbolia well in Romania

Πεμ, 11 Νοεμβρίου 2010 - 16:39

Zeta Petroleum Limited (Zeta), the operator and 50 percent working interest holder has started the drilling of the Jimbolia-1ST well re-entry on the Jimbolia concession in Romania, according to Business Wire.

OMV Petrom Turns to Loss for the Third Quarter

OMV Petrom Turns to Loss for the Third Quarter

Πεμ, 11 Νοεμβρίου 2010 - 16:38

Oil and gas company OMV Petrom posted a net loss of EUR 23.3 million in the third quarter of the year. However, the company managed to post a profit of EUR 332 million for the first nine months of the year, which was up 44 percent compared to the same period of last year.

EU Biofuels Growth on Hold as Green Benefits Queried

EU Biofuels Growth on Hold as Green Benefits Queried

Πεμ, 11 Νοεμβρίου 2010 - 16:37

The European Union's biofuels industry is unlikely to expand until the debate about their impact on climate change is resolved and clear policies emerge, the head of major UK biofuels firm said on Wednesday.

RWE: 3rd Round Of Talks To Buy Azerbaijani Gas On Fri

RWE: 3rd Round Of Talks To Buy Azerbaijani Gas On Fri

Τετ, 10 Νοεμβρίου 2010 - 19:10

German energy company RWE AG (RWE.XE) Friday will resume negotiations to secure natural gas from Azerbaijan that would be crucial to reduce Europe's dependence on Russian imports, the company's head of supply and trading said Wednesday.

BP Gears Up To Shut Down UK North Sea Field On Iran Sanctions

BP Gears Up To Shut Down UK North Sea Field On Iran Sanctions

Τετ, 10 Νοεμβρίου 2010 - 19:10

BP PLC (BP) said Wednesday it was taking steps to shut down a natural-gas field in the U.K. North Sea that it jointly owns with Iran, confirming a warning last month that new European sanctions could interrupt the operation.

Agreement On Japan-Russia LNG Project Postponed -Nikkei

Agreement On Japan-Russia LNG Project Postponed -Nikkei

Τετ, 10 Νοεμβρίου 2010 - 19:09

An agreement on a Japanese-Russian liquefied natural gas project has been delayed after Russia's Gazprom (GAZP.RS) chief canceled a scheduled trip to Japan, raising speculation that a recent territorial spat is casting a pall over bilateral relations, The Nikkei reported in its Thursday morning edition.

Zeta Digs Jimbolia Well in Romania

Zeta Digs Jimbolia Well in Romania

Τετ, 10 Νοεμβρίου 2010 - 15:00

Zeta Petroleum Limited (Zeta), the operator and 50 percent working interest holder has started the drilling of the Jimbolia-1ST well re-entry on the Jimbolia concession in Romania, according to Business Wire.

E.ON Plans $21 Billion in Asset Sales as Earnings Set to Drop

E.ON Plans $21 Billion in Asset Sales as Earnings Set to Drop

Τετ, 10 Νοεμβρίου 2010 - 14:35

E.ON AG, Germany’s largest utility, plans to raise 15 billion euros ($21 billion) by the end of 2013 in a second round of asset sales and expand outside of Europe as the company faces a decline in earnings.

Belene N-Plant: Serbia To Seek At Least 5.0% Stake in Bulgarias

Belene N-Plant: Serbia To Seek At Least 5.0% Stake in Bulgaria's

Τετ, 10 Νοεμβρίου 2010 - 14:34

Serbia is interested in participating in the construction of Bulgaria's second nuclear power plant, Belene, with a stake of at least 5%, higher than the one offered by the government in Sofia, Belgrade-based media reported on Tuesday.

Gazprom Considering Gas Pipeline Construction to S Korea-Miller

Gazprom Considering Gas Pipeline Construction to S Korea-Miller

Τετ, 10 Νοεμβρίου 2010 - 14:33

Gazprom is considering building a gas pipeline to South Korea, CEO of the Russian gas monopoly Alexei Miller told reporters on Wednesday. He added that the sides are considering a land version of the construction of this pipeline

IEA: OPEC To Supply Over 50% Of Oil Demand In 2035

IEA: OPEC To Supply Over 50% Of Oil Demand In 2035

Τρι, 9 Νοεμβρίου 2010 - 18:34

The International Energy Agency said Tuesday that the Organization of Petroleum Exporting Countries will make up more than half of global oil supplies within the next 25 years, putting the onus on the group to meet the largest part of world's energy demand.