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Gazprom Plans To Increase Dividend To 35% Of Net Profit

Gazprom Plans To Increase Dividend To 35% Of Net Profit

Πεμ, 14 Οκτωβρίου 2010 - 17:09

Russian natural gas monopoly OAO Gazprom (GAZP.RS) said Thursday its management has approved a new dividend policy, which sees the limit of dividend payments increase to 35% of the company's net profit from 30% previously.

Gazprom, Romania Sign MOI On South Stream Pipeline

Gazprom, Romania Sign MOI On South Stream Pipeline

Τετ, 13 Οκτωβρίου 2010 - 18:28

Russian natural gas giant OAO Gazprom (GAZP.RS) and the Romanian authorities Wednesday signed a memorandum of intent on the possibility that the South Stream pipeline may transit Romania, Gazprom's chief executive Alexei Miller said, news agency Mediafax reported.

End-2010 US Oil Stockpile Seen At 26-Year High

End-2010 US Oil Stockpile Seen At 26-Year High

Τετ, 13 Οκτωβρίου 2010 - 18:27

Total US company-held stocks of crude oil and refined petroleum products are expected to stand at 1.094 bil bbls at the end of 2010, the highest end-year level since 1984, the EIA projects in its Oct Short-Term Energy Outlook released Wed.

EIA Cuts 2011 Natural Gas Price View 4% To $4.58/MMBtu

EIA Cuts 2011 Natural Gas Price View 4% To $4.58/MMBtu

Τετ, 13 Οκτωβρίου 2010 - 18:27

The Energy Information Administration, citing strong U.S. natural gas production, cut its 2011 average price forecast to $4.58/MMBtu, down from last month's forecast of $4.76/MMBtu. The EIA sees gas production this year rising 3.5%, but expects drilling activity to slow heading into next year.

TNK-BP Plans Global Push as Oligarchs Share Record $4bn Dividend

TNK-BP Plans Global Push as Oligarchs Share Record $4bn Dividend

Τετ, 13 Οκτωβρίου 2010 - 15:25

The payout is about 70pc more than TNK-BP's first-half net profits of $2.43bn. Despite the huge shareholder dividend, TNK-BP has renewed its ambitions to expand through acquisitions and become an international player, according to its chief operating officer.

Turkeys Hydro Power Capacity To Be 1,000 MW By End 2010-IHA

Turkey's Hydro Power Capacity To Be 1,000 MW By End 2010-IHA

Τρι, 12 Οκτωβρίου 2010 - 18:45

The total capacity of Turkey's hydroelectric power plants, built by the private sector, will reach 1,000 megawatt by the end of this year, Turkish energy markets regulator EPDK chairman Hasan Koktas said Tuesday, the Ihlas News Agency, or IHA, reported.

IEA Chief: Iran Sanctions Hindrance To Energy Security

IEA Chief: Iran Sanctions Hindrance To Energy Security

Τρι, 12 Οκτωβρίου 2010 - 18:44

Sanctions on Iran's energy sector will hinder the goal of energy security and price stability, as the Islamic republic is deprived of much-needed investment in its oil and gas sector to achieve production growth, the head of the International Energy Agency said Tuesday.