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Turkeys Zorlu Enerji Secures $1B For Israel Natural Gas Plant-IHA

Turkey's Zorlu Enerji Secures $1B For Israel Natural Gas Plant-IHA

Turkey's Zorlu Enerji (ZOREN.IS), the energy arm of Turkish textiles-to-electronics conglomerate Zorlu Holding AS, said Monday that it has secured nearly $1 billion of financing for the 800 megawatt Dorad natural gas plant project in Israel, the Ihlas News Agency, or IHA, reports.

Gazprom and Shell To Expand Cooperation - Medvedev

Gazprom and Shell To Expand Cooperation - Medvedev

Russia's state-run gas firm OAO Gazprom (GAZP.RS) and Royal Dutch Shell PLC(RDSA.LN) are to sign a memorandum on the expansion of their cooperation in and outside Russia, Gazprom Deputy Chief Executive Alexander Medvedev said Monday.

RES and PV in Bulgaria

RES and PV in Bulgaria

General information and legal framework (in view of final draft of the new renewable energy act). Bulgaria (BG) is one of the European countries that have attractive incentives in place, in order to support the development of renewable energy sources (RES) investment projects.

Iran to Continue 20 Percent Uranium Enrichment – Ambassador

Iran to Continue 20 Percent Uranium Enrichment – Ambassador

Iran will continue 20 percent uranium enrichment, Iranian Ambassador to Russia Mahmoud Reza Sajjadi said on Monday.“Iran will continue 20 percent uranium enrichment until its domestic needs are satisfied.” “We see our partners to refuse to supply necessary materials for medicines that is why we intend to continue 20 percent uranium enrichment,” the Iranian ambassador stressed.

Gazprom Ready to Negotiate Lower Prices for European Clients

Gazprom Ready to Negotiate Lower Prices for European Clients

The world's largest gas export monopoly, Russia's Gazprom, said on Monday it was ready to cut prices on its long-term contracts to Europe as the volume of paid for but undelivered gas mounted, Gazprom said on Monday.

Petrobras Sees 10%-12% Chance To Find Crude In Portugal -Report

Petrobras Sees 10%-12% Chance To Find Crude In Portugal -Report

After four-years of searching for oil and gas off the coast of Portugal, Brazilian state-run energy giant Petroleo Brasileiro SA (PBR, PETR4.BR) believes there's still a chance to find crude in the Peniche Basin, Jose de Freitas, Petrobras' head of Portuguese operations, told Diario Economico in an interview published in its Friday Internet edition.

China Should Keep Importing Coal In Appropriate Volumes: Official -Report

China Should Keep Importing Coal In 'Appropriate' Volumes: Official -Report

China should continue to import coal in "appropriate" volumes, and domestic coal companies are encouraged to invest in overseas coal mines, the head of National Energy Administration's coal department said in an article published in state-controlled People's Daily Friday.

Turkey Competition Body Allows OMV To Up POAS Stake To 95.72%-IHA

Turkey Competition Body Allows OMV To Up POAS Stake To 95.72%-IHA

The Turkish Competition Authority Friday approved Austrian oil and gas company OMV AG (OMV.VI) to increase its stake to 95.72% in Turkish fuel and oil products retailer Petrol Ofisi AS (PTOFS.IS), or POAS, the Ihlas News Agency, or IHA, reported.

RWE Awards Pipeline Contract To Connect UK Offshore Gas Field

RWE Awards Pipeline Contract To Connect UK Offshore Gas Field

RWE AG's (RWE.XE) oil and gas exploration and production unit RWE Dea said Friday it has awarded Allseas Construction Contractors SA with a contract to build a 100-kilometer offshore pipeline to transport gas from its gas field Breagh A.

Brazils Petrobras Says Amazon Oil Well Tests Positive

Brazil's Petrobras Says Amazon Oil Well Tests Positive

Brazilian state-run energy giant Petroleo Brasileiro S.A (PBR, PETR4.BR), or Petrobras, said Friday that a well in the municipality of Tefe, in the Upper Amazon region, has tested positive for light oil and natural gas.