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E.ON Takes 15% Stake In Trans Adriatic Pipeline

E.ON Takes 15% Stake In Trans Adriatic Pipeline

Πεμ, 20 Μαΐου 2010 - 18:32

E.ON Ruhrgas, Germany's largest importer of natural gas, in a bid to strengthen its position in the Italian market said Thursday it will join a consortium that is developing a pipeline project to bring natural gas to Europe from the Caspian region via Greece and Italy.

Chevron: Tengiz Expansion May Add 12M Tons Of Oil A Year

Chevron: Tengiz Expansion May Add 12M Tons Of Oil A Year

Πεμ, 20 Μαΐου 2010 - 18:31

A planned expansion of the Tengiz oil field in Kazakhstan would add 12 million metric tons of crude production a year by 2016, Chevron Corp. (CVX) Vice President Ian MacDonald said Thursday.

Siemens Joins French Solar Power Project

Siemens Joins French Solar Power Project

Πεμ, 20 Μαΐου 2010 - 18:30

Germany's Siemens AG (SI) said Thursday it will join French solar power initiative Transgreen, which is supposed to complement a German-led project known as Desertec.

Sinopec Prices CNY20 Billion Exchange-Traded Bonds - Sources

Sinopec Prices CNY20 Billion Exchange-Traded Bonds - Sources

Πεμ, 20 Μαΐου 2010 - 18:29

China Petroleum & Chemical Corp. (SNP), or Sinopec, on Thursday priced CNY20 billion (US$2.93 billion) worth of bonds, in the country's largest issue of exchange-traded corporate debt, two people familiar with the situation said.

Gazprom Neft Oil Services Unit Is Hard To Value

Gazprom Neft Oil Services Unit Is Hard To Value

Πεμ, 20 Μαΐου 2010 - 18:29

The oil services business that Gazprom Neft (SIBN.RS) says it wants to sell, possibly in an initial public offering, is hard to value, says VTB, noting that the business's costs and revenue can't be determined accurately from its parent company's financial statements.

Brussels to Play Down Carbon Leakage Threat

Brussels to Play Down Carbon Leakage Threat

Πεμ, 20 Μαΐου 2010 - 14:40

A draft European Commission proposal, seen by EurActiv, plays down the risk of industries relocating outside Europe if the 27-member bloc were to step up its climate policies.

EUs Central Asia Policy Confused, Says Expert

EU's Central Asia Policy Confused, Says Expert

Πεμ, 20 Μαΐου 2010 - 14:39

By pushing for the Nabucco pipeline, the European Union has signalled its obsession with reducing its dependence on Russian gas. But replacing it with gas from Turkmenistan, an authoritarian country where the EU exerts even less influence, would not improve the situation, a Central Asia expert told EurActiv Germany in an interview.

Russian Oil, Gas Companies Cede Positions on Domestic Share Market

Russian Oil, Gas Companies Cede Positions on Domestic Share Market

Πεμ, 20 Μαΐου 2010 - 14:38

Russian oil and gas companies are ceding their dominance on the domestic stock market, with their capitalization plunging below 50% of the value of all traded shares in January-March 2010, a business paper reported on Thursday.

Kazakhstan Eyes Stakes In Foreign Oil Projects-Minister

Kazakhstan Eyes Stakes In Foreign Oil Projects-Minister

Τετ, 19 Μαΐου 2010 - 18:52

The Kazakh government is interested in taking further stakes in foreign-led oil and gas projects in the country, but that won't limit growth plans, the country's deputy energy minister, Lyassat Kiinov, said Wednesday.

Rosneft: To Invest $2.6B In Vankor Field In 2010

Rosneft: To Invest $2.6B In Vankor Field In 2010

Τετ, 19 Μαΐου 2010 - 18:51

OAO Rosneft (ROSN.RS), Russia's largest oil producer, is planning to invest $2.6 billion in its key Vankor oil field in East Siberia in 2010, and produce 12.5 million metric tons of oil at the field, the company said in a presentation published Wednesday.

EUR42/MWh Under NOME Would Be Neutral For EDF -CFO

EUR42/MWh Under NOME Would Be Neutral For EDF -CFO

Τετ, 19 Μαΐου 2010 - 18:51

A new electricity tariff regulation in France would be neutral for French state-controlled power giant Electricite de France SA (EDF.FR) if the price is set at EUR42 per megawatt hour, EDF's Chief Financial Officer Thomas Piquemal said Wednesday in an interview with Dow Jones Newswires.

UK May Be Net Offshore Energy Power Exporter By 2050 - Study

UK May Be Net Offshore Energy Power Exporter By 2050 - Study

Τετ, 19 Μαΐου 2010 - 18:50

The U.K. could become a net exporter of offshore-generated renewable electricity by 2050 by utilizing just under a third of its total offshore wind, wave and tidal energy resources, a report said Wednesday.

Exxon, BG, BP, Eni Seek Stake In India Oil, Gas Field

Exxon, BG, BP, Eni Seek Stake In India Oil, Gas Field

Τετ, 19 Μαΐου 2010 - 18:49

Exxon Mobil Corp. (XOM), BG Group PLC (BG.LN), BP PLC (BP) and Eni SpA (E) are seeking to buy a stake in an oil and gas block leased by Oil & Natural Gas Corp. (500312.BY), India's flagship oil producer.

Igor Sechins Comments About Russian Oil

Igor Sechin's Comments About Russian Oil

Τετ, 19 Μαΐου 2010 - 18:12

gor Sechin, Deputy Prime Minister and Chairman of Rosneft, said this afternoon that the government will submit new oil tax proposals to the Prime Minister by the year-end. The oil industry, in particular, Rosneft, has been battling with the Finance Ministry for a significant reduction in its tax bill