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Kazakh Oil Company Signs MOUs To Assess Caspian Blocks

Παρ, 4 Ιουνίου 2010 - 09:36

Kazakh state oil and gas company KazMunaiGas, or KMG, Thursday signed memorandums of understanding with France's Total SA (TOT) and Norway's Statoil ASA (STO) to jointly assess the exploration potential of hydrocarbons at two blocks in the Caspian Sea.

Azerbaijan May Launch Shah Deniz Stage 2 In 2014

Παρ, 4 Ιουνίου 2010 - 09:32

Azerbaijan may launch the second stage of the BP PLC (BP)-led Shah Deniz field in the Caspian Sea in 2014, two years earlier than planned, Khoshbakht Yusifzade, vice president of Azeri state oil company Socar, said Thursday.

Eni, Azerbaijan In Talks To Ship Natural Gas To Europe

Παρ, 4 Ιουνίου 2010 - 09:30

Italian energy firm Eni SpA (E) has asked Azerbaijan's state energy company Socar to participate in a project to ship natural gas from Turkmenistan to Europe, the Azeri company said Thursday.

Energy Min: Turkey To Sign Gas Deal With Azerbaijan Next Week

Παρ, 4 Ιουνίου 2010 - 09:28

Turkey's Energy Minister Taner Yildiz said Thursday that Turkey and Azerbaijan will sign a deal on buying and transportation of Azeri gas through Turkey next week, the Ihlas News Agency, or IHA, reported.

TNK-BP:Kovykta Field Operator Files For Bankruptcy

Παρ, 4 Ιουνίου 2010 - 09:26

BP PLC's (BP) Russian oil joint venture TNK-BP Ltd. said Thursday the company operating the huge Kovykta gas condensate project in Siberia has filed for bankruptcy, as talks to sell the field to a state company drag out.

EU Probes Siemens, Areva Nuclear JV Clause

Τετ, 2 Ιουνίου 2010 - 18:14

The European Commission said Wednesday it launched a probe to investigate whether a deal by German industrial conglomerate Siemens AG (SI) and France's Areva SA (CEI.FR) on the conditions for ending a nuclear power joint venture violates competition rules.

Ford To Provide 5,000 Free Electric-Vehicle Charging Stations

Τετ, 2 Ιουνίου 2010 - 18:14

Ford Motor Co. (F) is partnering with Coulomb Technologies to provide about 5,000 free in-home charging stations for the auto giant's first electric-vehicle buyers.

Lukoil Exec: Govt May Implement Zero Export Duty On Caspian Fields

Τετ, 2 Ιουνίου 2010 - 18:14

The Russian government may exempt oil fields in the Caspian Sea from export duties, OAO Lukoil Holdings (LKOH.RS), the country's second-biggest privately owned oil producer, said Wednesday.

Russia May Oil Output 10.1M B/D; Slightly Down On Month

Τετ, 2 Ιουνίου 2010 - 18:13

Russia produced 10.08 million barrels a day of crude oil and gas condensate in May, a 0.3% decline from April and slightly lower than a post-Soviet record high reached in March, the Prime-Tass news agency reported Wednesday citing statistics from the energy ministry.

China's First Carbon Capture Plant Operational By Year-End –Xinhua

Τετ, 2 Ιουνίου 2010 - 18:13

China's first commercial carbon capture and storage plant is expected to be operational by the end of this year, Xinhua news agency reported Wednesday, citing officials from Shenhua Group, the country's top coal producer by assets.

Sinopec Group Plans Sharp Rise In Unconventional Gas Output By 2015

Τετ, 2 Ιουνίου 2010 - 18:12

China Petrochemical Corp., or Sinopec Group, the country's second-largest oil and gas producer by capacity, aims to achieve 2.5 billion cubic meters of annual production capacity of unconventional gas such as shale gas and coal bed methane by end-2015, the company said in its in-house newsletter.

EGL: Solid Gross Margin, Disappointing Net Profit

Τετ, 2 Ιουνίου 2010 - 14:50

The EGL Group achieved a solid gross margin of CHF 420.9 million (-4%) in the first half of 2009/10. However, various significant effects on costs led to a net profit of CHF 38.4 million, significantly lower than in the prior-year period (-69%).

Turkey-Azeri Pipe Deal Pushed Back

Τετ, 2 Ιουνίου 2010 - 14:47

Specific commercial and investment aspects of a deal, which will lay the terms for export of the Caspian gas through pipelines leading to Europe, will be decided in 6 months to 8 months, said Murad Heydarov, adviser to Azeri President Ilham Alyiev.