English Edition

Eni Offers Pipeline Deal In EU Antitrust Case

Παρ, 5 Φεβρουαρίου 2010 - 18:11

Italian oil and natural-gas giant Eni SpA said Thursday it plans to sell stakes in three major pipelines as part of a potential settlement with European Union regulators over alleged anticompetitive behavior by the company's gas-pipeline business.

Russia May Revoke Kovykta License From TNK-BP

Παρ, 5 Φεβρουαρίου 2010 - 18:09

Russia will review whether Anglo-Russian oil major TNK-BP Ltd. is complying with license terms for its giant Siberian Kovykta project, and may revoke the license, the country's Ministry of Natural Resources said Friday.

Shell to Slash Downstream as Q4 Profits Collapse

Παρ, 5 Φεβρουαρίου 2010 - 18:07

Royal Dutch Shell Plc said it planned even deeper cuts to its oil refining and retail operations after downstream weakness caused a 75 percent fall in fourth-quarter profits to $1.18 billion.

Polish LNG Company Gets Three Offers To Build LNG Port

Παρ, 5 Φεβρουαρίου 2010 - 18:05

Polish state-owned company Polskie LNG has received offers to build a liquefied natural gas, or LNG, terminal from three consortia, which include Italian, Korean and Polish builders it shortlisted last year, the company said Friday.

Sinopec Says China Needs to Revise Fuel Prices More Frequently

Παρ, 5 Φεβρουαρίου 2010 - 17:57

China Petroleum & Chemical Corp., the nation’s largest refiner, said revising the country’s fuel prices more frequently than the current 22 days would curb speculation that leads to hoarding of gasoline and diesel.

Tanker Companies may Expand Fleets After Recession

Παρ, 5 Φεβρουαρίου 2010 - 14:11

Tanker companies including General Maritime Corp and Tsakos Energy Navigation Ltd may expand their fleets after the recession sent ship costs to five-year lows last year. Prices for five-year-old very-large crude carriers, or VLCCs, dropped to $77.1 million on December 14, the lowest level since March 2004, according to price assessments compiled by the London-based Baltic Exchange.

Russia Energy Deals May Carry High Cost for Turkey

Παρ, 5 Φεβρουαρίου 2010 - 14:09

Deals that have strengthened energy ties between Turkey and Russia may boost Ankara’s much desired control over regional gas and oil transit, but at a cost to other foreign players in its downstream market.

Iraq Kurd Minister:In Nabucco Supply Talks With 3 Firms

Πεμ, 4 Φεβρουαρίου 2010 - 18:45

Iraq's Kurdistan Regional Government is in talks with three companies to supply natural gas to the Nabucco pipeline, the region's oil minister said Tuesday.

Bulgarian Parliament Ratifies Nabucco Pipeline Deal

Πεμ, 4 Φεβρουαρίου 2010 - 18:44

The Bulgarian parliament Wednesday ratified the European Union's Nabucco gas pipeline, which is designed to reduce Europe's reliance on Russian gas.

Ukraine's Naftogaz Says Paid Gazprom For January Gas

Πεμ, 4 Φεβρουαρίου 2010 - 18:44

Ukrainian national gas company Naftogaz said Thursday it paid for January deliveries of Russian natural gas from OAO Gazprom (GAZP.RS).

Argentina, Russia Looking To Cooperate On Nuclear Technology

Πεμ, 4 Φεβρουαρίου 2010 - 18:43

Argentine and Russian leaders on Wednesday pledged to share technical information related to the construction of nuclear power plants.

Novatek, Total To Develop Field In Russia's Yamal Region

Πεμ, 4 Φεβρουαρίου 2010 - 18:42

Russian natural gas producer Novatek (NVTK.RS) and French oil and gas company Total SA (TOT) have created a joint venture for exploration and development of the Termokarstovoye gas condensate field in the Yamal-Nenets Autonomous Region, Russia's Arctic region, Novatek said Thursday.