Latvia Wants Better Terms Russia's Gazprom Παρ, 29 Ιανουαρίου 2010 - 19:28 Recession-hit Latvia wants to renegotiate a gas-supply contract with Russian energy company OAO Gazprom (GAZP.RS) because it is paying too high a price, the Baltic state's economy ministry said Friday.
Kazakhstan Wants Top-level OSCE Summit Παρ, 29 Ιανουαρίου 2010 - 19:27 Kazakh President Nursultan Nazarbayev called Friday for a rare summit of Organization for Security and Co-operation in Europe heads of state to be held this year in Astana, nearly 11 years after the previous such high-level gathering.
Hungary, Russia Found Gas Pipeline South Stream Project Παρ, 29 Ιανουαρίου 2010 - 19:27 Hungary and Russia founded a joint venture for the preparatory work of the South Stream natural gas pipeline, Hungary Finance Minister Peter Oszko said Friday.
Russia Raises Oil Export Duty To $270.7/Ton from Feb 1 Παρ, 29 Ιανουαρίου 2010 - 19:27 Russia has raised oil export duty to $270.7 a metric ton from Feb. 1 from the current $267/ton, according documents published by Russia's official Rossiyskaya Gazeta newspaper Friday.
Shell's Sakhalin JV Paid $1.4B In Dividend To Russian State Παρ, 29 Ιανουαρίου 2010 - 19:26 Sakhalin Energy, a joint venture with gas giant OAO Gazprom (GAZP.RS) and oil major Royal Dutch Shell PLC (RDSA) as principle shareholders, paid $1.352 billion in dividends to the Russian state, the Vedomosti daily reports Friday, citing an unpublished financial report from the company.
Gas pipeline Παρ, 29 Ιανουαρίου 2010 - 16:49 The Nabucco gas pipeline will not be built if an open season bidding process for capacity this year shows demand is too low, an executive of Austria’s OMV said yesterday, adding that demand looked strong.
EU watchdog looks into PPC subsidy allegations Παρ, 29 Ιανουαρίου 2010 - 16:48 Europe’s competition watchdog is investigating whether Greece’s state-owned power utility illegally subsidized smelter Aluminium of Greece by selling it electricity at below-market prices. The European Commission said yesterday that Public Power Corporation (PPC) might have undercharged by 17.4 million euros ($24.5 million)
Kogas: To Invest About $1.05B In Badra Oil Field Over 20 Years Πεμ, 28 Ιανουαρίου 2010 - 17:53 State-run Korea Gas Corp. (036460.SE), or Kogas, said Thursday it plans to invest close to $1.05 billion in the development of the Badra oil field in Iraq over 20 years starting this year.
Gazprom, Poland In Gas Pipeline Deal Over Transit Fees Πεμ, 28 Ιανουαρίου 2010 - 17:49 Russia's OAO Gazprom (GAZP.RS) won't have to pay overdue transit fees it owes to a Poland-based pipeline operator in an arrangement that is part of a new Polish-Russian gas deal, daily Rzeczpospolita reports Thursday, citing unofficial sources.
Russia's TNK-BP Prices $1B Two-Tranche Bond Offer Πεμ, 28 Ιανουαρίου 2010 - 17:49 Russian oil producer TNK-BP Holding (TNBP.RS), part-owned by U.K. oil major BP PLC (BP), raised $1 billion through a two-part bond offering Wednesday, according to a person close to the transaction.
Russia Min:Rosneft, Gazprom Need Foreigners To Develop Arctic Πεμ, 28 Ιανουαρίου 2010 - 17:48 Russia's Natural Resources Minister Yuri Trutnev proposes easing laws restricting foreign participation in offshore energy projects and says state energy firms OAO Gazprom (GAZP.RS) and OAO Rosneft (ROSN.RS) need foreign capital, the Vedomosti daily reports Thursday.
Alstom CEO: Working With EDF Can Help Win Nuclear Contracts Πεμ, 28 Ιανουαρίου 2010 - 17:48 French industrial group Alstom SA's (ALO.FR) Chief Executive Patrick Kron Thursday said working with Electricite de France SA (EDF.FR) can give an important advantage in winning contracts abroad for France's nuclear industry.
GDF Suez Cirelli: No Date Yet To Finalize Areva Partnership Πεμ, 28 Ιανουαρίου 2010 - 17:47 French utility GDF Suez SA's (GSZ.FR) deputy Chief Executive Jean-Francois Cirelli Thursday said no date yet has been set to finalize a planned strategic partnership with French state-controlled nuclear group Areva SA (CEI.FR.)
Gazprom-led Group Finalizes Iraq Badra Oil Field Deal Πεμ, 28 Ιανουαρίου 2010 - 16:24 A consortium led by Russia's OAO Gazprom (GAZP.RS) Thursday finalized a deal in Baghdad to develop the Badra oil field in eastern Iraq, Iraqi officials said.
Areva, GDF Suez Confirm In Talks Over Strategic Partnership Τετ, 27 Ιανουαρίου 2010 - 17:56 French utility GDF Suez (GSZ.FR) and French state-controlled nuclear group Areva (CEI.FR) have been discussing for months over a strategic partnership, the two companies said Tuesday.
Uganda: To Decide On Tullow Oil Preemption Next Week Τετ, 27 Ιανουαρίου 2010 - 17:56 The Ugandan government will reach a decision next week on whether to back Italy-based Eni SpA's (E) proposed $1.5 billion takeover of the interests of the London-listed Heritage Oil PLC (HOIL.LN) in two exploration blocks, or allow pre-emption of the sale by the U.K.-based Tullow Oil PLC (TLW.LN), state house said late Tuesday.