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BP to Pay Devon $7 Billion for Oil Fields

Πεμ, 11 Μαρτίου 2010 - 16:38

London-based oil major BP has agreed to buy Brazilian, Azeri and Gulf of Mexico assets from Devon Energy for $7 billion, as the U.S. producer refocuses on onshore U.S. fields. The companies said on Thursday that BP has also agreed to sell Devon a 50 percent stake in its Kirby oil sands interests in Alberta, Canada, for $500 million and that the two companies would form a venture to develop Kirby.

Commissioner Oettinger Welcomes Agreement on Acceleration of Gas Interconnector Between Bulgaria and Serbia.

Τετ, 10 Μαρτίου 2010 - 18:26

Today, the Minister for Economy, Energy and Tourism of the Republic of Bulgaria, Traycho Traykov, and the Minister of Mining and Energy of the Republic of Serbia, Petar Škundrić, signed in the presence of Director-General of DG Energy, Philip Lowe, a joint statement paving the way for the planned gas interconnector project between Bulgaria and Serbia.

Qatar Eyes Natural Gas Plant

Τετ, 10 Μαρτίου 2010 - 18:10

The State of Qatar is interested in investing in a 5- to 6-billion-euro liquefied natural gas plant to be built at Astakos in central Greece, according to the General Secretariat of Communications. State Minister Haris Paboukis contacted Qatar’s Deputy Prime Minister Abdullah bin Hamad Al-Attiyah over the deal and the two governments agreed to support the project, the secretariat said

Pipeline Engineers Find Historic Shipwrecks in Baltic Sea

Τετ, 10 Μαρτίου 2010 - 16:13

Engineers surveying the Baltic Sea for a pipeline project have discovered several historic shipwrecks on the seabed, including an ancient Viking longboat and several ships from the 16th to 18th centuries.

West worries about Russia turning to coal

Τετ, 10 Μαρτίου 2010 - 16:08

European efforts to reduce greenhouse emissions could be undermined by Russian plans to dramatically increase energy production from coal, Western experts said in Brussels yesterday (9 March).

Greek Crisis Is Over, Rest of Region Safe, Prodi Says

Τετ, 10 Μαρτίου 2010 - 16:06

The worst of Greece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi.

Gazprom Neft posts 35% US GAAP net profit plunge in 2009

Τετ, 10 Μαρτίου 2010 - 15:59

Gazprom Neft, the oil producing arm of Russian energy giant Gazprom, said on Wednesday its U.S. GAAP net profit decreased 35% year-on-year in 2009 to $3.01 billion. Gazprom Neft's net profit decline was worse than the profit forecast of analysts who expected net profit to fall 29.4% to $3.3 billion.

IMFs Strauss-Kahn Defends Plan For $100 Bln Green Fund

Τρι, 9 Μαρτίου 2010 - 18:53

The head of the International Monetary Fund on Tuesday defended plans to create a $100 billion fund to help countries mitigate the effects of climate change. "The problem of climate change itself isn't really in the mandate of the IMF," Dominique Strauss-Kahn told a group of students in South Africa's economic hub Johannesburg.

Iran Can Deter Attacks On Nuclear Sites - Minister

Τρι, 9 Μαρτίου 2010 - 18:53

Iran has "great means of deterrence" to face any possible attack over its nuclear program, the country's Interior Minister Mostafa Mohammad Najjar warned Tuesday. "We are highly confident about our capacities, and our great means of deterrence," he said during a visit to Doha, where he signed a security agreement between Iran and Qatar--a major regional U.S. ally.

Gazprom In Talks With Tullow On Namibia's Gas Field –Sources

Τρι, 9 Μαρτίου 2010 - 18:52

In what may be its first move into southern Africa, Russian natural gas monopoly OAO Gazprom (GAZP.RS) is in talks with Anglo-Irish independent oil and gas company Tullow Oil PLC (TLW.LN) to enter the Kudu gas field that lies offshore Namibia, people familiar with the matter told Dow Jones Newswires Tuesday.

Chevron: Production To Grow 1% Per Year Through 2014

Τρι, 9 Μαρτίου 2010 - 18:52

Chevron Corp. (CVX) said Tuesday its production would grow about 1% through 2014 and 4% to 5% from 2014 to 2017. In prepared statements released before the Chevron's analyst meeting, the San Ramon Calf.-based company also said it expects production will grow about 3% after 2017.

Saudi Aramco: Much Of $90 Bln Going To Gas Projects

Τρι, 9 Μαρτίου 2010 - 18:51

The development and deployment of viable alternatives to fossil fuels "does remain an open question," Saudi Aramco Chief Executive Khalid Al-Falih said Tuesday. Speaking at an IHS CERA conference in Houston, Al-Falih said that oil still underpins the global economy and is likely to remain at the core of the world's energy needs in the future.