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CNPC To Supply Bulk Of Equipment For Iraq Rumaila Field – BP

Τρι, 17 Νοεμβρίου 2009 - 18:54

China National Petroleum Corp. will supply the bulk of equipment for the $15 billion redevelopment of the Rumaila field in Iraq, an executive at its partner, BP PLC (BP), said Tuesday. "CNPC will deliver pipes, rigs, valves and other equipment for the Rumaila redevelopment at highly competitive rates, Jean-Baptists Renard, BP's head of the Europe and Southern Africa regions, said at the World NOC Downstream conference in London

Interview - IEA Tanaka: China, US Likely To Agree On CO2 Cuts

Τρι, 17 Νοεμβρίου 2009 - 18:47

Although the Copenhagen climate talks next month may not yield a consensus on reducing greenhouse gas emissions, it is "only a matter of time" before the U.S. and China--the world's two largest polluters--commit to targets, International Energy Agency Executive Director Nobuo Tanaka said Tuesday. Committing to targets is essential for energy security and economic growth in both countries, Tanaka told Dow Jones Newswires

Petrobras, Sonangol Find Oil Field In Angola

Τρι, 17 Νοεμβρίου 2009 - 18:41

Brazilian state-run energy company Petroleo Brasileiro SA and Angola's national oil company Sonangol have found a new oil field off the coast of Angola, Angola's state-run Angop news agency said on Tuesday. According to Angop, the new oil well was discovered at Block 18/06, in deep waters 200 kilometres north of Luanda. Drilled under 1,500 meters of water, the Magnesium-01 well showed the existence of "petroleum of excellent quality" under 82 meters in sand at a site called Miocene Epoch, Angop said

IAEA Inspects Nuclear Research Reactor In Syria

Τρι, 17 Νοεμβρίου 2009 - 18:35

The United Nations atomic watchdog said Tuesday it was inspecting a nuclear research reactor in Damascus because it had doubts about Syria's explanation as to how traces of uranium got there. In its latest report on Syria, circulated to member states on Monday, the International Atomic Energy Agency said that it found Damascus's initial explanation unconvincing. It therefore decided to carry out a new inspection of the reactor on Tuesday to check Syria's explanations, according to the restricted report, a copy of which was obtained by AFP

IHS CERA: Oil Supply To Grow Through 2030, Then Struggle

Τρι, 17 Νοεμβρίου 2009 - 18:33

Global oil capacity will grow over the next 20 years but after that supply may not meet demand, according to a study released Tuesday by IHS Cambridge Energy Research Associates. Capacity could grow as much as 115 million barrels a day, or 25% over current levels, according to study of more than 100,000 projects worldwide

Eni: South Stream Gas Pipeline Financing To Be Complex

Τρι, 17 Νοεμβρίου 2009 - 18:25

Eni SpA Chief Executive Paolo Scaroni said Tuesday the negotiations on financing the multibillion-euro natural gas South Stream pipeline will be "somewhat complex." South Stream will have about 27 banks involved in the financing, said Scaroni, speaking on the sidelines of a parliamentary hearing in Rome

Turks Await Iran Response on the Storing of Uranium

Τρι, 17 Νοεμβρίου 2009 - 15:56

Turkey is awaiting Iran’s response to an offer to store Tehran’s enriched uranium stockpile, but the proposal faces opposition in the Islamic Republic, Turkey’s foreign minister was quoted as saying yesterday.

Transneft Scales Back Politically Sensitive Baltic Pipeline

Δευ, 16 Νοεμβρίου 2009 - 19:10

Russian oil pipeline operator OAO Transneft (TRNFP.RS) is scaling back by 24% the capacity of a politically sensitive pipeline project as the country's oil production plateaus and amid high oil-transport fees.

Russia, EU Sign Energy Early Warning Pact

Δευ, 16 Νοεμβρίου 2009 - 19:08

Russia and the EU Monday signed an energy early warning agreement they said would help avert sudden disruption of supply during growing unease in Europe over possible cuts in gas supplies this winter.

Energy Min: Russia May Modernize Ukraine Gas Pipelines

Δευ, 16 Νοεμβρίου 2009 - 19:05

A new natural gas agreement being negotiated by Russia and Ukraine envisions Moscow's participation in the reconstruction of Ukraine's pipeline network, Energy Minister Sergei Shmatko said Monday, the RIA Novosti news service reports.

Russia Says Launch Of Iran Nuclear Plant Delayed

Δευ, 16 Νοεμβρίου 2009 - 19:04

A nuclear power plant that Russia is building in Iran won't start operations by the end of 2009 as previously announced, Energy Minister Sergei Shmatko was quoted as saying by news agencies Monday.

Russia May Become Singapore's Exclusive LNG Supplier

Δευ, 16 Νοεμβρίου 2009 - 19:03

Russian gas giant OAO Gazprom (GAZP.RS) may become the exclusive supplier of liquefied natural gas to Singapore once the country's current deal expires with Centrica PLC's (CNA.LN) British Gas, RIA Novosti reports Monday, citing the head of resources company Keppel Corp. (BN4.SG).

Min Says Turkey Plans 2nd Nuclear Tender In 3-4 Months

Δευ, 16 Νοεμβρίου 2009 - 19:01

Turkey plans to issue the second nuclear tender to build and operate a nuclear power station in Turkey in three to four months, Turkish Energy Minister Taner Yildiz said Monday, the Ihlas News Agency, or IHA, reported.

Bulgaria, Azerbaijan to Share in Project for Trans-Black Sea Compressed Natural Gas Transport

Δευ, 16 Νοεμβρίου 2009 - 14:53

Bulgaria and Azerbaijan will participate in a project for transportation of Azeri compressed natural gas to Bulgaria via Georgia and across the Black Sea. This provided for by a Memorandum of Energy Cooperation between Bulgaria's Economy, Energy and Tourism Ministry and Azerbaijan's Industry and Energy Ministry and a Memorandum of Cooperation between Bulgaria's state-owned Bulgartransgaz and the State Oil Company of the Azerbaijani Republic (SOCAR), signed here Friday during a one-day working visit to Sofia by Azerbaijan's President Ilham Aliyev.

Talks Start On Nabucco Gas Project For EUR1.5B Loan

Παρ, 13 Νοεμβρίου 2009 - 15:27

The parties of the Nabucco natural gas pipeline project have started negotiations with two European top lenders to borrow almost EUR1.5 billion for the project's construction, news agency Mediafax reports, citing officials from Romanian state-run gas pipeline operator Transgaz (TGN.RO).

Turkey Minister: Nuclear Plant Regulation May Change

Παρ, 13 Νοεμβρίου 2009 - 15:26

Turkey plans to change nuclear plant regulation instead of appealing a court's decision that suspended some articles in the regulation, Turkish Energy Minister Taner Yildiz said Friday, the Ihlas News Agency, or IHA, reports.