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Gazprom Neft Plans Offshore Oil Projects 2016-20

Gazprom Neft Plans Offshore Oil Projects 2016-20

Russian oil company Gazprom Neft (SIBN.RS) plans to launch a number of offshore oil projects in 2016-2020, the company said in a report Friday, Prime-Tass news agency reports.

3rd SEEED to Focus on Security of Energy Supply and the Role of Balkans as Key Energy Transit Corridor

3rd SEEED to Focus on Security of Energy Supply and the Role of Balkans as Key Energy Transit Corridor

This year’s South East Europe Energy Dialogue (SEEED, is being organized by the Institute of Energy for South East Europe (IENE) for the third consecutive year. The 3rd SEEED, which is being held at the Hyatt Regency Hotel in Thessaloniki is an unrivalled forum bringing together senior government officials, corporate leaders, financiers, academics and energy experts from Southeast Europe and beyond who will discuss the key energy and environmental issues of the current geopolitical agenda.

Gazprom Oct-March Gas Output Dn 12% On Year

Gazprom Oct-March Gas Output Dn 12% On Year

The natural gas output of Russia's OAO Gazprom (GAZP.RS) fell 12% on the year to 261.5 billion cubic meters in the period from October 2008 through March, the company said in a statement late Thursday, the Prime-Tass news agency reported.

Iran Candidate Ready For Nuclear Talks With World Pwrs

Iran Candidate Ready For Nuclear Talks With World Pwrs

Presidential candidate Mir Hossein Mousavi, a former premier, said Friday that he is prepared to hold talks with the international 5-plus-1 group over Iran's nuclear drive if elected.

195 Turkmenistan Gas Wells Closed On Pipeline Blast

195 Turkmenistan Gas Wells Closed On Pipeline Blast

Turkmenistan has been forced to halt gas production at 195 wells following an accident along a stretch of pipeline leading to Russia, RIA-Novosti news agency reports Friday, citing a Turkmen expert.

Enel Sells Gas Grid, Sets EUR8B Rights Issue Details

Enel Sells Gas Grid, Sets EUR8B Rights Issue Details

Enel SpA (ENEL.MI) said Friday it agreed to sell a majority stake in the Italian natural gas distribution network, a day after detailing its almost EUR8 billion capital increase, as part of the measures aimed at managing its towering debt pile.

EUs Barroso To Raise Russia-Ukraine Gas Row At Summit

EU's Barroso To Raise Russia-Ukraine Gas Row At Summit

European Commission chief Jose Manuel Barroso vowed Friday to raise Russia's gas price conflict with Ukraine with European Union leaders at a summit next month to try to avert a new energy crisis.

Italy PM To Seek EU Aid To Help Ukraine Pay For Russian

Italy PM To Seek EU Aid To Help Ukraine Pay For Russian

Italian Prime Minister Silvio Berlusconi will seek help for Ukraine to pay for Russian natural gas at the next European Union summit to prevent supplies to the E.U. being disrupted again, he said Thursday.

Rosneft Receives First $800M Tranche Of $15B Chinese Loan

Rosneft Receives First $800M Tranche Of $15B Chinese Loan

Russia's number one oil producer OAO Rosneft (ROSN.RS) Thursday said it has received the first $800 million tranche of a $15 billion loan the company was awarded by China Development Bank in February.

Romania PM Backs Nabucco, May Also Join South Stream

Romania PM Backs Nabucco, May Also Join South Stream

Romania supports the Nabucco gas pipeline project, but doesn't rule out participation in other European projects, such as South Stream, Prime Minister Emil Boc said Thursday, Mediafax news agency reports.

Major Gas Pipeline Explodes In Russia; Fire Out

Major Gas Pipeline Explodes In Russia; Fire Out

A major natural gas pipeline in central Russia exploded Thursday, the Emergencies Ministry said, the latest incident to expose the country's creaky energy infrastructure.

TPAO, Genel Enerji Sign Natural Gas Exploration Deal

TPAO, Genel Enerji Sign Natural Gas Exploration Deal

State-run Turkish Petroleum Corp. and Turkey-based oil explorer Genel Enerji have signed a deal with the Colombian government to explore for natural gas, the Ihlas News Agency, or IHA, reported Thursday.

Minister: Iran To Increase Oil Production

Minister: Iran To Increase Oil Production

Iran is taking measures, including an increase in its petroleum production, to counter recent U.S. threats to penalize companies supplying Iran with petroleum, Iran's government-controlled Press TV reports on its Web site Thursday.

Total Looks To End 1Q 2010 For Final Shtokman Decision

Total Looks To End 1Q 2010 For Final Shtokman Decision

French oil major Total SA (TOT) still hopes to make a final investment decision on taking part in developing Russia's giant Shtokman offshore gas field by the end of the first quarter 2010, a company executive said Wednesday.