English Edition

Iran, Malaysia's Petronas In Caspian Development Talks

Τρι, 28 Ιουλίου 2009 - 17:52

A senior Iranian oil official said Iran will start exploration activities in block 6 of the Caspian Sea in one month and is in talks with Malaysia's Petroliam Nasional Berhad, or Petronas, to contract seismic operations in the Caspian, the oil ministry's official Shana news Web site reports Monday.

BP CEO: Cash Inflows, Outflows To Balance By Year

Τρι, 28 Ιουλίου 2009 - 17:51

BP PLC (BP) Chief Executive Tony Hayward said Tuesday he expects the firm's cash inflows and outflows to balance by the end of 2009.

Iran Oil Min: Price Of Turkmen Gas Imports Halved

Τρι, 28 Ιουλίου 2009 - 17:49

Iran's oil minister said Sunday the price for Iran's gas imports from Turkmenistan was reduced by half in the Islamic republic's recent gas negotiations with the Central Asian country, the oil ministry's official Shana news web site reports Sunday.

Kazmunaigas E&P 1H Crude Oil Output Down 3.8% On Year

Τρι, 28 Ιουλίου 2009 - 17:48

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production, or KMG EP, said Tuesday its first half-year oil production dropped 3.8% on the year to 5.67 million metric tons, or, 230,700 barrels per day.

EIB is prepared to help finance Nabucco pipeline

Τρι, 28 Ιουλίου 2009 - 11:31

The European Investment Bank (EIB)is ready to help finance the 7.9 billion euro Nabucco pipeline and to look closely at the concept of creating a single gas purchaser to ensure the project is viable, the EIB says.

Russian Oil Group Visits Venezuelan Oil Fields

Δευ, 27 Ιουλίου 2009 - 19:24

Company officials from a Russian oil consortium were to visit Venezuela's eastern oil-producing region Monday, an area where it plans to explore for extra-heavy crude.

Gazprom Neft May Buy 50% Stake In Tomskneft From Rosneft

Δευ, 27 Ιουλίου 2009 - 19:22

Russian oil major OAO Gazprom Neft (SIBN.RS) may become the sole owner of Tomskneft, if it exercises an option to buy a 50% stake in the oil producer from its larger peer OAO Rosneft (ROSN.RS) in 2011, a Gazprom Neft spokeswoman said Monday.

Turkmenistan Seeks Intl Arbitration In Azerbaijan Energy Dispute

Δευ, 27 Ιουλίου 2009 - 19:20

Turkmenistan is to pursue Azerbaijan in the international courts over three disputed oil and gas deposits in the Caspian Sea, Turkmen President Gurbanguly Berdymukhamedov said Friday, according to state television.

Algeria Opens 2nd Bid Round For Oil, Gas Exploration

Δευ, 27 Ιουλίου 2009 - 19:19

Algeria will launch Monday its second round of tenders for oil and gas exploration and production in 12 southern fields, the country's energy agency said.

Iraq To Hold Roadshow Aug 25 On 2nd Round Oil, Gas Deals

Δευ, 27 Ιουλίου 2009 - 19:17

Iraq's Oil Ministry will hold a roadshow in Istanbul next month to brief international companies on a list of oil and gas fields to be offered later this year in a second licensing round for long-term development contracts, a statement posted on the ministry's Web site Sunday said.

Iran Insists It Has No Plans To Build Nuclear Weapons

Δευ, 27 Ιουλίου 2009 - 19:16

Iran reiterated Monday it has no plans to build nuclear weapons, after U.S. Secretary of State Hillary Clinton warned Tehran that any pursuit of atomic arms was futile.

Brazil Vale, Italy's Eni Discover Gas In Offshore Block

Δευ, 27 Ιουλίου 2009 - 19:13

The Brazilian unit of Italy's Eni SpA (E) and mining company Vale (VALE) reported late Friday a natural gas discovery at an offshore block in the Santos Basin.

Russian Min Says May Ease Foreign Access To Resources

Παρ, 24 Ιουλίου 2009 - 18:58

Russia may review legislation restricting foreign access to its natural resources, as economic conditions have changed since the current laws were approved, the Interfax news agency reported Friday citing Natural Resources and Ecology Minister Yury Trutnev.