English Edition

Gazprom Awarded Tender For Algerias El Assel Field

Gazprom Awarded Tender For Algeria's El Assel Field

Russia's OAO Gazprom (GAZP.RS) said Monday it has been awarded a tender to explore Algeria's El Assel field, which holds an estimated 30 million tons, or 220 million barrels, of oil.

Gazprom Neft 3Q Net Pft Up 67% On Prices, Refining

Gazprom Neft 3Q Net Pft Up 67% On Prices, Refining

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian gas monopoly OAO Gazprom (GAZP.RS), said Monday its third-quarter net profit increased 67% on year, propelled by the favorable price environment and growth in the refining segment.

Russia Official: Russia May Have Talks On OPEC Entry

Russia Official: Russia May Have Talks On OPEC Entry

Russia will likely discuss the possibility of entry into the Organization of Petroleum Exporting Countries during meetings with OPEC members this week in Oran, a Russian official said Tuesday.

RWE Exec Determined To Find Opportunities In Current Crisis

RWE Exec Determined To Find Opportunities In Current Crisis

RWE AG (RWE.XE) expects there will be plenty of growth opportunities in the European energy sector despite the current recessionary tendencies and hopes to find growth opportunities in the financial crisis.

Algeria Energy Min: Russia To Attend OPEC Meeting

Algeria Energy Min: Russia To Attend OPEC Meeting

Russia, Azerbaijan, Syria and Oman, none of them members of OPEC, will attend a key meeting of the oil cartel in Algeria on Wednesday, Algerian Energy Minister Chakib Khelil announced Saturday.

Russia-Ukraine Gas Spat Wont Affect Hungary, Europe

Russia-Ukraine Gas Spat Won't Affect Hungary, Europe

A debate between Russia and Ukraine about Russian gas imports to Ukraine won't affect Russian gas supply to Hungary and elsewhere in Europe, Russian gas giant OAO Gazprom (GAZP.RS) told Hungarian national daily Nepszabadsag over the weekend.

Iran OPEC Head:OPEC To Remove Excess Oil To Balance Mkt

Iran OPEC Head:OPEC To Remove Excess Oil To Balance Mkt

The Organization of Petroleum Exporting Countries will try to achieve "desirable" crude oil prices and balance the market by removing excess oil supplies, Iran's OPEC governor said, the oil ministry's official Shana news Web site reports Saturday.

Iran OPEC Gov:OPEC Must Cut Output By Up To 2 Mln B/D

Iran OPEC Gov:OPEC Must Cut Output By Up To 2 Mln B/D

The organization of Petroleum exporting Countries must reduce its output by up to two million barrels a day during its Oran meeting this week in order to prevent a further buildup in stockpiles, Iran's Hamshahri newspaper reports Monday, quoting the country's Opec governor.

Gazprom Wants To Triple Market Share In France

Gazprom Wants To Triple Market Share In France

Russian natural gas giant Gazprom OAO (GAZP.RS) aims to triple its market share in France over the next three to five years, French business daily La Tribune reports Monday.

Gazprom Sees 30% Drop In Europe Revenue In 2009

Gazprom Sees 30% Drop In Europe Revenue In 2009

Russia's OAO Gazprom (GAZP.RS) expects revenue from European gas sales to fall at least 30% in 2009, the Vedomosti business daily reported Monday, citing an unnamed manager at the state-owned monopoly.

No Deal With Respol As Yet

No Deal With Respol As Yet

Russia's No. 2 oil producer OAO Lukoil Holdings (LKOH.RS) has no deal to buy a stake in Spain's Repsol YPF S.A. (REP), Chief Executive Vagit Alekperov said Monday.

Bulgargaz Requested Natural Gas Prices up by 21% from January 1, 2009

Bulgargaz Requested Natural Gas Prices up by 21% from January 1, 2009

Bulgaria's gas monopoly Bulgargaz wants a 21,31% increase in the natural gas prices in Bulgaria starting January 1, 2009. The company, which is already part of the Bulgarian Energy Holding, submitted Wednesday its suggestion for the new gas prices to the State Commission for Energy and Water Regulation (DKEVR).

Lukoil profits

Lukoil profits

OAO Lukoil said third-quarter profit advanced 40 percent as Russia’s largest non-state oil producer benefited from hedging after crude prices fell from a July record. Net income rose to $3.47 billion, or $4.09 a share, from $2.48 billion, or $3 a share, in the same period last year, the Moscow-based company said yesterday in a statement.

EDP, Petrobras Reach Agreement On Energy Generation

EDP, Petrobras Reach Agreement On Energy Generation

EDP Energias de Portugal SA (EDP.LB) and Brazil's state-run oil firm Petroleo Brasileiros SA (PBR) have reached an agreement on energy generation, business daily Diario Economico reports Friday, citing Miguel Setas, director of EDP's Brazil unit Energias do Brasil.