English Edition

EU Trio Targets Tougher List Of Iran Sanctions

Πεμ, 26 Φεβρουαρίου 2009 - 17:42

France, Germany and the U.K. - the so-called E.U.3 - are proposing a tough list of additional sanctions to be imposed against Iran in order to give the Obama administration more muscle in its expected engagement of the Islamic republic, The Financial Times reports Thursday.

Ramco Energy Signs Joint Venture With Iraqi Drilling Co

Πεμ, 26 Φεβρουαρίου 2009 - 17:40

Ramco Energy, the Aberdeen-based energy investment company, said Thursday that the joint venture between the state owned, Iraqi Drilling Company (IDC) and Ramco's associated company Mesopotamia Petroleum Company (MPC) has been signed by MPC, IDC and the Iraqi Ministry of Oil Thursday in Baghdad.

Gazprom Warns Of March Gas Cut If Ukraine Debt Unpaid

Πεμ, 26 Φεβρουαρίου 2009 - 17:39

Russian energy giant Gazprom (GAZP.RS) has warned it will again cut off gas to Ukraine on March 8 if the country does not pay back $400 million of new debts, a newspaper report said Thursday.

EU Keeps Its Distance From New Russia-Ukraine Gas Spat

Πεμ, 26 Φεβρουαρίου 2009 - 17:37

The European Commission Thursday steered clear of intervening in a new natural gas payments row between Russia and Ukraine, calling it a bilateral issue.

KazMunaiGas Expects Significant Fall In 4Q Earnings

Πεμ, 26 Φεβρουαρίου 2009 - 17:36

Kazakhstan's London-listed oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ) expects its fourth quarter earnings to have fallen "significantly" from the previous quarter due to falling oil prices, the company said Wednesday without giving any figures.

RWE Posts Net Loss In German Retail Pwr Customers In 2008

Πεμ, 26 Φεβρουαρίου 2009 - 17:34

Norway's oil major StatoilHydro ASA (STO) and renewable energy generator Statkraft, U.K. utility Scottish and Southern Energy PLC (SSE.LN) and German utility RWE AG (RWE.XE) have formed a consortium to bid for U.K. offshore wind licenses, the companies said Thursday.

Gazprom May Revise 2009 Spending Program After 1Q

Τετ, 25 Φεβρουαρίου 2009 - 16:32

Russia's OAO Gazprom (GAZP.RS) may revise its capital investment program for 2009 after the first quarter, a spokesman said Wednesday following reports in Russian media that the company is considering cutting capital expenditure by 200 billion rubles ($5.6 billion).

Total, Gazprom Confirm Interest In Trans-Sahara Gas Pipeline

Τετ, 25 Φεβρουαρίου 2009 - 16:31

Officials from French energy major Total SA (TOT) and Russian gas giant OAO Gazprom (GAZP.RS) both confirmed interest in the proposed $12-billion Trans-Sahara Gas Pipeline Wednesday.

Iran Says Nuclear Plant Tests To Last Up To 7 Mos

Τετ, 25 Φεβρουαρίου 2009 - 16:30

The head of Iran's Atomic Energy Organization said Wednesday that its first nuclear power plant will undergo tests for up to seven months before becoming operational.

TNK-BP Mulls Oil, Gas Projects In Middle East

Τετ, 25 Φεβρουαρίου 2009 - 16:29

Anglo-Russian oil joint venture TNK-BP Holding (TNBP.RS) is studying opportunities for developing prospective oil and gas projects in the Middle East, including Iraq, Yemen and Jordan, according to a Siberian radio news report that TNK-BP published on its own Web site.

38 Foreign Cos Line Up For 2nd Iraq Oil Bid Round

Τετ, 25 Φεβρουαρίου 2009 - 16:27

Thirty-eight international oil companies registered at the Iraqi oil ministry to bid for the 11 groups of oil and gas fields put up for a second bidding round by Iraq at the end of last year, a senior Iraqi oil official said Tuesday.

Repsol May Bid For Contract At Up To 19 Iraq Fields

Τετ, 25 Φεβρουαρίου 2009 - 16:09

Spanish oil company Repsol YPF SA (REP) could bid for engineering and construction contracts at as many as 19 oil fields in Iraq, Cinco Dias reports Wednesday, citing company sources.

Turkey's Petrol Ofisi 08 Net Profit Dn 66% At TRY105.5M

Τετ, 25 Φεβρουαρίου 2009 - 16:08

Turkish fuel and oil products retailer Petrol Ofisi AS (PTOFS.IS), or POAS, said Tuesday its net profit fell 66% on the year, Ihlas news agency, or IHA, reported.

Hungary Parliament To Vote In Spring On Nuclear Expansion

Τετ, 25 Φεβρουαρίου 2009 - 16:06

The Hungarian government plans to submit a proposal to parliament in the spring on a minimum two-fold capacity expansion of the country's only nuclear power plan Paksi Atomeromu Zrt., Energy and Transport Minister Csaba Molnar said Wednesday.

Lukoil Cuts Overseas Capex By 20% In 2009

Τρι, 24 Φεβρουαρίου 2009 - 13:13

Russian oil producer OAO Lukoil Holdings (LKOH.RS) plans to reduce capital investments by at least 20% this year, but says it won't affect production volumes, the Interfax news agency reported Tuesday citing Andrei Kuzyaev, head of the company's overseas operations.

BP: N Sea Oil, Gas Ops Unsustainable At Current Price, Cost

Τρι, 24 Φεβρουαρίου 2009 - 13:10

BP PLC's (BP) oil and gas production business in the U.K. North Sea is unsustainable at current low oil prices and high costs, a spokeswoman for the company said Tuesday.