English Edition

Statoil Hydro Finds Gas In Norwegian Sea

Παρ, 12 Σεπτεμβρίου 2008 - 12:18

StatoilHydro Petroleum AS said Friday it is now concluding the drilling of wildcat well 6407/7-8.

Armenian Power

Πεμ, 11 Σεπτεμβρίου 2008 - 13:20

Armenia has signed a deal to supply electricity to Turkey, Energy Minister Armen Movsisian said yesterday, in the first tangible sign of a thaw in relations since an historic weekend visit by the Turkish president. Movsisian told reporters that the deal will see electricity from Armenian thermal power plants supplied to eastern Turkey from the beginning of 2009.

China Studying Third West-East Gas Pipeline

Πεμ, 11 Σεπτεμβρίου 2008 - 11:46

China might build a third west-east gas pipeline in a bid to meet strong demand along its economically vibrant eastern seaboard, state media reported Thursday.

Azerbaijan OKs Oil Shipments By Rail From Tengiz Field

Πεμ, 11 Σεπτεμβρίου 2008 - 11:44

The Chevron Corp. (CVX) joint venture TengizChevrOil operating the giant Tengiz oil field in Kazakhstan has agreed with Azerbaijan's state oil company Socar to ship oil by rail through Azerbaijan and Georgia, a source at Socar said.

Iran Seeks To Be Alternative Route For Caspian Oil

Πεμ, 11 Σεπτεμβρίου 2008 - 11:42

Iran is seeking to boost its role as a Central Asian oil hub after a competing route through Georgia suffered disruptions last month, a top Iranian oil official said Tuesday.

E.ON CEO: Higher Chance Of Nabucco Pipe Success If Iran Link

Πεμ, 11 Σεπτεμβρίου 2008 - 11:40

The proposed Nabucco natural gas pipeline would have a "higher" possibility of success if a link to hydrocarbon-rich Iran is included, E.ON's (EOAN.XE) Chief Executive Wulf Bernotat said Wednesday.

Iran Bandar Abbas Refinery Fully Operational After Earthquake

Πεμ, 11 Σεπτεμβρίου 2008 - 11:38

Iran's 320,000-barrel-a-day refinery in the southern port city of Bandar Abbas is fully operational after a 6.1 magnitude earthquake hit 35 miles outside of the city, the refinery's head of public relations said Wednesday.

Oil Finds By Galp, Petrobras Off Portugal Likely

Πεμ, 11 Σεπτεμβρίου 2008 - 11:37

A consortium of Portuguese oil firm Galp Energia SGPS (GALP.LB), Brazil's state-oil firm Petroleo Brasileiro SA (PBR) and Partex is likely to hit oil off the coast of Lisbon, the Diario Economico newspaper reports Thursday.

IEA Head: Hope Saudi Will Continue Current Output Levels

Πεμ, 11 Σεπτεμβρίου 2008 - 11:35

The International Energy Agency hopes Saudi Arabia will maintain its current oil output level, Executive Director Nobuo Tanaka said Thursday.

Czech Crude Oil Reserve To Rise 19% To Hold 110 Days Of Oil

Πεμ, 11 Σεπτεμβρίου 2008 - 11:34

The Czech Republic is increasing the capacity of its strategic crude oil reserve facilities by 19% to hold 1.55 million cubic meters of oil, or enough to last 110 days, the Administration of State Material Reserves, or SSHR, said.

PPC says spin-offs necessary for future

Τετ, 10 Σεπτεμβρίου 2008 - 15:38

Greece’s largest electricity utility, Public Power Corporation (PPC), needs to split its operations into separate production and distribution units soon in an effort to return to profitability. “The restructuring of PPC is fundamental to boosting efficiency and competitiveness and is absolutely necessary to secure PPC’s viability,” the company said in a statement.

Serbia Oil Monopoly NIS Valued At EUR2.2 Mln By Deloitte

Τετ, 10 Σεπτεμβρίου 2008 - 15:36

Serbia's oil monopoly NIS, set to be sold to Russian giant Gazprom (GAZP.RS), is worth EUR2.2 billion, a global consulting firm estimated in a report published Saturday. "Based on our research, examination and analysis we estimate that fair market value of 100% of capital of the Oil Industry of Serbia (NIS)... is EUR2.2 billion," consultants Deloitte said in the report published on the Serbian government Web site.

Turkish Min: We Will Realize Nabucco Project

Τετ, 10 Σεπτεμβρίου 2008 - 12:29

Turkish Energy Minister Hilmi Guler said Tuesday that his country will definitely realize Nabucco Project, the Ihlas News Agency, or IHA, reported.