English Edition

Edison Wins Egypt Abu Qir Gas Field Tender In $3.1B Deal

Τρι, 2 Δεκεμβρίου 2008 - 18:13

Edison SpA (EDN.MI), one of Italy's largest energy companies, said Tuesday it won the tender for Egypt's Abu Qir natural gas field in a deal worth $3.1 billion, allowing it to reach its gas supply targets.

Turkmenistan Signals Openness To New Gas Export Routes

Δευ, 1 Δεκεμβρίου 2008 - 18:48

Energy-rich Turkmenistan hopes to find new export routes for its natural gas, its president said Friday, in a sign that the central Asian country may be seeking to lower its dependence on Russia.

German Foreign Min Urges West To Engage With Russia

Δευ, 1 Δεκεμβρίου 2008 - 18:46

The West should seek to influence Russia through engagement rather than trying to contain or punish Moscow, Germany's foreign minister said in an interview published Monday.

Russia's Gazprom Warns Ukraine To Clear Gas Debts

Δευ, 1 Δεκεμβρίου 2008 - 18:44

Russian energy giant Gazprom (GAZP.RS) said Sunday that Ukraine had paid only part of its huge gas debt and threatened Kiev with a more than double price hike unless all arrears were cleared this year.

Turkey Ctrl Bk: Lower Oil, Commodity Prices To Slow CPI

Δευ, 1 Δεκεμβρίου 2008 - 18:42

The Turkish Central Bank said Monday that sharp falls in oil and commodity prices will cause inflation to slow in the upcoming period, the Ihlas News Agency, or IHA, reported.

Qatar Oil Min: No Plans To Suspend Hydrocarbon Projects

Δευ, 1 Δεκεμβρίου 2008 - 18:31

Qatar's oil minister said Saturday his country is moving ahead with hydrocarbon projects despite what he called a "very strong crisis" in the oil market.

Russia, Greece Agree To Speed Up Joint Energy Projs

Δευ, 1 Δεκεμβρίου 2008 - 18:30

Russia and Greece have agreed to speed up implementation of the Burgas-Alexandrupolis and South Stream projects, Greek Development Minister Christos Folias said Friday following a meeting with Russian Deputy Energy Minister Anatoly Yanovksy, news agency Prime-Tass reported Friday.

Galp Finalizes Buy Of ExxonMobil Opers In Portugal, Spain

Δευ, 1 Δεκεμβρίου 2008 - 18:27

Portuguese oil and gas company Galp Energia SGPS SA (GALP.LB) said Monday it has finalized the acquisition of oil product assets from ExxonMobil Corp. (XOM) in Portugal and Spain.

Rosneft 3Q GAAP Net Pft Up 80% On Prices, Refining Volumes

Δευ, 1 Δεκεμβρίου 2008 - 17:14

Russia's biggest oil producer OAO Rosneft (ROSN.RS) Monday said third-quarter net profit rose 80% on the year, helped by high crude prices and an increase in refining volumes.

BP:In Talks To Sell CPC Oil Pipe Stake To Lukoil, KazMunaiGas

Παρ, 28 Νοεμβρίου 2008 - 17:56

A BP PLC (BP) spokesman said Friday the company is in talks to sell its stake in the Caspian Pipeline Consortium to Russian oil company Lukoil Holdings (LKOH.RS) or state-owned Kazakh energy company KazMunaiGas.

Iraq Govt, Kurdistan Agree To Turkey Oil Exports

Παρ, 28 Νοεμβρίου 2008 - 17:54

Iraq has settled a disagreement with Kurdistan on exporting Kurdish oil to Turkey, Reuters reported Thursday, citing an Iraqi oil ministry spokesman.

Iran Oil Min: OPEC May Decide Oil Output Cut In December

Παρ, 28 Νοεμβρίου 2008 - 17:53

OPEC will assess oil-market conditions when it meets Saturday in Cairo, but the group may delay a final decision on whether to further reduce oil output until it meets again next month in Algeria, Iranian oil minister Gholam Hossein Nozari said Friday.