BP Confirms Baku-Ceyhan Pipe Shut Down But Exports Continue Τετ, 6 Αυγούστου 2008 - 12:54 BP PLC (BP) said Wednesday that the Baku-Tbilisi-Ceyhan, or BTC, oil pipeline it operates was shut down after a fire in Turkey but that exports continued.
Pipeline Fire In Turkey Halts Oil Flow Through BTC Τετ, 6 Αυγούστου 2008 - 12:51 Oil flow through the Baku-Tbilisi-Ceyhan pipeline was cut Wednesday after an explosion sparked a fire in a section in eastern Turkey, local officials told Anatolia news agency.
Iran Promises Response After Clarification Τετ, 6 Αυγούστου 2008 - 12:49 Iran promised in a letter Tuesday to respond to an offer from six world powers related to Tehran's nuclear program after receiving some clarifications about the proposals, a European Union source said Tuesday.
IAEA Number Two To Visit Iran Thursday Τετ, 6 Αυγούστου 2008 - 12:46 The U.N. atomic watchdog's deputy director general, Olli Heinonen, will visit Tehran Thursday to discuss Iran's suspect nuclear program, an International Atomic Energy Agency spokesman told AFP.
E.ON Ruhrgas Remains Optimistic About Gazprom Gas Field Talks Τετ, 6 Αυγούστου 2008 - 12:44 E.ON Ruhrgas AG Tuesday said it is optimistic it can strike a deal with Russian natural gas monopoly OAO Gazprom (GAZP.RS) over an asset swap that would grant the German company access to one of the world's largest gas fields.
Gazprom, Belarus Settle Supply, Transit Issues For 08 Τετ, 6 Αυγούστου 2008 - 12:42 Russian natural gas giant OAO Gazprom (GAZP.RS) has settled all outstanding questions with Belarus' gas pipeline monopoly Beltransgaz regarding supplies of natural gas and transit to Europe for 2008, Gazprom said Tuesday in a statement.
OMV 2Q Net Pft +66%; Cancels MOL Merger Plan Τετ, 6 Αυγούστου 2008 - 12:39 The share price of Austrian oil and gas company OMV AG (OMV.VI) surged in early trade Wednesday, after the company posted second-quarter earnings comfortably above analysts' estimates and announced it has given up its year-long takeover pursuit of Hungarian peer MOL Nyrt. (MOL.BU).
TNK-BP Paid $490M For BP Secondees From 2003 To 2008 Τετ, 6 Αυγούστου 2008 - 12:30 Anglo-Russian oil joint venture TNK-BP paid $489.6 million to its British shareholder BP PLC (BP) for the work of BP employees from 2003 to 2008, the Vedomosti daily reported Wednesday, citing a Russian court ruling.
Inflation stays put in July Τρι, 5 Αυγούστου 2008 - 18:20 Inflation remained unchanged in Greece last month at the level of 4.9 percent, for the third month in succession, as the National Statistics Service (NSS) is expected to confirm on Thursday.
Zhaikmunai's Oil Production Returns To Previous Levels Τρι, 5 Αυγούστου 2008 - 11:48 Zhaikmunai L.P. (ZKM.LN), an independent oil and gas producer in northwestern Kazakhstan, said Monday its oil production had returned to previous levels of 6,700 barrels a day.
China, India Vie For Russian Oil Τρι, 5 Αυγούστου 2008 - 11:46 China and India are facing off yet again in the race to secure energy resources to fuel their economic growth, this time in Russia's Siberian oil fields.
Iran Must Respond By Tuesday Or Face New Sanctions Τρι, 5 Αυγούστου 2008 - 11:45 Iran faces new U.N. sanctions unless it gives a response by Tuesday to a six-power offer of incentives to freeze uranium enrichment operations, the U.K. Foreign Office said.
Kuwait Plans To Store Oil Abroad Due To Refining Projs Τρι, 5 Αυγούστου 2008 - 11:43 Plans to store Kuwaiti oil in Vietnam and China has economic purposes and is related to the refineries' projects in the two countries, Kuwait-based Al Rai daily reported Tuesday citing Saad Al Shuwaib, chief executive of state-owned Kuwait Petroleum Corp.
Rosneft May Get A Stake In Imperial's Assets Τρι, 5 Αυγούστου 2008 - 11:41 Russia's state-controlled oil company OAO Rosneft (ROSN.RS) may ultimately get a stake in the assets of Russia-based Imperial Energy Corp. (IEC.LN), once they are acquired by a third party, people familiar with the matter said Monday.
Vopak: Gate LNG Terminal Signs Agreement With E.ON Ruhrgas Τρι, 5 Αυγούστου 2008 - 11:40 Royal Vopak nv said Tuesday Gate Terminal, a strategic partnership between Nederlandse Gasunie and Vopak, has signed a long term throughput agreement with E.ON Ruhrgas AG (E.ON Ruhrgas) from Germany, one of Europe's leading energy companies.
BP Venture In Russia Hit As CFO Steps Down Τρι, 5 Αυγούστου 2008 - 11:35 BP PLC sustained one of the most serious blows yet in its fight to hold on to its lucrative Russian oil venture Monday, as the operation's chief financial officer quit amid the increasingly rancorous dispute between its British and local owners.