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Caspian Energy: Aral Petroleum To Plug Aransay Well

Τετ, 30 Ιουλίου 2008 - 13:45

Caspian Energy, an oil and gas exploration company operating in Kazakhstan, Tuesday announces that Aral Petroleum Capital, in which the Company holds a 50% indirect interest, has logged the second well in its post-salt drilling programme, Aransay #711.

Energy Projects to Pick up Pace

Τετ, 30 Ιουλίου 2008 - 13:03

Greece and Russia have agreed to set up committees to monitor progress made in joint energy projects on concerns they are falling behind schedule. Greek Development Minister Christos Folias met on Monday with Russian Energy Minister Sergey Shmatko in Moscow, where they agreed to set up a committee to check progress made on the Burgas-Alexandroupolis oil pipeline and the South Stream natural gas project.

Michaniki Gets Green Light for Power Plant

Τετ, 30 Ιουλίου 2008 - 12:59

Michaniki SA, Greece's fifth-biggest builder, received government approval to build a 9-million-euro ($14 million) hydroelectric power plant, the company said in a filing yesterday to the Athens Exchange.

DEPA, Gaz de France Sign Agreement

Τρι, 29 Ιουλίου 2008 - 16:09

Gas company DEPA has signed a memorandum of cooperation with France’s Gaz de France in an effort to increase the country’s natural gas supplies.

BP's 2Q Pft Rises 28% On Higher Oil Price

Τρι, 29 Ιουλίου 2008 - 12:49

BP PLC (BP) Tuesday posted a 28% rise in second-quarter net profit, driven by higher oil prices.

Nabucco Pipeline Highly Unlikely - Metropol

Τρι, 29 Ιουλίου 2008 - 12:47

The agreement between Gazprom (GAZP.RS) and Turkmenistan to construct the Pri-Caspian gas pipeline, with a 30 billion cubic meter throughput a year, makes realization of the EU-backed Nabucco pipeline unlikely, says Metropol.

Ahmadinejad: If US Has New Approach, Iran Would Respond

Τρι, 29 Ιουλίου 2008 - 12:45

Iranian President Mahmoud Ahmadinejad said in an interview aired on U.S. television Monday that if the United States adopted a genuinely new approach to his country, Tehran would respond in a positive way.

Dana Gas, Crescent In JV To Develop Kurdistan Gas City

Τρι, 29 Ιουλίου 2008 - 12:42

Gas Cities LLC, a joint venture between the United Arab Emirates's Crescent Petroleum and its subsidiary Dana Gas, has been officially awarded a 461-million square foot site by the Kurdistan Regional Government, or KRG, to develop the Kurdistan Gas City, a project that is expected to attract over $40 billion in foreign direct investment.

CEZ To Lift Residential Power Prices In 09 By 10%

Τρι, 29 Ιουλίου 2008 - 12:40

Czech-based power company CEZ AS (BAACEZ.PR) will lift prices for its Czech residential customers by no more than 10% next year, and by 15% for commercial customers, the company's Chairman Martin Roman said in a local newspaper Tuesday.

TNK-BP Chief Operating Officer Tim Summers Gets New Visa

Τρι, 29 Ιουλίου 2008 - 12:38

Tim Summers, the chief operating officer of troubled Anglo-Russian oil company TNK-BP, has received his new visa, Russia's Federal Migration Service said Tuesday.

RWE,PGNiG In Talks On JV To Build Generator In Poland

Τρι, 29 Ιουλίου 2008 - 12:35

German power group RWE AG (RWE.XE) is in preliminary talks with Polish state-controlled gas monopoly Polskie Gornictwo Naftowe i Gazownictwo (PGN.WA) to build two, 400 megawatt gas-fired power units in Poland, the daily Parkiet reports Tuesday, citing unidentified sources.

Gazprom To Expand Capacity Of Turkmen Pre-Caspian Pipeline

Δευ, 28 Ιουλίου 2008 - 13:36

Russia's OAO Gazprom (GAZP.RS) said Friday it has signed an agreement with Turkmenistan, which includes increasing the country's gas pipeline network and a new pricing formula for the import of Turkmen gas.

Bulgarian Parliament Ratifies South Stream Gas Pipeline Deal

Δευ, 28 Ιουλίου 2008 - 13:35

Bulgaria's parliament ratified Friday a deal with Russia to build the South Stream gas pipeline to carry Russian gas to Europe, the parliament announced.