English Edition

Total CEO: High Oil Price Tied To Future Supply

Τρι, 1 Ιουλίου 2008 - 04:10

High crude prices are tied to concerns over the delivery of future oil and gas, not lack of existing resources, Total SA's (TOT) chief executive said Tuesday.

Sabanci-Verbund Submits Highest Bid In Ankara Grid Tender

Τρι, 1 Ιουλίου 2008 - 04:09

Turkish privatization agency OIB said Tuesday that a joint venture of Turkish conglomerate Sabanci Holding (SAHOL.IS), Austrian energy firm Verbund and Enerjisa, a partnership of Sabanci and Verbund, has submitted the highest bid of $1.225 billion in a tender to privatize Baskent Elektrik Dagitim A.S., the electricity grid in the region of capital city Ankara, the Ihlas News Agency, or IHA, reported.

Greece Approves Up To 9.5% Hike In PPC Tariffs From July 1

Τρι, 1 Ιουλίου 2008 - 04:07

The country's Development Ministry Tuesday approved tariff increases of up to 9.5% for electricity utility Public Power Corporation SA (PPC.AT), in an effort to bring the company's prices in line with its operating costs and to help offset the impact of rising oil prices.

Saudi King: Have Nothing To Do With Rising Oil Price

Τρι, 1 Ιουλίου 2008 - 04:06

Speculation and taxes in oil consuming nations, not the Organization of Petroleum Exporting Countries, are to be blamed for rising crude prices, Kuwaiti daily Arab Times reported Tuesday, citing from an interview with Saudi Arabia's King Abdullah.

Kazakh Govt: Kashagan Oil Output To Start Oct 2013

Δευ, 30 Ιουνίου 2008 - 05:14

The Kazakh government and an Eni SpA-led (E) consortium developing the giant Kashagan oil field in the Caspian Sea have agreed to start commercial production in October 2013, the government said Saturday.

Total:Kashagan Cos Adding Staff After Start Date Delay

Δευ, 30 Ιουνίου 2008 - 05:12

Companies in a consortium developing Kazakhstan 's Kashagan oil field plan to add extra staff to work on the project, after signing a new accord that pushes back the production start date to 2013 from 2011, a spokeswoman for Total SA (TOT), a member of the consortium, said Sunday.

Iran Discovers New Oil Field

Δευ, 30 Ιουνίου 2008 - 05:11

Iran has discovered a new oil field in the country's Persian Gulf Farsi Block, Iran's English-language satellite channel Press TV reported Saturday.

Iran To Raise Gas Exports To Turkey In Winter 2008

Δευ, 30 Ιουνίου 2008 - 05:09

Iran will increase natural gas exports to Turkey this winter, Iranian state news agency IRNA reported, citing Iran's oil minister.

Iran To Allow Foreign Cos To Buy State-Run Firms

Δευ, 30 Ιουνίου 2008 - 05:08

Iran will begin to allow foreign firms to purchase Iranian state-run companies, with the possibility of obtaining full ownership, Iranian English language television channel PressTV reported on its Web site, citing the director of Iran 's Privatization Company, Gholamreza Heidari Kord Zangeneh.

Russia TNK-BP Hldrs Could Lose Iraqi Kurd Licence

Δευ, 30 Ιουνίου 2008 - 05:07

The consortium of Russian shareholders behind TNK-BP Holding (TNBP.RS) are at risk of losing their oil contract in northern Iraq, a move that would likely further aggravate tensions between the shareholders and BP PLC (BP).

Repsol CEO: Resource Nationalism Cuts Oil Invest

Δευ, 30 Ιουνίου 2008 - 05:06

Resource nationalism in many countries hampers investment in new oil and gas exploration and could spur declines, Antonio Brufau, Chief Executive at Spanish-Argentine oil firm Repsol YPF SA (REP) said Monday.

Eni Gets Cosy With State Govts, But Will It Pay Off?

Δευ, 30 Ιουνίου 2008 - 05:04

Over the past year or so, Eni has aggressively signed deals with several state oil companies, including Algeria, the Republic of Congo, Libya, Qatar and other nations, which reestablish or expand its access to new drilling projects both within and outside these countries.

GdF To Partner PowerGas For LNG Terminal Operation, Singapore

Δευ, 30 Ιουνίου 2008 - 05:03

French utility Gaz de France (1020848.FR) said Monday it has entered into an agreement with PowerGas, a wholly owned subsidiary of Singapore Power, to jointly build and operate Singapore's first LNG terminal.

Sibir Energy 07 Net Pft Triples; Output Up At Salym Oil Field

Δευ, 30 Ιουνίου 2008 - 05:01

London-listed Russian oil producer Sibir Energy PLC (SBE.LN) said Monday its net profit for the full year 2007 tripled to $277.8 million on higher output at the Salym oil field in Siberia.

Kazakh Govt Seeks Changes To Kashagan Accord Of Jan - Report

Παρ, 27 Ιουνίου 2008 - 05:33

The Kazakh government wants changes to the deal reached in January with the consortium developing the Kashagan field to take into account surging crude oil prices, a possible delay in output and a jump in costs, daily Il Sole-24 Ore reports Friday, without citing sources.

Caspian Holdings Gets Production Re-Start Approval

Παρ, 27 Ιουνίου 2008 - 05:31

Caspian Holdings, an oil and gas exploration company with leases in Kazakhstan and the USA Friday announced that it has received work programme approval for its Zhengeldy project in Kazakhstan from Zapkaznedra.