English Edition

Gulf's Oil-Fired Boom Is At Risk

Παρ, 19 Σεπτεμβρίου 2008 - 12:55

Persian Gulf governments are trying to shore up confidence in the region's so-far insulated economy, but the oil-fired boom is looking vulnerable amid the global-financial turmoil swirling around it.

Sonatrach Likely To Keep Force Majeure On LNG Supply - Report

Πεμ, 18 Σεπτεμβρίου 2008 - 15:32

SINGAPORE (Dow Jones)--Sonatrach, Algeria's state-owned energy company, is expected to keep its liquefied natural gas supplies to long-term customers in Europe under force majeure through September, LNG Intelligence reported Thursday.

Water Reserves Woefully Below Par

Πεμ, 18 Σεπτεμβρίου 2008 - 15:22

The country’s water reserves are so low that it will take at least 10 years of proper water management for levels to be restored satisfactorily, experts say, noting that current reserves are adequate for the next three years. Scientists from the Hellenic Committee of Hydrogeology and other experts said it was imperative that 200,000 legal and illegal drill holes around the country be checked as soon as possible.

UK To Hold 1st EU ETS Carbon Allowances Auction Nov 19 - Govt

Πεμ, 18 Σεπτεμβρίου 2008 - 15:10

The U.K. is to hold its first auction of carbon trading allowances under the European Union Emissions Trading System on Nov. 19, the government said Thursday.

Caspian Holdings Expands Black Gold Holdings In Irvine Field

Πεμ, 18 Σεπτεμβρίου 2008 - 15:05

Caspian Holdings, an oil and gas development company with assets in the USA and Kazakhstan, has increased its lease holding in the Irvine oil field to over 200 acres with the signing of a new 160 acre Billings lease.

EU Gas Policy Rethink Could Counter Russian Might -Think Tank

Πεμ, 18 Σεπτεμβρίου 2008 - 15:05

A more integrated energy policy among key European Union member states Germany, France and the U.K. could act as a counterbalance to the influence of Russia, but a radically different approach is needed, said a report from London-based think tank Chatham House published Thursday.

2nd Azeri Oil Platform Shut As Precaution After Gas Leak

Πεμ, 18 Σεπτεμβρίου 2008 - 14:58

LONDON (Dow Jones)--A second platform on the Azeri-Chirag-Gunashli oil and gas fields in Azerbaijan was shut down Wednesday as a precaution after a gas leak on a nearby platform earlier in the day, said a spokeswoman for field operator BP PLC (BP).

Energy Reserves Dominate EU-Central Asia Talks - Official

Πεμ, 18 Σεπτεμβρίου 2008 - 14:53

PARIS (AFP)--The European Union wants to look at ways of tapping into Central Asia's vast energy reserves, an official said Thursday at the opening of a foreign ministers' meeting in Paris.

Turkey To Extend By 1 Year Mandate For Military Ops Into Iraq

Πεμ, 18 Σεπτεμβρίου 2008 - 14:50

ANKARA (AFP)--The Turkish government will ask parliament to extend by one year its mandate to order military strikes against separatist Kurdish rebels based in northern Iraq, the deputy prime minister said Wednesday.

Iran Refining Capacity To Hit 3.3 Mln B/D By 2012 - Report

Τετ, 17 Σεπτεμβρίου 2008 - 13:19

TEHRAN (Dow Jones)--Iran plans to raise its refining capacity to 3.3 million barrels a day by 2012 to become the largest oil refiner in the Persian Gulf region, the state Irna news agency reports Tuesday.

Russian Watchdog Fines Gazprom, Lukoil Units Over Fuel Prices

Τετ, 17 Σεπτεμβρίου 2008 - 13:14

MOSCOW (Dow Jones)--Russia's antimonopoly watchdog has fined units of OAO Gazprom (GAZP.RS) and OAO Lukoil (LKOH.RS) for abusing their dominant market positions to increase fuel prices in southern Russia, the service said Wednesday.

Citic Resources Cuts 08-10 Kazakh Oil Output Targets By 4%-9%

Τετ, 17 Σεπτεμβρίου 2008 - 13:09

HONG KONG (Dow Jones)--Citic Resources Holdings Ltd. (1205.HK), a Chinese energy and base-metals producer, has cut output targets for its Kazakhstan oil field for 2008-2010 by 4% to 9%, company Chairman Sun Xinguo said Wednesday.

Total To Maintain Existing Iran Projects - Report

Τετ, 17 Σεπτεμβρίου 2008 - 13:02

PARIS (Dow Jones)--French oil major Total SA (TOT) wants to continue existing projects in Iran but can't take the risk right now, amid the threat of further sanctions, of investing "massively" in the country, Chief Executive Christophe de Margerie confirms in an interview published Tuesday in Le Figaro.