English Edition

OPEC Likely To Keep Current Output Levels

Δευ, 8 Σεπτεμβρίου 2008 - 11:41

Oil ministers of the Organization of Petroleum Exporting Countries, or OPEC, are expected to keep the production ceiling at its current level in their meeting Tuesday due to recession and a decline in demand, Jeddah-based Okaz daily reported Monday citing an economist.

Italy's Eni To Acquire First Calgary Petroleums

Δευ, 8 Σεπτεμβρίου 2008 - 11:39

Italian oil giant Eni SpA (E) said Monday it has reached an agreement to buy all the common shares of First Calgary Petroleums in a deal that values the fully diluted share capital of the Canadian company at about C$923 million.

Nabucco on Τrack

Δευ, 8 Σεπτεμβρίου 2008 - 10:50

The Nabucco gas pipeline, which seeks to link central Asia’s gas fields with Europe, is on track despite the Russia-Georgia conflict, the project’s chief executive said in an interview published yesterday. Speaking to The Financial Times, Reinhard Mitschek said the conflict had “no impact” on planning for the US- and EU-backed pipeline, which is expected to be completed by 2013.

RWE-Bulgaria

Δευ, 8 Σεπτεμβρίου 2008 - 10:49

German power utility RWE is still a favorite to become a strategic investor in Bulgaria’s planned 4-billion-euro nuclear power plant, sources close to the talks said yesterday. Bulgaria has asked RWE and Belgian Electrabel, owned by France’s GDF Suez, to improve their offers for a 49 percent stake in the plant it is building to restore the country’s position as a leading electricity exporter in Southeast Europe.

Kashagan 1st Oil Now Seen In '14

Παρ, 5 Σεπτεμβρίου 2008 - 12:39

Kazakhstan's giant Kashagan field in the Caspian Sea is now seen delivering first oil production in 2014, later than the previously announced date of October, 2013, the head of a Kazakh energy association said Thursday.

Kazakhstan Won't Drop Caucasus Export Route For Oil

Παρ, 5 Σεπτεμβρίου 2008 - 12:37

Kazakhstan won't drop the Caucasus as an export route for its oil despite regional tensions caused by a conflict between Georgia and Russia, chief executive of Kazakh state oil and gas company said Thursday.

GDF Suez:15% Stake In Offshore License With Lukoil, Azeris

Παρ, 5 Σεπτεμβρίου 2008 - 12:34

French utility giant GdF Suez (GSZ.FR) said Thursday it has acquired a 15% stake in an offshore exploration-production license in Azerbaijan.

Edison To Sign A Gas Deal With Azerbaijan By Yr-End

Παρ, 5 Σεπτεμβρίου 2008 - 12:29

Edison SpA (EDN.MI) plans to sign a gas supply agreement with Azerbaijan by the end of the year, Chief Executive Officer Umberto Quadrino told Italian newspaper Corriere della Sera in an interview published Friday.

IEA Urges EU Unity In Dealing With Energy Suppliers

Παρ, 5 Σεπτεμβρίου 2008 - 12:27

European Union member countries should deal collectively with their most important energy suppliers, particularly Russia, so that individual countries are less vulnerable to supply disruptions caused by foreign conflicts, the International Energy Agency said in a report Thursday.

Nabucco Pipeline 'On Track' Despite Georgia-Russia Conflict

Παρ, 5 Σεπτεμβρίου 2008 - 12:26

The Nabucco gas pipeline, which seeks to link central Asia's gas fields with Europe, is on track despite the Russia-Georgia conflict, the project's chief executive said in an interview published Friday.

BP Retains Its Stake In TNK-BP

Παρ, 5 Σεπτεμβρίου 2008 - 12:24

BP PLC signed a deal to end a bitter conflict with its Russian partners in TNK-BP Ltd., loosening its grip on Russia's third-largest oil producer but retaining its 50% stake.

Ukraine Pres Firm On Foreign Policy Despite Govt Collapse

Παρ, 5 Σεπτεμβρίου 2008 - 12:23

Ukraine will push ahead with efforts to join the European Union and North Atlantic Treaty Organization despite Wednesday's collapse of Kiev's pro-western coalition, President Viktor Yushchenko said in an interview with the Financial Times published Friday.

Iraq Invites Bids For 40,000 Tons Fuel Oil

Παρ, 5 Σεπτεμβρίου 2008 - 12:21

Iraq's State Oil Marketing Organization, or SOMO, has invited local and foreign companies to bid for a four-month term contract to lift 40,000 metric tons of fuel oil from its Baiji refinery, the Oil Ministry's Web site says.