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Gazprom Neft 1Q 2008 Net Pft Doubles On High Prices

Gazprom Neft 1Q 2008 Net Pft Doubles On High Prices

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian gas monopoly OAO Gazprom (GAZP.RS), Monday said its 2008 first-quarter net profit more than doubled on the year, pushed up by a favorable price environment and higher exposure to refining.

Rosneft Offers Gazprom Role In Developing Sakhalin Projects

Rosneft Offers Gazprom Role In Developing Sakhalin Projects

Russia's OAO Rosneft (ROSN.RS) has offered the country's state gas company OAO Rosneft(GAZP.RS) the opportunity to take part in the development of its projects on the Sakhalin Island in Russia's Far East, a Rosneft spokesman said Tuesday.

Gazprom in Turkey

Gazprom in Turkey

Gazprom has proposed setting up a company in Turkey to handle urban gas distribution and a planned extension of the Blue Stream pipeline to Israel, a senior Turkish Energy Ministry source told Reuters yesterday.

EUs Solana: Insufficient Progress On Iran Nuclear Talks

EU's Solana: 'Insufficient' Progress On Iran Nuclear Talks

The European Union's diplomatic chief, Javier Solana, said Saturday there had been "insufficient" progress in attempts to persuade Iran to give up its nuclear program following high-level talks in Geneva.

New Russian Law Gives State Cos Right To Off-Shore Deposits

New Russian Law Gives State Cos Right To Off-Shore Deposits

Russian President Dmitry Medvedev Friday signed a federal law giving the government the right to allocate licenses to develop oil and gas deposits on the continental shelf without auctions, the news agency Prime-Tass reported.

Gazprom Demands Ukraine Stop Exceeding Supply Contract

Gazprom Demands Ukraine Stop Exceeding Supply Contract

Russia's state-controlled gas company OAO Gazprom (GAZP.RS) has demanded its Ukrainian counterpart HAK Naftogaz Ukrainy stops taking more Russian gas than is stated in existing contracts, the Kommersant daily reports Monday citing sources familiar with the situation.

Gas Natural, Gazprom Plan Cooperation In LNG GAS.MC

Gas Natural, Gazprom Plan Cooperation In LNG >GAS.MC

Gas Natural SDG SA (GAS.MC) and a unit of Russian gas giant OAO Gazprom (GAZP.RS) are planning joint operations in the liquefied natural gas, or LNG, market, Gas Natural said Monday.

Turkey Will Initially Privatize Coal Power Plants

Turkey Will Initially Privatize Coal Power Plants

Turkish Energy Minister Hilmi Guler said at the weekend that power plant privatizations will begin after President Abdullah Gul approves an electricity market law and added that the government would initially sell coal-fired power plants, the Ihlas News Agency, or IHA, reported.

E.ON, DONG Buy Shells Stake In London Array Wind Project

E.ON, DONG Buy Shell's Stake In London Array Wind Project

The U.K. arm of Germany's E.ON AG (EOA.XE) and Denmark's DONG Energy said Monday they have bought Royal Dutch Shell PLC's (RDSB.LN) stake in the U.K.'s London Array offshore wind project, giving each company a half share in the project.

Russia Official: Still No Valid Work Contract From TNK-BP CEO

Russia Official: Still No Valid Work Contract From TNK-BP CEO

Russia's migration service Monday reaffirmed that it cannot grant a visa to Robert Dudley, the chief executive of Anglo-Russian oil joint venture TNK-BP (TNBP.RS), as long as he doesn't provide a valid work contract.

Turkey Facilitating Iran Nuclear Negotiations

Turkey Facilitating Iran Nuclear Negotiations

Iran and the six world powers negotiating a settlement to the standoff over the Islamic state's nuclear program have both requested Turkish help, Turkish Foreign Minister Ali Babacan said Monday.