English Edition

TNK-BP's CEO Faces Administrative Charges

Πεμ, 19 Ιουνίου 2008 - 03:27

A state labor inspectorate in Moscow has opened administrative charges against Robert Dudley, the chief executive of the U.K.-Russian oil joint venture OAO TNK-BP (TNBP.RS), the Interfax news agency said Thursday citing an official.

German Merkel:No Easy Response To Price Rises Possible

Πεμ, 19 Ιουνίου 2008 - 03:25

There are no easy responses possible to deal with recent food and oil price increases and any measures must be coordinated among the European Union member states, German Chancellor Angela Merkel said Thursday.

EU Chamber: China Isn't Doing Enough To Maximize Oil Output

Πεμ, 19 Ιουνίου 2008 - 03:22

China isn't doing enough to boost its oil output because it continues to restrict foreign investors' access to oil blocks, an official at the European Chamber of Commerce said Thursday.

EdF To Offer 5-10% Premium For Stake In Belgium's SPE -Report

Πεμ, 19 Ιουνίου 2008 - 03:20

Electricite de France SA (1024251.FR) is preparing to offer a premium of 5-10% for Gaz de France SA's (1020848.FR) 25.5% stake in Belgian utility SPE, U.K. newspaper The Times reported Thursday, citing unnamed sources in Paris.

Sibir Energy: Production Rate At Salym Fields At Record Level

Πεμ, 19 Ιουνίου 2008 - 03:18

Sibir Energy said Thursday that the crude oil production rate at its Salym fields has now exceeded 125,000 barrels per day (bopd), a new record.

Iran Open To Crude Output Hike If Agreed By OPEC

Τετ, 18 Ιουνίου 2008 - 04:46

Iran would welcome a crude oil production increase as long as it happens in agreement between Organization of Petroleum Exporting Countries members, a senior Iranian oil official said days before major oil producers and consumers will meet in Saudi Arabia to discuss soaring oil prices.

Italy Govt Aims To Boost Local Oil, Gas Output

Τετ, 18 Ιουνίου 2008 - 04:45

The Italian government will introduce measures aimed at boosting domestic oil and natural gas production, Industry Minister Claudio Scajola said Wednesday.

TNK-BP Sees Kovytka Deal Closure Soon

Τετ, 18 Ιουνίου 2008 - 04:44

Russian-U.K. oil company TNK-BP Holding (TNBP.RS) expects last year's agreement to sell control of the Kovykta gas field to OAO Gazprom (GAZP.RS) to be closed very soon, the Prime-Tass news agency reported Wednesday.

Gazprom Hopes To Attract Foreign Partners On Yamal Project

Τετ, 18 Ιουνίου 2008 - 04:42

Russia's state gas company OAO Gazprom (GAZP.RS) hopes to attract major international energy companies as partners for projects on the Yamal Peninsula under the same terms as the Shtokman field, the company's Deputy Chief Executive Alexander Medvedev said Wednesday.

Gazprom Buys 100% Of Tyumenenergosbyt For RUB5.7 Bln

Τετ, 18 Ιουνίου 2008 - 04:40

Former electricity monopoly RAO Unified Energy System of Russia (EESR.RS), or UES, Wednesday said that gas monopoly OAO Gazprom (GAZP.RS) has acquired 100% of electricity supply company Tyumenenergosbyt for 5.7 billion rubles ($241.1 million).

Gazprom To Start LNG Exports From Sakhalin-2 By January 2009

Τετ, 18 Ιουνίου 2008 - 04:39

Russia's state gas company OAO Gazprom (GAZP.RS) will start exporting liquified natural gas from its Sakhalin-2 project no later than January 2009, Deputy Chief Executive Alexander Medvedev said Wednesday.

Medvedev Endorses Riskier Investment Of Russia Oil Fund

Τετ, 18 Ιουνίου 2008 - 04:37

Russian President Dmitry Medvedev said he supports a riskier investment strategy for parts of Russia's oil fund, the daily Kommersant reported Wednesday.

Iberdrola,Union Fenosa Confirm Interest In Babcock Assets

Τετ, 18 Ιουνίου 2008 - 04:36

Spanish power companies Iberdrola SA (IBE.MC) and Union Fenosa (UNF.MC) confirmed Wednesday they are interested in buying assets that Babcock & Brown Ltd. (BNB.AU) and its satellite fund Babcock & Brown Wind Partners Group (BBW.AU) are trying to sell.