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Greece Waiting on Gas Talks

Greece Waiting on Gas Talks

Δευ, 21 Ιανουαρίου 2008 - 02:12

Tehran and Ankara are still in talks on resuming Iranian gas flows to Turkey, Energy Minister Hilmi Guler said yesterday, adding that Turkey had no immediate plans to restore its gas flow to Greece.

HELPE May Respond to Falling Profits with Cut in Processing

HELPE May Respond to Falling Profits with Cut in Processing

Δευ, 21 Ιανουαρίου 2008 - 02:08

Hellenic Petroleum (HELPE), Greece’s biggest oil company, may cut crude processing rates should profit margins continue to fall. “We haven’t done anything yet, but it’s only been in the last 20 days or so that margins have been affected,” said George Grigoriou, an investor relations officer with HELPE.

Pipeline Fire, Tanker Blast In Southern Nigeria -AFP

Pipeline Fire, Tanker Blast In Southern Nigeria -AFP

Δευ, 21 Ιανουαρίου 2008 - 02:05

A major oil pipeline belonging to Italian oil company Agip caught fire and a tanker truck exploded in separate incidents Monday in southern Nigeria, military and industry sources said.

Iran: West Looking For Excuses To Act Vs Its Nuclear Program

Iran: West Looking For Excuses To Act Vs Its Nuclear Program

Δευ, 21 Ιανουαρίου 2008 - 02:03

Western countries are just looking for excuses to act against Iran's atomic program but their efforts will be in vain as the Tehran will continue working with the U.N.'s nuclear watchdog, a government official said Monday.

TomCo Energy Signs Letter Of Intent With Avenue Grp

TomCo Energy Signs Letter Of Intent With Avenue Grp

Δευ, 21 Ιανουαρίου 2008 - 02:01

TomCo Energy announced Monday that it has Monday signed a Letter of Intent (LOI) with Avenue Group, a NY based U.S. listed Oil & Gas Company, and its wholly-owned subsidiary Avenue Energy Israel, to acquire a 50%. interest in the Heletz-Kokhav License awarded to AEI by the Israel Petroleum Commission.

Abu Dhabi To Invest $15B Under Masdar Energy Initiative

Abu Dhabi To Invest $15B Under Masdar Energy Initiative

Δευ, 21 Ιανουαρίου 2008 - 01:57

Abu Dhabi, the largest U.A.E. emirate and holder of almost all of the country's oil reserves, will spend as much as $15 billion on its Masdar initiative dedicated to alternative and sustainable energy, a top government official said Monday.

German Regulator Confirms Cuts RWE,EnBW,Vattenfall Grid Fees

German Regulator Confirms Cuts RWE,EnBW,Vattenfall Grid Fees

Παρ, 18 Ιανουαρίου 2008 - 07:17

German power network regulator, the Bundesnetzagentur, Friday confirmed that it has cut grid access fees for the electricity transmission grids operated by RWE AG (RWE.XE), EnBW Energie Baden-Wuerttemberg AG (EBK.XE) and Vattenfall Europe AG (VTT.XE).

Hungarys MOL, Indias ONGC Sign Cooperation Agreement

Hungary's MOL, India's ONGC Sign Cooperation Agreement

Παρ, 18 Ιανουαρίου 2008 - 07:14

Hungarian oil and gas company MOL Nyrt. (MOL.BU) said Friday that it will sign later Friday a cooperation agreement with India's Oil & Natural Gas Corp., or ONGC (500312.BY).

Norway Oil, Gas License Round Attracts Big Interest

Norway Oil, Gas License Round Attracts Big Interest

Παρ, 18 Ιανουαρίου 2008 - 07:12

Interest in Norway's 20th oil and gas licensing round has risen considerably, Norway's Ministry of Petroleum and Energy said Friday, with nominations received from 46 companies for 301 blocks or parts of blocks.

Lukoil To Take Over TGK-8 By Year-End - Vedomosti

Lukoil To Take Over TGK-8 By Year-End - Vedomosti

Παρ, 18 Ιανουαρίου 2008 - 03:46

Russian oil producer OAO Lukoil Holdings (LKOH.RS) will take control of utility OAO TGK-8 (TGKH.RS) by the end of the year, the Vedomosti business daily Friday cited Chief Executive Vagit Alexperov as saying.

Aker Kvaerner Signs Framework Agreement With Shell

Aker Kvaerner Signs Framework Agreement With Shell

Παρ, 18 Ιανουαρίου 2008 - 03:42

Aker Kvaerner has signed a five-year partnership agreement with Shell covering the provision, installation, commissioning and life-of-field support of subsea control systems in the North Sea.

CEZ Supervisory Bd Member Sees Higher Power Prices - Report

CEZ Supervisory Bd Member Sees Higher Power Prices - Report

Παρ, 18 Ιανουαρίου 2008 - 03:40

A state-appointed member of the non-executive supervisory board of state-controlled Czech power company CEZ AS (BAACEZ.PR) said Czech electricity prices will grow roughly at an annual rate of 10% over the next three to six years, a local newspaper published Frida