English Edition

Kashagan Wed Meeting Not Viewed "Conclusive" -Eni CEO

Τρι, 11 Δεκεμβρίου 2007 - 05:14

ROME (MF-Dow Jones)--A meeting in London Wednesday between the consortium developing the Kashagan oil project and the Kazakhstan government following cost overruns and delays in output isn't expected to be "conclusive", said Chief Executive Paolo Scaroni of Eni SpA (E) Tuesday.

Nord Stream Gas Pipeline Costs Surge To EUR8 Bln

Τρι, 11 Δεκεμβρίου 2007 - 05:05

NEW YORK (Dow Jones)--Former German Chancellor Gerhard Schroeder said Monday that a planned natural gas pipeline under the Baltic Sea would cost EUR8 billion ($11.77 billion.)

IEA Chief Sees Extra OPEC Oil Reaching Mkt This Mo

Τρι, 11 Δεκεμβρίου 2007 - 05:01

BALI, Indonesia (Dow Jones)--Some members of the Organization of Petroleum Exporting Countries are likely to deliver additional crude oil supplies to global markets this month, despite the group's decision last week to maintain its official output targets.

French State Council Cancels '06 Natural Gas Tariffs Freezing

Τρι, 11 Δεκεμβρίου 2007 - 01:40

French Council of State on Monday canceled a Dec. 29, 2005 governmental order freezing natural gas tariffs for six months

Russia's UES Mulls Selling Its Shares To Pension Fund - Paper

Τρι, 11 Δεκεμβρίου 2007 - 01:38

RAO Unified Energy Systems of Russia (EESR.RS) is contemplating selling its shares that are presented for buyback to the Russian Pension Fund, the newspaper Vedomosti reported Tuesday, citing sources close to the UES board.

Saudi Aramco Keeps Jan Crude Supply For Asia Full

Τρι, 11 Δεκεμβρίου 2007 - 01:35

Saudi Arabian Oil Co., or Saudi Aramco, told its crude oil buyers in Japan and South Korea that it will keep January crude shipments steady at full contractual volumes, officials at the Northeast Asian refiners said Tuesday.

Portugal's Galp Signs MOU With Libyan Co On Energy Projects

Δευ, 10 Δεκεμβρίου 2007 - 07:12

Portuguese energy company Galp Energia (GALP.LB) said late Sunday it signed a memorandum of understanding with Libya Africa Investment Portfolio to create a joint venture over the possible development of oil and natural gas exploration and production projects in Libya.

Italy Must Close Energy Infrastructure Gap

Δευ, 10 Δεκεμβρίου 2007 - 07:08

BRESCIA, Italy (MF-Dow Jones)--Italy needs to compensate for the lack of adequate energy infrastructure, especially for the natural gas sector, which is limiting competition in the country, regulator Alessandro Ortis said Monday.

Iraq Kirkuk To Ceyhan Oil Flow At 12,000 Bbl/Hour

Δευ, 10 Δεκεμβρίου 2007 - 07:06

LONDON (Dow Jones)--Oil shipments through a pipeline from Iraq's Kirkuk oil fields into the Turkish Mediterranean export terminal Ceyhan resumed at a rate of 12,000 barrels of crude an hour, at 1100 local time Monday, a shipping agent said.

Turcas-Socar-Injaz To Invest $2 Bln In Petkim To 2015

Δευ, 10 Δεκεμβρίου 2007 - 06:57

ISTANBUL (Dow Jones)--Turkish fuel distributor and energy firm Turcas Petrol A.S. (TRCAS.IS) board member Batu Aksoy said Monday the consortium that purchased Petkim (PETKM.IS) will invest $2 billion in the petrochemical producer until 2015, the Ihlas News Agency, or IHA reported.

Iranian leader to visit Turkey

Δευ, 10 Δεκεμβρίου 2007 - 02:34

Iranian President Mahmoud Ahmadinejad is expected to pay an official visit to Turkey in the upcoming weeks or months, diplomats said Sunday.

Suez-GDF Merger Process To Be Sped Up

Δευ, 10 Δεκεμβρίου 2007 - 02:24

PARIS (Dow Jones)--The merger between French gas company GDF (1020848.FR) and Suez (SZE.FR) will be sped up, with a tighter calendar than previously scheduled, the French daily newspaper Le Figaro reports in its Monday edition, without naming sources.

Libya Awards Gas Contracts To Shell,Gazprom,Sonatrach,PKN

Δευ, 10 Δεκεμβρίου 2007 - 02:19

TRIPOLI (AFP)--Libya Sunday awarded four gas exploration contracts to fuel giants Shell, Gazprom, Sonatrach and PKN Orlen - the first ever given to foreign firms as relations warm between Tripoli and the West.