Int’l & Regional Energy News
Itochu, Partners Win Y350B Turkey Refinery Order -Nikkei
Posted: Monday, May 20, 2013
A consortium comprised of Itochu Corp. (8001.TO) and foreign firms won an order from the State Oil Company of the Azerbaijan Republic (SOCAR) to build Turkey 's largest oil refinery in the western city of Izmir , the Nikkei reported in its Monday evening edition. Itochu will procure equipment from Japanese plant manufacturers for the roughly Y350 billion ($3.4 billion) project, while the Japan Bank for International Cooperation will help SOCAR raise the necessary funds
Shippers Keen on Booking Nabucco West Capacity
Posted: Friday, May 17, 2013
Shippers have shown keen interest in registration and capacity booking in the Nabucco West pipeline during the first week of the Open Season process, Nabucco Gas Pipeline International (NIC) said on Thursday. "Nabucco has received strong interest from variety of shippers, including potential shippers not part of Nabucco, the Shah Deniz consortium or its buyers," NIC said in a statement
Romania's Transelectrica Net Profit Doubles in 1Q to RON92M -Mediafax
Posted: Wednesday, May 15, 2013
Romanian power grid operator Transelectrica (TEL.RO) Wednesday reported a first-quarter net profit of 91.75 million lei ($6.26 million), more than double compared with RON45 million in the same period of 2012, news agency Mediafax reported. First-quarter sales fell 35.1% to RON568.3 million, mainly due to a RON317 million decrease in revenue from the balancing market
Romania January-March Power Output Down 7.7% On Year
Posted: Monday, May 13, 2013
Romanian energy output decreased 7.7% on the year to 5.44 million tons of oil equivalent in the first quarter, hurt by falling production in the thermal and nuclear sectors, official data showed Friday, news agency Mediafax reports. Thermal energy output declined 18.4% on the year to 7.83 billion kilowatts hour, while nuclear power production was down 2.4% to around 3 billion KWh, the statistics institute INS said
Nabucco Says Eco Permitting Process for Bulgarian Pipeline Section Complete
Posted: Thursday, May 09, 2013
Nabucco Gas Pipeline International said on Wednesday that the environmental permitting process for the Bulgarian section of the pipeline route is now complete. Bulgaria is the second country after Hungary in which the project has successfully underwent environmental impact assessment (EIA), the project company said in a statement published on its website
Greece has Unexplored Possible Sources of Hydrocarbons - IMF
Posted: Wednesday, May 08, 2013
Greece has unexplored possible sources of hydrocarbons that could reduce the country’s high dependence on oil and natural gas imports, the International Monetary Fund argues
Iraq, Kurds Reach Tentative Deal on Payment to Oil Companies
Posted: Thursday, May 02, 2013
The federal government in Baghdad and Iraq 's semi-autonomous region of Kurdistan have reached a tentative agreement to resolve a dispute over payments to foreign companies that has shut down most crude oil exports from the region, Iraqi officials said. The tentative deal was reached during a meeting earlier this week between federal Prime Minister Nouri al-Maliki and the Kurdistan Regional Government Premier Nechirvan Barzani, the officials said
400 Million Eurobond by Greek Refiner, ELPE
Posted: Friday, April 26, 2013
Greek refiner, Hellenic Petroleum (ELPE) announced the issuing of a 400 million Eurobond of a four-year duration. The interest is set at 8,5% and the bond will be traded in Luxemburg, according to the company’s announcement
Total: Confirms to Drill 2 Exploration Wells in Libya
Posted: Wednesday, April 24, 2013
French oil and gas major Total SA Wednesday confirmed that it is to drill next month two exploration wells in Libya, near the Al Jurf field. The company will drill the wells between the middle and end of May, a Total spokesman said. Earlier in the day, Libyan state-run National Oil Corp., or NOC, said Total was currently transferring equipment to start the drilling next month
Lebanon Pre-Qualifies 46 Firms for First Oil, Gas Licensing Round
Posted: Tuesday, April 23, 2013
Lebanon has shortlisted 46 international oil firms, including U.S. giant ExxonMobil Corp. (XOM), Chevron Corp. (CVX) and France 's Total SA (TOT), for its first oil and natural gas licensing round in its Mediterranean coastal waters, the Petroleum Administration said. ExxonMobil, Chevron, Total are also among 12 firms that have been pre-qualified as operators. Others are Norway 's Statoil ASA (STO), Royal Dutch Shell PLC (RDSA) and Italy 's Eni SpA (E), the administration said on its website
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