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Politics // Ukrainian president Yanukovych has formed new coalition and named prime minister

Ukrainian President Viktor Yanukovych has secured a coalition in parliament and one of his loyalists has been named as the new prime minister.

12 March 2010 , 08:50BBC News980

Daily News

Oil and gas worldwide // Oil discovery confirmed for BG Norge in Norwegian North Sea

BG Norge AS, operator of production license 374 S, is in the process of completing the drilling of wildcat well 34/5-1 S on the Blabaer prospect, located about 25 km northeast of the Snorre field in the North Sea.

12 March 2010 , 10:49Norwegian Petroleum Directorate840

Companies // Court revealed the main responsibles of Lehman Brother collapse

A court-appointed expert blamed the collapse of investment bank Lehman Brothers on its top management as well as audit firm Ernst & Young and banks Citigroup and JPMorgan Chase.

12 March 2010 , 10:22AFP720

Top Rumour

Daily rumours

Companies // US audit revealed a strong growth of Russian Slavneft oil reserves

The volume of Slavneft’s audited proven reserves of oil and gas, as calculated under the United States SEC rules without accounting for the active period of licenses, was 2.267 millions barrels as of 31 December 2009, Slavneft reported. This figure is up 64 million barrels, or 3 percent, on 2008.

12 March 2010 , 10:05Slavneft1440

Asia // $1 billion contract signed between PetroVietnam and Chevron to build giant pipeline in South Vietnam

State-run PetroVietnam Gas Corp. has signed a $1 billion Business Cooperation Contract with Chevron Corp.

12 March 2010 , 09:42Dow Jones1500

Oil and gas worldwide // Indian national oil company ONGC invited to take part in Russian oil and gas fields development

Russia is considering inviting India's state-run Oil and Natural Gas Corporation (ONGC) to develop oil and gas fields in Russia.

12 March 2010 , 09:20Upstream1300

Companies // BP's $7 billion expenses to strengthening its Latin American reserves

BP will pay $7 billion to Devon Energy for assets that will extend its reach into Brazil and bulk up its position in the Gulf of Mexico, as the world's top oil companies look to acquisitions to refill depleting reserves.

12 March 2010 , 08:36Reuters2810

Economy // Indian companies ready to invest half billion in Russian diamond miner Alrosa

Russia's largest diamond miner Alrosa said on Thursday it planned to sign three-year contracts with three Indian companies on the delivery of uncut diamonds worth $490 million.

12 March 2010 , 08:26RIA Novosti1240

Companies // Exxon Mobil will heavily investing in natural gas projects

EXXON Mobil Corp will increase capital spending nearly 4 per cent this year to US$28 billion in part as the largest US oil company seeks to increase its share of the global market for natural gas.

12 March 2010 , 08:12Reuters2590

Russia // Russia must diversify gas transit to Europe

Deputy Chair of the Russian State Duma and President of the Russian Gas Society Valeriy Yazev said he is convinced that no matter who is in power in Ukraine, Russia should continue its work to diversify its gas delivery routes to Europe.

12 March 2010 , 07:58Ukroil1270

Companies // TNK-BP will increase its oil and gas production for the next three years

TNK-BP plans to increase oil and gas production by 1-3 percent for the next three years.

11 March 2010 , 12:14Russian Energy Ministry Statistics Department1190

News worldwide // General strike in Greece to protest against austerity plan

Greek public transport was halted, flights grounded and state hospitals left with emergency staff only on Thursday as workers held yet another general strike to protest painful spending cuts.

11 March 2010 , 12:06Nicholas PaphitisThe New York Times820

Russia // Russian billionaires are number one in Europe

Russia has the largest number of billionaires among the European countries, Forbes magazine has said.

11 March 2010 , 11:07RIA Novosti2110

Middle East and OPEC // OPEC 2010 last outlook

The Organization of Petroleum Exporting Countries, in its latest monthly Oil Market Report, expects worldwide oil demand to grow by 900,000 b/d in 2010.

11 March 2010 , 10:59Marilyn RadlerPennEnergy1130

Politics // Putin's Indian visit will focus on arms and energy contracts

Russian Prime Minister Vladimir Putin is due in India for talks expected to focus on arms and energy contracts.

11 March 2010 , 10:48BBC News1450

Russia // Medvedev wants to make the light on Lukoil's car accident

President Dmitry Medvedev on Wednesday ordered Interior Minister Rashid Nurgaliyev to investigate a fatal car crash involving a LUKoil vice president that caused public outrage over a perceived police cover-up.

11 March 2010 , 10:25The Moscow Times1250

Oil and gas worldwide // Gazprom's step in Namibia

RUSSIAN giant Gazprom and Namibian state oil company 
Namcor have agreed to establish a special purpose company to take a majority stake in the 
Kudu gas field to accelerate its progress to first production in 2014.

11 March 2010 , 09:14Upstream1510

Economy // Historical monthly worst US budget deficit in February

The US government recorded a budget deficit of $221bn in February - the largest monthly deficit in its history.

11 March 2010 , 08:47BBC News1170

Oil and gas worldwide // Royal Dutch Shell stop selling gasoline to Iran

Oil giant Royal Dutch Shell says it is no longer selling gasoline to Iran, the latest in a growing number of oil firms to halt supplies to the Islamic Republic.

11 March 2010 , 08:26The Chosun Ilbo3200

Oil and gas worldwide // South Stream and Nabucco pipeline may merge part of their route

Eni boss Paolo Scaroni suggested that the competing Nabucco and South Stream pipelines would benefit by merging for at least part of their route.

11 March 2010 , 08:12MIA1190

Companies // Unexpected low results for Gazprom Neft's fourth-quarter profit

Gazprom Neft on Wednesday posted a smaller fourth-quarter profit than analysts had expected, largely because of reasons unrelated to production.

11 March 2010 , 08:00The Moscow Times1110

Companies // Shell's FLNG technology ready to be used

Shell and the Technip-Samsung consortium entered into two separate contracts for the Prelude floating LNG facility.

10 March 2010 , 14:06Trevor DemaraOilonline1250

Ecology // Russian president Medvedev has signed a new eco-friendly energetic law

Russian President Dmitriy Medvedev sigend the law On changes to Article 32 of the Federal law On Electric Energy’, the president’s press office has reported.

10 March 2010 , 13:53Kremlin.ru1440

Alternative energy // What solar industry can learn from the collapse of the Spanish solar "miracle"

PUERTOLLANO, Spain — Two years ago, this gritty mining city hosted a brief 21st-century gold rush. Long famous for coal, Puertollano discovered another energy source it had overlooked: the relentless, scorching sun.

10 March 2010 , 13:34Elisabeth RosenthalThe New York Times1330

Russia // Russian taxes regime seen as a major problem for Gazprom Neft's foreign partners

Gazprom Neft said Russian taxes are hindering ventures with international oil companies and are the main obstacle for its expansion at home and abroad.

10 March 2010 , 09:45Upstream1490

Markets & Stocks // Actual cheap natural gas prices and economic recovery could bring a price recovery soon

The world is currently awash in cheap natural gas but low prices and an economic recovery could spur a price recovery in the not too distant future.

10 March 2010 , 09:25Reuters550

Politics // Obama supports Greek government against financial speculators

President Barack Obama has "responded positively" to calls to clamp down on market speculators, the Greek PM said after talks in Washington.

10 March 2010 , 09:02BBC News1230

Companies // Gazprom doubled its gas importations from Azerbaijan

Russian gas behemoth Gazprom has doubled its gas imports from Azerbaijan to 3 million cubic meters a day as of March 5, the company said Tuesday.

10 March 2010 , 08:52AzerNews1110

Companies // Chevron cuts 2,000 jobs to reduce costs and improve profitability

Chevron Corp. will cut 2,000 jobs this year and sell some overseas operations.

10 March 2010 , 08:42Associated Press800

Companies // Transneft starts building new major oil pipeline to China

Russian oil pipeline monopoly Transneft will start construction on Thursday of a $1.34 billion pipeline link to help secure crude supplies to a major route feeding energy-hungry China.

10 March 2010 , 08:34Upstream1760

Russia // No gas stations monopolist wanted in Russia

The Federal Anti-Monopoly Service wants to ban oil companies from buying and building gas stations in regions where they have at least 35 percent of the market.

10 March 2010 , 08:09The Moscow Times1630

Question of the week

Do you believe that oil major’s investments in green energies are reliable?

No because it in opposition with their primary activities
Yes, why should they stay outside of this upcoming trend

Current events

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