The Indian government is considering setting up a company specifically for exploration and development of Iranian oilfields, authorities said. The Economic Times of India reported Friday the government was mulling a separate company for work in Iran. The company would be “fully owned by the government” and work under the direction of the Oil Ministry,…
Billions of dollars worth of undeveloped natural resources are in the Middle East but there may be significant challenges in reaching them, Wood Mackenzie said. Wood Mackenzie, a global energy research company, said the region with the most valuable portfolio is the Middle East, where the 367 billion barrels of undeveloped oil and natural gas discoveries could…
The final decision of the European Commission on transfer of control over 66 percent share package of Greek operator of gas transmission company DESFA to the State Oil Company of Azerbaijan Republic (SOCAR) will be taken in the second quarter of 2014, SOCAR’s report published on its website said on Friday. “Till the end of…
Introduction The US Geological Survey (USGS) estimates that 13% of the world’s conventional oil resources and 30% of the world’s conventional natural gas resources are located in the Arctic region. In addition, significant mineral deposits are found in the region. Although such assessment is always uncertain, the USGS estimates that one-quarter of the world’s remaining…
Israel’s Prime Minister’s Office, Finance Ministry and Energy and Water Ministry have asked the country’s Supreme Court to bring forward a key hearing on gas exports, government sources said late Thursday. The request followed a decision earlier this week by the court to postpone to October 20 hearing appeals against a June government decision that…
Germany’s energy policies are a conundrum not led by efficiency computations, a member of the opposition Green party told Bloomberg. “What we are seeing is the schizophrenic situation of the renaissance of lignite plants while efficient power plants don’t get a chance to enter the market,” Stefan Wenzel said. RWE is planning to take power stations offline,…
Anglo-Dutch company Royal Dutch Shell has signed a deal with Ukraine to explore for natural gas in Ukraine’s Yuzovska deposit. Ukraine’s Energy and Coal Industry Minister Eduard Stavitskyy said on September 12 that Royal Dutch Shell and Ukrainian company Nadra Yuzovskaya signed the deal, which calls for the Anglo-Dutch company to spend some $500 million…
On September 11, 2013, the US Department of Energy (US DOE) announced that it has conditionally authorized Dominion Cove Point LNG to export US LNG to countries that do not have a Free Trade Agreement (FTA) with the United States. Subject to environmental review and final regulatory approval, Dominion’s Cove Point LNG terminal, located in Calvert County…
Računi za Infostan najverovatnije će se povećati za sve koji su priključeni na daljinski sistem grejanja, odnosno koji zavise od toplana i kućnih radijatora. Poskupljenje struje i gasa u prethodnim mesecima naterali su “Beogradske elektrane” da gradskoj upravi predlože veću cenu grejanja od 5,3 odsto. Prema rečima nadležnih iz ovog preduzeća, ukoliko zahtev bude odobren,…
The Russian government supports the Finance Ministry’s plan to gradually reduce the export duty and increase the mineral extraction tax (MET) on oil, Deputy Finance Minister Sergei Shatalov told reporters Friday. “The offer was approved yesterday at a meeting with (Prime Minister) Dmitry Medvedev and the day before yesterday at a meeting with President Vladimir…
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