Latest Shah Deniz gas field Stories
LONDON, April 24, 2012 /PRNewswire/ -- SOCAR announced last week that by the end of 2012, it will have signed a deal with BP for production-sharing on the second Azeri-Chirag-Guneshli field, which draws from the country's vast gas reserves. The developments with this and other major projects in the region will have a significant impact on gas supplies to Europe and Asia, so this deal is one of the many positive steps towards ensuring Caspian gas supplies will flow...
CHICAGO, April 19, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include IBM (NYSE: IBM), Eaton (NYSE: ETN), Caterpillar (NYSE: CAT), BP Plc (NYSE: BP) and ExxonMobil Corporation (NYSE: XOM). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Get the most recent insight...
Russia's hold on the European natural gas market is being challenged by a consortium of interests intent on building a pipeline from Turkey to central Europe. Officials from six countries are meeting in Turkey to sign an agreement to construct a pipeline that would run from Turkey to Austria, crossing through Bulgaria, Romania and Hungary, CNN reported Monday. The $11 billion project called Nabucco has U.S. support and would challenge the proposed South Stream pipeline Russia intends to...
By Share, Jeff Executive Profile As the world anxiously watches Russian bombs rain their death and destruction over neighboring Georgia, one bears in mind that energy pipelines are one of the key issues that is causing increased tensions between Russia, Georgia and several of its other Caspian neighbors in recent years. As of this writing (Aug. 13), Russia has reportedly stopped its assault short of destroying its pro-West neighbor and Georgia's vital Baku-Ceyhan crude oil pipeline. That...
Nabucco faces many difficulties, most significantly soaring construction costs and sourcing the gas. However, the EU ETS has the potential to make the project economically viable. Furthermore, Turkmenistan is showing signs of commitment to supply the pipeline, and although improved Western-Iranian relations are not on the horizon, Iran should be considered a viable supply solution in the long run. French utility GDF-Suez has reiterated its interest in following in the footsteps of German...
Text of article headlined: "Iran ready to buy part of Shah Deniz gas field from Azerbaijan" published by Iranian newspaper Jomhuri- Ye Eslami, on 2 Aug Tehran, 2 Aug: During some discussions with Azerbaijan, the oil minister [Gholamhoseyn Nowzari] said that we have announced our readiness to buy a section of Shah Deniz field's natural gas. He said: A while ago, during a meeting that was held in the Oil and Gas Company of the Republic of Azerbaijan, some discussions were made regarding the...
By WEIR, James THE Momoho offshore Taranaki exploration well is being abandoned, having cost partners including New Zealand Oil and Gas and state- owned Genesis the thick end of $50 million. NZOG, one of the few sharemarket darlings left, barely skipped a beat, its shares falling five cents to $1.66. NZOG shares are up from $1 early this year because of high world oil prices and the Tui field proving bigger and better than expected. The partners had estimated Momoho could contain 100...
