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Central & Eastern Europe Oil & Gas News is an EIN News Service for oil and gas industry professionals. Constantly updated news and information about Central & Eastern Europe Oil & Gas.
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Latest Central & Eastern Europe Oil & Gas News

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  • Russia Cuts Gas To Armenia After Pipeline Mined 15 Dec 2009 15:35 GMT
    ... Russia Cuts Gas To Armenia After Pipeline Mined MOSCOW (Reuters) -- Russia halted gas ... the cut, a spokeswoman for the Georgian Oil and Gas Corporation told Interfax news agency. ...

  • Russia restores gas to Armenia after pipeline mined 15 Dec 2009 01:11 GMT
    ... The headquarters of Russia's gas monopoly Gazprom is seen in Moscow January 15, ... day when bombs were found under a pipeline in the volatile southern region of Ingushetia. ... the cut, a spokeswoman for the Georgian Oil and Gas Corporation told Interfax news agency. ...

  • Belarus Gets Extended Discount on Gas Imports 15 Dec 2009 03:41 GMT
    ... Belarus Gets Extended Discount on Gas Imports MOSCOW — Belarus will get Russian gas ... inaugurated in July 2011. Semashko also said LUKoil, Russia’s second-largest oil producer, and other Russian ... require that potential bidders provide guarantees of crude supplies and be able to market the ...

  • Crude decline -- Oil price drops below $70 a barrel for first time since Oct. as demand falters 15 Dec 2009 03:09 GMT
    ... Crude decline -- Oil price drops below $70 a barrel for ... to settle at $1.8416 a gallon. Natural gas fell 13.5 cents to settle at $5.163 per ...

  • Exxon's Natural Gas Holdings Expand 15 Dec 2009 01:10 GMT
    ... in debt. company, to expand in shale gas, an area that has grown tremendously in ... The acquisition extends Exxon's bet that fossil fuels will remain a critical part of the ... enable development of additional supplies of unconventional oil and gas resources, benefiting consumers both here ...

  • Exxon Mobil to buy XTO Energy in big US gas bet 15 Dec 2009 08:58 GMT
    ... the forefront of North America's fast-growing natural gas industry. With the buy, Exxon, the largest ... leading developers of unconventional resources including shale oil and gas or gas trapped in sands ... been under pressure as inventories of the fuel rose to record high levels, but prices ...

  • New Natural Gas Pipeline From Central Asia Feeds China 15 Dec 2009 01:10 GMT
    ... MOSCOW - With the turn of a ceremonial ... Monday, significantly increasing China's access to the fuel and providing the first major alternative to ... first major alternative to exporting the region's gas through Russia. The ambitious project runs 1,140 ...

  • New Gas Pipeline From Central Asia Feeds China 15 Dec 2009 01:50 GMT
    ... MOSCOW - With the turn of a ceremonial ... Monday, significantly increasing China's access to the fuel and providing the first major alternative to ... first major alternative to exporting the region's gas through Russia. The ambitious project runs 1,140 ...

  • Hungary's MOL spuds Bijeel-1 well in Kurdistan region of Iraq 15 Dec 2009 15:54 GMT
    ... Gulf Keystone Petroleum Ltd. has announced on Tuesday that the ... Kalegran Ltd. (80%) a subsidiary of Hungarian oil and gas group MOL. The Bijeel-1 well will target prospective ...

  • In Exxon Deal, Signs of Rising Interest in Hard-to-Reach Natural Gas 15 Dec 2009 03:02 GMT
    ... grew almost unnoticed into the nation's second-largest gas producer, amassing a substantial portfolio of gas ... deal valued at $31 billion, the biggest oil and gas deal in four years. to ... The acquisition extends Exxon's bet that fossil fuels will remain a critical part of the ...

  • UPDATE 1-Tatneft profit soars on Ukraine cash, sales fall 15 Dec 2009 11:55 GMT
    ... MOSCOW, Dec 15 (Reuters) - Russian oil firm said nine-month profit rose sharply, boosted by ... but sales fell along with oil and petroleum product prices. Russia's sixth-largest oil firm said ... refinery and not paying for supplies of crude. It said January-September net profit rose 55 ...

  • Exxon Mobil to buy natural gas specialist: Purchase would boost reserves of a fuel with a growing market 15 Dec 2009 03:01 GMT
    ... Mobil moved to bolster its U.S. natural gas reserves by announcing a $41 billion agreement ... to acquire XTO Energy, a 23-year-old independent oil and gas company. Analysts called the acquisition ... that natural gas would be the fastest-growing fuel over the next 30 to 40 years," ...

  • Exxon Mobil to buy natural gas specialist 15 Dec 2009 03:07 GMT
    ... Mobil moved to bolster its U.S. natural gas reserves by announcing a $41 billion agreement ... to acquire XTO Energy, a 23-year-old independent oil and gas company. Analysts called the acquisition ... that natural gas would be the fastest-growing fuel over the next 30 to 40 years," ...

  • ExxonMobil bets on gas with XTO deal for 41 billion dollars 15 Dec 2009 01:05 GMT
    ... The biggest US oil group said the all-stock takeover deal would ... position in the development of unconventional natural gas and oil resources." The transaction includes the ... highlights the growing importance of the cleaner-burning fuel amid concerns on greenhouse gases. The deal ...

  • Exxon's XTO deal could quicken pace of gas investment 15 Dec 2009 02:10 GMT
    ... buy a Fort Worth based energy independent, oil giant Exxon Mobil Corp. set the pace ... new extraction methods and demand for cleaner-burning fuel. Exxon Mobil said today it will acquire ... debt, banking on the future of natural gas as an accessible fuel source that may ...

  • Exxon Mobil bets $31 billion on natural gas 15 Dec 2009 05:55 GMT
    ... to buy a Fort Worth-based energy independent, oil giant Exxon Mobil Corp. set the pace ... of new investment in North American natural gas — a surge pushed by low prices, ... new extraction methods and demand for cleaner-burning fuel. Exxon Mobil said Monday it will acquire ...

  • Exxon Mobil bets $31 billion on natural gas: XTO Energy deal seen as bold response to shifts in environmental regulations 15 Dec 2009 07:32 GMT
    ... new extraction methods and demand for cleaner-burning fuel. Irving-based Exxon Mobil said Monday it will ... tightening environmental regulations, since emits less greenhouse gas than other fossil fuels. The deal, subject ... replaced as a transportation fuel," Bullock said, "oil will continue to be an important pat ...

  • Exxon fuels merger fever 15 Dec 2009 09:30 GMT
    ... to boost its production of unconventional natural gas and oil resources. (Reuters file photo) Shares in some ... a $41-billion US takeover of XTO Energy, fuelling speculation of more mergers in the sector, ...

  • Moscow will Fund Bulgarian Power Plant 15 Dec 2009 13:53 GMT
    ... which discussed joint energy projects including the Burgas-Alexandroupolis oil pipe and the South Stream gas link. ... impact assessment study of the planned Burgas-Alexandroupolis pipeline, before deciding whether to continue its participation, ...

  • Emerson To Digitally Automate The First Supercritical Coal-Fired Power Plant In The Czech Republic 15 Dec 2009 05:56 GMT
    ... will use the latest technology for Flue Gas Desulphurization (FGD) and ash handling to meet ... electricity generation more efficient, while also reducing fuel-related emissions. The Ledvice Power Plant began operation ... and wastewater treatment, metals and mining, chemical, oil and gas, refining, pulp and paper, food ...

  • Poland school board discusses store-card use in secret session 15 Dec 2009 06:17 GMT
    ... Published: Tue, December 15, 2009 @ 12:00 a.m. ... members urged an investigation into who claimed fuel savings from a Giant Eagle Advantage Card ... on the card to save money on gas. Card holders can save 10 cents per ...

  • The new Romania: Think Italy, not Dracula 15 Dec 2009 04:33 GMT
    ... By Zofia Smardz I say Romania, you say ... Dracula, right? Well, put ... Transylvania, very good skiing at East European prices. There’s also the Danube delta; it has ... World War II, Romania was the largest oil producer in Europe, so that’s the center of ...

  • New report, Ukraine Shipping Report Q1 2010, predicts steep drop in demand 15 Dec 2009 06:32 GMT
    ... Fast Market Research recommends "Ukraine Shipping Report Q1 2010" from Business Monitor ... storage rather than the actual transport of oil. It is in the climate of uncertainty ... our forecasts of the country's imports and exports to predict throughput trends for the next ...

  • EC president pays work visit to Bulgaria 15 Dec 2009 06:35 GMT
    ... Bulgarian Prime Minister Boyko Borisov (R) welcomes EU ... projects for the region such as the gas transit pipelines Nabucco and South Stream, and the Belene ...

  • INSTANT VIEW 2-Czech Nov PPI rises 0.4 pct m/m 15 Dec 2009 09:16 GMT
    ... - Prices of coke and refining product rose 6.0 ... than forecast result was mainly due to oil, and oil prices consequently hiked prices of refining ... consumer inflation, which is targeted by the Czech central bank (CNB). ...


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