By Robin Paxton ASTANA, Oct 2- U.S. oil company ConocoPhillips. Kazakh Oil and Gas Minister Sauat Mynbayev said that ConocoPhillips is ready to sell its 8.4 per cent stake in North Caspian Operating Company, the consortium developing Kashagan. "
*More assertive Kazakhstan sets eyes on ConocoPhillips stake. *Kashagan key to rapid rise in Kazakh oil output* Kazakh minister hopes field to produce first oil in March By Robin Paxton ASTANA, Oct 2- U.S. oil firm ConocoPhillips.
By Robin Paxton ASTANA, Oct 2- U.S. oil firm ConocoPhillips. Asked whether ConocoPhillips would sell its stake in the consortium, Mynbayev told reporters: "They have the intention of selling." Lyazzat Kiinov, the head of Kazakh state oil company KazMunaiGas, said the firm was "displaying interest" in buying the stake of ConocoPhillips.
New car sales in recessionary Italy plunged 25.7 percent in September from the same month a year ago to 109,178 vehicles, Italy's Transport Ministry said on Monday.
LONDON, Oct 1- Some of the world's biggest oil firms including Exxon Mobil and Shell are keen to play a part in developing Mozambique's huge gas fields, an executive from the country's national oil company said on Monday. "We are starting to see Shell in Mozambique, yes, not only Shell, all companies, even Exxon Mobil, Chevron.
MILAN, Oct 1- Italian energy group Edison said on Monday it had won a dispute with Eni to review the price of its long-term gas contract from Libya, its second gas arbitration victory in less than a month. In September Edison, which is owned by France's EDF, won in arbitration a 450 million euro discount on its liquefied natural gas supplies from Qatar's Rasgas.
HELSINKI, Oct 1- Finnish nuclear consortium Fennovoima dismissed its chief executive, saying it needed a different leader for its new phase, as it moves ahead with plans for a nuclear plant in Pyhajoki, northern Finland. The move comes as Fennovoima prepares to choose next year between Areva and Toshiba to supply the Pyhajoki reactor.
FRANKFURT, Oct 1- U.S. energy transmission developer Anbaric Transmission said it does not intend to bid for the German operations of Dutch power grid operator TenneT. now or in the future. Anbaric reacted to a media report which said the group is mulling taking a stake in German power grid operator TenneT and wants to invest around $4 billion.
KARLSRUHE, Germany, Oct 1- Germany's third-largest utility EnBW could end up selling more than a planned 1.5 billion euros in assets, the group's new chief executive said on Monday. High debt and the need for investment in new areas such as renewable energy have forced Germany's three top utilities to launch large asset sales worth a combined 23.5 billion euros.
COMMERZBANK Indicated 0.5 percent lower. Commerzbank on Saturday declined to comment on a magazine report that it planned to pay no dividend for its 2013 financial year.
Commerzbank on Saturday declined to comment on a magazine report that it planned to pay no dividend for its 2013 financial year.
Jim Cramer’s researcher, Nicole Urken, takes a look at the changing thesis on Mad Money for Total (TOT) based on incremental news.
Apache's purchase of new drilling acreage and Chesapeake's plans to cut natural gas production highlight the divergence in oil and gas prices that has made stock picking tricky.
Libya may only be the world’s 17th largest producer, but its oil is of a quality and grade that makes it invaluable to the larger market, says blogger John Kilduff.
Algae is fast-becoming a promising renewable fuel because it can grow nearly anywhere, can be blended with or replace most traditional fuels, and it’s not food. But algae is far from a perfect solution. Industry observers say it will take anywhere from five to 15 years for algae to be produced on a scale that would be meaningful to the nation’s fuel needs.
Demand from key institutional investors for shares in Glencore on its flotation has been well above the group’s expectations, particularly in Asia and the Middle East, according to bankers involved in the initial public offering. The Financial Times reports.
Italian stocks faced continued volatility Tuesday amid escalating violence against Libyan protesters who want veteran ruler Muammar Gaddafi to step down.
The Lightning Round is extended in this CNBC.com exclusive feature.
Global stocks were slightly lower in subdued trade on Tuesday, with weaker commodity shares offsetting gains in bank stocks. Experts tell CNBC to short energy companies when oil prices rise and that Japan is still cheap.
Wednesday's weather models reinforce that Hurricane Gustav could be the most powerful storm to rip through Gulf of Mexico oil and gas production areas since Katrina. It will be the first storm to test the industry's efforts to reinforce its oil and gas production infrastructure.