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PGNiG seeks price cut from Gazprom

WARSAW, Poland, Feb. 22 (UPI) — A Polish natural gas distributor filed a lawsuit against Russian natural gas company Gazprom, saying it wanted a 10 percent cut in prices.

Polskie Gornictwo Naftowe i Gazownictwo filed a suit in an international court…

Oil risks, rewards in Iraq’s Kurdish north

NORWALK, Conn., Feb. 22 (UPI) — It remains to be seen whether investors will have the patience to reap rewards from oil developments in the Kurdish north of Iraq, analysis finds.

In May, Iraq is expected to put around a dozen oil and natural gas blo…

Oil company excited about Turkmenistan

DUBAI, United Arab Emirates, Feb. 22 (UPI) — Caspian energy producer Dragon Oil announced plans for a lofty oil production target for the coming years in Turkmenistan.

Dragon’s primary focus is on the eastern waters of the Caspian Sea. Dragon, in an…

Shell finds oil in deep U.S. waters

HOUSTON, Feb. 22 (UPI) — Shell announced that it encountered oil at its Appomattox discovery in the deep waters of the Gulf of Mexico in the Mississippi Canyon block.

Shell said it encountered roughly 150 feet of oil pay in an appraisal well in the …

OMV upbeat about Libya, Yemen in 2012

VIENNA, Feb. 22 (UPI) — Austrian energy company OMV said in its earnings report that it aimed to return Libyan crude oil production to pre-war levels in 2012.

A NATO-led military operation in Libya curtailed oil production from one of North Africa’s…

IEA has mixed view on Danish energy

COPENHAGEN, Denmark, Feb. 22 (UPI) — Denmark is a leader in policies aimed at improving its energy sector but there’s room for improvement and more investment, the IEA said.

Denmark last year outlined a series of energy policies meant to make the co…

GOP blames Obama for high gas prices

WASHINGTON, Feb. 22 (UPI) — Republican lawmakers blamed energy policies from the Obama administration for the recent rise in gasoline prices.

Republican lawmakers in the House of Representatives passed a bill last week that called for more domestic …

Iran claims new oil deal with Ukraine

TEHRAN, Feb. 22 (UPI) — Iranian and Ukrainian entities are investing around $800 million to develop three oil fields in Iranian territory, an Iranian energy official said.

Ahmad Qalebani, managing director of the National Iranian Oil Co., said a con…

Former S. Korea assembly speaker indicted

SEOUL, Feb. 22 (UPI) — Former National Assembly Speaker Park Hee-tae and former presidential aide Kim Hyo-jae have been indicted for their alleged involvement in a political bribery scandal.

Park was indicted for allegedly bribing a fellow ruling pa…

IAEA talks to Iran amid saber rattling

WASHINGTON, Feb. 21 (UPI) — Iranian and international officials are meeting this week over the country’s controversial nuclear enrichment activities but odds of progress were seen as slim.

First, Iran was unwilling to recognize the team as inspector…

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