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EU Clears Chemical Co Ineos To Buy Norsk Hydro Polymers Unit

EU Clears Chemical Co Ineos To Buy Norsk Hydro Polymers Unit

The European Commission Wednesday cleared U.K. chemicals company Ineos Group Ltd. to buyNorwegian polymers producer Kerling ASA, belonging to Norsk Hydro ASA (NHY.OS), in a deal worth 5.5 billion kroner (EUR680 million).

Hellenic Shipyards Obtains Specialty Platform Contract

Hellenic Shipyards Obtains Specialty Platform Contract

Hellenic Shipyards SA, a unit of German industrial conglomerate ThyssenKrupp AG (TKA.XE), said Tuesday it has obtained a multimillion-euro contract to build a specialty platform for German engineering giant Hochtief Construction AG (HOT.XE).

Kirkuk Oil Flow To Ceyhan Stopped; 1.4M Bbls Stored -Shipper

Kirkuk Oil Flow To Ceyhan Stopped; 1.4M Bbls Stored -Shipper

Oil shipments from Iraq's Kirkuk oil fields into the Turkish Mediterranean export terminal of Ceyhan are still on hold, a local shipping agent said Tuesday at 1000 local time (0800 GMT), following reports that the flow had ground to a halt Friday.

Norway: Eni Confirms, Increases Size Of Gas Discovery

Norway: Eni Confirms, Increases Size Of Gas Discovery

Norway's petroleum directorate, or NPD said Tuesday that Italy's Eni SpA (E) has confirmed a gas and condensate discovery made in production license 122 in the Norwegian Sea and upped its size considerably after fresh appraisal drilling.

UKs J-Block Oil, Gas Fields Unlikely To Restart Tue -Conoco

UK's J-Block Oil, Gas Fields Unlikely To Restart Tue -Conoco

The U.K. North Sea's J-Block oil and gas fields are unlikely to resume operation Tuesday after an unplanned outage, but should return to full production within the next few days, a spokeswoman for field operator ConocoPhillips (COP) said Tuesday.

TNK-BP Unit Must Build Link To Gazprom Network - Vedomosti

TNK-BP Unit Must Build Link To Gazprom Network - Vedomosti

Rospan, the gas-producing subsidiary of Russian-U.K. energy venture OAO TNK-BP (TNBP.RS), must construct a link to OAO Gazprom's (GAZP.RS) network in order to ship bigger volumes, the Vedomosti business daily reported Tuesday, citing a TNK-BP spokesman.

Chevron: Tengiz Oil Expansion Starts Up With 90,000 B/D

Chevron: Tengiz Oil Expansion Starts Up With 90,000 B/D

U.S. oil major Chevron Corp. (CVX) said Tuesday its $6 billion expansion project in Kazakhstan is pumping 90,000 barrels a day and is expected to hit full capacity later this year.

EU Offers Serbs Cooperation Pact

EU Offers Serbs Cooperation Pact

The European Union, eager to encourage pro-European Serbians voting in a presidential election runoff, invited Serbia yesterday to sign an interim political accord on February 7, days after Sunday’s decisive poll.

Coca-Cola Hellenic to Build Power Plants, Cut Emissions

Coca-Cola Hellenic to Build Power Plants, Cut Emissions

Coca-Cola Hellenic Bottling Company, the world’s second-biggest bottler of Coke beverages, will have new power plants built at a cost of –225 million ($331 million) as the European Union tightens rules to cut greenhouse emissions by a fifth over the next 12 years.

Sabanci to Pick Nuclear Partner Soon

Sabanci to Pick Nuclear Partner Soon

Turkey’s Sabanci Holding will choose by mid-March from up to six European and Asian companies to partner its bid in a Turkish nuclear power plant tender, the head of Sabanci’s energy group said yesterday.

Iran Receives Final Load Of Russian Uranium For Nuclear Plant

Iran Receives Final Load Of Russian Uranium For Nuclear Plant

Iran received the final shipment of uranium fuel from Russia on Monday for its first nuclear plant, state media reported, a key step toward the launch of the reactor's operations expected later this year.

France,Germany To Unveil Alternative To EU Energy Measures-FT

France,Germany To Unveil Alternative To EU Energy Measures-FT

France and Germany will unveil this week a third alternative to the European Commission's energy unbundling measures that would prevent the forced breakup of their power companies, The Financial Times reports.