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Iraq To Buy 850 Million Cubic Feet A Day Iranian Gas

Iraq To Buy 850 Million Cubic Feet A Day Iranian Gas

Iraq has signed a deal with its former Gulf War foe Iran to import Iranian natural gas to feed its power plants near Baghdad in a step aimed at easing the country's electricity shortages, an Iraqi government spokesman said Monday.

Royal Dutch Shell To Increase Production in Brazil

Royal Dutch Shell To Increase Production in Brazil

Royal Dutch Shell PLC (RDSA.LN) said Monday that it and its partners, are expecting to boost production with two new deepwater projects at Parque das Conchas, BC-10, and the Bijupirá/Salema fields in Brazil.

Radioactive Water Leaked Into Sea at Fukushima -Tepco

Radioactive Water Leaked Into Sea at Fukushima -Tepco

The operator of the crippled Fukushima nuclear plant Monday admitted for the first time that radioactive groundwater has leaked out to sea, fuelling fears of ocean contamination.

Iraq Northern Oil Exports On Hold Since Sunday - Shipper

Iraq Northern Oil Exports On Hold Since Sunday - Shipper

Iraq's crude oil exports from northern Kirkuk oil fields to the Mediterranean port of Ceyhan in Turkey has been on hold since Sunday. The flow was briefly resumed last week after a suspension that lasted for more than three weeks, a Middle East shipping agent said Monday.

RWE Eyes More Savings to Mitigate Pressure on Power Generation

RWE Eyes More Savings to Mitigate Pressure on Power Generation

German utility RWE AG (RWE.XE) plans to step up its cost-cutting efforts by "several hundred millions of euros" to mitigate an expected sharp decline in earnings from its fleet of conventional power plants, a person familiar with the matter said Monday.

Federal Judge Denies BP Request to Freeze Spill Payments

Federal Judge Denies BP Request to Freeze Spill Payments

A federal judge Friday denied BP PLC's (BP, BP.LN) request to freeze all payments from its oil-spill settlement fund while former FBI Director Louis Freeh investigates alleged wrongdoing by fund lawyers.

UK Offers Tax Breaks to Kick-start Shale Gas Production

UK Offers Tax Breaks to Kick-start Shale Gas Production

Producers of shale gas in the U.K. will be offered tax breaks that more than halve the amount they pay on profits, the government said Friday, in a move designed to kick-start the embryonic industry.

Enel Green Power Wins Two Contracts in Mexico Worth $485 Million

Enel Green Power Wins Two Contracts in Mexico Worth $485 Million

Enel Green Power SpA (EGPW.MI), one of Europe's biggest renewable energy companies by market value, Monday said it won two wind power contracts in Mexico worth a combined $485 million as it expands in countries with strong economic growth.

GDF Suez Grants $480M Contract To Alstom In U.S

GDF Suez Grants $480M Contract To Alstom In U.S

GDF Suez Energy North America, a unit of GDF Suez SA (GSZ.FR), has awarded Alstom SA (ALO.FR) a long-term service contract to give its power plant fleet new flexibility, for EUR360 million or $480 million.

Turkish Cypriots Work to Clean Oil Spill

Turkish Cypriots Work to Clean Oil Spill

Dozens of workers on Thursday struggled to contain the pollution caused by an oil spill along the coastline of northeast Cyprus, officials said.

OPEC Oil Shipments to Rise 40,000 B/D in 4 Weeks to Aug 3

OPEC Oil Shipments to Rise 40,000 B/D in 4 Weeks to Aug 3

Seaborne oil shipments from the Organization of the Petroleum Exporting Countries will rise by 40,000 barrels a day in the four weeks to Aug. 3, compared with the previous four-week period, U.K.-based tanker tracker Oil Movements said Thursday.