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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.

Romanian Ialomita Power Receives Permit for a 264MW Wind Farm

Romanian Ialomita Power Receives Permit for a 264MW Wind Farm

Romanian Ialomita Power, a subsidiary of EDP Renewables, has received the establishment permit for a 264MW wind farm in the Dobrogea region from the energy regulator ANRE, according to economica.net news portal.

Iran Says to Resume Nuclear Talks After Forming New Govt

Iran Says to Resume Nuclear Talks After Forming New Govt

Iran said Wednesday it would resume talks with world powers on its controversial nuclear program once president-elect Hassan Rowhani has been sworn in and a new negotiating team formed.

Saudi Crude Output, Exports Rise in May Vs April

Saudi Crude Output, Exports Rise in May Vs April

Oil production in Saudi Arabia, the world's largest exporter of crude, rose to 9.657 million barrels a day in May, compared with 9.31 million barrels a day a month earlier, while exports edged 4.6% higher during the same period, official data showed Wednesday.

Kashagan Oil Field Moves Closer to First Production

Kashagan Oil Field Moves Closer to First Production

The giant Kashagan oil field in Kazakhstan has moved one step closer toward first production with the introduction of gas into its offshore facility, the field's operator said in a statement Wednesday.

Shell, Sinopec, Total to Build Lubricants Facility in Singapore

Shell, Sinopec, Total to Build Lubricants Facility in Singapore

A joint venture between the regional units of Royal Dutch Shell PLC (RDSA.LN), Total S.A. (FP.FR) and China Petroleum & Chemical Corp. (600028.SH) will build a shared lubricants facility in Singapore, the companies said in a joint statement Tuesday.

Iraq Resumes Oil Flow from Kirkuk to Turkey - Shipping Agent

Iraq Resumes Oil Flow from Kirkuk to Turkey - Shipping Agent

Iraq has resumed pumping crude oil from the Kirkuk oil fields in the north of the country to the Mediterranean port of Ceyhan in Turkey after a halt that lasted 25 days, a Middle East shipping agent said Tuesday.

Italys API Says Refinery Reopens Six Months Ahead of Schedule

Italy's API Says Refinery Reopens Six Months Ahead of Schedule

Anonima Petroli Italiana SpA, a privately held Italian refiner and service-station operator, said Tuesday it has restarted operations at its Italian refinery after renovation works were completed ahead of schedule.

Egypts PM Asks Industry Veteran Mohamed Shoeib To Be New Oil Minister

Egypt's PM Asks Industry Veteran Mohamed Shoeib To Be New Oil Minister

Egypt's interim prime minister, Hazem el-Beblawi, has asked oil and gas industry veteran Mohamed Shoeib to serve as Minister of Petroleum and Mineral Resources, in a bid to tackle the deepening fuel crisis that is gripping the country, people familiar with the matter said Monday. Mr. Shoeib, the former chief of the Egyptian Natural Gas Holding Co., and the current head of the energy division of private equity firm Citadel Capital, hasn't yet accepted the post, the people said. He is expected to make a decision later Monday, one of the people said

Brazils Petrobras Sells Stakes in Five Offshore Blocks to BP

Brazil's Petrobras Sells Stakes in Five Offshore Blocks to BP

Brazil's state-run oil company Petroleo Brasileiro SA (PBR, PETR4.BR) has sold minority stakes in five oil exploration blocks in the promising Equatorial Margin region in northeastern Brazil to the U.K.'s BP PLC (BP). The blocks are all located in the Potiguar basin, part of Brazil's Equatorial Margin. Oil companies have been attracted to the area, hoping that recent discoveries off the coast of West Africa and French Guiana would translate to Brazil's coast

Italy, Malta Seek Accord on Mediterranean Oil, Gas Exploration

Italy, Malta Seek Accord on Mediterranean Oil, Gas Exploration

The prime ministers of Italy and Malta said Monday they aim to reach an accord that will allow the two Mediterranean countries to define offshore areas open for hydrocarbon exploration, possibly allowing for joint work to be carried out. "We are sure that this is the time that we will find an accord...or else nobody will reap the benefits," said Italian Premier Enrico Letta at a press conference in Rome with his Maltese counterpart Joseph Muscat

Shell Closes Nigerian Oil Pipeline Again Due to Leak

Shell Closes Nigerian Oil Pipeline Again Due to Leak

Royal Dutch Shell PLC's (RDSA) Nigerian unit has shut a trunk line of the Trans Niger Pipeline following a leak, barely a week after reopening it, the company said Friday.

Iran Denies Opposition Claim Of Hidden Atomic Site

Iran Denies Opposition Claim Of Hidden Atomic Site

Iran Friday denied claims by an exiled opposition group that it has built a new hidden nuclear site deep beneath a mountain near the town of Damavand in Tehran province.