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Tony Hayward Likely To Resign TNK-BP Role Soon

Tony Hayward Likely To Resign TNK-BP Role Soon

Chief Executive Tony Hayward, who became a lightning rod for criticism over the company's U.S. oil-spill disaster last year, is preparing to sever his last tie with the U.K. energy giant.

Explosion At French Nuclear Facility Kills 1,Hurts 4

Explosion At French Nuclear Facility Kills 1,Hurts 4

One person was killed and four injured Monday following an explosion at a nuclear waste treatment facility owned by power giant Electricite de France SA in Southern France.

Saudi Crude Output at Record High

Saudi Crude Output at Record High

Saudi crude output at 30 year highs pushed up Opec production in August to levels seen before the Libyan civil war shut in supply, at just over 30mn b/d. Saudi Arabia produced 9.8mn b/d, 1.2mn b/d more than its output in January before Libyan production was disrupted.

Nairobi Pipeline Blaze Kills 100

Nairobi Pipeline Blaze Kills 100

More than 100 people have died after a petrol pipeline explosion and fire in Kenya's capital, Nairobi, police say. The blast took place in the city's Lunga Lunga industrial area, and police and troops cordoned off the area as firefighters battled fierce flames in the surrounding shanty town.

Serbia Will Supply Bosnian Market with Gas

Serbia Will Supply Bosnian Market with Gas

Director of Serbian Gas company "Srbijagas" Dusan Bajatovic said that the upcoming heating season will be provided sufficient quantities of gas to market in Bosnia.

Bulgargas Proposed for a 14 per cent Increase in Natural Gas Prices

Bulgargas Proposed for a 14 per cent Increase in Natural Gas Prices

Bulgaria's state-run gas monopoly Bulgargas said on September 9 2011 that it had submitted to the State Energy and Water Regulatory Commission (SEWRC) a proposal for a 14 per cent increase in natural gas prices from October 1 2011 reports Sofia Echo.

Russian High-Ranking Officials to Visit Bushehr Start-up Ceremony

Russian High-Ranking Officials to Visit Bushehr Start-up Ceremony

The Bushehr nuclear power plant will be officially inaugurated in Iran’s southern province on Monday. Taking part in the ceremony will by Russian Energy Minister Sergei Shmatko, the head of the Russian state-run nuclear power corporation Rosatom, Sergei Kiriyenko, Iran’s Foreign Minister Ali Akbar Salehi, the president of the Atomic Energy Organization of Iran Fereydoon Abbasi-Davani and Iran’s Energy Minister Majid Namjoo.

Toshibas Exposure To Nuclear Wind Chill Grows

Toshiba's Exposure To Nuclear Wind Chill Grows

Just as the nuclear industry faces growing uncertainty brought on by the crisis in Japan, Toshiba Corp. (6502.TO) is having to spend more than $1.6 billion to raise its stake in U.S. nuclear energy firm Westinghouse to 87% from the current 67%.

Senior Libyan General Flees to Niger - BBC

Senior Libyan General Flees to Niger - BBC

One of Moammar Gadhafi's senior generals has fled to Niger, the BBC reports Friday on its website, citing unnamed local sources.

Hungary Signs Agreement On Slovak Gas Interconnector

Hungary Signs Agreement On Slovak Gas Interconnector

Slovak gas transmission system operator Eustream and Hungary's OVIT Zrt., a unit of state-owned power group MVM Zrt., have signed an agreement to pursue the Hungarian-Slovak gas pipeline interconnector project, the companies said in a statement Friday.

Japan Ends Limits On Electricity Usage -Kyodo

Japan Ends Limits On Electricity Usage -Kyodo

Japan on Friday night ended months of government-mandated electricity-saving, imposed for the first time in 37 years to battle power supply constraints amid the Fukushima nuclear crisis, Kyodo News reported.

Shell On Track To Deliver Growth Targets For 50%-80% Cashflow By 2012

Shell On Track To Deliver Growth Targets For 50%-80% Cashflow By 2012

Royal Dutch Shell PLC (RDSA.LN), Friday confirmed that it has made solid progress in starting up three world-class oil & gas projects in 2011, which at peak will add some 400,000 barrels oil equivalent, and is on track to deliver its strategic targets for 50-80% growth in cash flow from operations from 2009 to 2012.

E.ON To Combine Management Of Global Gas, Energy Trading Units

E.ON To Combine Management Of Global Gas, Energy Trading Units

E.ON AG (EOAN.XE) Friday announced plans to combine the management boards of its units E.ON Ruhrgas and E.ON Energy Trading in the latest sign that the German utility intends to pool parts of its global natural gas and energy trading businesses.

Q&A on Global Liquefied Natural Gas Markets -IEA

Q&A on Global Liquefied Natural Gas Markets -IEA

IEA Senior Gas Analyst Anne-Sophie Corbeau looks at the role LNG will play over the next few years. How did LNG markets evolve over the last few years?The last two years witnessed a dramatic expansion in global liquefaction capacity, which increased by over 100 billion cubic metres (bcm) (+39%). In 2010 alone, LNG trade jumped by an astounding 21%, to around 300 bcm, which amounts to 9% of the total global demand for gas.

New IEA Chief Defends Nuke Power

New IEA Chief Defends Nuke Power

The new chief of the International Energy Agency, or IEA, Maria van der Hoeven said Wednesday nuclear power will have a place in the future despite the Fukushima catastrophe and the decision by some countries to opt out.