English Edition

Iran Says OPEC Ready To Respond To Oil Market Gaps

Iran Says OPEC Ready To Respond To Oil Market Gaps

A top official of Iran, which holds the presidency of the Organization of the Petroleum Exporting Countries, was quoted as saying Wednesday that the group is ready to make up for gaps in the markets.

Iran Rejects IAEA Report On Nuclear Work

Iran Rejects IAEA Report On Nuclear Work

Iran Wednesday dismissed as unfounded a United Nations nuclear agency report on the possible military aspect of Tehran's atomic drive, saying the body was deviating from the rules under Western influence.

India April Crude Oil Imports Rise 6% On Year

India April Crude Oil Imports Rise 6% On Year

India's crude oil imports in April rose 6% from a year earlier, helped by an expanding economy and as growing auto sales boosted demand for transportation fuels.

Challenges of Using Variable Renewables in Power Systems are Surmountable - IEA

Challenges of Using Variable Renewables in Power Systems are Surmountable - IEA

A new book from theInternational Energy Agency(IEA),Harnessing Variable Renewables: a Guide to the Balancing Challenge, presents a novel method of assessing the resources needed to balance supply and demand in power systems with large shares of ‘variable’ renewables, such as solar photovoltaic, wind and tidal energy. The report, which features case studies of eight geographic regions with sharply different power attributes, shows that there is a greater technical potential for balancing variable renewable energy output than is commonly assumed.

Special Report: European Solar Wobble Spurs China Deals

Special Report: European Solar Wobble Spurs China Deals

A slowdown in subsidies for solar power across European countries has encouraged companies to look oversees for greener pastures, threatening Europe's lead in this promising high-tech sector.

EU Sees Solar Power Imported from Sahara in Five Years

EU Sees Solar Power Imported from Sahara in Five Years

Europe will import its first solar-generated electricity from North Africa within the next five years, European Energy Commissioner Günther Oettinger said in an interview on Sunday.

Shell Slammed for Serious Safety Slips

Shell Slammed for Serious Safety Slips

Anglo-Dutch supermajor Shell has been hit with a safety order from the Norwegian authorities following an investigation into a well incident on the Draugen platform in December last year.

Russia to Auction Part of Sakhalin Chaivo Oil and Gas Deposit

Russia to Auction Part of Sakhalin Chaivo Oil and Gas Deposit

The Russian government has instructed the Subsoil Use Agency to hold a tender in 2011 for a hydrocarbon deposit in the Sea of Okhotsk off Russia's Pacific Island of Sakhalin, the government said in a statement on Tuesday.

Iraq Reaches Initial Accord With Iran To Supply Gas

Iraq Reaches Initial Accord With Iran To Supply Gas

Iraq has signed an initial agreement with its neighbor, Iran, to supply 25 million cubic feet a day of natural gas, a spokesman for the Iraqi electricity ministry said Monday.

Turkey Plans New Tender for Baskent Dogalgaz In June or July

Turkey Plans New Tender for Baskent Dogalgaz In June or July

Turkey will hold a new privatization tender for state natural gas distributor Baskent Dogalgaz in June or July, expecting to complete the sale by the end of the year, Turkish finance minister Mehmet Simsek said Monday.

TEPCO: Quake Didt Cause Loss Of Reactor Cooling Water -Kyodo

TEPCO: Quake Did't Cause Loss Of Reactor Cooling Water -Kyodo

The devastating March 11 earthquake didn't cause any loss of cooling water at the Fukushima Daiichi nuclear power plant, the plant operator said Monday, denying the temblor was responsible for a nuclear fuel meltdown at the plant's No. 1 reactor, Kyodo News reported.

Iran Oil Ministry Says Ahmadinejad Wont Attend OPEC Meet -Agency

Iran Oil Ministry Says Ahmadinejad Won't Attend OPEC Meet -Agency

Iran's Oil Ministry quashed reports that the country's President Mahmoud Ahmadinejad would attend the June meeting of the Organization of Petroleum Exporting Countries, according to the official state news agency Irna Monday.

Russia Energy Minister: No Chance To Revive Of BP-Rosneft Deal

Russia Energy Minister: No Chance To Revive Of BP-Rosneft Deal

Russian Energy Minister Sergei Shmatko said Monday he doesn't expect BP PLC (BP)and OAO Rosneft (ROSN.RS) to be able to revive their landmark strategic alliance after it was blocked by BP's existing Russian partners, but he said the two energy giants are continuing discussions.