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RWE CEO: Nuclear Power Is Key To Meet Climate Targets

RWE CEO: Nuclear Power Is Key To Meet Climate Targets

RWE AG's Chief Executive Juergen Grossmann has warned that the German utility may not reach its carbon dioxide emissions targets without nuclear power plants, monthly magazine Capital reports Monday.

French Government To Carry On Shale Gas Scientific Study

French Government To Carry On Shale Gas Scientific Study

The French government confirmed to all companies concerned that the scientific study about the environmental impact from shale gas and oil extracting will be carried on and even prolonged, the Energy Ministry said Monday.

IEA Chief Sees Oil Market Tightening Towards Summer

IEA Chief Sees Oil Market Tightening Towards Summer

The oil market will tighten towards summer, a condition that should compel OPEC to take action when it next meets in June, the head of the International Energy Agency said Monday.

OPEC Must Up Output To Avoid Spike -JPMorgan

OPEC Must Up Output To Avoid Spike -JPMorgan

Such actions as Saudi Arabia's cut in oil output in March [by around 800,000 barrels from February due to weak demand], confirmed Sunday by oil minister Ali al-Naimi, could result in a price spike, says a JPMorgan note.

GE Combined-Cycle System Shipped for Greeces New Power Plant

GE Combined-Cycle System Shipped for Greece's New Power Plant

GE has shipped advanced gas turbine combined-cycle equipment for the Megalopolis Power Plant in Central Peloponnesus, Greece. The combined-cycle package will replace four lignite-fired units at the site to help the country meet both its energy and environmental goals.

EAPC Bidding in Cypriot Fuel Terminal Tender

EAPC Bidding in Cypriot Fuel Terminal Tender

Eilat Ashkelon Pipeline Company Ltd. (EAPC) has submitted a bid in a Cypriot tender to build and operate a fuel terminal, the company's first foreign venture. The terminal is part of strategic energy project under construction between Larnaca and Limossol at Vassilikos on Cyprus's southern coast.

Rosneft CEO: Not Discussing Joint Buyout Of TNK-BP

Rosneft CEO: Not Discussing Joint Buyout Of TNK-BP

Russian oil producer OAO Rosneft (ROSN.RS) isn't in talks with BP PLC (BP) to buy out the U.K. oil major's Russian partners in the TNK-BP Ltd. joint venture, the Interfax news agency reports Friday, citing Rosneft Chief Executive Eduard Khudainatov.

Snags In Fuel Imports Turn The Screw On Libyas Gadhafi

Snags In Fuel Imports Turn The Screw On Libya's Gadhafi

International political pressure is hitting the regime of Col. Moammar Gadhafi's Libya where it hurts--fuel imports that could be critical to sustain its war effort against the rebels.

Brazils Petrobras To Hike Gas Price By 12% -Report

Brazil's Petrobras To Hike Gas Price By 12% -Report

The Brazilian state-run energy company Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras, will hike natural gas price by 12%, reported in its Friday edition the local newspaper O Estado de Sao Paulo.

Greece Outlines 5-Year Austerity Plan, Details Privatizations

Greece Outlines 5-Year Austerity Plan, Details Privatizations

Greece's government Friday outlined plans to take a further EUR26 billion in new austerity measures over the next five years, and said it would sell down its stake in key state-owned enterprises in an effort to reduce its giant debt.

Statoil Awarded Licenses Close To Major Oil Find

Statoil Awarded Licenses Close To Major Oil Find

Norwegian oil and gas firm Statoil ASA (STL.OS) has been awarded 11 licenses in Norway's most recent licensing round, the Norwegian ministry of petroleum and energy said in a statement Friday.

Bulgarian Energy Holding Sacks NEKs Head

Bulgarian Energy Holding Sacks NEK's Head

The board of directors of Bulgarian Energy Holding (BEH) has unanimously decided to release Krassimir Purvanov from his position of chief executive officer of the National Electricity Company (NEK), the country's Economy Ministry said in a statement on Thursday.