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Europe Can Make 30% Emissions Cuts, EU Figures Show

Europe Can Make 30% Emissions Cuts, EU Figures Show

A 30% cut in greenhouse gas emissions is possible by 2020 if Europe meets its efficiency targets, according to the maths used by Climate Commissioner Connie Hedegaard.

PPC, Alapis Sign Deals With Chinese Partners

PPC, Alapis Sign Deals With Chinese Partners

Power utility PPC and pharmaceutical company Alapis announced deals on Wednesday hooking up with Chinese partners eyeing growth opportunities in south eastern Europe.

Gazprom Mngt Recommends 2010 Dividend Of RUB2.7/Share

Gazprom Mngt Recommends 2010 Dividend Of RUB2.7/Share

The management at Russian gas firm OAO Gazprom (GAZP.RS) has recommended its board to pay 2.7 rubles ($0.10) a share in 2010 dividends, a 13% increase from a year earlier, Russian news agencies reported Thursday citing unnamed sources.

Refiners Seen Too Weak To Drive Up Oil Price In Coming Months

Refiners Seen Too Weak To Drive Up Oil Price In Coming Months

The usual seasonal pickup in oil demand as refiners ramp up for the summer driving season may be too small this year to overcome doubts about weakening of oil demand growth that have dragged prices lower this week, according to industry experts.

Kuwait Resumes Oil Exports As Sandstorm Subsides

Kuwait Resumes Oil Exports As Sandstorm Subsides

State-owned Kuwait Petroleum Corp., or KPC, Thursday resumed oil exports after they were halted due to bad weather conditions a day earlier, state-run Kuwait News Agency, or Kuna, reports citing an official.

Chevron Plans Investment In Kazakh Wind Power

Chevron Plans Investment In Kazakh Wind Power

U.S. oil major Chevron Corp. (CVX) plans to develop a wind power project in Kazakhstan, the web site of the Kazakh president said Thursday, quoting Chevron Chief Executive John Watson during his visit to the Central Asian country.

Libyans Must Be Given Means To Defend Themselves - Qatar

Libyans Must Be Given Means To Defend Themselves - Qatar

Qatar's crown prince said the Libyan people must be given the means to defend themselves, at the start of a meeting of top-level diplomats and international organizations in Doha Wednesday.

Enough Gas To Fill Nabucco, No Downsizing Pipeline -RWE

Enough Gas To Fill Nabucco, No Downsizing Pipeline -RWE

There's more than enough natural gas to fill the Nabucco pipeline that is expected to transport gas from the Caspian and Middle Eastern regions to Austria through Turkey, and the consortium isn't considering downsizing the project, one of the venture's partners said.

Areva, Bulgarias BEH To Cooperate On Nuclear, Renewables

Areva, Bulgaria's BEH To Cooperate On Nuclear, Renewables

French state-controlled engineering firm Areva SA (CEI.FR) Wednesday said it signed a memorandum of understand with the Bulgarian Energy Holding Company to develop clean energy projects in Bulgaria based on the group's low-carbon technologies.

BHP Billiton Bought Billions Of Australian Dollars

BHP Billiton Bought Billions Of Australian Dollars

Anglo-Australian mining company BHP Billiton Ltd. (BHP, BHP.AU) purchased billions of Australian dollars as recently as several weeks ago, according to a person close to the trade. Now the question is: why?

BP Breaks Off Talks With Russian Partners AAR

BP Breaks Off Talks With Russian Partners AAR

BP PLC (BP) Wednesday broke off talks with its Russian billionaire partners in TNK-BP, on the eve of a deadline to complete a $16 billion share swap with Rosneft (ROSN.RS), the Financial Times reports on its website.

EU Ready To Lift Ivory Coast Sanctions: Diplomat

EU Ready To Lift Ivory Coast Sanctions: Diplomat

The European Union will work with Ivory Coast's government to remove all sanctions that were imposed to pressure Laurent Gbagbo to step down, a senior EU diplomat said Tuesday.

TNK-BP Plans To Seek $5B-$10B In Damages From BP

TNK-BP Plans To Seek $5B-$10B In Damages From BP

BP PLC's (BP) Russian joint venture TNK-BP Ltd. is planning to seek damages of up to $10 billion from the U.K. oil major, which TNK-BP accuses of breaching a shareholder agreement, people familiar with the situation said Tuesday.