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Shell To Start Drilling At Iraq Majnoon Oil Field In July

Shell To Start Drilling At Iraq Majnoon Oil Field In July

Royal Dutch Shell PLC (RDSA) along with its partners, Malaysia's Petronas and the Iraqi state Missan Oil Co., will start drilling the first new well in the super-giant Majnoon oil field in July, a company executive said Thursday.

Wind Power In Spain Reaches Historic High

Wind Power In Spain Reaches Historic High

Wind power became Spain's main source of electricity for the first time ever this month, in a country renowned for its focus on renewable energy, the power-generating authority REE said Thursday

Bulgaria Extends Deadline for Bourgas–Alexandroupolis Environmental Impact Study

Bulgaria Extends Deadline for Bourgas–Alexandroupolis Environmental Impact Study

Bulgaria's environment ministry will extend by another two months the deadline by which the investor of the Bourgas-Alexandroupolis oil pipeline, Trans Balkan Pipeline, should complete its report on the environmental impact assessment of the project, minister Nona Karadzhova said on Wednesday.

China to Raise Renewable Power Tariffs Within 2 Years

China to Raise Renewable Power Tariffs Within 2 Years

China plans to raise the price of power generated from renewable sources over the next two years in order to stimulate clean energy investment, China's electricity regulator said on Thursday.

Iran Influence in Azerbaijan May Unsettle BP’s Oil Investments

Iran Influence in Azerbaijan May Unsettle BP’s Oil Investments

Hajiaga Nuri, an elder in an impoverished village north of Azerbaijan’s capital of Baku, is part of the region’s first Islamic push against a pro-Western leader after similar regimes were ousted in the Middle East.

Poland, Czech Republic Eye Power Market Integration

Poland, Czech Republic Eye Power Market Integration

Poland's largest energy bourse – PolPX – and Czech market operator OTE are in talks about joining their power markets, possibly later in 2011, the chief of the Polish bourse Grzegorz Onichimowski said on Tuesday (29 March).

Obama To Speak On Energy Policy

Obama To Speak On Energy Policy

President Barack Obama, under pressure to respond to rising gas prices, will outline Wednesday a series of initiatives to cut the nation's reliance on foreign oil, including new initiatives to expand oil production, increase the use of natural gas to power vehicles and increase production of ethanol.

China, France To Boost New Energy, Nuclear Safety Cooperation

China, France To Boost New Energy, Nuclear Safety Cooperation

Chinese President Hu Jintao and French President Nicolas Sarkozy agreed to boost cooperation in areas including new energy, "new materials" and especially nuclear safety during a meeting between the two leaders, Chinese state television reported Wednesday.

Qatar Oil Min Says No Need For OPEC Crisis Meeting Yet

Qatar Oil Min Says No Need For OPEC Crisis Meeting Yet

Qatar's oil minister said Wednesday there is no need for Organization of Petroleum Exporting Countries to call an emergency meeting to address the present crude oil price, which has hovered above the $100-a-barrel mark for most of the month.

Iberdrola To Price EUR750M 6-Year Bond At Swaps +1.43

Iberdrola To Price EUR750M 6-Year Bond At Swaps +1.43

Spanish utility Iberdrola SA (IBE.MC) has set final price guidance on its EUR750 million, six-year bond at 143 basis points above midswaps, one of the banks leading the sale said Wednesday.

Libya Says Will Sue Over Energy Deals Struck With Rebels

Libya Says Will Sue Over Energy Deals Struck With Rebels

Libya on Wednesday said it would sue any international companies which strike energy deals with rebels, Reuters reported on its website, citing a government statement carried by Libya's Jana news agency

Terna to Invest $346 mln in US Wind Parks

Terna to Invest $346 mln in US Wind Parks

Terna Energy, one of Greece’s largest providers of renewable energy, will acquire 10 US companies with licenses to build wind parks generating 178 megawatts (MW) of power in a $346 million (246-million-euro) investment, the company said on Tuesday.

Turkeys Calik Enerji, Iraq Sign $388.5M Gas Plant Deal

Turkey's Calik Enerji, Iraq Sign $388.5M Gas Plant Deal

Turkish energy firm Calik Enerji has signed a $388.5 million deal to build a natural gas plant near Mosul, Iraq, the company said Tuesday, the Ihlas News Agency, or IHA, reported.