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Russia's Zarubezhneft to Drill Cuba Oil Shelf in 2011 - CEO

Τετ, 14 Ιουλίου 2010 - 13:38

Russian state oil company Zarubezhneft plans to drill a shelf near Cuba in 2011, Zarubezhneft CEO Nikolai Brunich said on Wednesday.

Russia, Iran to Draft Roadmap for Energy Cooperation

Τετ, 14 Ιουλίου 2010 - 13:37

Russian and Iranian energy ministries have signed a joint statement expanding the two countries’ business cooperation in energy.

Exxon Offshore Projects Could Benefit From Oil Spill -Analyst

Τρι, 13 Ιουλίου 2010 - 18:53

The tragic Deepwater Horizon oil spill in the Gulf of Mexico could give Exxon Mobil Corp. (XOM) the opportunity to become the operator on many of its offshore joint venture projects on advantageous terms that will add value to the company through larger equity stakes in exchange for handling operations, says Fadel Gheit, analyst at Oppenheimer & Co.

BP Starts Test To Determine Success Of New Cap

Τρι, 13 Ιουλίου 2010 - 18:53

BP PLC (BP, BP.LN) will perform tests Tuesday to see if the recently placed sealing cap has the ability to shut in the well that is gushing oil into the Gulf of Mexico, a company vice president said.

Kazakhstan Slaps Chevron, Eni Projects With Duty

Τρι, 13 Ιουλίου 2010 - 18:53

Kazakhstan Tuesday revived export duties on oil and confirmed the Karachaganak project and the Tengizchevroil project involving Chevron Corp. (CVX) and Exxon Mobil Corp. (XOM) will be required to pay.

Chile Sees Some $8B Investments In Alternative Renewables Over 10 Years

Τρι, 13 Ιουλίου 2010 - 18:52

Investments in alternative renewable energy sources in Chile over the next decade will be at least $8.0 billion, the Energy Ministry said Monday.

Abu Dhabi Crown Prince Says Mulling BP Investment

Τρι, 13 Ιουλίου 2010 - 18:52

Abu Dhabi is considering making an investment in BP PLC, the oil-rich emirate's Crown Prince Sheik Mohammed bin Zayed Al Nahyan said, Bloomberg News reports Tuesday.

Bulgaria Faces EU Anger over Wind Energy Restrictions

Τρι, 13 Ιουλίου 2010 - 13:30

The European Commission may launch an infringement procedure over limitations on projects for producing energy from wind-energy sources, the Bulgarian wind-energy association has warned, Sofia News Agency wrote.

U.S. Administration Issues New Moratorium on Offshore Drilling

Τρι, 13 Ιουλίου 2010 - 13:23

The U.S. Department of the Interior announced a new moratorium on deep-water offshore oil drilling on Monday, three weeks after a New Orleans federal judge rejected the first ban.

RWE Committed To Nabucco Project - Spokesman

Δευ, 12 Ιουλίου 2010 - 18:45

German utility RWE AG (RWE.XE) is committed to the Nabucco pipeline project, a company spokesman said Monday.

Iran Near To Having Potential To Build Nuclear Bomb-Medvedev

Δευ, 12 Ιουλίου 2010 - 18:45

Iran is close to having the potential to build a nuclear weapon, Russian President Dmitry Medvedev said Monday, in the clearest indication of Moscow alarm over Tehran's atomic drive.

Enel Opens World's 1st 16MW Hydrogen-Run Plant

Δευ, 12 Ιουλίου 2010 - 18:45

Enel SpA (ENEL.MI) Monday said it opened the world's first hydrogen-run power plant as the Italian utility beefs up its green credentials ahead of the planned multibillion-euro sale of its renewables unit set for the fall.

BP: Close To Installing Cap Over Well, Could Be Done Monday

Δευ, 12 Ιουλίου 2010 - 18:44

BP PLC (BP, BP.LN) plans to install a new sealing cap Monday morning that could contain all of the oil spewing from the well as part of the U.K. oil giant's latest effort to the stop leak in the U.S. Gulf of Mexico, the company's chief operating officer said.

Eni CEO: To Sign Agreement With EGPC On Iraq Project

Δευ, 12 Ιουλίου 2010 - 18:44

Eni SpA (E) Chief Executive Paolo Scaroni said Monday he will sign an agreement later this month to work on a project in Iraq with Egypt's Egyptian General Petroleum Corporation.

US To Issue New Moratorium On Deepwater Drilling

Δευ, 12 Ιουλίου 2010 - 18:43

The Obama administration plans to issue a new order to halt deepwater oil and natural gas drilling projects Monday, two people familiar with the matter said.

Italy's Enel Says Talks on Sale of Bulgarian Power Plant In Progress

Δευ, 12 Ιουλίου 2010 - 15:36

Italy's Enel on Friday said the talks on the sale of its 73% stake in Bulgaria's Maritsa East 3 thermal power plant are still in progress. Earlier on Friday, Sofia-based Trud daily reported that the sale of the stake for 800 million euro ($630.5 million) will be officially announced within two weeks.