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World Energy Briefing Hears of Peak Oil by 2020

World Energy Briefing Hears of Peak Oil by 2020

The world’s energy ministers are currently discussing a forecast of global oil supplies “peaking between 2020-2025.” The International Energy Forum is the world’s largest gathering of Energy Ministers, who collectively represent “more than 90 per cent of global oil and gas supply and demand.” It is meeting March 29 –31 at the Mexican resort of Cancun.

Obama to Announce Expanded Offshore Oil Drilling Plan

Obama to Announce Expanded Offshore Oil Drilling Plan

U.S. President Barack Obama will today announce proposals to allow oil and natural-gas drilling off U.S. coastlines in the Atlantic Ocean and Gulf of Mexico when he delivers a speech on energy security.

Greece Plans to Sell Global Dollar Bond by Early May

Greece Plans to Sell Global Dollar Bond by Early May

Greece plans to sell a global bond in dollars in the next two months to help raise 11.6 billion euros ($15.6 billion) in funding requirements by the end of May after investors lost money on its most recent sale.

Iranian Nuclear Scientist Defects to U.S.

Iranian Nuclear Scientist Defects to U.S.

An Iranian nuclear scientist who has been missing since June has defected to the United States and is helping the CIA, ABC news reported on Tuesday.

OPEC Undecided on Action if Oil Breaks from $70-80

OPEC Undecided on Action if Oil Breaks from $70-80

OPEC officials on Tuesday appeared undecided on how to respond if oil prices rose definitively above the $70-80 a barrel range they have praised this month, highlighting a looming challenge for the cartel.

A Bright Future Shines on the Solar Photovoltaic Electricity Market

A Bright Future Shines on the Solar Photovoltaic Electricity Market

The global solar photovoltaic electricity (PV) market counted an additional increase in installed capacity of about 6.4 GW in 2009, reaching a total capacity of over 20 GW world-wide. This has been the most important annual capacity increase ever and is particularly impressive in light of the difficult financial and economical circumstances during the past year.

Total Loses Appeal Over 1999 Erika Oil Spill

Total Loses Appeal Over 1999 Erika Oil Spill

French oil giant Total SA (FP.FR) Tuesday lost a bid to overturn a Paris court decision finding it guilty of negligence over a 1999 shipwreck and oil spill off the coast of Brittany.

Repsol: Iran LNG Proj Moving Slowly, FID Seen By 2012

Repsol: Iran LNG Proj Moving Slowly, FID Seen By 2012

Spain's Repsol YPF SA (REP) said Tuesday a planned liquefied natural gas, or LNG, project in Iran with Royal Dutch Shell PLC (RDSA) and National Iranian Oil Co. is "going slow, with a final investment decision now expected by 2012.

China Sets Up Panels To Set Standards For Wind Energy Equipment –Xinhua

China Sets Up Panels To Set Standards For Wind Energy Equipment –Xinhua

China's National Energy Administration has set up panels to create technical standards for wind-power equipment, the state-controlled Xinhua News Agency reported Tuesday, without naming its source, as Beijing tries to curb excess capacity in the wind-power sector.

Lukoil, Iraq Discuss West Qurna Phase 2 Plan – Official

Lukoil, Iraq Discuss West Qurna Phase 2 Plan – Official

Technical teams from Lukoil OAO (LKOH.RS) and its Iraqi state partner, South Oil Co., met in Basra Sunday to start the approval process for a preliminary development plan and initial budget for the supergiant West Qurna Phase 2 oil field in southern Iraq, a senior Iraqi oil official said Tuesday.

EU Warned Fuel Quality Plans Will Increase Oil Emissions

EU Warned Fuel Quality Plans Will Increase Oil Emissions

Draft rules on implementing the EU's Fuel Quality Directive would allow imports of tar sand and other energy intensive oils to the EU, undermining greenhouse gas emission savings, environmentalists have warned.

Shell Eyes 175,000 BOE/D From Iraqs Majnoon Field By 2012-Exec

Shell Eyes 175,000 BOE/D From Iraq's Majnoon Field By 2012-Exec

Royal Dutch Shell PLC (RDSA) plans to pump as much as 175,000 barrels of oil equivalent a day in 2012 from Iraq's giant Majnoon oil field, ahead of its 1.8-million-barrel-a-day crude target seven years from now, a senior company executive said Monday.