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Nippon Oil To Buy 300,000 Tons/Year Gorgon LNG From Chevron

Nippon Oil To Buy 300,000 Tons/Year Gorgon LNG From Chevron

Nippon Oil Corp. (5001.TO) and Chevron Corp. (CVX) said separately Thursday that Nippon and Chevron's Australian unit have signed an agreement for the sale of 4.5 million metric tons of liquefied natural gas over 15 years, beginning in 2015, from Chevron's Gorgon project in Western Australia.

Iraq,Iran Agree To Solve Disputed Border Oil Field Issue

Iraq,Iran Agree To Solve Disputed Border Oil Field Issue

Iraqi and Iranian officials will meet next week to try to solve their border issues, including the dispute over a southern Iraqi oil well which Iranian forces occupied last month, foreign ministers of the two neighboring countries said Thursday.

Yingli Green Energy Signs Agreements to Supply 30 MW of PV Modules to Customers in Spain

Yingli Green Energy Signs Agreements to Supply 30 MW of PV Modules to Customers in Spain

Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), one of the world's leading vertically integrated photovoltaic ("PV") product manufacturers, today announced it has signed five sales agreements with customers in Spain. Under these sales agreements, in the first half of 2010 the Company is expected to supply a total of approximately 30 MW of PV

National Grid Issues UK Gas Supply Balancing Alert Thursday

National Grid Issues UK Gas Supply Balancing Alert Thursday

Freezing weather and an all-time high demand for U.K natural gas has forced natural gas grid operator National Grid PLC (NGG) to issue a Gas Balancing Alert to the market by e-mail Thursday, the second such alert this week.

Too Early To Call Recovery For Thermal Coal

Too Early To Call Recovery For Thermal Coal

Shares of US coal companies surging in early '10, but Simmons & Co not yet convinced full blown recovery starting for thermal coal used by electric generators. "We believe that fundamentals have improved for steam coal over the past month, but one month of cold weather doesn't change the thermal coal situation entirely," firm says.

When the Wind is Out of an Oilman’s Sails

When the Wind is Out of an Oilman’s Sails

The 81-year-old billionaire spent much of the past two years and $62 million of his fortune on an advertising and public relations offensive in which he tried to persuade Americans to embrace his Pickens plan. It called for a vast expansion of wind energy to displace natural gas, freeing the natural gas for use in vehicles, thus displacing foreign oil.

Lukoil: Oil Flowing To Belarus As Normal

Lukoil: Oil Flowing To Belarus As Normal

Oil shipments from Russian producer OAO Lukoil Holdings (LKOH.RS) to Belarus are flowing as normal despite a disagreement over pricing between the two countries, the company said Thursday.

Gazprom To Buy 1B Cubic Meters Of Gas From Azerbaijan In 2010

Gazprom To Buy 1B Cubic Meters Of Gas From Azerbaijan In 2010

Russian gas firm OAO Gazprom (GAZP.RS) will buy double the planned volume of natural gas from Azerbaijan this year, the head of the State Oil Company of Azerbaijan Republic, or Socar, said Wednesday.

GDF Suez CEO Has No Interest In Areva

GDF Suez CEO Has No Interest In Areva

French utility GDF Suez SA (GSZ.FR) hasn't any interest in taking a stake in French State-controlled nuclear engineering group Areva SA (CEI.FR), chairman and chief executive, Gerard Mestrallet, said Wednesday.

Polish PGNiGs Negotiations With Gazprom Still Inconclusive

Polish PGNiG's Negotiations With Gazprom Still Inconclusive

Talks on higher gas supplies to Poland from Russia haven't yet produced a result, Polish gas monopoly PGNiG (PGN.WA) said Wednesday, after its executives returned from talks with Russia's OAO Gazprom (GAZP.RS) in Moscow.

Papandreou Vows EU10 Billion in Greek Deficit Cuts in EU Plan

Papandreou Vows EU10 Billion in Greek Deficit Cuts in EU Plan

Greece will cut spending and raise revenue by about 10 billion euros ($14.5 billion) this year as part of a three-year plan adopted today to bring the European Union’s biggest budget deficit within the EU limit in 2012.

EU to Take Legal Steps Against Fake Greek Data

EU to Take Legal Steps Against Fake Greek Data

Amid financial and political turmoil, Greece now also faces accusations from the European Commission that figures on the country's public debt are unreliable and belie the country's true debt burden. Adding to Greece's economic woes, an EU source said today (13 January) that the European Commission was likely to take legal steps against Athens over its unreliable reporting of its public debt.