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GDF Suez CEO:Open To Looking Anew At Nabucco Pipeline Project

GDF Suez CEO:Open To Looking Anew At Nabucco Pipeline Project

French utility GDF Suez SA (GSZ.FR), which is already in talks to join the OAO Gazprom-led (GAZP.RS) Nord Stream pipeline, would also be prepared to take a fresh look at the Nabucco pipeline project, Chief Executive Gerard Mestrallet said Thursday.

Turkish PM Visits Iraq To Sign A Raft Of Deals

Turkish PM Visits Iraq To Sign A Raft Of Deals

Turkish Prime Minister Recep Tayyip Erdogan visited Iraq Thursday to sign a raft of agreements aimed at boosting economic and political ties between the neighbors, state television reported.

OPEC Report:2009 World Oil Demand Growth Revised Up

OPEC Report:2009 World Oil Demand Growth Revised Up

The Organization of Petroleum Exporting Countries said Tuesday it revised up its forecast for world oil demand in 2009 and 2010 as the global economy continues to show signs of recovery but warned that sustained government spending to support growth was difficult to maintain, in particular in advanced economies.

Companies Ease Demands On Iraq Oil-Field Rights

Companies Ease Demands On Iraq Oil-Field Rights

Several oil companies that rejected tough terms in the country's first auction for oil-field rights this summer have dropped their demands for higher payouts, said Oil Minister Hussein al-Shahristani at a news conference Tuesday

Turkey Dismisses Head of Botas

Turkey Dismisses Head of Botas

The Turkish government has dismissed the head of state-owned pipeline and gas company BOTAS, Huseyin Saltuk Duzyol, the government's official gazette said Wednesday, the Ihlas News Agency, or IHA, reports.

Syria, Turkey To Hold Joint Military Exercises

Syria, Turkey To Hold Joint Military Exercises

Syrian Defense Minister Ali Habib said his country is to stage a second round of joint military exercises with Turkey, in comments published Wednesday.

Russian Crude Via Ukraine Halted To Hungary

Russian Crude Via Ukraine Halted To Hungary

Hungarian oil and gas giant MOL Nyrt. (MOL.BU) said Wednesday that deliveries of Russian crude oil through Ukrainian had been halted since Tuesday evening due to technical problems.

IEA Optimistic Emissions Deal Can Be Struck In Copenhagen

IEA Optimistic Emissions Deal Can Be Struck In Copenhagen

The International Energy Agency, the energy advisor to big oil-consuming nations, Wednesday expressed optimism that countries will be able to forge a new agreement on cutting greenhouse gas emissions at a key meeting in Copenhagen in December.

Azerbaijan Peace Crucial For Armenias Turkey Ties

Azerbaijan Peace Crucial For Armenia's Turkey Ties

Turkish Prime Minister Recep Tayyip Erdogan Tuesday renewed calls for Armenia to seek peace with Azerbaijan, stressing that progress in their ties would determine the normalization of Turkish-Armenian relations.

Turkmenistan President Fires Several Energy Chiefs

Turkmenistan President Fires Several Energy Chiefs

The president of resources-rich Turkmenistan has fired several top officials in the energy sector, denouncing their "irresponsible approach" to their jobs, the official news agency reported.

World Needs 3,400 CCS Projs By 2050 To Meet Climate Goal

World Needs 3,400 CCS Projs By 2050 To Meet Climate Goal

The world needs a massive ramping up of carbon capture and storage, or CCS, technology across heavy industry and fuel processing in addition to electricity generation to cut emissions and prevent global temperatures from rising more than 2 degrees Celsius, the International Energy Agency said Tuesday.