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Credit Crisis May Delay Shtokman Project

Credit Crisis May Delay Shtokman Project

The credit crisis could delay the launch of Russia's giant Shtokman gas field, the head of the project's operator said Monday.

EU Reaches Preliminary Deal On Rules For Renewables

EU Reaches Preliminary Deal On Rules For Renewables

The European Union has reached a preliminary deal on a plan to increase the use of renewable energy by 2020, the European Parliament's lead negotiator Claude Turmes said Tuesday.

Q-Cells Shares Fall As Co Cuts 2008 Goals On Fincl Crisis

Q-Cells Shares Fall As Co Cuts 2008 Goals On Fincl Crisis

Shares in German solar cell maker Q-Cells AG (QCE.XE) fell sharply Tuesday after the company said it won't reach its production, sales and profit targets in 2008 due to the financial crisis.

Enel Close To Selling Pwr Lines To Terna For EUR1.2B

Enel Close To Selling Pwr Lines To Terna For EUR1.2B

Enel SpA (ENEL.MI) is close to selling for about EUR1.2 billion its Italian high-voltage power lines to Terna SpA (TRN.MI), with the deal expected to be announced at the start of January, writes daily Il Sole 24 Ore Tuesday without citing its source.

Alstom, PGE Elektrownia In CO2 Reduction Venture

Alstom, PGE Elektrownia In CO2 Reduction Venture

French power and rail engineering group Alstom SA (1022047.FR) said Monday it has signed a memorandum of understanding with Polish utility group PGE Elekrownia Belchatow SA to develop and implement carbon capture and storage technology.

Russian Nov Oil Exports Via CPC 512,943 Tons

Russian Nov Oil Exports Via CPC 512,943 Tons

Russian oil exports via the Caspian Pipeline Consortium pipeline amounted to 512,943 metric tons in November, TsDU-TEK, which provides data and analysis to the Industry and Trade Ministry, said in a report obtained by Prime-Tass news agency Friday.

EDF Energies Nouvelles Acquires 50% Of Turkeys Polat Enerji

EDF Energies Nouvelles Acquires 50% Of Turkey's Polat Enerji

EDF Energies Nouvelles (EEN.FR) said Monday that it acquired 50% of Turkey's Polat Enerji shares. This Turkish company owns two wind farms in service with 50 MW in total capacity, plus a 80 MW facility under construction, as well as four projects at advanced stages in their development, representing capacity in excess of 200 MW. All these assets are 50%-owned in partnership with another Turkish company.

Iraqs Oil-Rich Basra Province Seeks Autonomy

Iraq's Oil-Rich Basra Province Seeks Autonomy

Iraq's independent electoral commission announced plans on Sunday to collect signatures in support of a referendum to transform the oil-rich province of Basra into an autonomous region.

Ramco Energy Agrees JV With Iraq Drilling Co

Ramco Energy Agrees JV With Iraq Drilling Co

Ramco Energy, the Aberdeen based energy investment company, said Monday that Mesopotamia Petroleum Company (MPC), its 32.7% owned associated company, has agreed a joint venture agreement with Iraq Drilling Company and the only remaining condition is final approval by the Government of Iraq.

Eni CEO, Russia Ministers Met Sun To Discuss Energy Projects

Eni CEO, Russia Ministers Met Sun To Discuss Energy Projects

Eni SpA (E) said Sunday its Chief Executive, Paolo Scaroni, met Russian ministers to discuss energy projects between Italy's biggest oil and natural gas company and the hydrocarbons-rich Eastern European country.

BG Grp, KazMunaiGas Sign Pact On Kazakh Oil, Gas Field Projs

BG Grp, KazMunaiGas Sign Pact On Kazakh Oil, Gas Field Projs

U.K.-based energy company BG Group PLC (BG.LN) and Kazakh state energy company KazMunaiGas signed an agreement Friday to study the oil and gas reserve potential of areas in Kazakhstan and other countries.