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Romanian Nuclearelectrica Restarts Reactor After Shutdown Sunday

Romanian Nuclearelectrica Restarts Reactor After Shutdown Sunday

Romanian state-run nuclear power producer Nuclearelectrica late Wednesday restarted the first reactor at its plant in Cernavoda, which was stopped due to a command and control system malfunction four days ago, news agency Mediafax reported.

Shell Third-Quarter Profit Falls 31%

Shell Third-Quarter Profit Falls 31%

Royal Dutch Shell PLC (RDSA) Thursday reported a 31% decline in third-quarter profit, largely because of weak refining margins and increased exploration-and-production expenses.

Iran Says Nuclear Site Saboteurs Were Thieves

Iran Says Nuclear Site Saboteurs Were Thieves

Iranian Intelligence Minister Mahmoud Alavi said Wednesday that four people accused of sabotaging one of the country's sensitive nuclear sites were only thieves, Mehr news agency reported.

Ukraine to Sign Shale Gas Deal With Chevron - Minister

Ukraine to Sign Shale Gas Deal With Chevron - Minister

Ukraine will sign a deal with Chevron Corp. (CVX) on Nov. 5 to develop shale gas in western Ukraine, a government minister said Wednesday, as the country attempts to cut its reliance on Russian gas.

Iran Not Hopeful of Exporting Gas to Pakistan - Minister

Iran Not Hopeful of Exporting Gas to Pakistan - Minister

Iranian Oil Minister Bijan Zanganeh said Wednesday he had no hope of exporting gas to Pakistan because there is no financing available to finish building a pipeline, state news agency IRNA reported.

IENE’s Upstream Workshop Attracts Some of the Region’s Top Experts

IENE’s Upstream Workshop Attracts Some of the Region’s Top Experts

IENE’s 2nd SE Europe Regional Upstream Workshop on “Hydrocarbon Exploration and Production in the Adriatic, the Black Sea and the East Mediterranean” will take place in Athens, on Thursday, October 31st and Firday, November 1st, 2013, and will be held under the auspices of Greece’s Ministry of Environment, Energy & Climate Change, which is in charge of the country’s hydrocarbon sector)

Saipem Net Profit Drops 60% as it Trims 2013 Revenue Target

Saipem Net Profit Drops 60% as it Trims 2013 Revenue Target

Saipem SpA (SPM.MI) Monday trimmed its 2013 revenue forecasts after it reported a 60% fall in net profit in the third quarter, adding to the sense of pessimism that has seen it shed almost half its value and issue two profit warnings this year.

Gazprom Raises 2013 Investment Plan to RUB1.03 Trillion

Gazprom Raises 2013 Investment Plan to RUB1.03 Trillion

Russia's gas monopoly Gazprom (GAZP.RS) has raised its 2013 investment plan to finance long-term projects as well as gas production and transportation, the company said Tuesday.

Rosneft Third-quarter Earnings Boosted By TNK-BP Revaluation

Rosneft Third-quarter Earnings Boosted By TNK-BP Revaluation

Russian state oil giant OAO Rosneft (ROSN.RS) said Tuesday its third-quarter net profit was 280 billion rubles ($8.8 billion), more than half of which came from a revaluation of assets from the TNK-BP oil company it bought earlier this year.

Libya Oil Output Falls Below 300,000 B/D

Libya Oil Output Falls Below 300,000 B/D

Libya's crude oil production has fallen below 300,000 barrels a day after disgruntled tribesmen forced the largest oil field in western Libya to halt production, state-owned National Oil Corp. said Tuesday.