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Brazil Petrobras Crude Oil Production Rises 3.7% in September

Brazil Petrobras Crude Oil Production Rises 3.7% in September

Brazilian state-run energy company Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said Friday that domestic crude oil output rose for a second-consecutive month in September as new wells were connected and maintenance work at offshore platforms ended.

Ineos, Union Reach Deal to Save UK Petrochemical Plant

Ineos, Union Reach Deal to Save UK Petrochemical Plant

Ineos Group Holdings Ltd. Friday reached an agreement with union members to keep open its petrochemicals plant at Grangemouth, Scotland, in a dramatic U-turn on the fate of the Scottish site.

Ministerial Council Takes Decisive Steps on the Future of the Energy Community and Adopts List of Projects of Energy Community Interest

Ministerial Council Takes Decisive Steps on the Future of the Energy Community and Adopts List of Projects of Energy Community Interest

In the annual Ministerial Council meeting which took place in Belgrade, on Thursday, October 24, a list of 35 “Projects of Energy Community Interest” (PECIs) was adopted. Fourteen electricity generation, nine electricity infrastructure, ten gas infrastructure and two oil infrastructure projects were selected due to their importance for the development of cross-border energy markets in the region

53 Companies and Business and Investor Associations Call for ETS Reform Legislation

53 Companies and Business and Investor Associations Call for ETS Reform Legislation

EURELECTRIC, together with 51 European companies and business and investor associations, has called on the European Commission to bring forward by the end of the year draft legislation for a structural reform of the EU Emissions Trading Scheme (ETS). A clear carbon price signal and long-term visibility are essential to drive investments and growth, they said in an open letter to European Commission President Barroso, published today.

Iran Temporarily Halts 20% Uranium Enrichment

Iran Temporarily Halts 20% Uranium Enrichment

Iran has temporarily halted its production of enriched uranium to 20% purity as it has sufficient stocks to fuel its Tehran research reactor, a lawmaker was quoted Thursday as saying.

Greece Approves EIA Study on Gas Link with Bulgaria

Greece Approves EIA Study on Gas Link with Bulgaria

Greece ratified on Wednesday the environmental impact assessment (EIA) for the Gas Interconnector Greece-Bulgaria (IGB Pipeline), which will link directly the two countries' national natural gas systems, Greek media reported.

Zagreb, Budapest and Kiev to Link Up to TAP

Zagreb, Budapest and Kiev to Link Up to TAP

Croatia, Hungary and Ukraine agreed on Wednesday to expand their existing pipelines to create a corridor that will carry natural gas through the three countries and connect to the planned Trans-Adriatic Pipeline (TAP) in Europe’s south.

Eni Says Libya Situation Is Worrying as Wafa Field Remains Shut

Eni Says Libya Situation Is Worrying as Wafa Field Remains Shut

The unrest in Libya is worrying as the natural-gas Wafa field remains shut, said Chief Executive Paolo Scaroni of Eni SpA (E) Wednesday, as the Italian energy company continues to face challenges in the key North African country two years after the end of Col. Moammar Gadhafi's regime.