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Federal Judge Denies BP Request to Freeze Spill Payments

Federal Judge Denies BP Request to Freeze Spill Payments

A federal judge Friday denied BP PLC's (BP, BP.LN) request to freeze all payments from its oil-spill settlement fund while former FBI Director Louis Freeh investigates alleged wrongdoing by fund lawyers.

UK Offers Tax Breaks to Kick-start Shale Gas Production

UK Offers Tax Breaks to Kick-start Shale Gas Production

Producers of shale gas in the U.K. will be offered tax breaks that more than halve the amount they pay on profits, the government said Friday, in a move designed to kick-start the embryonic industry.

Enel Green Power Wins Two Contracts in Mexico Worth $485 Million

Enel Green Power Wins Two Contracts in Mexico Worth $485 Million

Enel Green Power SpA (EGPW.MI), one of Europe's biggest renewable energy companies by market value, Monday said it won two wind power contracts in Mexico worth a combined $485 million as it expands in countries with strong economic growth.

GDF Suez Grants $480M Contract To Alstom In U.S

GDF Suez Grants $480M Contract To Alstom In U.S

GDF Suez Energy North America, a unit of GDF Suez SA (GSZ.FR), has awarded Alstom SA (ALO.FR) a long-term service contract to give its power plant fleet new flexibility, for EUR360 million or $480 million.

Turkish Cypriots Work to Clean Oil Spill

Turkish Cypriots Work to Clean Oil Spill

Dozens of workers on Thursday struggled to contain the pollution caused by an oil spill along the coastline of northeast Cyprus, officials said.

OPEC Oil Shipments to Rise 40,000 B/D in 4 Weeks to Aug 3

OPEC Oil Shipments to Rise 40,000 B/D in 4 Weeks to Aug 3

Seaborne oil shipments from the Organization of the Petroleum Exporting Countries will rise by 40,000 barrels a day in the four weeks to Aug. 3, compared with the previous four-week period, U.K.-based tanker tracker Oil Movements said Thursday.

Romanian Ialomita Power Receives Permit for a 264MW Wind Farm

Romanian Ialomita Power Receives Permit for a 264MW Wind Farm

Romanian Ialomita Power, a subsidiary of EDP Renewables, has received the establishment permit for a 264MW wind farm in the Dobrogea region from the energy regulator ANRE, according to economica.net news portal.

Iran Says to Resume Nuclear Talks After Forming New Govt

Iran Says to Resume Nuclear Talks After Forming New Govt

Iran said Wednesday it would resume talks with world powers on its controversial nuclear program once president-elect Hassan Rowhani has been sworn in and a new negotiating team formed.

Saudi Crude Output, Exports Rise in May Vs April

Saudi Crude Output, Exports Rise in May Vs April

Oil production in Saudi Arabia, the world's largest exporter of crude, rose to 9.657 million barrels a day in May, compared with 9.31 million barrels a day a month earlier, while exports edged 4.6% higher during the same period, official data showed Wednesday.

Kashagan Oil Field Moves Closer to First Production

Kashagan Oil Field Moves Closer to First Production

The giant Kashagan oil field in Kazakhstan has moved one step closer toward first production with the introduction of gas into its offshore facility, the field's operator said in a statement Wednesday.

Shell, Sinopec, Total to Build Lubricants Facility in Singapore

Shell, Sinopec, Total to Build Lubricants Facility in Singapore

A joint venture between the regional units of Royal Dutch Shell PLC (RDSA.LN), Total S.A. (FP.FR) and China Petroleum & Chemical Corp. (600028.SH) will build a shared lubricants facility in Singapore, the companies said in a joint statement Tuesday.

Iraq Resumes Oil Flow from Kirkuk to Turkey - Shipping Agent

Iraq Resumes Oil Flow from Kirkuk to Turkey - Shipping Agent

Iraq has resumed pumping crude oil from the Kirkuk oil fields in the north of the country to the Mediterranean port of Ceyhan in Turkey after a halt that lasted 25 days, a Middle East shipping agent said Tuesday.