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Cnooc, Shell Awarded New Offshore Oil, Gas Permits in Australia

Cnooc, Shell Awarded New Offshore Oil, Gas Permits in Australia

China National Offshore Oil Corp., known as Cnooc, and Royal Dutch Shell PLC (RDSB) are among companies which have committed to spend at least 180 million Australian dollars (US$173 million) over the next three years searching for new oil and gas deposits in Australia.

Siemens to Shut Down Solar Business Unit

Siemens to Shut Down Solar Business Unit

Industrial conglomerate Siemens AG (SI) Monday said it will close its solar business segment after negotiations with potential buyers failed to result in a deal.

Italy Regulator Suspends Short Selling on Saipem

Italy Regulator Suspends Short Selling on Saipem

Italy's securities regulator has imposed a two-day ban on short selling of Saipem SpA (SPM.MI) shares after Europe's biggest oil services company issued a profit warning for the second time this year.

CEZ Nuclear Tender Decision May Face Delay as Czech Govt Resigns

CEZ Nuclear Tender Decision May Face Delay as Czech Govt Resigns

The imminent resignation of the Czech prime minister and cabinet, due later Monday, creates instability that may force 70% state-owned power company CEZ AS (BAACEZ.PR) to delay the final decision in its ongoing nuclear expansion tender, a spokesman for the company said Monday.

Irans Rowhani Wants To Improve Saudi Ties

Iran's Rowhani Wants To Improve Saudi Ties

Iran's newly-elected president Hassan Rowhani declared Monday that his incoming government will seek to improve ties with regional rival Saudi Arabia, which have been strained over differences about Syria's civil war.

Fluxys Signals Strong Interest to Join TAP

Fluxys Signals Strong Interest to Join TAP

European gas infrastructure group Fluxys is considering taking a shareholding in the Trans Adriatic Pipeline (TAP) project. Discussions between Fluxys’ and TAP’s shareholders began in 2012. These negotiations are proceeding with a view to include Fluxys as a shareholder in TAP shortly after the Shah Deniz Consortium has decided on the preferred European route to bring gas from Azerbaijan.

Venezuela Oil Minister: Some Partners Arent Meeting Output Commitments

Venezuela Oil Minister: Some Partners Aren't Meeting Output Commitments

Venezuelan government officials will begin holding high-level quarterly reviews with the country's oil partners as part of an effort to ensure they are meeting commitments to increase production capacity, the South American nation's energy minister said Thursday.

Swiss Firm To Enter LNG Market In Japan -Nikkei

Swiss Firm To Enter LNG Market In Japan -Nikkei

Swiss resources trader Glencore Xstrata Plc (GLEN.LN) plans to start supplying liquefied natural gas to Japanese utilities this year, the Nikkei reported in its Friday morning edition.

China Power Consumption in May up 5% on Year - NEA

China Power Consumption in May up 5% on Year - NEA

China's power consumption in May totaled 426.9 billion kilowatt hours, an increase of 5% from a year earlier, the National Energy Administration said on Friday.

Crude Oil Aims at Four-Month High as Syria Worries Loom

Crude Oil Aims at Four-Month High as Syria Worries Loom

Crude-oil futures accelerated toward a four-month high Friday as the U.S. government's decision to play an active role arming rebels in Syria raised concerns about tension in the oil-rich region.

European PV Installations to Fall by More than 6 GW in 2013

European PV Installations to Fall by More than 6 GW in 2013

European photovoltaic (PV) installations are forecast to fall by more than 6 gigawatts (GW) in 2013, with 1.3 GW of this decline attributed to incoming EU anti-dumping duties on Chinese modules according to a recently released analysis from IHS (NYSE: IHS).

TAP Continues to Receive Strong Political Support in South Eastern Europe

TAP Continues to Receive Strong Political Support in South Eastern Europe

The Minister s of Foreign Affairs of six countries – Albania, Bosnia and Herzegovina, Croatia, Greece, Italy and Montenegro – met in Dubrovnik, Croatia, on 12th June to demonstrate their support for the Trans Adriatic Pipeline (TAP) and for the Ionian Adriatic Pipeline (IAP).

Deadline for Unpaid PPC Bills

Deadline for Unpaid PPC Bills

Electricity bills including the special property tax for 2012 will need to be paid by June 21, as Public Power Corporation has said that it will submit a list of all unpaid levies to the Finance Ministry on June 22 so that they may be collected by tax authorities.