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Israeli Central Bank to Buy $3.5B in 2014 to Offset Gas Impact

Israeli Central Bank to Buy $3.5B in 2014 to Offset Gas Impact

The Bank of Israel said it will purchase $3.5 billion in foreign currency during 2014 as part of its program to offset the impact of local natural gas production on the country's current account and exchange rate.

Hungary Asks MOL to Consider Croatia INA Stake Sale

Hungary Asks MOL to Consider Croatia INA Stake Sale

The Hungarian government Wednesday asked oil and gas company MOL Nyrt. (MOL.BU) to consider selling its 49.1% stake in Croatian peer INA d.d. (INA.ZG), while rejecting efforts by Zagreb to regain control over INA by issuing an arrest warrant for MOL's top executive.

Chevron and Tohoku Electric Sign 20-Year Wheatstone LNG Agreement

Chevron and Tohoku Electric Sign 20-Year Wheatstone LNG Agreement

Japanese utility Tohoku Electric Power Co. (9506.TO) has committed to a 20-year deal to buy more liquefied natural gas from Australia, reinforcing the country's position as the biggest supplier to the largest user of LNG at a time Japan is debating whether to resume nuclear power production.

Total Looking At UK Shale Gas Opportunities - CEO

Total Looking At UK Shale Gas Opportunities - CEO

France's Total SA (TOT) is looking at shale gas opportunities in Britain, Chief Executive Christophe de Margerie said Tuesday in the first strong sign of interest from an oil major in the U.K.'s nascent industry.

At UN, Egypt Crisis Sidelined

At UN, Egypt Crisis Sidelined

In mid-August, when hundreds were killed in Cairo after Egypt's interim authorities cleared out antigovernment protest camps, the country's political crisis moved front-and-center of the world stage.

Russian Court Detains Eight More Greenpeace Crew Members

Russian Court Detains Eight More Greenpeace Crew Members

A Russian court on Sunday ordered the detention for two months of eight more crew members of a Greenpeace ship who protested against Arctic oil drilling as part of a probe into alleged piracy.

South Korean Scientists Use E. Coli to Make Gasoline

South Korean Scientists Use E. Coli to Make Gasoline

Escherichia coli can cause serious food poisoning but Korean scientists have come up with a more helpful use for the sometimes-deadly bacteria: producing gasoline.

China Attracts Greek Ship Owners

China Attracts Greek Ship Owners

Greek shipping magnates, still the kingmakers of the global shipbuilding trade, are increasingly moving their financing and ship orders to China, drawn by cheap credit and lower shipyard costs.

Romania’s Grup Servicii Petroliere SA to Support IENE’s Regional Upstream Workshop in Athens on October 31st -November 1st

Romania’s Grup Servicii Petroliere SA to Support IENE’s Regional Upstream Workshop in Athens on October 31st -November 1st

Romania’s Grup Servicii Petroliere SA will be one of the supporters of the 2nd SE Europe Regional Upstream Workshop on “Hydrocarbon Exploration and Production in the Adriatic, the Black Sea and the East Mediterranean” that the Institute of Energy for SE Europe (IENE) is organizing in Athens, on October 31st -November 1st, 2013. This specialized IENE seminar will focus on the geology and ongoing exploration activity, as well as on the relevant legal and financial framework, in the countries of the area

Vestas, Mitsubishi Heavy Industries Form Offshore Wind JV

Vestas, Mitsubishi Heavy Industries Form Offshore Wind JV

Danish wind turbine manufacturer Vestas Wind Systems A/S (VWS.KO) said Friday it formed an offshore wind joint venture with Mitsubishi Heavy Industries Ltd. (7011.TO), sealing a deal that has been in the making for over a year, as the companies try to carve out a niche product line in the fast-growing offshore market.

Chinese Energy Companies Sell $2.58 Billion in Bonds

Chinese Energy Companies Sell $2.58 Billion in Bonds

Two Chinese state-owned energy giants have sold a combined $2.58 billion in bonds, helping to push issuance in Asia this week to the highest level since mid-May.

Rosneft to Offer Buyout to TNK-BP Minority Shareholders -- CEO

Rosneft to Offer Buyout to TNK-BP Minority Shareholders -- CEO

OAO Rosneft (ROSN.RS) will offer a buyout to the minority shareholders of OAO TNK-BP Holding (TNBP.RS), in which it acquired a majority stake this year from BP PLC (BP) and a consortium of tycoons, Rosneft Chief Executive Igor Sechin said Friday.