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Japan Panel Recommends Lowering of Solar Feed-In Tariffs

Japan Panel Recommends Lowering of Solar Feed-In Tariffs

A government panel Monday recommended that Japan's Minister of Economy, Trade and Industry Toshimitsu Motegi cuts rates for solar power that regional utilities buy from projects approved by the government after April 1, as costs of panels and other equipment have fallen.

ExxonMobil Starts Natural Gas Production Offshore Malaysia

ExxonMobil Starts Natural Gas Production Offshore Malaysia

ExxonMobil Exploration and Production Malaysia Inc, a unit of ExxonMobil Corp. (XOM), said it has started producing natural gas from the Telok field offshore Malaysia in the South China Sea.

EWEA: The EU Needs to Double its Installed Wind Power to Meet Binding Targets

EWEA: The EU Needs to Double its Installed Wind Power to Meet Binding Targets

The financial and economic crisis has provoked a wave of uncertainty across the European Union since 2010, with national Governments making damaging retroactive changes to policies and regulations for wind energy. This political uncertainty is deterring financiers and investors and has already caused job losses and negative financial result announcements.

Iraq Budget Deepens Dispute Over Kurdish Oil Revenues

Iraq Budget Deepens Dispute Over Kurdish Oil Revenues

The Iraqi parliament Thursday passed a budget for 2013 that allocated to Kurdistan just a fraction of the oil revenue requested by the semi-autonomous region, a move that deepens a dispute that has disrupted oil exports from the north of the country.

OPEC Oil Shipments to Rise By 420,000 B/D In 4 Weeks To March 23

OPEC Oil Shipments to Rise By 420,000 B/D In 4 Weeks To March 23

Seaborne oil shipments from the Organization of the Petroleum Exporting Countries will rise by 420,000 barrels a day in the four weeks to March 23, compared with the previous four-week period, U.K.-based tanker tracker Oil Movements said Thursday.

Greece: Solar Energy Jumps by 300 MW in January

Greece: Solar Energy Jumps by 300 MW in January

Solar installations in Greece jumped by 300 MW in January, as investors hurried to conclude their projects before the end of the month, when the 18 month period provided by the government to lock the previous, higher feed in tariff would end.

BP CEO: In Talks with Rosneft on Russian Arctic Projects

BP CEO: In Talks with Rosneft on Russian Arctic Projects

BP PLC (BP), which is taking a near-20% stake in Russia's OAO Rosneft (ROSN.RS), is in talks with the state-controlled firm on joint offshore projects in the Arctic, BP Chief Executive Bob Dudley said Thursday in an interview with Rossiya-24 television channel.

Rosneft, Exxon Mobil Sign Important Deal - Sechin

Rosneft, Exxon Mobil Sign Important Deal - Sechin

Neftegaz America Shelf LP, an indirect independent subsidiary of Russian state oil company Rosneft, is acquiring 30 percent interest in 20 deepwater exploration blocks in the Gulf of Mexico held by Exxon Mobil, under an agreement signed Wednesday, Rosneft's chief Igor Sechin told reporters.