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Russia May Auction Offshore Fields Rejected by State Firms - Deputy PM

Russia May Auction Offshore Fields Rejected by State Firms - Deputy PM

Any offshore oil and gas fields that state-controlled OAO Rosneft (ROSN.RS) and OAO Gazprom (GAZP.RS) aren't interested in will be returned to Russia's state fund or put up for auction among Russian private companies, Deputy Prime Minister Arkady Dvorkovich said Thursday.

3547 MW of Renewable Capacity Now Installed in Greece

3547 MW of Renewable Capacity Now Installed in Greece

100 new megawatts of renewable energy capacity were added to the Greek energy mix in December, according to the market’s operator, LAGIE. Of those, 82,91 MW were photovoltaics, 17 MW were wind farms and 150 KW were small hydro plants.

Iranian Natural-Gas Platform Sinks in Gulf

Iranian Natural-Gas Platform Sinks in Gulf

A natural-gas platform made by an affiliate of Iran's Revolutionary Guards has sunk in the Persian Gulf, Iranian media said Wednesday, a setback for the country's efforts to respond to international sanctions.

Yemen Estimates Its Possible Gas Reserves at 70 Tln Cubic Feet

Yemen Estimates Its Possible Gas Reserves at 70 Tln Cubic Feet

Yemen's Petroleum Exploration and Production Authority, or PEPA, expects about 70 trillion cubic feet of possible reserves of natural gas in the country's exploratory and opened blocks, pan-Arab daily Al Hayat reports Tuesday.

Gazprom Adds $16.9B To Projected South Stream Costs

Gazprom Adds $16.9B To Projected South Stream Costs

Russian gas giant OAO Gazprom (GAZP.RS) said it will invest 509.6 billion Russian rubles ($16.9 billion) expanding its pipelines to take gas to southeastern Europe via the South Stream, piling further costs onto a project aimed at bypassing traditional transit countries Ukraine and Belarus.

France Creates Fund to Help Small and Mid-Sized Nuclear Companies

France Creates Fund to Help Small and Mid-Sized Nuclear Companies

The French government Tuesday announced the creation of a 133 million euros ($178.8 million) fund to help the nuclear industry's small and medium-sized companies develop, as France seeks to boost one of its export champions.

Russias Rosneft to Lead Junin-6 Oil Project in Venezuela

Russia's Rosneft to Lead Junin-6 Oil Project in Venezuela

Russian oil giant OAO Rosneft (ROSN.RS) will take over as operator of the Junin-6 oil project in Venezuela, which it is developing in partnership with Venezuelan state oil company Petroleos de Venezuela, or PdVSA, and other Russian oil firms, a spokeswoman for the company said Tuesday.

Iran Threatens To Sue BP Over Alleged Caspian Pollution

Iran Threatens To Sue BP Over Alleged Caspian Pollution

Iran is planning to sue BP PLC (BP) in international courts over alleged pollution in the Caspian Sea, a top official of the Islamic Republic was quoted as saying this week, amid continued tensions between Tehran and the West.

EU Expects Russia, Ukraine to Ensure Gas Flow to EU Arent Disrupted

EU Expects Russia, Ukraine to Ensure Gas Flow to EU Aren't Disrupted

The European Union expects both Russia and Ukraine to ensure that natural gas supplies to the bloc aren't disrupted, as the two countries face a spat about prices, a spokeswoman said Monday, refusing to call the situation a "crisis."

Shell, Kinder Morgan Announce Plans To Export LNG From U.S.

Shell, Kinder Morgan Announce Plans To Export LNG From U.S.

A Royal Dutch Shell PLC (RDSA) unit struck a deal with a Kinder Morgan Inc (KMI) company to export liquefied natural gas out of an existing import terminal near Savannah, Ga., the companies said Monday.