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EDF Cuts Jobs As UK Nuclear Project Awaits Decision

EDF Cuts Jobs As UK Nuclear Project Awaits Decision

Electricite de France SA (EDF.FR) is to cut the number of staff preparing the ground for the new Hinkley Point nuclear plant in the west of England as it awaits a decision from the U.K. government on the future of the project, the French state-controlled energy firm said Tuesday.

EU Plan To Buy Rebel Oil Act Of Aggression: Syria

EU Plan To Buy Rebel Oil Act Of Aggression: Syria

A European Union plan to buy oil from rebel-held areas of Syria is illegal and an "act of aggression," the Syrian foreign ministry warned Tuesday in letters to the United Nations.

Martifer Solar Switches on 4.5 MW of Solar Plants in Greece

Martifer Solar Switches on 4.5 MW of Solar Plants in Greece

Martifer Solar, part of Portuguese industrial group Martifer SGPS SA (ELI:MAR), said on Thursday it had finished the construction of four solar systems with a combined capacity of 4.5 MW in Greece.

Greece Adds 780 MW of Photovoltaics in First Quarter of 2013

Greece Adds 780 MW of Photovoltaics in First Quarter of 2013

Mass new additions of photovoltaics continued in March, as investors rushed to secure the best possible FiTs for their solar farms. After 296 MW in January and 224 MW in February, photovoltaics added another 259 MW in March, for total of 780 MW in the first quarter of the year.

Glencore Sold Goods to Iran

Glencore Sold Goods to Iran

One of Britain's biggest companies has made millions of pounds selling goods to Iran, including to a state-owned firm that supplies the regime's nuclear program, U.K. daily The Guardian reported on its website Sunday.

Gazprom Neft Signs $1 Bln Loan Deal with Group of Banks

Gazprom Neft Signs $1 Bln Loan Deal with Group of Banks

OAO Gazprom Neft (SIBN.RS), the oil arm of Russian state energy giant OAO Gazprom (GAZP.RS), has signed a $1 billion loan agreement with a group of banks, the company said in a statement Monday.

UAE Says OPEC Oil Production Should Stay at 30 Million B/D

UAE Says OPEC Oil Production Should Stay at 30 Million B/D

The Organization of the Petroleum Exporting Countries' production should remain at 30 million barrels a day, the Emirati representative with the group said Monday, squashing speculation the organization will cut its production.

Norway to Open First New Oil and Gas Acreage Since 1994

Norway to Open First New Oil and Gas Acreage Since 1994

The Norwegian government will propose this week to open the southeastern Barents Sea for oil activity, the Ministry of Petroleum and Energy said Monday, the first new oil acreage in nearly two decades.

Qatar Petroluem, Total Consortium to Build $1.5B Refinery

Qatar Petroluem, Total Consortium to Build $1.5B Refinery

State-owned Qatar Petroleum said Monday it has signed a joint venture agreement with a consortium led by France's Total SA (TOT) to build a $1.5 billion condensate refinery in Ras Laffan Industrial City.

Lebanon Pre-Qualifies 46 Firms for First Oil, Gas Licensing Round

Lebanon Pre-Qualifies 46 Firms for First Oil, Gas Licensing Round

Lebanon has shortlisted 46 international oil firms, including U.S. giant ExxonMobil Corp. (XOM), Chevron Corp. (CVX) and France's Total SA (TOT), for its first oil and natural gas licensing round in its Mediterranean coastal waters, the Petroleum Administration said.

Enphase Energy Expands to Greece

Enphase Energy Expands to Greece

US-based company Enphase Energy Inc (NASDAQ:ENPH) said today that its solar microinverters are now available in Greece in addition to seven other countries in the region.

Greece is Planning to Impose an Extraordinary Levy on Rooftop Photovoltaic Systems

Greece is Planning to Impose an Extraordinary Levy on Rooftop Photovoltaic Systems

Greece's Environment and Energy Ministry is planning to impose an extraordinary levy on photovoltaic systems on rooftops used for the production of electricity (not water heaters) as a result of pressure from the country’s international creditors to bring the electricity market’s deficit down to zero by 2014. The levy could range between 10 and 15 percent of turnover, but those with low incomes will be exempt reports Kathimerini.

RWE Confirms Bleak Outlook on Poor European Power Prices

RWE Confirms Bleak Outlook on Poor European Power Prices

Utility RWE AG (RWE.XE) Thursday reiterated that its earnings will come under severe pressure over the next few years as low electricity prices across Europe erode the profitability of its power plants, the company's core business.