English Edition

New Japan Nuclear Safety Rules Set to Hit Utilities Earnings

New Japan Nuclear Safety Rules Set to Hit Utilities' Earnings

Tough safety measures being considered by Japan's nuclear regulator are certain to deal a blow to utilities because it could cost tens of billions of yen to bring an old reactor into compliance, the Nikkei reported in its Wednesday morning edition.

Iran Says Sole Nuclear Plant At Full Capacity

Iran Says Sole Nuclear Plant At Full Capacity

Iran's sole nuclear power plant is now linked to the national energy grid at full capacity after having to be taken off-line for two months, the Iranian Atomic Energy Organization said Wednesday.

Iran Dents UN Nuclear Watchdog Hopes of Access to Key Site

Iran Dents UN Nuclear Watchdog Hopes of Access to Key Site

Iran Wednesday poured water on the U.N. nuclear watchdog's hopes of securing access in talks next week to a military complex where suspected past research into atomic bomb triggers might have been carried out.

Romania Power Output Down 2.3% on Year in Jan-Nov 2012

Romania Power Output Down 2.3% on Year in Jan-Nov 2012

Romania's energy output fell 2.3% on the year to 20.9 million tons of oil equivalent in the first 11 months of 2012, on declining production in the hydropower and nuclear sectors, official data showed Tuesday, news agency Mediafax reported.

Iraq Names New Deputy Oil Minister, North Oil Co Chief

Iraq Names New Deputy Oil Minister, North Oil Co Chief

Iraq has named a new deputy oil minister, replacing an oil official who had been in the job since after the U.S.-led invasion in 2003, Iraqi oil officials in Baghdad said Tuesday.

Egypt Lifts Anti-Dumping Fess on Saudi Polypropylene Exports

Egypt Lifts Anti-Dumping Fess on Saudi Polypropylene Exports

Egypt has decided to lift anti-dumping fees on polypropylene imports from Saudi Arabia as the measure was against its public interest, Saudi Arabia's deputy oil minister Prince Abdul-Aziz bin Salman said in remarks published Tuesday.

Exxon Sets $14 Billion Canadian Oil Project

Exxon Sets $14 Billion Canadian Oil Project

ExxonMobil Corp. will spend $14 billion to develop the Hebron oil field off the shore of eastern Canadian province Newfoundland and Labrador, a project it expects to yield 700 million barrels of oil, the company said Friday.

China Starts Construction On 200-Megawatt Nuclear Power Project

China Starts Construction On 200-Megawatt Nuclear Power Project

China has started construction of a 200-megawatt nuclear power project in the coastal city of Rongcheng, the official Xinhua news agency said Monday, citing a statement by its builder and eventual operator.

Iraq December Oil Exports Down 11% On Month

Iraq December Oil Exports Down 11% On Month

Iraq's crude oil exports in December fell by 11% because of bad weather in southern oil export terminals and suspension of exports from the Kurdistan region in northern Iraq, people familiar with the State Oil Marketing Organization, or SOMO, said Monday.

Israels Isramco Seeks to Buy ATPs Rights in Local Gas Reserve

Israel's Isramco Seeks to Buy ATP's Rights in Local Gas Reserve

Israeli energy exploration company Isramco Negev 2 Ltd. Partnership (ISRA.L.TV) said Monday that it has submitted a court petition to buy the rights of its partner, Houston-based ATP Oil and Gas Corp. (ATPAQ), in Israel's offshore Shimshon natural gas field for 150 million shekels ($39.7 million).

Cyprus To Discuss Energy Search With Lebanon

Cyprus To Discuss Energy Search With Lebanon

Cyprus President Demetris Christofias will pay an official visit to Lebanon on Thursday to discuss the prospect of cooperation in the exploitation of offshore oil and gas.