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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.

Algeria Gas Pipeline Attack Kills 2 Guards: Witnesses

Algeria Gas Pipeline Attack Kills 2 Guards: Witnesses

Two security guards protecting a gas pipeline have been killed and seven others wounded in an attack by Islamists southeast of the Algerian capital, local residents said on Monday.

Total Says Korean JV Buying Iran Crude Complies With Law

Total Says Korean JV Buying Iran Crude Complies With Law

French integrated oil and gas major Total SA (TOT, FP.FR) Monday confirmed that Samsung Total Petrochemicals, its joint venture with South Korea's Samsung Group, has resumed buying crude oil from Iran, but insisted it was complying with all international sanctions.

Turkey and Shell to Explore Hydrocarbons in Black Sea

Turkey and Shell to Explore Hydrocarbons in Black Sea

Turkey’s state-run oil researcher TPAO prepares to search for oil in the Black Sea with the Anglo-Dutch Shell, after failed attempts by international energy companies, according to sources. The ministerial sources said TPAO and the Holland-United Kingdom-based Shell have been in contact for an oil exploration partnership in the Black Sea.

Pyongyang Plans Nuclear Detonation

Pyongyang Plans Nuclear Detonation

North Korea made its most explicit statement yet that it plans to detonate another nuclear device -- its third -- in the near future, in what it said was "a new phase of the anti-U.S. struggle."

Libya Says No Word On Western Evacuations

Libya Says No Word On Western Evacuations

Libya said Friday it has yet to be informed by any Western country of their intention to evacuate citizens after several states issued security alerts for their citizens to leave the second city of Benghazi.