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Eni Makes Significant Gas Discovery Onshore Pakistan

Eni Makes Significant Gas Discovery Onshore Pakistan

Italian energy group Eni SpA (E) said Wednesday it has made a significant gas discovery onshore Pakistan, located in the Khirtar Fold Belt region, 350 kilometers north of Karachi.

Shell Expects To Meet Iraq Oil Field Target Despite Setbacks

Shell Expects To Meet Iraq Oil Field Target Despite Setbacks

Royal Dutch Shell PLC (RDSB.LN) said Wednesday its Majnoon oil field in Iraq is still likely to meet a key production target by the end of this year, despite a series of setbacks that have hampered its development.

Japan Eyes Creating LNG Futures Market

Japan Eyes Creating LNG Futures Market

Japan's industry minister said Wednesday that Japan will launch a study this fall on setting up a futures trading market for liquefied natural gas to secure LNG at lower prices, amid increased demand in the country following the nuclear crisis at the Fukushima Daiichi plant, Kyodo News reported.

Chevron Unveils New Discovery Off Coast of Australia

Chevron Unveils New Discovery Off Coast of Australia

Chevron Corp. (CVX) unveiled another natural-gas discovery in the Gorgon area off the coast of Australia, adding to signs that the oil major may be able to expand its liquefied-natural gas project in the region.

Tokyo Electric in Advanced Talks to Buy North American LNG Supplies-Reuters

Tokyo Electric in Advanced Talks to Buy North American LNG Supplies-Reuters

Tokyo Electric Power Co. (9501.TO) is in advanced talks to purchase liquefied natural gas supplies from North America to help defray high import prices as the country moves to phase out its reliance on nuclear power, Reuters reported Tuesday, citing company officials.

EU Lawmakers Agree Push for Greater Transparency from Resource Firms

EU Lawmakers Agree Push for Greater Transparency from Resource Firms

European Union lawmakers have agreed to push for stringent new rules requiring oil and mining companies to report in greater detail the payments they make to foreign governments, setting the bloc on track to match similar rules adopted recently in the U.S.

Libyans See al Qaeda Hand in Embassy Attack

Libyans See al Qaeda Hand in Embassy Attack

The head of Libya's new national congress has blamed al Qaeda-linked militants for planning Tuesday's deadly attack on the U.S. Consulate in the eastern Libyan city of Benghazi, raising further questions about the motive behind the mayhem that killed four Americans.

Iran, Turkey Discuss Resumption of Nuclear Talks

Iran, Turkey Discuss Resumption of Nuclear Talks

Iran's chief nuclear negotiator Saeed Jalili met Monday with Turkey's Foreign Minister Ahmet Davutoglu to discuss the resumption of international talks over Tehran's atomic program, a diplomatic source said. "Jalili wanted to come to Turkey to discuss the latest developments on the Iranian nuclear issue," the person told AFP on condition of anonymity.

EU Plans To Limit Use Of Food-Based Biofuels in Transport Sector

EU Plans To Limit Use Of Food-Based Biofuels in Transport Sector

The European Commission, the executive arm of the European Union, said Monday it plans to limit the use of biofuels derived from food crops to 5% of transport fuel, in a radical change to its biofuel policy.

Greece Transfers 17% Stake in PPC to Privatisation Agency

Greece Transfers 17% Stake in PPC to Privatisation Agency

The Greek government has transferred 17% of state-controlled utility Public Power Corp (PPC) to the country's privatisation agency, thus paving the way for its sale, Reuters reported.

Japan Sets Long-Term Energy Plan, Targets End To Nuclear Power

Japan Sets Long-Term Energy Plan, Targets End To Nuclear Power

The Japanese government on Friday unveiled a long-term energy plan that seeks an end to nuclear power by 2040, responding to strong anti-nuclear sentiment but stopping short of a clear commitment to make the country nuclear free.