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Mediterranean Oil & Gas to Sell Large Chunk of Italian Assets

Mediterranean Oil & Gas to Sell Large Chunk of Italian Assets

Mediterranean Oil & Gas PLC (MOG.LN) said Thursday it has agreed to sell a large chunk of its onshore Italy gas production assets and exploration permits to Canoel International Energy Ltd. (CIL.V).

Saudi Aramco, Total Refinery on Schedule -CEO

Saudi Aramco, Total Refinery on Schedule -CEO

A $14 billion refinery being built in the east of Saudi Arabia by a joint venture bewteen Saudi Arabian Oil Co. and France's Total S.A. (TOT) is expected to start operations as planned next year, the company's top executive said.

Germany Should Impose Strict Conditions On Hydraulic Fracturing

Germany Should Impose Strict Conditions On Hydraulic Fracturing

Germany should impose strict environmental conditions on hydraulic fracturing--a technology used to extract unconventional natural gas deposits such as shale gas--due to concerns that this production method can contaminate ground water, a study commissioned by the country's environment ministry said Thursday.

EU Investigation Offers Meager Lifeline For Ailing Solar Industry

EU Investigation Offers Meager Lifeline For Ailing Solar Industry

The European Commission said Thursday it will investigate whether Chinese makers of solar equipment are illegally pushing their products into Europe, a move that could escalate growing trade tensions between the European Union and China.

Shell Drills Deeper into Turkish Hydrocarbon Exploration

Shell Drills Deeper into Turkish Hydrocarbon Exploration

Royal Dutch Shell and Türkiye Petrolleri Anonim Ortaklığı (TPAO) began exploring for shale gas last week in the eastern province of Diyarbakır’s Sarıbuğday-1 natural gas field, Energy Minister Taner Yıldız announced yesterday.

Greece Picks PGS for Offshore Oil, Gas Tests

Greece Picks PGS for Offshore Oil, Gas Tests

Greece selected Norway's Petroleum Geo-Services (PGS) to carry out offshore seismic tests in the country's south and west, the government said on Wednesday, paving the way for the launch of an oil and gas drilling bidding round in 2014.

Edano: Nuclear Exports Not Inconsistent With Japans Domestic Policy

Edano: Nuclear Exports Not Inconsistent With Japan's Domestic Policy

Japan's trade and industry minister said Tuesday that he doesn't see a contradiction between the government's policy of promoting nuclear power plant exports and its goal of reducing or eliminating the use of nuclear power at home.

Azeri Oil Fund: No Plans to Buy Hungarian Debt

Azeri Oil Fund: No Plans to Buy Hungarian Debt

Azerbaijani state oil fund SOFAZ has no plans to buy Hungarian securities or other financial instruments, the company said in an official statement late Monday, local news portal azernews.az reports.

Yemens Export Gas Pipeline Blown Up, Local Official Says

Yemen's Export Gas Pipeline Blown Up, Local Official Says

Unknown assailants Tuesday blew up a gas pipeline that feeds Yemen's liquefied natural gas to the Balhaf export terminal, a local official said, just days after it was repaired from previous sabotage.

Yildiz: TANAP Deal Set to Include Turkmen Gas

Yildiz: TANAP Deal Set to Include Turkmen Gas

The gas pipeline deal signed between Turkey and Azerbaijan last June is set to include Turkmen gas, according to Turkey’s Minister of Energy, Taner Yildiz, visiting the central Asian republic of Turkmenistan.

Iraq Plans to Make Gas-Exploration Deals More Lucrative

Iraq Plans to Make Gas-Exploration Deals More Lucrative

Iraq will make future energy exploration contracts more lucrative in a bid to lure a greater number of foreign firms to auctions for exploration blocks, a spokesman said Sunday.