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Shell Signs Upstream Deals With CNOOC, CNPC For China, Gabon Projects

Shell Signs Upstream Deals With CNOOC, CNPC For China, Gabon Projects

Royal Dutch Shell PLC (RDS.LN) Shell announces Wednesday that it signed two offshore oil and gas Production Sharing Contracts, or PSCs, with the China National Offshore Oil Corporation, or CNOOC, and a PSC amendment with CNPC, the China National Petroleum Corporation, for a new development phase for the Changbei gas field in China.

Suntech Power Warns Against EU Protectionist Moves in Solar Sector

Suntech Power Warns Against EU Protectionist Moves in Solar Sector

Leading Chinese solar component maker Suntech Power Holdings Co. (STP, K3ND.SG) Wednesday warned that any move by the European Union to impose duties against it could spark a trade war and destroy thousands of jobs in the European solar sector.

EU Proposes Steps to Pave Way for Higher CO2 Prices

EU Proposes Steps to Pave Way for Higher CO2 Prices

The European Union's executive body presented first ever plans to boost EU carbon prices, a controversial effort to fix the problem of low prices that has been crippling the EU market for years, raising questions about its own existence.

Azerbaijani Energy Minister Backs Nabucco West Gas Pipeline

Azerbaijani Energy Minister Backs Nabucco West Gas Pipeline

Azerbaijan's best bet for piping natural gas to western Europe from the Caspian Sea is the Nabucco West project, Industry and Energy Minister Natik Aliyev said on Tuesday ahead of a formal decision.

Iran Completes First Of Four Oil Tankers For Venezuela

Iran Completes First Of Four Oil Tankers For Venezuela

Iran has completed construction of the first of four oil tankers to be sold to Venezuela for a total 230 million euros ($278 million), the official news agency IRNA reported Tuesday.

Cnooc to Gain Access to Shale Techniques

Cnooc to Gain Access to Shale Techniques

Cnooc's (CEO) intention to take over Nexen (NXY.T) would give the Chinese company access to Nexen's extensive experience with unconventional oil and gas resources in North America, says JBC Energy.

Chevron Barred From Deals In Central, Southern Iraq

Chevron Barred From Deals In Central, Southern Iraq

The second largest U.S. energy company Chevron Corp. (CVX) will be barred from contracts in central and southern Iraq because the Californian company bought stakes in two oil-exploration blocks in the Kurdish region of Iraq, an Iraqi oil ministry statement said Tuesday.

Weighed Average Import Price of Natural Gas in Greece

Weighed Average Import Price of Natural Gas in Greece

According to the provisions of the Ministerial Decision No Δ1/Γ/400 (Government Gazette Issue Β’ 33/19.1.2007), entitled «Determination of the procedure applied to collect and process the data required to calculate the weighed average import price of Natural Gas”, the companies importing Natural gas in the National Natural Gas System (NNGS) are required to submit to RAE, every three months, data about the quantities and prices of imported Natural Gas.

Rosneft And Eni Sign Deal To Finance Exploration

Rosneft And Eni Sign Deal To Finance Exploration

Russian oil giant OAO Rosneft (ROSN.RS) said Monday it had signed an agreement with Italy's Eni SpA (E) to finance exploration at three offshore fields, advancing a cooperation deal signed in April.

Iraq Resumes Oil Flow to Turkey at Lower Rate

Iraq Resumes Oil Flow to Turkey at Lower Rate

Iraq has resumed crude-oil exports from Kirkuk oil fields at a lower rate, Middle East shipping agents said Monday, after an explosion that blew up part of the northern pipeline that carries crude to Turkey's Ceyhan port.

Japan Govt Panel Says Tepco Still Falling Short on Nuclear Safety

Japan Govt Panel Says Tepco Still Falling Short on Nuclear Safety

The operator of Japan's crippled Fukushima Daiichi nuclear plant is still failing to sufficiently ensure the safety of its nuclear operations, a government-appointed panel looking into the causes of last year's disastrous accident said Monday.