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First Solar to Develop Solar Farms in India

First Solar to Develop Solar Farms in India

First Solar Inc. (FSLR) is planning to expand in India, developing solar farms to meet the nation's increasing need for energy, Bloomberg reports Thursday.

Petromanas Energy Updatew its Ongoing Drilling Program in Albania

Petromanas Energy Updatew its Ongoing Drilling Program in Albania

Petromanas Energy Inc. provided an operational update on its ongoing drilling program in Albania. The Company spud the Shpirag-2 well located on Blocks 2-3 onshore Albania on June 30, 2012. Drilling of the well continues and the Company has set surface casing to a depth of 1,057 metres and the intermediate hole has reached a depth of approximately 2,200 metres

Genel Energy Buys Large Exploration Stakes Offshore Malta, Morocco

Genel Energy Buys Large Exploration Stakes Offshore Malta, Morocco

Genel Energy PLC (GENL.LN), an oil company, primarily focused on the Kurdistan region of Iraq, Thursday announced that it has expanded its exploration acreage after acquiring large stakes in two licenses, offshore Morocco and offshore Malta.

Gas Price in Balkans Cheaper than Europe

Gas Price in Balkans Cheaper than Europe

The natural gas prices in Balkan countries, including Turkey, is cheaper that the European average with even Bosnians, consumers of the most expensive gas in the region, pay less than EU’s 0.64 euros per cubic meter.

Saudi Oil Output At 10.1 Million B/D In June, Exceeding Russia

Saudi Oil Output At 10.1 Million B/D In June, Exceeding Russia

Oil production in Saudi Arabia, the world's largest crude exporter, rose to 10.103 million barrels a day in June, from 9.807 million barrels a day in May, overtaking Russia as the world's largest producer, official data showed.

Saudi Aramco To Soon Announce Gas Discoveries

Saudi Aramco To Soon Announce Gas Discoveries

State-owned Saudi Arabian Oil Co., or Aramco, will soon announce unconventional gas discoveries in the north and northwest of the kingdom, al-Riyadh newspaper reports Wednesday, citing the firm's chief executive.

Bulgarian Power Distributors Incurring Losses over Green Energy Policy

Bulgarian Power Distributors Incurring Losses over Green Energy Policy

A recent change in the tariff policy of Bulgaria's energy regulator spells more losses for the country's power distributors as the financial burden of the regulatory support scheme for green energy shifts away from power grid operator NEK.

U.S. Says Oil Firms Should Respect Baghdad Government

U.S. Says Oil Firms Should Respect Baghdad Government

The U.S. said Monday that oil companies shouldn't bypass Iraq's central government after authorities in the autonomous Kurdish north signed dozens of deals with foreign energy firms.