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Independent Panel Says Japan Regulators Unprepared For Fukushima Daiichi Disaster

Independent Panel Says Japan Regulators Unprepared For Fukushima Daiichi Disaster

Japanese regulators were so unprepared for a serious accident at the Fukushima Daiichi nuclear power plant that the emergency response center they set up nearby didn't even have an air filter to screen out radioactive particles, according to an interim report by an independent panel charged with investigating Japan's worst nuclear disaster.

Vattenfall To Team Up To Bid For French Hydropower

Vattenfall To Team Up To Bid For French Hydropower

Swedish state-owned utility Vattenfall Group plans to team up with steel maker ArcelorMittal (MT), state-owned railway operator SNCF and chemical company Rhodia, a unit of Solvay (SOLB.BT), to bid for France's hydropower plants due to be auctioned in the coming months, the newspaper Les Echos reported citing unidentified sources from SNCF's labor union.

LUKOIL Launches Solar Power Plant in Bulgaria

LUKOIL Launches Solar Power Plant in Bulgaria

Russia's LIKOIL company has started the pilot run of a photovoltaic power plant in Bulgaria, the company said in a report. The facility is located near Bulgaria's resort city of Burghas and occupies an area of 2.5 hectares.

Eni Finalises Tag Pipeline Sale

Eni Finalises Tag Pipeline Sale

Italy's Eni has completed the sale of its 89pc share in the Trans-Austria gas pipeline (Tag) to Cassa Depositi e prestiti (CDP), it said today.

Syria Oil Production Drops Dramatically

Syria Oil Production Drops Dramatically

Smoke rises over Syria’s Homs city on Dec 8 after an attack on a vital refinery. The sanctions on the has pushed oil production down by 30 to 35 percent, officials say.

Noble Energy to Release Initial Block 12 Results This Week

Noble Energy to Release Initial Block 12 Results This Week

Noble Energy Inc. expects to release the initial results on the Aphrodite structure from its exploratory well at Block 12 in Cypriot waters later this week. Sources inform ''Globes'' that the company has received the results from the exploratory well, located 40 kilometers north of Israel's Leviathan natural gas field.

EU Carbon Prices Jump

EU Carbon Prices Jump

Prices of carbon on the European market jumped as much as 30% Tuesday, after a European Parliament committee supported action to withdraw permits from the market in an effort to boost prices. An overwhelming majority of the parliament's Environment Committee backed an amendment to an energy efficiency draft law proposed earlier this year by the European Commission

Ex Deputy Energy Minister Appointed Head of Nabucco Bulgaria

Ex Deputy Energy Minister Appointed Head of Nabucco Bulgaria

Mariy Kosev, former Deputy Minister of Economy, Energy and Tourism, has been appointed Managing Director of Nabucco Bulgaria, Nabucco Gas Pipeline International GmbH said in a statement. Kosev will succeed Kiril Temelkov, who was appointed CEO of state-owned Bulgartransgaz in June. In July, Temelkov was appointed temporary head of Bulgaria's "National Nabucco Company" until a suitable person was found to fill the position

Bulgaria Asked to Repay 255.6 Mln Euro Loan for Belene N-plant Project

Bulgaria Asked to Repay 255.6 Mln Euro Loan for Belene N-plant Project

An unnamed French bank has asked Bulgaria to start repaying a 500 million lev ($333.5 million/255.6 million euro) loan extended for the Belene nuclear power project, Prime Minister Boiko Borisov said on Thursday. The loan, taken out by the previous government, is due to be repaid in May 2012, the Bulgarian News Agency (BTA) said

Iran Preoccupied By Plunging Currency

Iran Preoccupied By Plunging Currency

Iranian officials, lawmakers and media on Wednesday worriedly snapped their focus on their country's sanctions-hit economy amid a sudden and accelerating plunge in the currency. The currency, the rial, was trading at 15,800 to the dollar--its lowest point ever--an indication of the fragility of the economy as ramped-up Western sanctions bit

Siberian Court Rejects TNK-BP Shareholders Appeal Against BP

Siberian Court Rejects TNK-BP Shareholders' Appeal Against BP

A Siberian arbitration court said Wednesday it had rejected an appeal by minority shareholders in BP PLC's Russian joint venture, OAO TNK-BP Holding, in a $2.8 billion lawsuit, marking a small victory for the U.K. oil major. The plaintiffs--led by Andrey Prokhorov who owns a 0.0000106% stake in TNK-BP--claim two BP-appointed directors on the TNK-BP board unlawfully blocked the company's efforts to promote itself rather than BP as a partner of state-controlled oil company OAO Rosneft in an Arctic exploration alliance that collapsed in May