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Iran-Iraq Electricity Line Sabotaged, Policeman Killed

Τετ, 7 Δεκεμβρίου 2011 - 18:42

An Iraqi policeman was killed and two others were wounded during a sabotage attack on power lines in the province of Diyala, northeast of Baghdad, a government spokesman said Wednesday.

Total CEO: EU Oil Ban Wouldn't Have Major Affect On Iran

Τετ, 7 Δεκεμβρίου 2011 - 18:40

A proposed European Union ban on imports of Iranian crude oil wouldn't have a major affect on Iran because alternative markets exist for its oil, but could have a short term impact on some buyers of its oil, said Total SA (TOT) Chief Executive Christophe de Margerie Wednesday.

Saudi Arabia Pumped More Than 10 M/B/D Of Crude In Nov

Τετ, 7 Δεκεμβρίου 2011 - 18:40

Top oil exporter Saudi Arabia pumped around 10.040 million barrels per day of crude oil last month, the highest in three decades, on higher demand and requests from customers, an oil official from the Gulf country said Wednesday.

Russia Startled by Bulgaria's Scrapping of BA Oil Pipeline

Τετ, 7 Δεκεμβρίου 2011 - 17:07

Russia's oil company Transneft has expressed dismay atthe decision of the Bulgarian government to kill the project for the Burgas-Alexandroupolis oil pipeline, according to its representatives.

Bulgaria’s Newly Elected Pres Vows Public Debate on Belene N-Plant Project

Τετ, 7 Δεκεμβρίου 2011 - 16:50

Bulgaria's newly elected president Rosen Plevneliev has vowed to seek a public debate on the project for the country's second nuclear plant at the Danubian town of Belene.

World Heading For 3.5 C Warming Climate Durban Talks Told

Τρι, 6 Δεκεμβρίου 2011 - 18:49

Current pledges for curbing carbon emissions will doom the world to global warming of 3.5 degrees Celsius, massively overshooting the United Nations' target of 2 C, researchers reported at the climate talks Tuesday.

EU Shouldn't Threaten Iran Oil Ban -Senior Adviser To Qatar Emir

Τρι, 6 Δεκεμβρίου 2011 - 18:49

The European Union shouldn't threaten to ban imports of Iranian crude oil as part of sanctions against the country's nuclear program because it will ultimately prove damaging to the oil industry, Ibrahim Al Ibrahim, economic adviser to the Emir of Qatar, said Tuesday.

RWE Raises EUR2.1B In Crucial Capital Increase

Τρι, 6 Δεκεμβρίου 2011 - 18:48

RWE AG (RWE.XE) said Tuesday it expects gross proceeds of around EUR2.1 billion from a capital increase it carried out in response to Germany's decision earlier this year to accelerate its planned exit from nuclear energy, hitting the company's earnings and cash flows.

Ocean Rig Approves $500M Share, Notes Buyback Program

Τρι, 6 Δεκεμβρίου 2011 - 18:48

Ocean Rig UDW Inc.'s (ORIG) board approved a stock buyback program of up to $500 million in stock and the company's 9.5% senior unsecured notes due 2016.

High Saudi Oil Prices Seen Drawing Crude East

Τρι, 6 Δεκεμβρίου 2011 - 18:48

A steep hike in oil prices for Asian buyers of Saudi Arabian crude in January could prompt more oil to flow east from the West African market and Atlantic Basin, analysts said Tuesday.

UN's Ban: Leaders Must Take Responsibility For Climate Talks

Τρι, 6 Δεκεμβρίου 2011 - 18:47

The slow pace of progress in United Nations-led climate talks is the fault of leaders distracted by domestic political crises, the United Nations' secretary-general said Tuesday, as he urged them to continue work toward a binding climate deal.

IEA Says Action Needed Now to Sustainably Enhance Energy Security and Avert Climate Change

Τρι, 6 Δεκεμβρίου 2011 - 16:57

International Energy Agency Executive Director Maria van der Hoeven today called on countries to step up efforts to avert climate change, noting that to do so requires addressing their energy security concerns in a sustainable manner.

Credit Crunch Stalls Solar Energy Deals

Τρι, 6 Δεκεμβρίου 2011 - 15:42

Lack of credit in the market is likely to see the deadline for the installation and operation of photovoltaics to the capacity of 200 megawatts being missed.