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Gadhafi Whereabouts A Mystery - NATO

Gadhafi Whereabouts A Mystery - NATO

NATO doesn't know whether Moammar Gadhafi is still in Libya as the fallen Libyan leader has disappeared from public view, an alliance spokesman said on Tuesday.

E.ON Shares Up On Possible Gas Grid Sale

E.ON Shares Up On Possible Gas Grid Sale

E.ON (EOAN.XE) shares rise after a DJN report that the company is moving ahead with the sale of its gas grid, citing unnamed sources.

MOL, Slovnaft To Invest EUR80M In Adria Oil Pipeline

MOL, Slovnaft To Invest EUR80M In Adria Oil Pipeline

Hungarian oil and gas company MOL Nyrt. (MOL.BU) and its Slovakian unit Slovnaft (SLN.BS) will spend about EUR80 million to modernize the Adria oil pipeline that runs between the two countries, Hungarian state news agency MTI cited Slovnaft as saying Tuesday.

Brazil Petrobras In Talks With Venezuelas PdVSA On Refinery JV

Brazil Petrobras In Talks With Venezuela's PdVSA On Refinery JV

Brazilian federal oil company Petroleo Brasileiro (PBR, PETR4.BR) said Tuesday that it was still in talks with Petroleos de Venezuela SA to complete a joint-venture deal to build a refinery in Brazil's Pernambuco state.

For Libyan Oil, Security Is Everything

For Libyan Oil, Security Is Everything

On Monday, OPEC came out with a remarkably optimistic forecast for Libyan oil. Despite Libya's oil industry being almost completely shut down by the civil war, OPEC said the country could be producing 1 million barrels a day of oil again within six months.

Sinovel to Use Greece as Launchpad Into Europe

Sinovel to Use Greece as Launchpad Into Europe

The recent three-day visit to Greece by a 15-member mission from Chinese company Sinovel, the world’s second-largest wind turbine maker, confirmed Chinese interest in investing in this country’s renewable energy sources (RES) sector, originally expressed in April with the memorandum of cooperation it signed with Public Power Corporation (PPC).

Greece Announces Tender for Seismic Surveys

Greece Announces Tender for Seismic Surveys

Greece invited companies to apply to conduct non-exclusive seismic surveys in its western and southern offshore areas. The objective of the surveys is to ensure data acquisition, processing and interpretation, including reprocessing and interpretation of existing data, in accordance to the highest present day oil and gas industry standards, the Athens-based Energy Ministry said today in an e-mailed statement.

EU To Negotiate Treaty Between the EU, Azerbaijan and Turkmenistan to Build a Trans Caspian Pipeline System

EU To Negotiate Treaty Between the EU, Azerbaijan and Turkmenistan to Build a Trans Caspian Pipeline System

Yesterday the European Union has adopted a mandate to negotiate a legally binding treaty between the EU, Azerbaijan and Turkmenistan to build a Trans Caspian Pipeline System. This is the first time that the European Union has proposed a treaty in support of an infrastructure project. The treaty will be concluded by the EU after decision by all 27 Member States that the European Commission should lead the negotiations on behalf of them all.

Gadhafi Forces Attack Oil Facility Near Ras Lanuf

Gadhafi Forces Attack Oil Facility Near Ras Lanuf

Loyalists of Moammar Gadhafi attacked an oil refinery near Ras Lanuf on Libya's central coast Monday, killing 12 fighters who were guarding it but failed to enter the refinery, a spokesman for the country's new rulers said.

E.ON, RWE Shares Fall After France Nuclear Blast

E.ON, RWE Shares Fall After France Nuclear Blast

E.ON (EOAN.XE) and RWE (RWE.XE) shares fall after a blast at a nuclear plant in Marcoule, in southern France, which raises fears of a Fukushima-like incident, according to traders. E.ON shares are down 5.0% at EUR12.71 and RWE is down 4.7% at EUR21.61.

China Recognizes NTC As Libyan Government

China Recognizes NTC As Libyan Government

China on Monday formally recognized the National Transitional Council (NTC) as Libya's government after the downfall of Moammar Gadhafi, the state-run Xinhua news agency reported.

Russia, Belarus To Sign New Gas Contract In December

Russia, Belarus To Sign New Gas Contract In December

Russian state gas firm OAO Gazprom (GAZP.RS) said Monday it expects to sign a contract with neighboring Belarus on gas supplies and gas transit in December, before the existing contract expires--a move that could limit the risk of another halt in Russian gas supplies to Europe.

Tony Hayward Likely To Resign TNK-BP Role Soon

Tony Hayward Likely To Resign TNK-BP Role Soon

Chief Executive Tony Hayward, who became a lightning rod for criticism over the company's U.S. oil-spill disaster last year, is preparing to sever his last tie with the U.K. energy giant.

Explosion At French Nuclear Facility Kills 1,Hurts 4

Explosion At French Nuclear Facility Kills 1,Hurts 4

One person was killed and four injured Monday following an explosion at a nuclear waste treatment facility owned by power giant Electricite de France SA in Southern France.

Saudi Crude Output at Record High

Saudi Crude Output at Record High

Saudi crude output at 30 year highs pushed up Opec production in August to levels seen before the Libyan civil war shut in supply, at just over 30mn b/d. Saudi Arabia produced 9.8mn b/d, 1.2mn b/d more than its output in January before Libyan production was disrupted.

Nairobi Pipeline Blaze Kills 100

Nairobi Pipeline Blaze Kills 100

More than 100 people have died after a petrol pipeline explosion and fire in Kenya's capital, Nairobi, police say. The blast took place in the city's Lunga Lunga industrial area, and police and troops cordoned off the area as firefighters battled fierce flames in the surrounding shanty town.