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Global Oil Demand Has Never Been Higher, Despite Recent Revisions

Global Oil Demand Has Never Been Higher, Despite Recent Revisions

Global oil demand has never been higher, despite recent revisions. Demand is driven by growth in Asia, the Middle East, Latin America and FSU, while requirements in North America and EU are contracting in 2011 as well as in 2012.

E.ON, GDF Suez In Talks To Team For French Wind Farm Bids

E.ON, GDF Suez In Talks To Team For French Wind Farm Bids

Germany's E.ON AG (EOAN.FR) is in advanced talks with power group GDF Suez SA (GSZ.FR) to join the French group's consortium for a 3,000 megawatt windfarm tender offer offshore France, French daily Le Figaro reported Friday, without citing sources.

Russia Temporarily Halts China Oil Link On Earthquake

Russia Temporarily Halts China Oil Link On Earthquake

Russia temporarily halted oil pipeline deliveries to China, as well as some rail shipments of crude, after an earthquake, Russia's state pipeline operator said Friday.

IAEA Urges Japan To Set Realistic Decontamination Goals

IAEA Urges Japan To Set Realistic Decontamination Goals

The International Atomic Energy Agency, in a report released Friday, urged Japan to take a more focused and realistic approach to dealing with radioactive contamination in areas around the stricken Fukushima Daiichi nuclear plant in northeastern Japan, amid signs the Japanese government is becoming increasingly overwhelmed by public demands for decontamination.

French Climate Negotiator: Hopes For Global Climate Around 2018 Or 2020

French Climate Negotiator: Hopes For Global Climate Around 2018 Or 2020

Advocates for a binding international climate treaty are hoping the upcoming United Nations talks in South Africa yield an agreement to maintain the Kyoto Accord's climate mitigation rules for the next few years and a commitment to enact a binding global agreement in the 2018 or 2020 time-frame, France's chief climate negotiator said Friday.

BP Investments in Projects in Azerbaijan top $31bn

BP Investments in Projects in Azerbaijan top $31bn

Investments into development of Azeri-Chirag-Gunashli, Shah Deniz (Phase I) fields, Baku-Tbilisi-Ceyhan oil pipeline and South Caucasus pipeline projects have totaled $31.6bn since they were first launched.

Wind, Solar Farm Finance at Record in Q3

Wind, Solar Farm Finance at Record in Q3

Wind farm and solar park financing surged to a record $41.8 billion in the third quarter, even though clean energy share prices and the Europeaneconomyslumped, a report by research firm Bloomberg New Energy Finance said on Thursday.

Vestas Gets 99MW Wind Turbines Order For Texas Project

Vestas Gets 99MW Wind Turbines Order For Texas Project

Danish wind turbine manufacturer Vestas Wind Systems A/S (VWS.KO) said Thursday it has received an unconditional order for 55 v100-1.8 megawatt wind turbines for a U.S. wind farm project.

BP Commits Itself To North Sea

BP Commits Itself To North Sea

BP's (BP) new GBP4B investment in the giant Clair field is something of a turnaround in terms of commitment to the North Sea, notes Evolution Securities. Says that in recent years the majors have tended to talk more about redeploying capital to less mature regions with greater prospectivity.

TNK-BP Minority Shareholder Raises Claim Against BP To $13B

TNK-BP Minority Shareholder Raises Claim Against BP To $13B

A minority shareholder in BP PLC's (BP) Russian joint venture TNK-BP Holding (TNBP.RS) Thursday almost tripled his claim for damages from the U.K. oil major in relation to a failed exploration deal with OAO Rosneft (ROSN.RS) to 409.3 billion rubles ($13 billion) from RUB154.3 billion, the legal firm representing him said.

Tanker Freight Rates In The Mediterranean Soar 30% On Week

Tanker Freight Rates In The Mediterranean Soar 30% On Week

Freight rates in the Mediterranean market soared almost 30% this week, after new shipping regulations affecting the Turkish Straits caused severe delays to tankers traveling through the Dardanelles and the Bosphorous Straits.

Romanian Govt Approves Renewable Energy Incentive Scheme

Romanian Govt Approves Renewable Energy Incentive Scheme

Romania's Government on Wednesday approved the ordinance providing state aid through green certificates for renewable energy production, after repeated complaints about delays from business associations in the industry.

Gazprom, Belarus May Sign New Gas Contracts in November

Gazprom, Belarus May Sign New Gas Contracts in November

Russia's gas giant Gazprom may sign new gas contracts with Belarus in November, the firm said on Thursday, after talks which also covered the sale of half of the Belarusian gas transportation company Beltransgaz to Gazprom.

Areva-Siemens Finnish EPR Reactor Delayed Again

Areva-Siemen's Finnish EPR Reactor Delayed Again

A third generation EPR nuclear reactor being built in Finland by French-German consortium Areva SA (ARVCY) and Siemens AG (SI) will likely be delayed again, to 2014 from 2013, Finnish power company Teollisuuden Voima Oyj said Wednesday.