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Total Eyes Role In Brazil Pre-Salt Resources Development

Total Eyes Role In Brazil Pre-Salt Resources Development

French oil and gas major Total SA (TOT) is "well prepared" to take part in the development of Brazil's pre-salt oil resources, Total's head of exploration and production, Yves-Louis Darricarrere, said Thursday.

Sinopec Bonded Bunker Fuel Sales Reach 200,000 Tons/Month

Sinopec Bonded Bunker Fuel Sales Reach 200,000 Tons/Month

China Petroleum and Chemical Corp. (SNP), better known as Sinopec, is quickly chipping away at PetroChina Co.'s (PTR) once dominant position in China's bunker fuel market as it expands to more ports and acquires more infrastructure.

China, North Korea To Boost Renewable Energy Cooperation

China, North Korea To Boost Renewable Energy Cooperation

China and North Korea signed an agreement Wednesday to share their experience and beef up cooperation in exploring and utilizing renewable energy, state-run Xinhua News Agency reported Thursday.

Several Firms Show Interest In New Iraq Oil Bidding Round

Several Firms Show Interest In New Iraq Oil Bidding Round

Several international companies have submitted documents to the Iraqi oil ministry to qualify them to take part in the country's fourth oil and gas licensing auction scheduled for January, one document and persons close to the ministry said Thursday.

2010 Global Renewable Energy Invest At Record $211 Bln

2010 Global Renewable Energy Invest At Record $211 Bln

Global investment in renewable energy rose nearly a third in 2010 compared with the previous year to a record $211 billion on large wind projects in China and small-scale roof-top solar installations in Europe, the United Nations Environment Program said Thursday in its annual report on the sector.

S Korea Adjusts Oil-Product Volume In Release Of Emergency Reserves

S Korea Adjusts Oil-Product Volume In Release Of Emergency Reserves

South Korea has increased the proportion of petroleum products that will comprise the stocks of oil that it plans to release from emergency reserves, in line with the preferences of local refiners, Korea National Oil Corp. said Wednesday.

National Grid Sees Steep Decline In UK Gas Output This Winter

National Grid Sees Steep Decline In UK Gas Output This Winter

The coming winter is likely to see a much sharper-than-usual fall in U.K. natural gas production due to the decline of existing fields and a low number of new resources coming onstream, U.K. utility National Grid PLC (NGG) said Wednesday.

«South East Europe Energy Outlook»: Α Major Reference Study by IENE on the Energy Prospects of the Region

«South East Europe Energy Outlook»: Α Major Reference Study by IENE on the Energy Prospects of the Region

IENE has just published a major reference study, entitled «South East Europe Energy Outlook». The study provides a thorough and detailed perspective of the energy sector of the region. The structure of the study is based on two main parts: (i) the energy profile of each country and (ii) sectorial analyses. Furthermore, the study covers the liberalization of the electricity and natural gas markets, stresses the role of the «Energy Community» and the influence of the European unification process on the countries of SE Europe

Million-Barrel Oil Tanker Ablaze Off Yemen

Million-Barrel Oil Tanker Ablaze Off Yemen

An oil tanker carrying 1 million barrels of oil, almost enough to supply Greece for three days, is on fire off the Yemeni coast after being attacked by pirates.

E.ON, Gazprom Still Talk On Long-Term Supply Deals

E.ON, Gazprom Still Talk On Long-Term Supply Deals

German utility E.ON AG (EOAN.XE) continues to talk with its largest supplier of natural gas--Russia's Gazprom OAO (GAZP.RS)--in an effort to adjust the commercial terms of supply contracts, two people familiar with the matter told Dow Jones Newswires.

Iraq Kurdistan To Boost Oil Exports To 200,000 B/D By Yr End

Iraq Kurdistan To Boost Oil Exports To 200,000 B/D By Yr End

Oil exports from Iraqi Kurdistan currently stand at about 180,000 barrels a day and the region's natural resources ministry has prepared a plan to boost their volume to 200,000 barrels a day by the end of the year, said Ashti Hawrami, the natural resources minister of the Kurdistan Regional Government, or KRG.