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Sarkozy Arrives In Tripoli For Joint Visit With Cameron: AFP

Sarkozy Arrives In Tripoli For Joint Visit With Cameron: AFP

French President Nicolas Sarkozy arrived in Tripoli on Thursday for a joint visit with U.K. Prime Minister David Cameron following the fall of Moammar Gadhafi's regime, an AFP correspondent said.

China August Oil Products Consumption Up 2.2% On Year - NDRC

China August Oil Products Consumption Up 2.2% On Year - NDRC

China's apparent consumption of refined oil products rose to 19.43 million metric tons in August, up 2.2% compared with the same month a year earlier, the National Development and Reform Commission said Thursday.

Shell May Face Prosecution For North Sea Spill - UK Minister

Shell May Face Prosecution For North Sea Spill - UK Minister

Royal Dutch Shell PLC (RDSA.LN) may be prosecuted for the U.K.'s worst oil spill in a decade after Energy and Climate Change Secretary Chris Huhne confirmed an investigation into a 10-day leak from the oil major's Gannet Alpha platform last month will be sent to Scotland's public prosector.

EDF Energy To Up UK Retail Power, Gas Rates From Nov 10

EDF Energy To Up UK Retail Power, Gas Rates From Nov 10

EDF Energy, the U.K. arm of Electricite de France SA (EDF.FR), said Thursday it will raise its U.K. retail or residential electricity and natural gas prices from Nov. 10, becoming the last of the big six U.K. retail energy suppliers to raise its rates.

TNK-BP Shareholder: Barsky Still On Track To Be CEO

TNK-BP Shareholder: Barsky Still On Track To Be CEO

TNK-BP Ltd., half-owned by BP PLC (BP), still intends to promote Deputy Chief Executive Maxim Barsky to CEO, shareholder and Vice President German Khan said Thursday.

Geopolitics at Play as Cyprus Gets Ready to Develop Offshore Natural Gas Deposits

Geopolitics at Play as Cyprus Gets Ready to Develop Offshore Natural Gas Deposits

At the start it was the Arab spring and the unrest that followed in the northern coastal strip of Africa which is a net oil and gas exporter. From a European energy point of view Libya is what really matters, although Egypt’s position is pivotal since a sizeable amount of oil and gas, a cumulative 2.0 to 2.5 bbl per day , flows through the Suez canal and the country itself is a net gas exporter.

Gazprom Forecasts 2011 Production at 520 bcm

Gazprom Forecasts 2011 Production at 520 bcm

Russian gas giant Gazprom expects to produce 520 billion cubic meters of gas in 2011, up from 515 bcm last year, Vsevolod Cherepanov, head of gas, gas condensate and oil production, said on Wednesday.

Saudi Aramco, Total Refinery JV Fully Operational In 4Q, 2013

Saudi Aramco, Total Refinery JV Fully Operational In 4Q, 2013

Saudi Aramco Total Refining and Petrochemical Co., or Satorp, said Tuesday its refinery complex at Jubail on the Persian Gulf coast is expected to be fully operational in the fourth quarter of next year.

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.