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Eni Farms In MEO Australias Heron, Blackwood Gas Discoveries

Eni Farms In MEO Australia's Heron, Blackwood Gas Discoveries

Eni SpA (E), Italy's biggest energy company by market value, said Tuesday it signed an agreement with MEO Australia Ltd. (MEO.AU) to farm in to the Heron and Blackwood natural gas discoveries in Northern Australia.

Iran Denies Sharing Missile Know-how With North Korea

Iran Denies Sharing Missile Know-how With North Korea

Iran's foreign ministry on Tuesday rejected a U.N. panel report alleging that it has been exchanging ballistic missile expertise and components with North Korea in violation of U.N. sanctions.

Gamesa Gets $2 Bln Order From Caparo In India

Gamesa Gets $2 Bln Order From Caparo In India

Gamesa Wind Turbines Pvt. Ltd., the Indian unit of Spain's Gamesa Corporacion Tecnologica SA (GCTAY), Tuesday received a $2 billion order from the local unit of Caparo Energy Ltd. (CNE.LN) to build 2,000 megawatts of wind power projects in the South Asian country.

Libya Rebel Fin Min: Trying To Unlock $1.15B Of Cash From UK

Libya Rebel Fin Min: Trying To Unlock $1.15B Of Cash From UK

Libya's western allies are financially "strangling" the rebels due to the lack of progress in releasing funds to pro-democracy fighters trying to unlock up to $1.15 billion of cash in the U.K., the National Transitional Council finance and oil minister said Tuesday.

Japan LNG Imports Surge, Thwart Hope Of Lower Prices

Japan LNG Imports Surge, Thwart Hope Of Lower Prices

Japan's imports of liquefied natural gas surged 23% in April compared with the same month in 2010, after the March earthquake and tsunami shut down several of the country's nuclear reactors, according to data published late Monday by ship tracking service Waterborne.

Turkeys Renewables Turn Foreign Investor Eyes to the Country

Turkeys Renewables Turn Foreign Investor Eyes to the Country

Turkey’s initiative to go ‘green’ in energy production turn foreign investor eyes to the country in a bid to partake in one of the fastest growing energy markets in the region. Two separate teams of US energy companies, one specifically focusing on renewables, is expected to visit the country in June and October, according to U.S. Embassy’s Commercial Counselor, Michael Lally.

TAP Pipeline Impact Assessment Begins in Italy

TAP Pipeline Impact Assessment Begins in Italy

The Trans Adriatic Pipeline (TAP) announced today that it has commenced the project’s formal Environmental and Social Impact Assessment (ESIA) process in Italy. The submission of its Scoping Report to the Italian authorities follows a similar move in Albania last month.

Japan To Absorb All Excess LNG Capacity -BarCap

Japan To Absorb All Excess LNG Capacity -BarCap

Japan is set to absorb all of the world's excess capacity to produce liquefied natural gas this year, following the closure of a significant chunk of its nuclear power capacity after the earthquake and tsunami, says Barclays Capital.

Iran President To Head Oil Ministry As Caretaker

Iran President To Head Oil Ministry As Caretaker

Iran's president Mahmoud Ahmadinejad said Sunday in televised remarks he will be the caretaker head of the oil ministry after dismissing the incumbent ahead of a merger with the energy ministry.

Noble Energy Provides Update of Leviathan Appraisal

Noble Energy Provides Update of Leviathan Appraisal

Noble Energy, Inc. (NYSE: NBL) announced today that it has ended drilling operations at the Leviathan #2 appraisal well location, offshore Israel. During the drilling process, the Company identified water flowing to the sea floor from the wellbore.

UK Backs Gadhafi Arrest Warrant

UK Backs Gadhafi Arrest Warrant

U.K. Foreign Secretary William Hague welcomed news Monday that Moamer Gadhafi and two Libyan regime figures faced arrest for war crimes, saying crimes against civilians would not go unpunished.

Iraq West Qurna Oil Output To Triple In Next 3 Years - Lukoil

Iraq West Qurna Oil Output To Triple In Next 3 Years - Lukoil

OAO Lukoil's (LKOH.RS) development of the West Qurna field with partner Statoil ASA (STO) is expected to yield 150,000 barrels of oil a day by 2013, with production increasing to around 400,000-500,000 barrels a day by 2014, Gati Al-Jebouri, executive director and chief commercial officer of Lukoil Mid-East said at a conference Friday.

IEA: Concerned About Increase In OPECs Preferred Oil Price

IEA: Concerned About Increase In OPEC's Preferred Oil Price

The International Energy Agency is concerned that the preferred oil price level of the Organization of the Petroleum Exporting Countries is creeping steadily higher, and that this could harm the world economy, said the head of the agency's oil industry and markets division David Fyfe Friday.