English Edition

Iraq, Shell Resolve Last Obstacle To $12 Bln Gas Deal

Iraq, Shell Resolve Last Obstacle To $12 Bln Gas Deal

The Iraqi Oil Ministry and Royal Dutch Shell PLC (RDSB) have resolved the last obstacle that was preventing them from signing a long-awaited $12 billion joint-venture deal, a senior Iraqi oil official said Tuesday.

India To Strengthen Nuclear Regulatory Body, Boost Transparency - PM

India To Strengthen Nuclear Regulatory Body, Boost Transparency - PM

India will strengthen the Atomic Energy Regulatory Board in to a more autonomous and independent body and boost accountability and transparency in the functioning of the country's nuclear power plants, Prime Minister Manmohan Singh said Tuesday.

Obama To Outline Energy Security Plan Wednesday

Obama To Outline Energy Security Plan Wednesday

President Barack Obama on Wednesday will outline his plan for America's energy security, a move that comes as political unrest in the oil-rich Middle East has driven gas prices upward.

Areva: Tepco Asked EDF, Areva, French Nuclear Agency For Support

Areva: Tepco Asked EDF, Areva, French Nuclear Agency For Support

French state-owned nuclear giant Areva SA (CEI.FR) Monday said it has received a request for support from Japanese operator Tokyo Electric Power Co. (9501.TO) which has been battling to avoid radiation leaks at its earthquake- and tsunami-hit Fukushima Daiichi plant for over two weeks.

Peak Oil Could Come By 2020 Amid Political Forces

Peak Oil Could Come By 2020 Amid Political Forces

Peak oil may be coming as soon as 2020, but it won't be driven by a lack of oil in the ground, said Suncor (SU) CEO Rick George at a forum on the future of energy at the Inter-American Development Bank meeting in Calgary. "I always think of this peak oil theory as more politically driven than it is physically driven."

EU Energy Chief: Nabucco, South Stream Pipelines Dont Compete

EU Energy Chief: Nabucco, South Stream Pipelines Don't Compete

The European Union's energy commissioner Guenther Oettinger Monday reiterated that the Nabucco and South Stream natural gas pipelines are not competing with each other, adding that the EU could politically support the latter Russian-backed project.

EU Extends Asset Freeze On Libya Oil Firms

EU Extends Asset Freeze On Libya Oil Firms

The European Union extended its asset freeze on some Libyan energy companies, aligning its sanctions to those agreed by the United Nations Security Council last week and clarifying doubts about the inclusion of certain firms, its Official Journal showed Thursday.

Gadhafi Aides Told US Firms To Pay Lockerbie Bill -NYT

Gadhafi Aides Told US Firms To Pay Lockerbie Bill -NYT

Moammar Gadhafi's aides in 2009 demanded U.S. firms make huge payments to Tripoli to help foot its $1.5-billion settlement for Lockerbie bombing victims or risk losing lucrative contracts in Libya, The New York Times reported Thursday.

OMV: Refinery Operations Unaffected By EU Ban On Libyan Oil

OMV: Refinery Operations Unaffected By EU Ban On Libyan Oil

Austrian oil and gas company OMV AG (OMV.VI) said Thursday it will adhere to European Union sanctions on business with Libyan state entities, and said its German and Austrian refinery operations will be unaffected as it is able to fully compensate through extra crude purchases from other countries.