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Nord Stream CFO: Last EUR2.5B Of Financing Completed

Nord Stream CFO: Last EUR2.5B Of Financing Completed

Nord Stream AG, the OAO Gazprom (GAZP.RS)-led joint venture building an underwater pipeline from Russia to Germany through the Baltic Sea, has completed financing, a German daily newspaper reports ahead of publication Friday.

BP Investors Spooked by Oil Spill Lawsuit

BP Investors Spooked by Oil Spill Lawsuit

Oil giant BP was the biggest faller on Britain's blue-chip board on Thursday, as investors fretted that a U.S. government lawsuit may mean the cost of its oil spill will be far higher than earlier expected.

Gazprom Gets 50% of Bulgarian South Stream Gas Pipeline JV

Gazprom Gets 50% of Bulgarian South Stream Gas Pipeline JV

Russian gas giant Gazprom has received a 50% stake in South Stream Bulgaria AD, the joint venture operating the Bulgarian sector of the South Stream pipeline project, which will pump gas to Southern and Central Europe, the company said in a statement on Thursday.

E.ON, Vattenfall Look To Improve Nuclear Plants Performances

E.ON, Vattenfall Look To Improve Nuclear Plants' Performances

German utilities E.ON AG (EOAN.XE) and Vattenfall Europe said Wednesday they have agreed on talks to improve the operational performances and safety record of two nuclear power plants that have been offline since 2007.

Acting Iran Foreign Ministers 1st Foreign Visit To Be To Turkey

Acting Iran Foreign Minister's 1st Foreign Visit To Be To Turkey

Iran's new acting foreign minister Ali Akbar Salehi is to accompany President Mahmoud Ahmadinejad to a regional summit in Turkey next week, his first foray abroad since taking up the job, the Mehr news agency reported Wednesday.

Jordan To Tender In Jan For 1-2 Nuclear Power Plants

Jordan To Tender In Jan For 1-2 Nuclear Power Plants

Jordan is expected to issue a final tender in January to build one or two nuclear power plants in the kingdom to reduce its high oil imports bill, a senior Jordanian energy official said Wednesday.

Alstom To Sign EUR340M Of Contracts For EDF Nuclear Maintenance

Alstom To Sign EUR340M Of Contracts For EDF Nuclear Maintenance

French power and transport engineering company Alstom SA (ALO.FR) Wednesday said it has secured EUR340 million of contracts to rehabilitate and maintain part of the nuclear fleet of French state-controlled power group Electricite de France SA (EDF.FR).

Russian Deputy PM: Russian Cos May Take 25% Of Samsun-Ceyhan Pipe

Russian Deputy PM: Russian Cos May Take 25% Of Samsun-Ceyhan Pipe

Russia's Deputy Prime Minister Igor Sechin and Turkey's Energy Minister Taner Yildiz announced a deepening of energy sector collaboration Wednesday, underlining the rapidly expanding economic and political ties between Ankara and Moscow.

Unpaid Power Bills a Growing Problem

Unpaid Power Bills a Growing Problem

Money owed to Greece’s Public Power Corporation (PPC) in the form of unpaid electricity bills stands at an estimated 700 million euros. This amount represents more than 10 percent of the company’s total turnover and is mainly the result of the economic crisis which is hitting small and medium-sized businesses hard.

Alstom Paying for Lost Years of Focus on Coal Rather Than Wind

Alstom Paying for Lost Years of Focus on Coal Rather Than Wind

Alstom SA is seeking to reverse the worst stock return of any major French company this year with a push into renewable energy as the maker of trains and turbines seeks to narrow the gap with German rival Siemens AG.

U.S. Wants U.N. to Lift Ban on Iraq Nuclear Imports

U.S. Wants U.N. to Lift Ban on Iraq Nuclear Imports

The United States hopes the U.N. Security Council will lift restrictions on the import of nuclear technology to Iraq, even though Baghdad has not ratified a U.N. agreement on tough atomic inspections.

French Energy Min: De Juniacs Move On Areva Not Official

French Energy Min: De Juniac's Move On Areva Not Official

French industry and energy minister Eric Besson Tuesday said that Alexandre de Juniac's application to take the helm of French state-controlled nuclear engineering firm Areva hadn't been "validated" by the government, in an interview with French radio Radio Classique

Pushes India To Lift Solar Import Restrictions

Pushes India To Lift Solar Import Restrictions

U.S. government officials and companies are pushing India to remove its restrictions on imports of solar technology, regulations they say threaten to cut American firms out of a promising market as India embarks on a major rollout of solar power. On a recent trip here, U.S. President Barack Obama noted the potential for the U.S. and India to deepen collaboration in alternative energy

Gazprom Plans To Raise Output To 580 BCM In 2015

Gazprom Plans To Raise Output To 580 BCM In 2015

Russian gas giant OAO Gazprom expects to produce between 570 billion cubic meters and 580 billion cubic meters of natural gas in 2015, the Vedomosti daily reports Tuesday, citing unnamed sources. The plan will be discussed at a board meeting on Dec. 21., said two sources familiar with Gazprom's recent production plan