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U.S. Sees Greater North Korea Nuclear Threat

U.S. Sees Greater North Korea Nuclear Threat

The Obama administration told the United Nations nuclear watchdog that North Korea likely has built more than one uranium-enrichment facility, significantly raising the proliferation threat posed by the secretive communist state.

CNPC, Sinopec, Cnooc Sign Venezuela Oil, Gas Deals

CNPC, Sinopec, Cnooc Sign Venezuela Oil, Gas Deals

China's three main state-owned oil companies have strengthened their ties to Venezuela's energy sector, signing six agreements and increasing their investments to a planned $40 billion dollars.

South Korea Pulls Out Of Lithuania Nuclear Project

South Korea Pulls Out Of Lithuania Nuclear Project

A four-nation nuclear power plant project in Lithuania was thrown into doubt Friday, as the government said a South Korean bidder has pulled out and another was rejected.

PPC Signs Deal With French EDF

PPC Signs Deal With French EDF

Public Power Corporation (PPC) has signed a memorandum of cooperation with France’s EDF Energies Nouvelles to jointly develop renewable energy projects in Greece, it said yesterday.

Walter Energy Seals $3.3 billion Western Coal buy

Walter Energy Seals $3.3 billion Western Coal buy

U.S.-based mining group Walter Energy Inc is to buy Canada's Western Coal for C$3.3 billion ($3.3 billion) to create the world's leading producer of metallurgical coal used by steelmakers.

China 2010 Biogas Output To Exceed 13B Cubic Meters -Ministry

China 2010 Biogas Output To Exceed 13B Cubic Meters -Ministry

China's biogas production is expected to exceed 13 billion cubic meters this year, with the number of biogas users likely to reach 155 million by the end of the year, according to the Ministry of Agriculture.

Chevron Awards Contracts For $6-$8B Indonesia Gas Project

Chevron Awards Contracts For $6-$8B Indonesia Gas Project

Chevron Corp. (CVX) said Thursday it has awarded engineering contracts for a deepwater natural gas project that will be its biggest single investment in Indonesia and increase its exposure to booming demand in North Asia for cleaner-burning fuels.

Serica Energy Will Plug And Abandon Marindan-1 Exploration Well

Serica Energy Will Plug And Abandon Marindan-1 Exploration Well

Serica Energy PLC (SQZZF), an energy company, Thursday said the indicated volume of hydrocarbons present at the Marindan-1 Exploration Well, Kutai PSC, Indonesia, is not expected to be sufficient to justify commercial development and the well will be plugged and abandoned.

Uranium Prices Could Double In Next Decade-Strateco

Uranium Prices Could Double In Next Decade-Strateco

Prices of spot uranium could more than double within the next decade, the chief executive of Strateco Resources Inc. (RSC.T) said Thursday, due to increased demand from Asia's developing fleet of nuclear reactors.

Iran Makes Arrests Over Nuclear Scientist Killing

Iran Makes Arrests Over Nuclear Scientist Killing

Iran has arrested "some elements" who were working with Western spy agencies and connected to the murder of a senior Iranian nuclear scientist, Intelligence Minister Heydar Moslehi said on Thursday.

EPA Official Says Agency Ready To Defend Greenhouse Gas Rules

EPA Official Says Agency Ready To Defend Greenhouse Gas Rules

The Obama administration is preparing to defend its greenhouse gas policies after Republicans take control of the U.S. House of Representatives next year, the Environmental Protection Agency's top clean-air regulator said Thursday.

Cyprus Seeks Long Term Gas Supplier

Cyprus Seeks Long Term Gas Supplier

Cyprus may pick its natural gas supplier for the next 20 years within the coming month, the head of the island’s state electricity authority said on Tuesday. Now exclusively reliant on heavy fuel, authorities are conducting negotiations with short-listed companies for natural gas to come on stream by 2014. A government-controlled company, Natural Gas Public Company (DEFA), is leading talks.