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Crude Supertanker Attacked Off Oman Coast

Crude Supertanker Attacked Off Oman Coast

A supertanker loaded with 270,000 metric tons of crude oil was attacked early Wednesday morning off the coast of Oman, the vessel's manager said.

Ex-Aramco Official: US Cable Wrong To Dispute Saudi Reserves

Ex-Aramco Official: US Cable Wrong To Dispute Saudi Reserves

A former executive of Saudi Arabian Oil Company, known as Saudi Aramco, who was referenced in a leaked U.S. diplomatic cable saying the kingdom's oil reserves were overstated by 300 billion barrels, said Wednesday he was misquoted.

EPA Chief Defends Greenhouse-Gas Regulations Before Republicans

EPA Chief Defends Greenhouse-Gas Regulations Before Republicans

The chief of the U.S. Environmental Protection Agency is preparing to defend the Obama administration's greenhouse-gas policies in her first appearance before the U.S. House of Representatives since the Republicans took control of the chamber.

RES Growth Robust in Crisis-Hit Landscape

RES Growth Robust in Crisis-Hit Landscape

Slow rates of growth in the use of renewable energy sources (RES) are picking up as power generated by photovoltaic systems nearly quadrupled in 2010, rising to 198 megawatts from 53 MW in 2009.

EU Faces Prospect of Black Swan Shutdown of Suez Canal

EU Faces Prospect of Black Swan Shutdown of Suez Canal

The Egyptian crisis yesterday (8 February) entered a new and potentially critical phase as thousands of Suez Canal service workers began an indefinite strike two weeks after protests against the Mubarak regime began.

New Code of Conduct for Power Firms

New Code of Conduct for Power Firms

Private companies involved in the retailing of electricity are making an overture to private consumers by offering discounts of 20 percent on the rates of the Public Power Corporation (PPC), while the Environment and Energy Ministry works on measures to protect consumers.

Seoul Envoy To Visit China For North Korea Nuclear Talks

Seoul Envoy To Visit China For North Korea Nuclear Talks

South Korea's chief nuclear envoy Wi Sung-lac will visit Beijing this week for talks with his Chinese counterpart on North Korea's atomic programs, the foreign ministry said Tuesday.

Shell May Offer Gazprom Assets For Plant Expansion

Shell May Offer Gazprom Assets For Plant Expansion

Royal Dutch Shell PLC (RDSA.LN, RDSB.LN) might offer OAO Gazprom (GAZP.RS) assets in Asia in exchange for a deal to expand a liquefied gas export plant, Bloomberg News reported Tuesday, citing unnamed people with knowledge of the negotiations.

Jordan To Seek Partner This Mo For $5B Nuclear Proj -Report

Jordan To Seek Partner This Mo For $5B Nuclear Proj -Report

Jordan Atomic Energy Commission, or JAEC, will seek this month, via a request for proposal, a strategic partner for its planned nuclear plant that is expected to cost between $4 billion and $5 billion, Doha-based Asharq daily reports Tuesday citing an executive.

BPs Russian Joint Venture Postpones Sale Of Kovykta Field

BP's Russian Joint Venture Postpones Sale Of Kovykta Field

An auction of the huge Siberian Kovykta gas condensate field, majority-owned by BP PLC's (BP) Russian joint venture TNK-BP Ltd., has been postponed by two weeks to March 1, the administrator of the sale said Tuesday.

Rosatom Unit To Drop Bulgarian Belene Project

Rosatom Unit To Drop Bulgarian Belene Project

AtomStroyExport, a unit of Russian nuclear group Rosatom Nuclear Energy State Corporation, will cancel a project to build a nuclear reactor in the town of Belene in Northern Bulgaria due to delays caused by the Bulgarian government's financing issues, French business daily La Tribune reported Monday, citing an internal document that AtomStroyExport sent to its parent company.

BP Looking Further Afield For Investments-Trader

BP Looking Further Afield For Investments-Trader

BP (BP.LN) is reportedly in talks with Indian energy major Reliance Industries (500325.BY) to buy a 30% to 45% stake in the D6 hydrocarbon block in a basin off India's east coast, according to press reports. This deal, if it happens, will allow BP to start looking further afield for investment, says Atif Latif, trader at Guardian Stockbrokers.

Iran Oil Spill Pollutes Vast Patches Of Coast, Farmland - Report

Iran Oil Spill Pollutes Vast Patches Of Coast, Farmland - Report

Oil spill from a ruptured pipeline in Southwestern Iran is contaminating large areas of coastal waters and farmland, local officials were quoted as saying by an official agency Monday, the latest incident in an oil industry suffering from years of underinvestment.