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Leaked Cable Shows Challenge BP Faces In Russia

Leaked Cable Shows Challenge BP Faces In Russia

A new cable published by WikiLeaks shows the big challenges BP faces in its new Arctic exploration joint venture, and also sheds some light on the Russian government's motivation for allowing the unprecedented deal with state-controlled oil company Rosneft in the first place.

EDF Still Determined To Grow In Germany - Report

EDF Still Determined To Grow In Germany - Report

French electricity giant Electricite de France SA (EDF.FR) is still determined to grow in Germany, despite the recent sale of its 45% stake in EnBW Energie Baden-Wuerttemberg AG (EBK.XE), daily newspaper Handelsblatt reports ahead of publication Tuesday.

Exxon Regains Rank As Largest Listed Energy Co

Exxon Regains Rank As Largest Listed Energy Co

Exxon Mobil (XOM), with a market capitalization of $368.7B, regained the top position in 2010 as the world's largest publicly traded energy company, besting year-earlier leader PetroChina (PTR), according to annual ranking by consultancy PFC Energy. Brazil's Petrobras (PBR) rose to No. 3, with a $228.9B value. XOM off a fraction at $78.92.

China 2010 LNG Imports Rise 69%, More Ahead

China 2010 LNG Imports Rise 69%, More Ahead

China raised its liquefied natural gas imports by 69% last year to meet rising domestic demand for the relatively clean-burning fuel, final monthly data released by the General Administration of Customs confirmed Friday.

Japan Targets Nuclear Power Projects In Turkey, Jordan

Japan Targets Nuclear Power Projects In Turkey, Jordan

Japan's Minister of Economy, Trade and Industry Banri Kaieda said Friday that Japan is now focusing on Turkey and Jordan as the next targets for sales of nuclear power plants.

Eni, Chinas CNPC To Jointly Focus On Shale Gas, Africa

Eni, China's CNPC To Jointly Focus On Shale Gas, Africa

Eni SpA (E) said Friday it signed a memorandum of understanding with China National Petroleum Corp., or CNPC, as part of a strategy to strengthen its presence in the hydrocarbon-hungry Far East and to use its shale gas knowledge.

Papandreou Announces Creation of Largest Photovoltaic Park, Kozani

Papandreou Announces Creation of Largest Photovoltaic Park, Kozani

Greek Prime Minister George Papandreou announced the creation of a photovoltaic park in Kozani. This solar photovoltaic park will be the biggest in the whole world, with a power capacity of 200 MW. Papandreou added that this construction will replace the harmful environment lignite factory and will establish a new age of sustainable development constructions.

Russia Eyes New Power Projects in Afghanistan

Russia Eyes New Power Projects in Afghanistan

Russia is considering options for building new hydroelectric power stations in Afghanistan, President Dmitry Medvedev said on Friday.

Russia to Back TAPI Gas Pipeline Project in Central Asia

Russia to Back TAPI Gas Pipeline Project in Central Asia

Russia will cooperate in a range of energy projects including the construction of the Trans-Afghanistan (TAPI) pipeline, Russian President Dmitry Medvedev and his Afghan counterpart Hamid Karzai said in a joint statement on Friday.

Alstom Sees Orders Gaining Momentum; Keeps Goals

Alstom Sees Orders Gaining Momentum; Keeps Goals

Power engineering and train company Alstom SA (ALO.FR) Thursday said orders should continue to improve after picking up in its fiscal third quarter, and confirmed its guidance for this fiscal year and the next.