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Worlds Largest Offshore Wind Farm Opens Off Kent

World's Largest Offshore Wind Farm Opens Off Kent

Chris Huhne, the Energy Secretary, will open Thanet wind farm in the English Channel off Foreness Point. The 100 turbines, each measuring more than 300ft, will power more than 200,000 homes. It will increase the amount of energy generated from offshore wind in the UK by a third to 1,314MW, compared to 1,100MW in the whole of the rest of the world.

Bulgarian, Greek Energy Heads Talk Gas Pipeline Link

Bulgarian, Greek Energy Heads Talk Gas Pipeline Link

The Bulgarian and Greek ministers in charge of energymet in Thessaloniki Wednesday in order to coordinate the project for connecting the natural gas pipeline networks of the two countries.

Strategic View: President Medvedev, and Rosneft, go to China

Strategic View: President Medvedev, and Rosneft, go to China

President Medvedev will visit China for two days from Sunday. Deputy Prime Minister Igor Sechin is already in China and has been holding talks on energy cooperation. It has already been announced that Rosneft and CNPC will jointly build a $5 bln oil refinery in the country. What else is on the agenda and how may this positively affect the strategic view of Rosneft?

Venezuela, Russia Sign $700 Million Oil Tanker Deal

Venezuela, Russia Sign $700 Million Oil Tanker Deal

Venezuela's state shipping company has signed a deal to buy 10 Aframax oil tankers worth $700 million from Russia's United Shipbuilding Corp., Russian news agency RIA Novosti reports Wednesday, citing an USC spokesman.

Irans Ahmadinejad Meets Greek Prime Minister

Iran's Ahmadinejad Meets Greek Prime Minister

Iranian President Mahmoud Ahmadinejad met Greek Prime Minister George Papandreou in New York, his website said Wednesday, boasting a crack in Europe's strained relations with Tehran.

Russia, China to Build $5 Billion Refinery, Extend Gas Talks

Russia, China to Build $5 Billion Refinery, Extend Gas Talks

OAO Rosneft, Russia’s largest oil producer, and China National Petroleum Corp. agreed to build a $5 billion refinery in China, while the two countries may not complete talks on natural-gas supplies until next year.

Kazakhstan Pipeline Blasts Cut Gas Supply

Kazakhstan Pipeline Blasts Cut Gas Supply

Two blasts ripped through a gas pipeline owned by Intergas Central Asia JSC in Kazakhstan’s Mangistaus region, on Wednesday, the republic’s Emergency Ministry said.

Russia Seeks To Balance Budget With $70 Oil By 2015

Russia Seeks To Balance Budget With $70 Oil By 2015

Russia will seek to balance its budget by 2015, based on oil at $70 per barrel, Finance Minister Alexei Kudrin said Tuesday, signaling that new strategies will be needed as the country struggles to erase its first deficit in years.

Germany Wont Contribute To Ecuador Nature-For-Oil Plan

Germany Won't Contribute To Ecuador Nature-For-Oil Plan

Germany won't consider contributing to a fund for the Yasuni-ITT project that would compensate Ecuador for not extracting oil from an Amazon reserve, Dirk Niebel, Germany's minister for Economic Cooperation and Development, said in a letter last week.

Nigeria Lead Contamination May Affect 18,000 People: U.N.

Nigeria Lead Contamination May Affect 18,000 People: U.N.

More than 200 children are thought to have died in Nigeria following massive lead contamination that has affected an estimated 18,000 people because of illicit gold mining, the U.N. said Tuesday.

Greenpeace: Targets Chevron UK Oil Drilling Rig With Protest

Greenpeace: Targets Chevron UK Oil Drilling Rig With Protest

Environmental group Greenpeace said Tuesday it has targeted a drilling rig under contract to Chevron Corp. (CVX) in the U.K. in a protest similar to one that briefly shut down Cairn Energy PLC (CNE.LN) operations in Greenland last month.

Endesa, Mitsubishi Sign Deal On Electric Cars

Endesa, Mitsubishi Sign Deal On Electric Cars

Enel SpA's (ENEL.MI) Endesa SA (ELE.MC) unit and Japan's Mitsubishi Corp. (6503.TO) have signed a memorandum of understanding to cooperate on electric cars, Endesa said in a release Tuesday.