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Mediterranean Oil & Gas Mulls Options After Italy Drill Ban

Mediterranean Oil & Gas Mulls Options After Italy Drill Ban

Παρ, 13 Αυγούστου 2010 - 13:14

U.K. oil and gas company Mediterranean Oil & Gas PLC (MOG.LN) Friday said it is investigating how it can develop the Ombrina Mare oil discovery after an Italian decree banned oil exploration and production within five miles of the country's coastline.

Japan July Power Output Up 7.9% On Year At 90.72 Bln KWh

Japan July Power Output Up 7.9% On Year At 90.72 Bln KWh

Παρ, 13 Αυγούστου 2010 - 13:14

Electricity generated by Japan's 10 regional power utilities in July rose 7.9% from a year earlier to 90.72 billion kilowatt hours as electricity demand rose due to very hot weather, the Federation of Electric Power Companies said Friday.

Australia,Greece Below Oil Stocks Requirement In May-IEA Data

Australia,Greece Below Oil Stocks Requirement In May-IEA Data

Πεμ, 12 Αυγούστου 2010 - 15:55

Australia and Greece in May fell short of the International Energy Agency's requirement for members to have oil stocks equivalent to at least 90 days of net imports, the latest data on the IEA's website shows.

Climate-Change Fight Shifting To Western US Coal Mines

Climate-Change Fight Shifting To Western US Coal Mines

Πεμ, 12 Αυγούστου 2010 - 15:55

Western U.S. coal producers are increasingly coming under fire by environmental groups that see a chance to fight climate change by curbing output from the nation's largest coal basin.

Iraq Resumes Kirkuk Oil Flow To Turkey - Shipper

Iraq Resumes Kirkuk Oil Flow To Turkey - Shipper

Πεμ, 12 Αυγούστου 2010 - 15:54

Iraq has resumed crude oil flow from the Kirkuk oil fields to Turkey's Mediterranean port of Ceyhan more than a day after it was halted by an explosion on the Turkish leg of the pipeline, but at a reduced rate, a Middle East shipping agent said Thursday.

Russia Insists Radiation Normal In Chernobyl-hit Forests

Russia Insists Radiation Normal In Chernobyl-hit Forests

Πεμ, 12 Αυγούστου 2010 - 15:54

Russia Thursday insisted that radiation was normal in regions contaminated by the Chernobyl disaster amid concerns forest fires could send a cloud of radioactive particles as far as Moscow.

Nuclear Tax Overshadows Strong RWE 1H Results

Nuclear Tax Overshadows Strong RWE 1H Results

Πεμ, 12 Αυγούστου 2010 - 15:53

RWE's (RWE.XE) 1H results show a "strong operational development" well ahead of LBBW and consensus estimates, says analyst Bernhard Jeggle in a note. Adds, however, that the results are overshadowed by the company's review of mid-term targets because of the German government's plan to impose a nuclear fuel rod tax. Keeps at buy with EUR68.40 target. Shares -0.2% at EUR54.10.

Greece and Bulgaria Agree on Development Details for IGB Pipeline

Greece and Bulgaria Agree on Development Details for IGB Pipeline

Πεμ, 12 Αυγούστου 2010 - 13:11

Greece and Bulgariahave signed a development agreement outlining the precise steps and schedules for the development of the 160 km Greece - Bulgaria Interconnection Pipeline (IGB), proposed to transport gas from Komotini, Greece, to Stara Zagora, Bulgaria.

BP Delays Libya Deep Water Drilling, But Insists Its Safe

BP Delays Libya Deep Water Drilling, But Insists It's Safe

Τετ, 11 Αυγούστου 2010 - 16:14

U.K. oil giant BP PLC (BP) has pushed back the start of its exploration for oil in deep water offshore Libya for an unspecified period of time to ensure all its plans are in order, but the company and the Libyan authorities insist the drilling will be safe.

E.ON Names Board Member,Unit Chiefs In Management Revamp

E.ON Names Board Member,Unit Chiefs In Management Revamp

Τετ, 11 Αυγούστου 2010 - 16:14

German utility E.ON AG (EOAN.XE) said Wednesday it has completed a reorganization of its top management level after appointing a new executive board member and naming new chief executives for its two biggest units.

Nigeria Vows To Pay Europe Cos Billions In Fuel Bills

Nigeria Vows To Pay Europe Cos Billions In Fuel Bills

Τετ, 11 Αυγούστου 2010 - 16:13

Nigeria has pledged to pay billions of dollars in long-overdue bills this month for fuel imports, but its uneasy European trade partners aren't exactly holding their breath.

Russia Approves TNK-BP Carbon Emissions Project

Russia Approves TNK-BP Carbon Emissions Project

Τετ, 11 Αυγούστου 2010 - 16:13

Russia has approved a project by TNK-BP Holding (TNBP.RS) to sell emissions reduction units, or ERUs, on the international market, the Anglo-Russian oil major said Wednesday.