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Russian Sub Could Stop Oil Leak

Russian Sub Could Stop Oil Leak

Russian-owned submersibles would be able to cap the oil leak in the Gulf of Mexico, the captain of one of the vessels has said. The skipper was speaking as two of the subs - which can dive to 6,000m - started a campaign of exploration at the bottom of Lake Baikal in Siberia.

Oil, Gas Drillers Raise Voices As Debate Over Ban Intensifies

Oil, Gas Drillers Raise Voices As Debate Over Ban Intensifies

Crew members of the Danny Adkins, a drilling rig owned by Noble Corp. (NE), watched new paint dry as they waited for the resolution of the Gulf's biggest drama: whether the temporary ban on offshore drilling imposed by the Obama administration will stick.

China Begins Operating Countrys First UHV DC Power Line

China Begins Operating Country's First UHV DC Power Line

China's first ultra-high voltage direct current power transmission line began operating Thursday, linking eight provinces from Xiangjiaba in Sichuan province to Shanghai city, the Shanghai city government said on its official website.

Bulgaria Still Pays for Belene NPP Without Strategic Investor

Bulgaria Still Pays for Belene NPP Without Strategic Investor

While it is still struggling to bring a strategic investor onboard, Bulgaria will continue to make payments to Russian contractor AtomStroyExport for the construction of the first reactor of the future Belene nuclear power plant project, it emerged on ameeting between Bulgarian Prime Minister Boiko Borissov and Russia's first deputy prime minister Viktor Zubkov.

EU to Seek Temporary Ban on Deep-Water Oil Permits

EU to Seek Temporary Ban on Deep-Water Oil Permits

EU energy commissioner Gunther Oettinger has indicated that member states should stop giving out fresh permits for deep-water oil drilling in the light of the BP oil catastrophe.

Final Tests Completed at Irans Bushehr NPP

Final Tests Completed at Iran's Bushehr NPP

Final tests were completed at the Bushehr Nuclear Power Plant in Iran ahead of the scheduled launch in mid-September, Russia's Atomstroyexport said in a statement on Thursday.

Green RES Drive Could Generate Jobs

Green RES Drive Could Generate Jobs

Investment in the green economy and harnessing renewable energy sources (RES) could generate more than 200,000 jobs at a time that unemployment is rising and an unprecedented debt crisis is threatening the future of many traditional sectors, a new study has found.

ExxonMobil To Start Production At Sakhalin-1 Field In 3Q

ExxonMobil To Start Production At Sakhalin-1 Field In 3Q

The Sakhalin-1 consortium, operated by Exxon Mobil Corp. (XOM), plans to start production at the Odoptu field off Russia's Pacific coast in the third quarter of 2010, the U.S. oil major said Wednesday.

Oil Drillers Take Defiant Stance Against Ban

Oil Drillers Take Defiant Stance Against Ban

The International Association of Drilling Contractors is striking a defiant tone amid the fight to stave off a drilling moratorium in US federal waters. The presenters' slideshow at a Houston gathering calls Martin Feldman, the federal judge in Louisiana who struck down the moratorium last month, a "hero

French Oil Co. Total Ramps Up Clean-Tech Investing

French Oil Co. Total Ramps Up Clean-Tech Investing

Total S.A. (TOT, FP.FR) is increasing its clean technology venture investing in Europe and North America, as it seeks to diversify outside of oil, according to a senior official at the French company.

UK Climate Review: Scientists Honest, But Not Open

UK Climate Review: Scientists Honest, But Not Open

Climate scientists at the center of a row over the reliability of climate science were found to be honest and rigorous, but lacking in openness, the final inquiry into hacked emails at the U.K.'s Climatic Research Unit at the University of East Anglia said Wednesday.

Financial Close Confirms E.ON Ruhrgas as New Partner in TAP

Financial Close Confirms E.ON Ruhrgas as New Partner in TAP

Baar, Switzerland. E.ON’s participation, announced in May, is a significant step in the realization of the TAP project which plans to build a 520-km pipeline with a capacity of between 10 and 20 bcm per year from Greece, through Albania and the Adriatic Sea, to Italy. Statoil and EGL now each hold a 42.5% shareholding in the project company.