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Exxon CEO Sees Shift From Gas To Oil Drilling As Short-Sighted -Analysts

Πεμ, 2 Σεπτεμβρίου 2010 - 19:13

Exxon Mobil Corp. (XOM) has not shifted the drilling focus of recently acquired natural gas producer XTO Energy toward oil as it believes the switch other energy companies are doing is short-sighted and driven by the need for cash generation to sustain drilling to protect leases and prevent staff reduction, the company's Chief Executive Rex Tillerson told a group of analysts

International Lenders Set To Sign Nabucco Agreement - Sources

Πεμ, 2 Σεπτεμβρίου 2010 - 19:12

The Nabucco consortium is set to announce Monday that top international lenders will sign an agreement to take a senior financing role for its planned EUR7.9 billion natural gas pipeline, several people familiar with the matter said Thursday.

GDF Suez Deputy CEO: Won't Cut Jobs After Intl Power Merger

Πεμ, 2 Σεπτεμβρίου 2010 - 19:11

French power group GDF Suez's (GSZ.FR) deputy-chief executive, Jean-Francois Cirelli, Thursday said that the group doesn't plan any job cuts once the merger with International Power PLC (IPR.LN) is finalized.

Disasters Show Screaming Need For Action - UN Climate Chief

Πεμ, 2 Σεπτεμβρίου 2010 - 19:10

United Nations climate chief Christiana Figueres Thursday warned that a string of weather calamities showed the deepening urgency to forge a breakthrough deal on global warming this year.

Tanzania Urges East Africa To Embrace Nuclear Power - Paper

Πεμ, 2 Σεπτεμβρίου 2010 - 19:10

Tanzania has asked East African countries to start developing nuclear power, the Daily Nation newspaper reports Thursday.

Statoil To Keep At Least 50% Of Unit Spin-Off

Πεμ, 2 Σεπτεμβρίου 2010 - 19:10

Norwegian oil company Statoil ASA (STL.OS) said Thursday it has filed an application with the Oslo Stock Exchange for admission of the newly constituted company, Statoil Fuel & Retail ASA.

EU Energy Commissioner’s Speech at the Odessa Forum

Πεμ, 2 Σεπτεμβρίου 2010 - 18:07

In its Communication on the Black Sea Synergy (April 2007), the European Commission pointed out that "the Black Sea region is a production and transmission area of strategic importance for EU energy supply security. It offers significant potential for energy supply diversification and it is therefore an important component of the EU’s external energy strategy."

BP Sells Stakes In 2 Malaysia Petrochemical Firms To Petronas

Τετ, 1 Σεπτεμβρίου 2010 - 19:18

Oil major BP PLC (BP) Wednesday said it agreed to sell its equity stakes in two Malaysian petrochemical businesses to Malaysia's Petroliam Nasional Bhd. for $363 million in cash plus a dividend payment.

China Real Time Report: Mongolia Aims To Export Wind Power

Τετ, 1 Σεπτεμβρίου 2010 - 19:18

Mongolia, one day, hopes to export more than just coal to neighboring China. At a recent cabinet meeting, Prime Minister Sukhbaatar Batbold outlined plans to ramp up the country's investments in alternative energy and to export wind power to China--enough to equal 40 million tons of coal.

Uganda Calls For Bids For Construction Of 700MW Karuma Power Plant

Τετ, 1 Σεπτεμβρίου 2010 - 19:18

The Ugandan government has issued an international tender for the construction of the 700 Megawatt Karuma power station located on the River Nile, the Ministry of Energy and Minerals Development said Wednesday.

Greenpeace Still Blocks Cairn's Greenland Drilling

Τετ, 1 Σεπτεμβρίου 2010 - 19:17

Greenpeace protesters remain attached to the underside of a drilling rig contracted to Cairn Energy PLC (CNE.LN) offshore Greenland, shutting down operations on the rig for safety reasons, the environmental group said in a statement on its website Wednesday.