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BP May Lose U.S. Oil Leases, Contracts After Spill

BP May Lose U.S. Oil Leases, Contracts After Spill

BP Plc may lose control of its U.S. oil and natural gas wells and be barred from doing business with the federal government as punishment for the worst oil spill in U.S. history, industry and regulatory analysts said.

EU Climate Chief, EIB To Explore Joint Climate Finance Initiative

EU Climate Chief, EIB To Explore Joint Climate Finance Initiative

European Climate Action Commissioner Connie Hedegaard and the European Investment Bank Monday agreed to explore a joint climate finance initiative for developing countries as part of EU commitments made at last year's Copenhagen conference.

BP Makes Plan To Capture 50,000 Bbl/Day Of Leak

BP Makes Plan To Capture 50,000 Bbl/Day Of Leak

Oil continues to flow into the Gulf of Mexico from BP PLC's (BP) Macondo well, affecting hundreds of miles of coastal beaches and marshes in Louisiana, Mississippi, Alabama and Florida. The spill was triggered by an explosion on April 20 that destroyed the Transocean Ltd. (RIG) drilling platform Deepwater Horizon, killing 11 crew members.

Greenpeace Activists Break Into Swedish Nuclear Plant

Greenpeace Activists Break Into Swedish Nuclear Plant

As many as 30 Greenpeace activists broke into a Swedish nuclear plant Monday, demanding that parliament this week vote against allowing new nuclear facilities to be built, the group and police said.

Undersea Reservoir to Store Gas

Undersea Reservoir to Store Gas

A platform can be seen above Aegean Energy’s planned 400-million-euro gas reservoir. The converted gas field will be connected to onshore facilities via a 36-kilometer pipeline that can pump gas to or from the storage area.

Oil Nations Block Switch to 1.5°C Climate Goal

Oil Nations Block Switch to 1.5°C Climate Goal

Two weeks of climate talks in Bonn saw developing countries launch a new push to agree on stricter targets for halting global warming, only for the deal to be killed by Saudi Arabia. The blow came as new data showed that loopholes in pledges would allow rich countries to increase their emissions. EurActiv reports from Bonn.

BP May Lose U.S. Oil Leases, Contracts as Gulf Spill Punishment

BP May Lose U.S. Oil Leases, Contracts as Gulf Spill Punishment

BP Plc may lose control of its U.S. oil and natural gas wells and be barred from doing business with the federal government as punishment for the worst oil spill in U.S. history, industry and regulatory analysts said.

Gazprom, DESFA sign pipeline deal

Gazprom, DESFA sign pipeline deal

Plans to build the South Stream natural gas pipeline project moved forward yesterday with the signing of a deal in Moscow for the Greek leg of the energy project. Russian gas giant Gazprom and Greece's grid operator DESFA signed a deal to build the Greek section of the Russian-led gas pipeline, the companies said in a joint statement

No Russian Missile Sale To Iran - French Official

No Russian Missile Sale To Iran - French Official

Russian Prime Minister Vladimir Putin told President Nicolas Sarkozy on Friday that Moscow will not sell air defense missiles to Iran in line with U.N. sanctions, a French official said.

Bulgarian Government At Odds Over Pipeline, Nuclear - Report

Bulgarian Government At Odds Over Pipeline, Nuclear - Report

The Bulgarian prime minister Friday announced the country is to withdraw from the proposed Burgas-Alexandroupolis oil pipeline project and freeze construction of its second nuclear power plant at Belene, but the country's energy minister issued an immediate denial, Sofia News Agency reports on its website.