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EU To Approve Eni Pipeline Stake Sale By End Sept

EU To Approve Eni Pipeline Stake Sale By End Sept

The European Commission is expected to finally approve Italian energy giant Eni SpA's (E) sale of stakes in three natural gas pipelines by the end of September, a person familiar with the situation said Thursday.

Chinas Energy Goals Prompt Scramble

China's Energy Goals Prompt Scramble

Some local governments in China are rationing power to factories, homes and hospitals--and even shutting down traffic lights--in a scramble to fall into line with Beijing's unyielding energy-efficiency targets that also underscores the challenges in finding apt and lasting measures.

Hyundai Unveils its First Electric Car

Hyundai Unveils its First Electric Car

Hyundai Motor, South Korea's No.1 carmaker, unveiled its first pure electric car on Thursday, with a goal of commencing mass production of the vehicles in 2012.

EU Next Energy Savings Plan to Focus on Buildings

EU Next Energy Savings Plan to Focus on Buildings

Buildings will be at the centre of the EU's new energy savings plan, which the European Commission plans to present by the end of the year, the EU energy commissioner has said.

EU to Define Vulnerable Energy Customers

EU to Define Vulnerable Energy Customers

The EU is set to draft a definition of energy poverty in a bid to put consumers on the bloc's energy policy agenda. During an informal meeting of EU energy ministers, the European Commission agreed to produce a report presenting adefinition of vulnerable energy customers.

Iraqs West Qurna-2 To Produce 92M Tons/Year In 2017

Iraq's West Qurna-2 To Produce 92M Tons/Year In 2017

The supergiant West Qurna phase 2 oil field in southern Iraq will reach peak production of 92 million metric tons a year in 2017, Leonid Fedun, deputy chief executive at Russian oil producer OAO Lukoil Holdings (LKOH.RS) said Wednesday.

Transocean: BP Report On Deepwater Horizon Oil Spill Self-Serving

Transocean: BP Report On Deepwater Horizon Oil Spill Self-Serving

Transocean Ltd. (RIG) said Wednesday that BP PLC's (BP, BP.LN) internal investigation of the Deepwater Horizon incident is a "self-serving report" that attempts to conceal the role BP's decisions played in the event.

Rosneft Awards Urals Tenders To Shell, Gunvor, Statoil

Rosneft Awards Urals Tenders To Shell, Gunvor, Statoil

Russian oil company OAO Rosneft (ROSN.RS) has awarded the tender for 1.5 million to 3.5 million metric tons of Urals oil for the fourth quarter loading from the Baltic Sea port Primorsk to Royal Dutch Shell PLC (RDSA), traders said Wednesday.

Poland Wants Flexible Russian Gas Deal, Has Eyes On Shale Gas

Poland Wants Flexible Russian Gas Deal, Has Eyes On Shale Gas

Poland wants a flexible long-term agreement for natural gas deliveries from Russia in order to be able to reduce its gas imports from the east should it identify shale gas deposits or gain access to natural gas from other suppliers, Polish Treasury Minister Aleksander Grad said Wednesday in an interview with TVN CNBC.

UK Wind Power Hits Record Generation Output

UK Wind Power Hits Record Generation Output

Britain's wind farms hit record power output levels on Monday and at peak period was generating the same amount of electricity as almost four nuclear power stations, according to energy network operator National Grid.

Mafia Cash in on Lucrative EU Wind Farm Handouts

Mafia Cash in on Lucrative EU Wind Farm Handouts

They rise up high above the sun-scorched countryside, looking out over hilltop villages, palm trees, neatly-tended vineyards and olive groves. But for all their promises of a clean, green future, Italy's windfarms have now acquired a somewhat dirtier whiff - as the latest industry to be infiltrated by the country's mobsters.

BP Says Transocean Missed Danger Signs on Rig

BP Says Transocean Missed Danger Signs on Rig

BP deflected much of the blame for a rig blast that led to the United States' worst-ever oil spill, releasing an internal report on Wednesday which said that drilling contractor Transocean had missed danger signs.