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US Military Sees No Sign Of Iranian Incursion In Iraqi North

US Military Sees No Sign Of Iranian Incursion In Iraqi North

The U.S. military said Thursday it had no evidence to substantiate a report that Iranian troops have been building a small fort on Iraqi territory since crossing the border in pursuit of Kurdish rebels.

BP: Will Be Able To Collect Extra 10,000 Bbl/Day Within Week

BP: Will Be Able To Collect Extra 10,000 Bbl/Day Within Week

BP PLC (BP) should be able to capture up to 10,000 barrels a day more of the oil leaking into the Gulf of Mexico within a week with the deployment of a second system attached to the well head, Senior Vice President Kent Wells said Thursday.

Libya, Greece Sign Strategic Cooperation Accord

Libya, Greece Sign Strategic Cooperation Accord

Libya and Greece have signed an accord that paves the way for "strategic cooperation" between the two countries during the Greek premier's visit to the oil-rich country, Libyan media reported Thursday.

IEA: 10 Global Demand Rising But Still Downside Risks

IEA: '10 Global Demand Rising But Still Downside Risks

The International Energy Agency Thursday raised its 2010 world oil demand forecast, on stronger-than-expected demand but said up to 300,000 barrels a day of future U.S. output may be at risk if a U.S. drilling moratorium is extended.

China Overseas Oil And Gas Investment Gathering Pace -IEA

China Overseas Oil And Gas Investment Gathering Pace -IEA

Overseas investments by China's national oil companies in 2010 look as if they will outpace by far the $18.2 billion spent in 2009, with more than half that amount already committed by April, according to an International Energy Agency study issued Thursday.

Power Firms, Wind Sector Join Calls for EU Grid Plan

Power Firms, Wind Sector Join Calls for EU Grid Plan

A more coordinated approach to electricity grid planning is needed if Europe is to reap the benefits of large-scale investment in renewable energies, said large EU power firms and the wind sector in a joint statement yesterday (9 June).

Commission Sets Rules for Green Biofuel Label

Commission Sets Rules for Green Biofuel Label

To ensure that biofuels contributing to the EU's 20% renewable target are produced in a sustainable manner, the European Commission called for industry and governments to set up certification schemes.

UN Hits Iran With New Sanctions Over Nuclear Program

UN Hits Iran With New Sanctions Over Nuclear Program

The UN Security Council on Wednesday slapped broader military and financial sanctions on Iran over its suspect nuclear program, but Brazil and Turkey voted against. The vote in the 15-member council was 12 in favor, with Lebanon abstaining and Brazil and Turkey voting against.

Total, Abengoa In $600M Solar Deal With Masdar

Total, Abengoa In $600M Solar Deal With Masdar

Abu Dhabi government-owned Masdar, the renewable energy initiative, Wednesday appointed France's Total S.A. (TOT) and Spain's Abengoa Solar (ABG.MC) as partners on a $600 million solar power project in the Gulf emirate--the world's largest concentrated solar power, or CSP, plant.