English Edition

Russia Shuts Last Weapons-Grade Plutonium Reactor

Russia Shuts Last Weapons-Grade Plutonium Reactor

Russia shut its last weapons- grade plutonium reactor on Thursday, local news agencies reported, under a deal with the United States to cut the risk of nuclear proliferation from Soviet era bomb-making plants.

Cnooc, Sinochem Said to Bid on Statoil Brazil Field

Cnooc, Sinochem Said to Bid on Statoil Brazil Field

Cnooc Ltd., China’s biggest offshore energy explorer, and Sinochem Group may separately bid as much as $3 billion for a 40 percent stake in a Brazilian oil field owned by Norway’s Statoil ASA, two people with knowledge of the companies’ plans said.

Iraq To Get $850M Signature Bonuses From 7 Oil Deals

Iraq To Get $850M Signature Bonuses From 7 Oil Deals

International oil companies will pay Iraq this year $850 million as signature bonuses for signing deals to develop seven oil fields awarded during the country's second licensing auction held in December last year, the Iraqi cabinet said in a statement Wednesday.

California Scuffle Over Renewable-Energy Goal

California Scuffle Over Renewable-Energy Goal

Already straining under high unemployment and large budget deficits, California could face a new crisis of spiraling costs for renewable energy unless officials loosen new rules, the state's three large utilities say.

French Bill Would Force EDF To Sell Power To Competition

French Bill Would Force EDF To Sell Power To Competition

The French government Wednesday took the first step in introducing a new bill that would force French state-controlled power behemoth Electricite de France SA (EDF.FR) to sell part of its production to competitors at set prices.

Iraq To Hold New Bid Round For 3 Gas Fields - Official

Iraq To Hold New Bid Round For 3 Gas Fields - Official

The Iraqi Oil Ministry is planning to hold this year a third licensing auction to develop three discovered gas fields Akkas, Mansouriya and Siba, a senior official at the ministry said Wednesday.

Energy Assets Could Draw Edison Interest

Energy Assets Could Draw Edison Interest

Italian power company Edison could be interested in Greek energy assets the government may include in its 2010 privatization program, its chief executive officer, Umberto Quadrino, said yesterday.

Green Survey Busts Myths

Green Survey Busts Myths

Greeks are well-informed about the risks posed by climate change, positive about initiatives aimed at harnessing relatively untapped renewable energy sources and opposed to the use of nuclear energy, according to the result of a survey carried out by polling firm Public Issue on behalf of conservation group WWF Hellas.

EU Shown 2050 Path to Renewables-Based Economy

EU Shown 2050 Path to Renewables-Based Economy

Europe could meet at least 80% of its energy needs from renewables by 2050 without paying more for electricity than it would by continuing with current fossil-fuel based infrastructure, according to a new report by the European Climate Foundation (ECF).

Chinas Top Oil Firms Sell Gasoline to Iran-Trade

China's Top Oil Firms Sell Gasoline to Iran-Trade

State-run Chinaoil has sold two gasoline cargoes for April delivery to Iran, industry sources said on Wednesday, stepping into a void left by fuel suppliers halting shipments under threat of U.S. sanctions.

Clinton Cites Progress With Turkey On Iran Nuclear Issue

Clinton Cites Progress With Turkey On Iran Nuclear Issue

Secretary of State Hillary Clinton on Tuesday cited "progress" with Turkey on international sanctions that the United States and its allies want to slap on Iran over its suspect nuclear program.