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Former Iraq Oil Chief Blasts Baghdads Oil Deals

Former Iraq Oil Chief Blasts Baghdad's Oil Deals

The former head of Iraq's largest state-owned oil company and advisor to the country's oil ministry has criticized deals Baghdad signed with international oil majors to develop some of its biggest fields.

E.ON Ruhrgas Targets Gulf,Africa For More Gas Supplies

E.ON Ruhrgas Targets Gulf,Africa For More Gas Supplies

E.On Ruhrgas AG chief executive officer Bernhard Reutersberg said Wednesday the company is seeking to secure natural gas from the Persian Gulf region and Africa to diversify its supply base and make up for dwindling European production of the fuel.

EU Climate Chief:Move To 30% CO2 Cut Now Would Not Make Sense

EU Climate Chief:Move To 30% CO2 Cut Now Would Not Make Sense

Moving to a more ambitious target of cutting CO2 emissions by 30% by 2020, from the present 20% goal, wouldn't make sense at the moment, as not all the conditions are right, the European Commissioner for Climate Action said Wednesday.

South Stream Signatures

South Stream Signatures

Russia’s Gazprom and Greece’s natural gas grid operator DESFA will sign a deal on June 7 to build the Greek portion of South Stream, a Russian-led natural gas pipeline project, an official said on Monday. “The deal will be signed in Moscow,” DESFA spokesman Sotiris Hiotakis told Reuters.

China sets 5% tax on oil

China sets 5% tax on oil

China will levy a 5% resource tax on crude oil and natural gas sales and a 2% to 5% tax on coal in the Xinjiang region from 1 June, raising over 2 billion yuan ($292.8 million) for the region this year, according to local reports.

India Offers To Invest In Gas Fields In Turkmenistan

India Offers To Invest In Gas Fields In Turkmenistan

India Tuesday offered to invest in Turkmenistan's natural gas producing fields and set up a petrochemical plant in the Central Asian country as it seeks to secure its own energy supplies.

North Korea To Sever All Relations With South Korea

North Korea To Sever All Relations With South Korea

North Korea said Tuesday it was severing all relations with South Korea and cutting communications links in protest at claims that it had sunk one of Seoul's warships.

TNK-BP Has Completed Seismic Exploration Of Astrakhan Fields

TNK-BP Has Completed Seismic Exploration Of Astrakhan Fields

BP PLC's (BP) Russian joint venture TNK-BP Holding (TNBP.RS) said Tuesday it has completed seismic exploration of all three of its fields in the Astrakhan region in the River Volga delta. TNK-BP acquired three 25-year licenses to develop fields in the Astrakhan region at an auction in 2006.

UK Government Outlines Laws To Promote Low-CO2 Energy

UK Government Outlines Laws To Promote Low-CO2 Energy

The U.K.'s coalition government outlined legislation to promote low-carbon energy production and secure energy supplies announced in the Queen's Speech that was delivered to parliament Tuesday.

Iran Says to Reconsider Fuel Swap if Sanctions Imposed

Iran Says to Reconsider Fuel Swap if Sanctions Imposed

Iran will reconsider a nuclear fuel swap deal if world powers agree to impose further sanctions on the Islamic Republic, Interfax news agency quoted Tehran's ambassador to Moscow as saying on Tuesday.

Areva Gets $2B US Govt Loan Guarantee For Enrichment Plant

Areva Gets $2B US Govt Loan Guarantee For Enrichment Plant

French nuclear group Areva SA (CEI.FR) said Friday that it has been granted a $2 billion loan guarantee from the U.S. Department of Energy to help finance its uranium enrichment facility near Idaho Falls, Idaho.

Libya Ready To Help Greece - Libyan PM

Libya Ready To Help Greece - Libyan PM

Libya stands ready to help Greece emerge from its debt crisis and beef up cooperation in the energy sector, Libyan Prime Minister Baghdadi Mahmoud said Friday in Athens.

Turkish PM Urges Obama Not To Dismiss Iran Nuclear Deal

Turkish PM Urges Obama Not To Dismiss Iran Nuclear Deal

Turkish Prime Minister Recep Tayyip Erdogan urged U.S. President Barack Obama not to dismiss a nuclear fuel swap deal sealed with Iran and to give diplomacy a chance, his press office said Friday.