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Rosneft: To Invest $2.6B In Vankor Field In 2010

Rosneft: To Invest $2.6B In Vankor Field In 2010

OAO Rosneft (ROSN.RS), Russia's largest oil producer, is planning to invest $2.6 billion in its key Vankor oil field in East Siberia in 2010, and produce 12.5 million metric tons of oil at the field, the company said in a presentation published Wednesday.

EUR42/MWh Under NOME Would Be Neutral For EDF -CFO

EUR42/MWh Under NOME Would Be Neutral For EDF -CFO

A new electricity tariff regulation in France would be neutral for French state-controlled power giant Electricite de France SA (EDF.FR) if the price is set at EUR42 per megawatt hour, EDF's Chief Financial Officer Thomas Piquemal said Wednesday in an interview with Dow Jones Newswires.

UK May Be Net Offshore Energy Power Exporter By 2050 - Study

UK May Be Net Offshore Energy Power Exporter By 2050 - Study

The U.K. could become a net exporter of offshore-generated renewable electricity by 2050 by utilizing just under a third of its total offshore wind, wave and tidal energy resources, a report said Wednesday.

Exxon, BG, BP, Eni Seek Stake In India Oil, Gas Field

Exxon, BG, BP, Eni Seek Stake In India Oil, Gas Field

Exxon Mobil Corp. (XOM), BG Group PLC (BG.LN), BP PLC (BP) and Eni SpA (E) are seeking to buy a stake in an oil and gas block leased by Oil & Natural Gas Corp. (500312.BY), India's flagship oil producer.

Igor Sechins Comments About Russian Oil

Igor Sechin's Comments About Russian Oil

gor Sechin, Deputy Prime Minister and Chairman of Rosneft, said this afternoon that the government will submit new oil tax proposals to the Prime Minister by the year-end. The oil industry, in particular, Rosneft, has been battling with the Finance Ministry for a significant reduction in its tax bill

Cyprus Pushes Ahead With New Licensing

Cyprus Pushes Ahead With New Licensing

Cyprus said today it was close to proceeding with a second licensing round for offshore oil exploration and is wrapping up the preparatory work.

Nuclear Cooperation Deal to Bring Russian Technologies to U.S.

Nuclear Cooperation Deal to Bring Russian Technologies to U.S.

A Russia-U.S civilian nuclear cooperation deal will help Russian companies enter the U.S. nuclear technology market and allow nuclear operators from both countries to gain access to unique reactor-building and nuclear fuel technologies, Russian experts said.

Iraq April Oil Exports 1.76M B/D, Down 4.3% On Month

Iraq April Oil Exports 1.76M B/D, Down 4.3% On Month

Iraqi crude oil exports in April fell 4.3% to 1.76 million barrels a day, compared with 1.84 million barrels a day in March, due to rough weather at the southern oil terminal and sabotage at the northern oil export pipeline, a spokesman for the Iraqi oil ministry told Dow Jones Newswires Tuesday.

Few New Nuclear Plants Likely By 2020 –Simmons

Few New Nuclear Plants Likely By 2020 –Simmons

Only four or five new nuclear power plants are likely to be constructed in the U.S. by 2020, analysts with Simmons & Company International write in a note to clients. "Within the US, despite recent positive talk from the Federal Government, in general we believe that the 'new nuclear' build-out is progressing at a slower pace than we would like to see," Simmons writes.

Medvedev: Russia Would Welcome Ukraine In Security Bloc-Report

Medvedev: Russia Would Welcome Ukraine In Security Bloc-Report

Russian President Dmitry Medvedev said Tuesday that Russia would welcome Ukraine taking a role in the Collective Security Treaty Organization, but any decision to participate must be made by Ukraine alone, the RIA Novosti news agency reports.

Costly Energy

Costly Energy

Spain, which has the second-largest number of solar panels in the world, and Greece lead other European countries in costs for obtaining approval to build solar power plants, a lobby group said.

Power Cuts

Power Cuts

The union representing workers at the Public Power Corporation (PPC) is to join a general strike this Thursday, which could result in power cuts. PPC workers are also due to join rolling 48-hour strike action from the evening of Tuesday, May 25. Their union is protesting austerity measures and plans to reform the country’s creaking pension system.