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Gulf Oil Spills Worst-Case Seen At 40,000-60,000 Barrels/Day

Gulf Oil Spill's Worst-Case Seen At 40,000-60,000 Barrels/Day

Τετ, 5 Μαΐου 2010 - 18:32

As much as 40,000 to 60,000 barrels of oil a day could spill into the Gulf of Mexico from a leaking BP PLC (BP, BP.LN) deepwater well under the worst cases envisioned by company officials, a lawmaker said on Tuesday.

Statoil First-Quarter Profit Triples on Gain in Crude Oil Prices, Output

Statoil First-Quarter Profit Triples on Gain in Crude Oil Prices, Output

Τετ, 5 Μαΐου 2010 - 13:04

Statoil ASA, Norway’s largest oil and gas company, said first-quarter profit tripled as crude prices surged and production increased. Net income rose to 11.1 billion kroner ($1.8 billion), or 3.49 kroner a share, from 3.67 billion kroner, or 1.15 kroner, a year earlier

Greenland Oil Rush Looms as Exxon Eyes Cairn’s Bet

Greenland Oil Rush Looms as Exxon Eyes Cairn’s Bet

Τετ, 5 Μαΐου 2010 - 13:02

Cairn Energy Plc is betting $400 million this year on striking oil off Greenland, a campaign that will be closely watched by producers such as Exxon Mobil Corp. and Chevron Corp. that hold rights off the island.

U.S. Oil Spill Hurting Energy Moves in Congress

U.S. Oil Spill Hurting Energy Moves in Congress

Τετ, 5 Μαΐου 2010 - 12:57

The massive, uncontrolled oil spill in the Gulf of Mexico is roiling President Barack Obama's carefully laid plans to open up America's coasts to drilling again, while rattling Congress to a point where the oil industry's exploratory plans could face a big shake-up.

RWE: Nabucco Gas Supply Deals Now Unlikely In 1H 2010

RWE: Nabucco Gas Supply Deals Now Unlikely In 1H 2010

Τρι, 4 Μαΐου 2010 - 17:50

German utility RWE AG (RWE.XE), a member of the consortium that plans to build the natural gas pipeline Nabucco, said Tuesday it no longer expects gas supply deals with Azerbaijan and Turkmenistan will be signed in the first half of 2010 in light of pending political agreements.

Russias Transneft Says Ukraine Oil Transit Fees Too High

Russia's Transneft Says Ukraine Oil Transit Fees Too High

Τρι, 4 Μαΐου 2010 - 17:49

The head of Russia's state-controlled oil-pipeline operator has complained to Prime Minister Vladimir Putin that Ukraine's oil-transit fees are too high. "There are, of course, some problems with transit to Ukraine," OAO Transneft's (TRNFP.RS) chief, Nikolai Tokarev, said, according to comments posted on the government's website.

Report On French Nuclear Industry Due By Mid-May -Source

Report On French Nuclear Industry Due By Mid-May -Source

Τρι, 4 Μαΐου 2010 - 17:48

A report commissioned by French president Nicolas Sarkozy on the future of France's nuclear industry will focus on cooperation among national champions to ensure success winning overseas contracts, a person close to the French government told Dow Jones Newswires Tuesday.

Mongolia Could Decide Soon On Uranium JV With Russia - Report

Mongolia Could Decide Soon On Uranium JV With Russia - Report

Τρι, 4 Μαΐου 2010 - 17:48

The government of Mongolia will make a decision soon on establishing a joint venture with Russia to develop a Mongolian uranium deposit, reports the RIA Novosti news service Tuesday, citing the head of the Russian civilian nuclear-power corporation, Rosatom.

The Dramatic Final Hours at Copenhagen

The Dramatic Final Hours at Copenhagen

Τρι, 4 Μαΐου 2010 - 13:18

One of the most striking accounts of the final hours at the Copenhagen climate conference was notable not just for its controversial portrayal of China’s role in the negotiations, but the drama that was involved — heads of state banging microphones and ‘throwing up their hands in despair’.

Brussels to Argue for 30% CO2 Reduction Target

Brussels to Argue for 30% CO2 Reduction Target

Τρι, 4 Μαΐου 2010 - 13:14

The economic slump has cut the cost of meeting the EU's current 2020 emission reduction target by nearly a third, making a move to a 30% cut affordable, according to a draft European Commission communication seen by EurActiv.

Russias Urals Crude Oil Price Jumps 69% in April year-on-year

Russia's Urals Crude Oil Price Jumps 69% in April year-on-year

Τρι, 4 Μαΐου 2010 - 13:10

The average price of Russia's Urals export oil blend jumped 69% in April 2010 year-on-year to $82.5 per barrel as the world economy recovers from the effects of the global economic crisis, a Finance Ministry official said on Tuesday.