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Copenhagen Prompts Nations To Take Own Path-UK Science Head

Copenhagen Prompts Nations To Take Own Path-UK Science Head

The failure of last year's Copenhagen climate summit to produce a binding global agreement on reducing greenhouse gases is forcing governments and companies to take a more "bottom-up" approach to cutting emissions, the U.K.'s Chief Scientific Adviser John Beddington said Wednesday.

Oil Falls On China Monetary Policy Concerns

Oil Falls On China Monetary Policy Concerns

Crude futures are down Wednesday on concerns of a tightening in China's monetary policy, which renewed worries about a potential slowdown in commodity demand.

Iran Enters Talks On Supplying Iraq With Natural Gas

Iran Enters Talks On Supplying Iraq With Natural Gas

Iran and Iraq have begun talks that could see the former supplying its neighbor with natural gas, state-run news agency Press TV reports on its Web site Wednesday, citing a senior Iranian gas official.

Europe’s Growing Offshore Wind Capacity

Europe’s Growing Offshore Wind Capacity

Europe’s fledgling offshore wind industry will grow this year by 1,000 megawatts, or 75 percent, the European Wind Energy Association forecast in a report Monday, 18/01/2010.

IEA: Turkey Expects To Emerge From Oil Stocks Dip

IEA: Turkey Expects To Emerge From Oil Stocks Dip

Turkey dipped below the International Energy Agency's required oil-stock level in October, the latest data show, but the country expects November data to show its stock levels to be back in line with the requirement, an official from the IEA said Tuesday.

Russia To Send Envoy To Ukraine After Freeze In Ties

Russia To Send Envoy To Ukraine After Freeze In Ties

Russian President Dmitry Medvedev said Tuesday he would send an ambassador to Kiev after a five-month freeze, news agencies reported, following the election defeat of Ukraine's pro-Western president.

Enel To Talk With Possible Partners On Nuclear Program

Enel To Talk With Possible Partners On Nuclear Program

Enel SpA (ENEL.MI) Chief Executive Fulvio Conti said Tuesday the company is starting talks with potential Italian and international partners for its nuclear power program. Enel and France's Electricite de France SA (EDF.FR) are together investing in the company's EUR16 billion to EUR18 billion nuclear program.

Statoil Wins Exploration Licenses

Statoil Wins Exploration Licenses

Norwegian oil company Statoil ASA (STO) said Tuesday it has been awarded shares in eight exploration licenses on Norway's continental shelf by the Ministry of Petroleum and Energy.

Iran Sees, Welcomes Wests New Realism On Nuclear Ambitions

Iran Sees, Welcomes West's New 'Realism' On Nuclear Ambitions

Iran on Tuesday welcomed what it called the West's newfound "realism" on Tehran's controversial nuclear program after world powers failed to decide on new sanctions. Foreign Ministry spokesman Ramin Mehmanparast told reporters: "Speaking of sanctions is repetitive and it isn't constructive.

Gazprom Sure of Continued Timely Gas Payment After Ukraine Vote

Gazprom Sure of Continued Timely Gas Payment After Ukraine Vote

Gazprom CEO Alexei Miller said on Tuesday he could foresee no problems with gas payments by Ukraine after the presidential elections in the former Soviet republic. "Ukraine pays for gas under the contract in full. After the elections, the situation will not change and a regular payment is due to be made on February 7. I am confident that Ukraine will pay in full," Miller said

Oil Falls Below $78 as OPEC Trims Demand Outlook

Oil Falls Below $78 as OPEC Trims Demand Outlook

Oil fell below $78 a barrel on Tuesday, extending its recent losing streak, as producer group OPEC said supply was ample enough to meet winter demand and trimmed estimated demand for its oil.

Gazprom Finds Buyers for Half of Nord Stream Pipeline Gas

Gazprom Finds Buyers for Half of Nord Stream Pipeline Gas

Russia’s natural gas concern Gazprom has already found buyers for half of the volumes of gas that will be supplied to Europe through the North European pipeline Nord Stream, Managing Director of the consortium of companies for the pipeline construction Matthias Warnig told the German economic magazine Euro in an interview.