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Iraq Oil Minister: Two Out Of Five Oil Contracts Awarded

Iraq Oil Minister: Two Out Of Five Oil Contracts Awarded

A consortium comprising Royal Dutch Shell PLC (RDSA) and Malaysia's Petronas has been awarded Majnoon oil field, while the contract to develop the giant Halfaya oil field in southern Iraq was awarded to a consortium led by China National Petroleum Corp., Petronas and France's Total SA (TOT).

OMV, Vienna Bourse Launch Gas Trading Exchange In Austria

OMV, Vienna Bourse Launch Gas Trading Exchange In Austria

Austrian oil and gas giant OMV AG (OMV.VI) and the Vienna Stock Exchange Friday launched a new gas trading exchange that they see as a first step toward a wider continental European gas trading platform.

EDF Looks For UK Industry Support On Nuclear Build

EDF Looks For UK Industry Support On Nuclear Build

LONDON (Dow Jones)--Electricite de France SA (EDF.FR) is in early stage talks with U.K. industrial groups about forming a consortium to help fund new nuclear power stations, U.K. newspaper The Times reports Friday.

Red Tape Thwarts Greece’s First Private LNG Import

Red Tape Thwarts Greece’s First Private LNG Import

Greek energy firms Motor Oil and Mytilineos said yesterday they had canceled the country’s first private liquefied natural gas (LNG) import because the natural gas grid operator delayed approving it. The firms said in a statement they could not take delivery of the 65,000-cubic-meter shipment, jointly purchased from Italy’s ENI, because state-controlled grid operator DESFA failed to sign a contract providing access to its network.

Coming Together to Combat Climate Change

Coming Together to Combat Climate Change

In view of the United Nations Conference on Climate Change in Copenhagen, the foreign ministers of Cape Verde, Costa Rica, Iceland, Singapore, Slovenia and the United Arab Emirates have agreed to strengthen their commitments and call for renewed global action to address climate change.

Russia Eyes New Unit at Bulgarias Kozloduy Nuclear Plant

Russia Eyes New Unit at Bulgaria's Kozloduy Nuclear Plant

Russia has officially voiced its interest in the building of a seventh unit at Bulgaria's Kozloduy nuclear power plant, the closure of which was one of the conditions for the country's EU accession. "If the Bulgarian government opens a tender for an investor in the new nuclear facility, we will definitely take part in it," Genadij Tepkyan, Vice President of Atomstroyexport told journalists in Sofia

Oil To Average $85/Bbl In 2010 -Barclays Capital

Oil To Average $85/Bbl In 2010 -Barclays Capital

Oil prices will average $85 a barrel in 2010, Barclays Capital forecasts. Prices should range between $70-$100 a barrel next year. There will be little potential for the oil price spike of '08 due to spare supply capacity from OPEC, Kevin Norrish, managing director of commodity research told a press conference for its 2010 Global Outlook.

GE Wins $1.4 Bln Turbine Contract For Massive Wind Farm

GE Wins $1.4 Bln Turbine Contract For Massive Wind Farm

General Electric Co. (GE) won a $1.4 billion contract to supply Caithness Energy LLC with large turbines for a massive wind farm, set to be the world's largest once it's up and running.

Divides Emerge In Search For Copenhagen Deal

Divides Emerge In Search For Copenhagen Deal

The 12-day summit, which ends Dec. 18, aims to set bold new targets for cutting greenhouse gas emissions, measures to cope with the consequences of global warming and how the program will be financed.

Poland,Russia Reach Deal On Gas Supplies From Gazprom

Poland,Russia Reach Deal On Gas Supplies From Gazprom

The governments of Poland and Russia have finalized negotiations on an agreement under which Russia's OAO Gazprom (GAZP.RS) will supply additional amounts of natural gas to Poland as of next year, the Polish Economy Ministry said in a statement Thursday.

UK Met Office:10 Years To Cut Emissions, Limit Temperature

UK Met Office:10 Years To Cut Emissions, Limit Temperature

Carbon emissions must begin to fall within 10 years if the world is to meet targets on limiting temperature rises, the BBC reports on its Web site Thursday, citing research from the U.K. Meteorological Office.

Greek Ship Released In Somalia Awaiting Military Escort

Greek Ship Released In Somalia Awaiting Military Escort

A Greek-owned vessel released by Somali pirates Thursday after a six-month seizure was awaiting assistance from an international navy force patrolling the area, its operating company said.

Kepco To Sign Pact For $1B Hydropower Project In Georgia

Kepco To Sign Pact For $1B Hydropower Project In Georgia

State-run utility Korea Electric Power Corp. (015760.SE), or Kepco, said Tuesday it will sign a binding agreement with the Georgian government later in the day to build, own and operate three dams on the Rioni river.