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Bulgaria PM Names New Head of Kozloduy Nuclear Plant

Bulgaria PM Names New Head of Kozloduy Nuclear Plant

Dimitar Angelov, the chief engineer in charge of Reactors 5 and 6 of Bulgaria's Kozloduy NPP will be the plant's new director. This was announced Monday by the Bulgarian Prime Minister, Boyko Borisov, hours after the current director, Ivan Genov, resigned saying he was insulted by a comment of the Economy Minister Traikov that the NPP managed had made unfavorable deals with private clients

StatoilHydro Preparing Large Oil Services Contract-Exec

StatoilHydro Preparing Large Oil Services Contract-Exec

Norway's largest oil company StatoilHydro ASA (STO) is preparing a big maintenance and modification contract for its Norwegian fields and plants, which it plans to put into the market this autumn, an executive said. StatoilHydro's Chief Procurement Office Anders Opedal told Dow Jones Newswires in a recent interview the company is putting together a package to support operations at most of its offshore oil and gas installations in the coming five to seven years

Futures Rise With Oil, Bargain Buying

Futures Rise With Oil, Bargain Buying

Natural gas futures are slightly higher, getting support from rising crude oil prices and bargain buying after reaching a fresh seven-year low. "I think we're near the area where the market is starting to stabilize a little bit," says Gene McGillian, an analyst with Tradition Energy

Harvest Energy: No Hurricane Impact At Newfoundland Refinery

Harvest Energy: No Hurricane Impact At Newfoundland Refinery

Harvest Energy Trust's (HTE) 115,000-barrel-a-day Newfoundland, Canada refinery was unaffected by the passing of Hurricane Bill, a spokeswoman from the refinery said Monday. High winds resulting from Bill were experienced at the Come By Chance oil refinery but operations were not impacted, she said.

Russias Lukoil Secures $1.2 Bln, 3-Year Pre-Export Loan

Russia's Lukoil Secures $1.2 Bln, 3-Year Pre-Export Loan

Russia's second largest oil producer OAO Lukoil(LKOH.RS) said Monday it has secured a $1.2 billion syndicated pre-export loan with a consortium of international banks. As Dow Jones Newswires reported in July, the loan will mature in three years and is priced at 400 basis points over Libor

Russian Shares Offer Valuation Opportunity-Goldman

Russian Shares Offer Valuation Opportunity-Goldman

Russian stocks have underperformed other emerging markets this summer, leaving them cheaper but offering superior earnings growth, Goldman Sachs says. "We recommend investors take advantage of what we believe is a mispricing opportunity," it says

Russia Accuses Ukraine Of Taking Part In South Ossetia War

Russia Accuses Ukraine Of Taking Part In South Ossetia War

Troops from Ukraine were involved in Georgia's bid in August last year to regain control of its breakaway South Ossetia region that led to a war with Russia, Russian prosecutors said Monday. "Members of the regular Ukrainian armed forces took part in the armed aggression by Georgian forces against South Ossetia," the investigative committee of Russian prosecutors said in a statement

Merkel Says 6 Powers Mulling Energy Sanctions On Iran

Merkel Says 6 Powers Mulling Energy Sanctions On Iran

The five permanent members of the U.N. Security Council and Germany are discussing energy sanctions against Iran, German Chancellor Angela Merkel says in an interview with German daily Frankfurter Allgemeine Zeitung published Friday.

US Commerce Dept OKs Constellation-Russia Uranium Deal

US Commerce Dept OKs Constellation-Russia Uranium Deal

The U.S. Department of Commerce has approved a new long-term contract for imports by a U.S. company of Russian low-enriched uranium, RIA Novosti reports Friday citing Russia's state nuclear company Atomenergoprom.

China Xinjiang Regions 09 Coal Output Likely 80M Tons

China Xinjiang Region's '09 Coal Output Likely 80M Tons

Coal output from northwest China's Xinjiang Autonomous Region is expected to rise to more than 80 million metric tons this year compared with 67.7 million tons last year, the state-run Xinhua News Agency said Friday.

China Nuclear Envoy Wraps Up North Korea Trip

China Nuclear Envoy Wraps Up North Korea Trip

China's chief nuclear negotiator wrapped up a five-day visit to North Korea on Friday, state media announced - a mission reportedly focused on bringing Pyongyang back to disarmament talks.

Brazil Petrobras Reports Espirito Santo Basin Oil Find

Brazil Petrobras Reports Espirito Santo Basin Oil Find

Brazilian state-run energy giant Petrobras (PBR) notified the country's National Petroleum Agency late Thursday that it found traces of oil in a wildcat well in the Espirito Santo Basin.

US Gas Slips Amid Robust Supplies, Mild Weather

US Gas Slips Amid Robust Supplies, Mild Weather

Natural gas futures fall amid robust supplies and a mild weather outlook. High levels of natural gas storage, which are on pace to reach record levels by fall, are weighing on prices.

Putin Wants Major Infrastructure Checked After Tragedy

Putin Wants Major Infrastructure Checked After Tragedy

Prime Minister Vladimir Putin Thursday called for checks on all Russia's major infrastructure after an accident at the country's largest hydroelectric plant that left 17 dead and 58 missing.

N Korea Seeking Direct Talks With US

N Korea Seeking Direct Talks With US

Former U.N. envoy Bill Richardson holds more rare meetings on Thursday with a delegation from North Korea, which he said is pushing for one-on-one talks with the United States.