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EU On Track For Deal On Climate Change By Year-End

EU "On Track" For Deal On Climate Change By Year-End

The European Union is "on track" to get an agreement by year-end on a set of measures to turn Europe into a greener economy by 2020, E.U. Commission President Jose Manuel Barroso said Friday.

CEZ Sales Head: EU Should Reassess CO2 Reduction Plan

CEZ Sales Head: EU Should Reassess CO2 Reduction Plan

The European Union should reassess its emissions reduction plan for the sale of carbon emissions credits in 2013, due to the deepening financial crisis and utilities' limited access to capital, the head of sales at Czech power company CEZ AS (BAACEZ.PR) said Friday.

Spain CNMV To Lift Suspensions Of Repsol

Spain CNMV To Lift Suspensions Of Repsol

Spain's market regulator, the CNMV, said Friday it will lift its suspension on trade in shares of Repsol YPF SA (REP) and Criteria CaixaCorp SA (CRI.MC) at 0945 GMT.

Lukoil Aims To Buy Stake In One Of Key Czech Refiners

Lukoil Aims To Buy Stake In One Of Key Czech Refiners

Russian oil major Lukoil Holdings (LKOH.RS) is interested in buying a stake in one of the three large Czech crude oil refiners, Hospodarske Noviny daily newspaper reports Friday, citing Lukoil's president.

E.ON Snaps Up English Farmland For Nuclear Pwr Plant

E.ON Snaps Up English Farmland For Nuclear Pwr Plant

Germany's E.ON AG (EOAN.XE) has been buying up farmland in south Gloucestershire as it firms up plans to build a GBP4 billion nuclear power station beside the River Severn, U.K. newspaper The Times reports Friday.

KazMunaiGas EP 3Q Net Pft +56.5% On Higher Crude

KazMunaiGas EP 3Q Net Pft +56.5% On Higher Crude

London-listed Kazakh oil and gas producer KazMunaiGas Exploration Production (RDGZ.KZ) said Thursday its third-quarter net income rose 56.5% from a year earlier, mainly due to higher crude oil prices.

ExxonMobil Enters Black Sea with Exploration Agreement in Turkey

ExxonMobil Enters Black Sea with Exploration Agreement in Turkey

Exxon Mobil Corporation (NYSE:XOM) announced today its affiliate, ExxonMobil Exploration and Production Turkey B.V., has signed an agreement with Turkish national oil company, Turkiye Petrolleri Anonim Ortakl1 1 (TPAO), to explore in two large deepwater blocks offshore Turkey, marking ExxonMobil's entry into Black Sea exploration.

TPAO, Botas, Shell Sign Prelim Iraq Gas Exploration Deal

TPAO, Botas, Shell Sign Prelim Iraq Gas Exploration Deal

Turkey's state oil company TPAO, state-owned pipeline and gas company BOTAS and Royal Dutch Shell PLC (RDSA) Thursday signed a preliminary agreement for exploration, transportation and marketing of Iraqi natural gas, the Ihlas News Agency, or IHA, reported.

Turkey Could Get $2.8B From World Bank In 09

Turkey Could Get $2.8B From World Bank In '09

Turkey plans to secure $2.8 billion credit form the World Bank in 2009, Turkish Economy Minister Mehmet Simsek said in the text of speech released Thursday on the Web site of the Turkish Treasury, the Ihlas News Agency, or IHA, reported.

Germanys Wingas Confirms Shelving EUR600M Pipeline Project

Germany's Wingas Confirms Shelving EUR600M Pipeline Project

German natural gas pipeline operator Wingas Transport GmbH & Co. KG Wednesday confirmed it has shelved plans to build a EUR600-million natural gas pipeline in southern Germany, citing "increasing regulatory intervention."

Eni Signs Exploration Deals With Ecopetrol

Eni Signs Exploration Deals With Ecopetrol

Eni SpA (E), Italy's biggest energy company by market value, said Thursday it has signed two partnership deals with Colombian state-controlled Ecopetrol (ECOPETROL.BO) on exploration activity, as it aims to boost its assets in South America.

Lukoil Is In Talks To Buy Large Repsol Stake

Lukoil Is In Talks To Buy Large Repsol Stake

Russia's second biggest oil producer OAO Lukoil (LKOH.RS) is in talks with key shareholders of Repsol YPF SA (REP) to buy a large stake in the Spanish oil company, people familiar with the situation said Thursday.

Vestas receives order for 58 MW in Greece

Vestas receives order for 58 MW in Greece

Vestas has received an order for two projects totalling 29 units of the V90-2.0 MW wind turbine. The projects have a total installed capacity of 58 MW, and the turbines for the projects will be delivered during 2009. At the customer’s request, details about the project ownership, exact location, etc. cannot be disclosed. With a total estimated annual production of 213 GWh, the wind power plants will save the environment from more than 165 tons of CO2 emissions.

NPP Belene Meets Highest Requirements for Third Generation NPPs

NPP Belene Meets Highest Requirements for Third Generation NPPs

NPP Belene meets the highest requirements for third generation NPPs, Harmut Pam, vice president of ‘Nuclear Power Plants' department at RWE Power, said. The Bulgarian government has chosen RWE Power as the main investor in the construction of the second NPP in Bulgaria.