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OMV Buys 30% Stake In Norwegian Exploration License

OMV Buys 30% Stake In Norwegian Exploration License

Austrian oil and gas company OMV AG (OMV.VI) Monday said it has acquired a 30% interest in a Norwegian offshore exploration license, bringing its total exploration projects in the Scandinavian country to six.

Kurdish PM In Baghdad To Discuss Oil Law, Deals

Kurdish PM In Baghdad To Discuss Oil Law, Deals

Kurdistan's Prime Minister Nechirvan Barzani arrived in Baghdad to discuss the long-awaited new federal oil law and oil deals signed between the Kurdistan Regional Government and international companies, said a statement by the KRG on its Web site Sunday

Toshiba, Kazatomprom In Pact On Nuclear Materials

Toshiba, Kazatomprom In Pact On Nuclear Materials

Toshiba Corp. (6502.TO) said Friday it has agreed with Kazakhstan's state-owned Kazatomprom to discuss broadening their cooperation in the nuclear power business to include nuclear fusion-related areas.

Unipetrol Positions For Shell Stake In Czech Refinery

Unipetrol Positions For Shell Stake In Czech Refinery

Czech petrochemical company Unipetrol AS (BAAUNIPE.PR) is positioning itself to acquire a 16.33% stake in leading Czech refinery Ceska Rafinerska AS that Royal Dutch Shell PLC (RDSB) is considering selling, newspaper Hospodarske Noviny reports Friday.

Gazprom Neft Asks Chevron To Jointly Develop Field

Gazprom Neft Asks Chevron To Jointly Develop Field

OAO Gazprom Neft (SIBN.RS), the listed oil-producing subsidiary of OAO Gazprom (GAZP.RS), has proposed to U.S. oil major Chevron (CVX) to jointly develop a field in West Siberia, the Interfax news agency reported Friday, citing the company's Chief Executive Alexander Dyukov.

Vestas Wind Gets Order For 61 Wind Turbines In Spain

Vestas Wind Gets Order For 61 Wind Turbines In Spain

Vestas Wind Friday said it received an order for a total of 61 wind turbines (112 MW) for four projects in Spain. The order comprises 49 units of the V90-1.8 MW wind turbine and 12 units of the V90-2.0 MW turbine. The order includes supply, installation, a VestasOnline Business SCADA system, as well as a five-year service and availability contract.

Rosneft To Mortgage 3.7% Of Its Shrs For $2.3B Loan

Rosneft To Mortgage 3.7% Of Its Shrs For $2.3B Loan

Russia's state-controlled oil company OAO Rosneft (ROSN.RS) plans to mortgage 3.7% of its own shares for a loan of $2.3 billion from western banks, the Vedomosti daily reported Friday citing two unnamed sources close to the company.

Kogas, UNG To Jointly Explore Uzbek Gas Field By Apr 2012

Kogas, UNG To Jointly Explore Uzbek Gas Field By Apr 2012

State-run utility Korea Gas Corp. (036460.SE), or Kogas, and UzbekNefteGaz, or UNG, have agreed to jointly explore the Uzunkui gas field in Uzbekistan's Karakalpakstan province by the end of April 2012, Kogas said Thursday.

Italian Govt Aims To Set Nuclear Power Rules By End 2008

Italian Govt Aims To Set Nuclear Power Rules By End 2008

Italy's government late Wednesday approved measures that aim to have rules ready by the end of the year in order to reintroduce nuclear power, as it seeks to slash rising energy costs.