EU Approves French State Aid for Areva
The European Union approved a restructuring plan for French nuclear group Areva SA on Tuesday, saying a planned €4.5 billion ($4.76 billion) capital injection was in line with the bloc’s Continue Reading
Oil recovers some previous losses, but doubts over supply cuts linger
Oil markets edged higher on Tuesday on expectations that at least some planned production cuts would be implemented, making a slight recovery from big losses the previous day over doubts Continue Reading
Oil Prices Running Out Of Reasons To Rally
Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in U.S. shale production. For the better part of Continue Reading
Iraq December oil exports from Basra at record 3.51 million bpd: ministry
Oil exports from Iraq’s southern Basra ports reached a record high of 3.51 million barrels per day (bpd) in December, the oil ministry said on Monday. Iraq’s Oil Minister Jabar Continue Reading
Iraq Cuts Oil Production by 160,000 Barrels a Day in OPEC Deal
Iraq has reduced its oil production by 160,000 barrels a day as it starts to make the cuts it agreed to in a deal with other OPEC members last year. Continue Reading
Kuwait Says OPEC, Russia to Fulfill Pledged Oil-Output Cuts
OPEC and its partners will fulfill their implementation of a deal to cut output, having already announced 60 to 70 percent of the promised curbs, Kuwait said. Countries including Saudi Continue Reading
More oil flowing from Kurdish north of Iraq
Results from a well in the Kurdish north of Iraq that was sidelined by lower crude oil prices are promising so far, Norwegian energy company DNO said. DNO said testing Continue Reading
Oil Majors Prepare For Mega Tender In Lebanese Levant Basin
After a four-year wait, the Lebanese cabinet has approved two oil and gas decrees on energy tax provisions and blocking last week – allowing offshore drilling ventures in 96 trillion Continue Reading
Total Pays $900 Million for Control of Ugandan Oil Project
An oil exploration tower in Lake Albert, Uganda. Total SA agreed to buy a stake in a project in Uganda from Tullow Oil Plc for $900 million as a recovery Continue Reading
Nuclear Plants Fall Victim to Economic Pressures
Utilities are closing U.S. nuclear-power plants at a rapid clip as they face competition from cheaper sources of electricity and political pressure from critics. New York’s Indian Point plant about Continue Reading