Siemens Says Cannot Confirm Saudi Gas Turbine Deal
German engineering group Siemens on Sunday said it could not confirm or deny it had sealed a 500 million-euro ($550 million) gas turbine deal with Saudi Arabia after German newspaper Handelsblatt's global edition said the German company had beaten rival GE in securing it.
Bill Gates plots a surprise attack on the energy sector
Bill Gates grows most animated when the talk turns to the "cool" new energy technologies that have yet to leave the lab. Gates was a rare civilian sharing the limelight alongside presidents and prime ministers at the opening session of Paris climate talks on Monday.
Buffett's Berkshire Takes $4.48 bln Stake in Phillips 66
Warren Buffett's Berkshire Hathaway Inc disclosed a $4.48 billion stake in oil refiner Phillips 66, rebuilding a bet it had made in the energy industry before oil prices fell. The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Friday night filing with the U.S.
CNPC's Niger Refinery Shut Due to Mechanical Dailure
China National Petroleum Corporation's (CNPC) Soraz oil refinery in Niger has shut down due to a mechanical failure, a company spokesman and an energy ministry official said on Thursday. "The refinery has broken down. That's all I can say," Soraz spokesman Magagi Dada told private television station RTT.
Designer Westwood Carries Mutilated 'Baby' in Anti-fracking Campaign
British fashion designer Vivienne Westwood took to the streets of London on Monday cradling a "fracked baby of the future" in her latest show of opposition to hydraulic fracturing. The 74-year-old, known for her environmental campaigning as well as her bold designs…
Fuel Storage Tank Fire spreads at Santos Port in Brazil
A fire at a fuel storage facility run by Ultracargo near Santos, Brazil's largest port, spread further on Saturday as it entered its third day despite firefighters' efforts to contain the flames. The fire spread to a nearby tank filled with gasoline…
Attackers Beheaded or Shot 12 at Libyan Oilfield
Eight Libyans, two Filipino and two Ghanaian nationals were killed during an attack on Libya's Mabrook oilfield, the oilfield commander said on Wednesday. "Most were beheaded, some were killed by gunshots," said Abdelhakim Maazab, commander of a force in charge of protecting the field.
New Fighting for Libyan Oil Ports
New clashes erupted on Tuesday between rival factions fighting for control of Libya's biggest oil ports Es Sider and Ras Lanuf, killing at least 10 people, the two sides said. The fighting came a day after the United Nations said it was seeking…
China-Myanmar Oil Pipeline Begins Trial Pperation
China and Myanmar put into trial operation the Myanmar section of a shared crude oil pipeline on Wednesday, Chinese state media reported. The 771-km section of the 2,400-km (1,500-mile) pipeline was completed in May 2014, the state media said. A…
China-US Climate Pact "Heartening" But Short of What's Needed
A deal between China and the United States to combat global warming is "heartening" although it falls short of the action needed to avert the worst impacts, the head of the U.N. panel of climate scientists said on Wednesday. China said 2030 would be peak year for its soaring greenhouse gas emissions…
UN Talks of Tough Global Climate Targets
A draft U.N. guide for slowing climate change says world greenhouse gas emissions may have to fall to a net zero this century but is vague about what each nation should do now. About 500 delegates, including scientists and government experts, are meeting in Copenhagen to edit the report…
Islamic State Claims to Have Seized Gas Field from Syrian Army
Islamic State fighters in Syria claimed on Thursday to have taken control of a gas field in the central province of Homs after battles with government forces. A series of photos posted on social media by Islamic State purported to show the Sha'ar gas field…
Tribesmen Blow Up Yemeni Oil Export Pipeline, Halting Flows
Tribesmen blew up Yemen's main oil export pipeline on Friday, halting crude flows, local officials said, less than a week after it was repaired. Yemen's oil and gas pipelines have been repeatedly sabotaged, often by tribesmen who have feuds with the central government…
EU Looking at How to Stop Islamic State Oil Sales from Syria
The European Union is looking into how it could tighten sanctions to stop Islamic State militants from selling oil from fields they have overrun in Syria, a European diplomat said on Wednesday. The issue could come up at an emergency meeting of…
Nigerian Oil Firm Shuts Clinic after Suspected Ebola Case Admitted
Nigeria's state oil company NNPC said on Friday it had shut down its own clinic in Lagos' commercial district of Victoria Island, after a suspected Ebola case was admitted there. The patient who arrived there sick had previously visited the First Consultant Medical Centre…
Egypt to Raise Energy Prices "Within Days"
Egypt's Planning Minister Ashraf al-Arabi said on Wednesday the government was about to raise prices on most petroleum products, a move he said would push inflation into double digits. "We will raise energy prices within days," he told Aswat Masriya…
UN Green Fund to Seek Cash in November
A U.N. fund to help developing nations fight global warming is on track to start raising cash in November, with poor nations seeking $15 billion, officials said on Wednesday. "Now it's time to mobilise money," Hela Cheikhrouhou, executive director of the Green Climate Fund…
Croatia Wants Law to Block Energy Firms' Sale to Non-EU Buyers
Croatia plans to pass a law enabling the government to block the sale of a stake in its energy companies to buyers outside the European Union, Prime Minister Zoran Milanovic said on Friday. The law, which the Social Democrat-led cabinet has yet to draft…
Lithuania to Cut Gas-Fired Generation Due to Import Links
Lithuania plans to further scale back costly gas-fired power generation and expects that planned links with Sweden and Poland will compensate, power producer Lietuvos Energijos Gamyba said on Wednesday. The Baltic state of 3 million meets more than 60 percent of its electricity needs by imports…
Egypt Fuel Subsidies To Exceed £ 70 Bln
Egypt said it would spend 70 billion pounds ($9.8 billion) more than budgeted on energy subsidies in the fiscal year ending June 30, in an indication of the crippling impact of the system on state finances. Interim Prime Minster Ibrahim Mahlab was…
