Energy

Energy

• Czech, US cooperate in developing new reactors

  The United States says it has completed a transfer of 75 kilograms (165 pounds) of salt coolant material to the Czech Republic as part of cooperation ... 

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  Cyprus may presell gas reserves to ease crisis

  Cyprus may presell the country's offshore natural gas reserves to raise cash quickly and pull it out of its deep financial crisis, the country's ... 

• Trump goes to court to oppose Scotland wind farm

  American tycoon Donald Trump is taking legal action to challenge the Scottish government's decision to approve an offshore wind farm near his luxury ... 

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  A look at EU investigation of oil price fixing

  The European Union's executive arm, the Commission, on Tuesday said it had raided the offices of a number of oil industry companies for possible ... 

• EU probes oil companies for possible price-fixing

  European anti-trust authorities have launched investigations into at least three oil companies on suspicion of price-fixing. Britain's BP, Royal Dutch ... 

• Turkey: oil search deal reached in northern Iraq

  Turkey says its state-run petroleum company has reached a deal with U.S. company Exxon Mobil to explore for oil in northern Iraq.  Prime Minister ... 

• Increased output boosts profit at Spain's Repsol

  Spanish oil and gas company Repsol says its first quarter net profit rose 1.6 percent thanks to increased production and better refining margins. 

• Poland's shale gas hopes suffer blow

  News that Talisman Energy Inc. and Marathon Oil are pulling out of exploration for shale gas in Poland is a blow to the country's hopes that its ... 

• German utility E.ON's profits rise on asset sales

  German utility company E.ON SE says net income rose 25 percent in the first quarter thanks to the sale of several businesses. The company's profits ... 

• Oil down toward $95 as US jobs momentum fades

  The price of oil edged down on Monday as enthusiasm over last week's strong U.S. jobs report faded. The benchmark oil contract for June delivery was ... 

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  Japan vows 'high safety' for Turkish reactor

  Japan has learned from the Fukushima disaster and will offer technology with the highest safety standards while building Turkey's second nuclear ... 

• Japanese-French partners picked for nuclear plant

  Turkey's Energy Minister Taner Yildiz says a Japanese-French consortium has been chosen to build Turkey's second nuclear plant. His ministry said ... 

• Production cuts hit Statoil profits, revenue

  Norwegian oil company Statoil ASA saw first-quarter net income plunge 60 percent against the same period last year as production cuts, operational ... 

• Oil sinks to near $92 on China manufacturing data

  The price of oil dropped to near $92 a barrel on Wednesday after data showed a slowdown in China's manufacturing growth and a rise in U.S. 

• Shell wins key gas deal in Abu Dhabi

  Royal Dutch Shell PLC says it has won a 30-year deal to develop and produce natural gas from the Bab fields in Abu Dhabi. The Anglo-Dutch oil giant ... 

• Oil price falls slightly to near $94 a barrel

  The price of crude fell slightly to near $94 per barrel Tuesday after Japan released lukewarm manufacturing data and on expectations that U.S. 

• Oil rises to near $92 on central bank hopes

  The price oil rose again on Thursday, a day after its biggest increase in five months, as glum economic data from the U.S. and Germany boosted ... 

• Oil price near $90 on upbeat US company results

  Crude prices rose Wednesday to near $90 a barrel as a string of positive corporate earnings and an improved U.S. housing report pointed to higher oil ... 

• Oil slips below $89 as China manufacturing slows

  The price of oil slipped below $89 a barrel Tuesday after a slowdown in China's manufacturing reinforced concerns over the level of demand in the ... 

• Nuclear outages weigh on GDF Suez's Q1 revenues

  Franco-Belgian utility GDF Suez says its revenue fell slightly in the first quarter of the year due to nuclear plant outages in Belgium and a loss of ... 

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  EU lifts Syria oil embargo to bolster rebels

  The European Union on Monday lifted its oil embargo on Syria to provide more economic support to the forces fighting to oust President Bashar Assad's ... 

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  UN powers say NKorea, Iran 'serious' nuke threats

  Ahead of a round of global nuclear talks, five major powers labeled North Korea and Iran as "serious challenges" to the world's nuclear security ... 

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  Diplomats: EU set to ease Syria oil embargo

  The European Union is set to ease its oil embargo on Syria to bolster the forces fighting to oust President Bashar Assad's regime, two diplomats said ...