Greece promises tax cut to attract oil and gas majors

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  •  (REUTERS) Greece plans to cut tax for oil/gas firms to 25 pct from 40 pct
  • Wants them to help exploit offshore hydrocarbon resources
  • Announces tender of first oil exploration licences [Read more...]

EU sets energy security as priority for next five years of policy-making

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(Reuters) – Europe’s best chance of standing up to the supply insecurity caused by the Russia-Ukraine conflict is a close-knit energy union to thwart Moscow’s divide and rule strategy, a draft document laying out the next five years of EU energy policy says. [Read more...]

Future Challenges for Electricity Security – see the presentations from IEA conference

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International Energy Agency

Electricity Security Action Plan Workshop:  “Future Challenges for Electricity Security [Read more...]

Power bills squeeze Italian business

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(MSN MONEY) * Italy SMEs pay 40 pct more for power vs Europe

* Green subsidies add 12 bln euros/yr to bills [Read more...]

Russian oil output hits post-Soviet high

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(UPSTREAM) A production ramp-up at Gazprom Neft and Surgutneftegas brought Russia’s oil output to a new post-Soviet high of 10.59 million barrels per day in October. [Read more...]

Fuel-Cell Revolution: Can Toyota Save the Electric Car?

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(SPIEGEL ONLINE) Toyota has developed a new long-range electric vehicle powered entirely by a cutting-edge fuel cell. [Read more...]

Key World Energy Statistics 2013 – IEA Report

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(INTERNAIONAL ENERGY AGENCY) Free, handy reference tool – the most downloaded IEA publication – offers snapshots of how energy is produced, transformed and consumed [Read more...]

Executive Interview: Malcolm Webb, Chief Executive, Oil & Gas UK

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(OIL COUNCIL) Malcolm, there seems to be a new wave of prosperity for North Sea oil and gas as well as a significant increase in investment in 2013. For those not overly familiar with the region, what have been the causes of this noteworthy change? [Read more...]

Big Oil faces pressure from shareholders over costs

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(REUTERS) Oil industry shareholders concerned about poor returns and costly projects urged executives from Big Oil this week to return cash to shareholders – and at least one of the world’s top five petroleum companies fully acquiesced. [Read more...]

Mini-Nuclear Reactors & The New Power Game

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(ENERGY TRIBUNE) So the deed is finally done. After two years of wrangling over the size of the subsidies and a guaranteed production price the UK Government has sealed a £16 billion ($26bn) deal that will see two European Pressurized Reactors (EPRs) constructed at Hinckley Point C in Somerset. [Read more...]