Energy News and Current Events

Key Nabucco gas pipeline deal to be signed July 13 (AFP)

Turkey's Prime Minister Tayyip Erdogan, seen here on June 2009, delivers a speech at the 20th Crans Montana Forum in Brussels. Erdogan will host the signing ceremony for the intergovernmental deal on Europe's flagship Nabucco gas pipeline project in Ankara on July 13.(AFP/file/Dominique Faget) AFP - EU nations and Turkey said Friday they will sign a key intergovernmental agreement in Ankara on July 13 on Europe's flagship Nabucco gas pipeline project, but key issues still need to be resolved.

Nabucco not at risk from Russia-Azerbaijan gas deal: Turkey (AFP)

Turkey's Prime Minister Tayyip Erdogan, seen here on June 2009, delivers a speech at the 20th Crans Montana Forum in Brussels. Erdogan will host the signing ceremony for the intergovernmental deal on Europe's flagship Nabucco gas pipeline project in Ankara on July 13.(AFP/file/Dominique Faget) AFP - Russian Gazprom's recent deal to buy natural gas from Azerbaijan will not endanger Europe's flagship pipeline project Nabucco, Turkey's Foreign Minister Ahmet Davutoglu said here Friday.

Oil falls below $66 after bleak U.S. jobs data (Reuters)

Steam and other emissions are seen coming from funnels at an oil refinery in Melbourne June 24, 2009. REUTERS/Mick Tsikas Reuters - Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone.

Nigeria, Algeria, Niger seal $10 bln gas pipeline deal (AFP)

A woman carries tapioca seeds next to a gas flare fire near Warri, 2007. Three African countries on Friday signed an accord to build a 10-billion-dollar trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.(AFP/File/Lionel Healing) AFP - Three African countries on Friday signed an accord to build a 10-billion-dollar trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe.

$10B deal would ship gas from Africa to Europe (AP) AP - Nigeria's state oil company says that Nigeria, Algeria and Niger have signed an agreement to create a $10 billion trans-Saharan gas pipeline to ship gas to Europe.

Oil hovers above $66 after weak jobs data (AP)

An oil platform in the North Sea. Oil prices sank under 67 dollars a barrel Thursday after weak jobs data quashed hopes of a speedy economic recovery in the United States, which is the world's top energy consumer.(AFP/SCANPIX/File) AP - Oil prices hovered above $66 a barrel Friday in light holiday trading a day after grim unemployment numbers from the U.S. and Europe sent prices tumbling.

Oil prices drop further as 'rogue' trader probed (AFP)

Oil prices fell further, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy.(AFP/File/Thomas Coex) AFP - Oil prices fell further on Friday, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy.

Fifth blast hits Canada gas pipeline: police (AFP)

AFP - A gas leak at a pipeline owned by EnCana in Canada's western British Columbia province was caused by a blast that police said Thursday is the fifth act of sabotage in the region since October 2008.

TSX slides on weak oil, U.S. jobs data (Reuters) Reuters - Toronto's main stock index finished lower on Thursday as oil prices slid and a gloomy U.S. jobs report dimmed hopes for a quick economic recovery.

Police probe new Canadian pipeline bombing (Reuters) Reuters - An explosion that damaged a natural gas pipeline in northeast British Columbia this week is likely linked to earlier attacks on energy facilities in the area, Canadian police said on Thursday.

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