Energy Sector

Suzlon Energy acquires 30% stake in REpower System for €270 million

Aban Offshore JV secures order worth $271 million

Australia questions uranium sales to Russia

Sydney - Russian Prime Minister Vladimir PutinEvents in Georgia show Russian Prime Minister Vladimir Putin can't be trusted to abide by an undertaking not to use Australia uranium to make nuclear weapons, a Canberra parliamentary committee said Monday.

"I don't know if you've looked on the TV into Vladimir Putin's eyes," Treaties Committee chairman Kelvin Thomson said. "He's one tough son-of-a-gun and I don't think he cares about what we think. Recently he's taken South Ossetia and another province off Georgia, and there's no real come-back over that."

Georgia crisis threatens EU bid for more energy sources

Vienna - Europe's declared goal to shift away from Russian oil and gas was always a challenge. It's even more difficult after Moscow's assault on Georgia, analysts say.

Georgia's strategic role as a pipeline transit country, run by a US-backed leadership that Moscow detests, formed the backdrop to the conflict that erupted in early August.

After Russian troops handed Georgian President Mikheil Saakashvili a humiliating battlefield defeat, the region's fragility and Moscow's clout are more obvious than ever. Monday's emergency EU summit on Georgia will not change that in the short term.

Little movement in OPEC crude price towards end of the week

Little movement in OPEC crude price towards end of the week

OPEC crude price rises more than one dollar

OPEC crude price rises more than one dollar Vienna (dpa) - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose by 1.28 dollars on Wednesday, amid expectations that the oil cartel would not raise its output at a September 9 meeting.

One barrel (159 litres) of OPEC-produced crude stood at 111.79 dollars Wednesday, compared with 110.51 dollars on the previous day, OPEC said Thursday.

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