
MOSCOW, June 10 (UPI) -- The Russian state-owned gas giant Gazprom wants to double its investments in new projects in a move to overtake Royal Dutch Shell, a report said Monday.
On June 2, Shell chief Jeroen Van der Veer said his company plans to invest $27 billion in project investments. Gazprom Chief Executive Officer Alexei Miller, however, said at an energy conference in St. Petersburg his company wants to invest $30 billion to explore new fields and build gas pipelines in Europe, The Toronto Star reported.
Shell is the second-largest privately owned energy firm in the world -- ExxonMobil is the largest.
Tony Hayward, chief of the second-largest oil company in Europe, BP, said at the Asia Oil and Gas Conference in Kuala Lumpur Monday his firm plans to invest $22 billion in projects in 2008, the Star said.
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LONDON, May 25 (UPI) --
The British government unveiled a draft energy bill this week critics say will raise prices and favors new gas-fired power plants over renewable sources.
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CANBERRA, Australia, May 25 (UPI) --
Lovitt Technologies in Melbourne, Australia, has won a contract with Boeing worth nearly $1 million for wing parts for all F/A-18 Super Hornet fighters worldwide.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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