Energy Blast – Sept 22, 2011

Russia has controversially decided to extend to 45 years the life of the same generation of nuclear reactors as that which exploded at Chernobyl in 1986, leaving a decades-long legacy of radioactive toxicity.  Apparently Iran has reached agreements with Russia and Turkey on sharing technology and investment in power plants inside the Persian Gulf country.  According to the Moscow Times, minority shareholders in TNK-BP have nearly doubled their claim for damages from BP to $4.9bn over the British major’s thwarted attempt to form a partnership with Rosneft.  The BP Plc-led investors in the Shah Deniz gas project will by the end of the year have chosen between three pipeline projects designed to deliver gas to Europe bypassing Russia.  One of the UK’s biggest oil fields has been sold by ExxonMobil, as oil majors back away from rapidly-depleting North Sea assets.