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Energy Blast – Aug 25, 2008

TNK-BP chief Robert Dudley has sent a letter to five federal agencies, lodging official complaints over what he is calling “an abuse of power by the State Labor Inspectorate.” In a retaliatory measure following the war with Georgia, the US is set to put a civil nuclear deal with Russia on hold. On Nabucco and Azerbaijani gas. Severstal will pay $1.3 billion to acquire North American coal miner PBS Coals. Iran has started designing a new 360-megawatt nuclear power plant. Tropical Storm Fay is approaching the Gulf of Mexico, with analysts fearing she may disrupt oil and natural gas production this week. Chevron is set to hand over its role as operator of the planned Hebron oil project off the coast of Canada to ExxonMobil. Iranian Oil Terminals Co. has received the first cargo of crude from Azerbaijan for transit. Norwegian oil and gas group StatoilHydro says the political environment in Russia has become more demanding.