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White House Warns Iran Against 'Provocative Actions' - AFP

WASHINGTON (AFP)--The White House on Monday sternly warned Iran against "provocative actions that could lead to a dangerous incident," after a stand-off between U.S. and Iranian ships in the Strait of Hormuz.

Romania Files Lawsuit Against EU Ruling On CO2 Cap - Report

Libya Inks $2B Refinery Upgrade Deal With UAE Consortium -AFP

TRIPOLI, Libya (AFP)--Libya's National Oil Corp., or NOC, Monday signed a $2 billion deal with a consortium from the United Arab Emirates to upgrade a major oil refinery.

Iran Boats Threatened US Warships In Hormuz Strait

WASHINGTON (AP)--In what is being called a serious provocation, Iranian Revolutionary Guard boats harassed and provoked three U.S. Navy ships in the strategic Strait of Hormuz, officials said Monday.

$100 OIL: Ethanol Equities Still Not A Sure Thing

Ethanol stocks have rallied impressively in recent weeks amid the latest surge in oil prices and the enactment of a new federal law mandating ever-greater use of the fuel.

E.ON Gastransport,Bayernets To Form Joint German Gas Mkt Oct 1

LONDON (Dow Jones)--E.ON Gastransport & Co. KG and bayernets GmbH are setting up a joint market area for high-calorific gas (H-gas) as from 1 October 2008.

Pakistan, Iran To Finalize Gas Pipe Agreement By Jan 25 -Min

Pakistan and Iran will finalize an agreement on the Iran-Pakistan-India gas pipeline by Jan. 25 and is also likely to sign a gas sale purchase agreement next week, Pakistan's caretaker Petroleum Minister Ahsan Ullah Khan said Monday.

Iran Halts Natural Gas Flow To Turkey On Tech Grounds - IHA

The Turkish Energy Ministry said Monday that Iran has halted the natural gas flow to Turkey for technical reasons, the Ihlas News Agency, or IHA, reported.

EU Anti-Pollution Plan To Hit UK Indus - FT

Plans to tighten European Union anti-pollution legislation could force the closure of swathes of industry in the U.K., business leaders have warned, the Financial Times reports on its Web site Monday.

Oxford Catalysts Signs Strategic Alliance With Novus

Oxford Catalysts Group, a leading catalyst innovator for clean fuels, said Monday that it has signed a Strategic Alliance Agreement with Novus Energy, a Minneapolis-based renewable fuels company, to develop technology for the production of second-generation fuel-grade alcohols from organic wastes.

Portugal Govt Won't Swap REN Shares With Spain's Enagas-Paper

LISBON (Dow Jones)--The Portuguese government isn't willing to sell a stake in Portuguese electricity grid operator Redes Energeticas Nacionais (REN.LB), or REN, to Spain's Enagas SA (ENG.MC), Diario Economico reports Monday citing a government unnamed source.

Expensive Oil To Sustain Gusher Of Energy IPOs

One segment of the stock market is grinning as crude oil flirts with $100 a barrel: initial public offerings of energy companies. Already last year, the sector was the third-most active area of new U.S. stock listings, with everything from traditional gas and oil producers to pipeline operators to alternative-energy investments. Bankers said they expect a similar wide swath of deals this year

Gazprom In Early-Stage Gas Talks With Nigeria

LONDON (Dow Jones)--Russia's Gazprom OAO (GAZP.RS) is in discussions with the Nigerian government about signing an energy deal that would see the giant state-run natural gas company help explore and develop the West African nation's giant gas resources, a senior Nigerian oil official and Gazprom officials said Saturday.