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EDFs Sweetened Offer For Edison OKd By Italian Regulator

EDF's Sweetened Offer For Edison OK'd By Italian Regulator

Electricite de France SA (EDF.FR) Friday confirmed that it improved its offer for Edison SpA (EDN.MI), securing approval of the Italian market regulator Consob and sealing an agreement that should end a more than two year battle for control of the Italian utility.

BP Deepwater Horizon Spill Trial Moved To 2013

BP Deepwater Horizon Spill Trial Moved To 2013

A trial to apportion blame and damages for the 2010 Deepwater Horizon disaster will now start in 2013 after the New Orleans judge hearing the case scheduled a new start date.

IAEA Hopes To Reach Concrete Result With Iran On Nuclear

IAEA Hopes To Reach Concrete Result With Iran On Nuclear

The head of the International Atomic Energy Agency said Friday he is hopeful of reaching a concrete result with Iran on concerns about the Islamic Republic's nuclear program during their next talks.

Norway Oil Fund Concerned About Unfolding EU Debt Crisis

Norway Oil Fund Concerned About Unfolding EU Debt Crisis

The unfolding European sovereign debt crisis is a concern to the Norwegian oil fund but it hasn't prompted a change in its investment strategy with regard to European Union government debt, the fund's deputy chief executive said Thursday.

Gamesa Building Plants In India To Make Wind-Turbine Parts

Gamesa Building Plants In India To Make Wind-Turbine Parts

Gamesa Corporacion Tecnologica SA (GCTAY), the Spanish wind-farm manager and turbine maker, is building new factories in India to tap growing demand for electricity in the South Asian nation where conventional fuels like coal and gas are in short supply.

Total Sees Global Conventional Oil Resources At 1,640 Bln BOE

Total Sees Global Conventional Oil Resources At 1,640 Bln BOE

Global conventional oil resources represent around 1,640 billion barrels of oil equivalent, according to an estimate by French oil major Total SA (TOT), its director for exploration and production Yves-Louis Darricarrere said Thursday.

US Likely To Limit LNG Exports To Keep Low Gas Price

US Likely To Limit LNG Exports To Keep Low Gas Price

The U.S. government is likely to impose limits on exports of liquefied natural gas in order to keep its domestic natural gas prices low, said executives from two major oil companies with operations in the country Thursday.

ELPE Issues Tender for Diesel Sale

ELPE Issues Tender for Diesel Sale

Hellenic Petroleum SA, Greece’s largest refiner, issued a tender to sell one cargo of diesel in May, according to two people who received the document.

Sidetrack Boosts Vegas Field

Sidetrack Boosts Vegas Field

A sidetrack on Greek company Vegas Oil and Gas’s Al Amir SE (AASE) field is now producing while drilling on another well on the same Egyptian field is now underway, an associated company has announced.

Gazprom, Halliburton Sign Strategic Tech Deal

Gazprom, Halliburton Sign Strategic Tech Deal

Russian energy giant Gazprom and U.S.-based energy services major Halliburton have signed a strategic cooperation deal to develop and implement new oil and gas technologies in global exploration and production projects, Halliburton said on its website on Thursday.

Russian Government Approves Gas Tax Rise

Russian Government Approves Gas Tax Rise

The Russian government is planning to double by 2015 the extraction tax the state-controlled natural gas company OAO Gazprom (GAZP.RS) is paying, a deputy finance minister said Wednesday.

Vestass Shares Plunge After Disappointing Results

Vestas's Shares Plunge After Disappointing Results

Shares in Danish Vestas Wind Systems A/S (VWS.KO), the world's largest wind turbine maker, plummeted Wednesday after it released a set of vastly consensus-missing--and by its own admission disappointing--first-quarter results that it attributed to delayed order hand-overs and high costs of new turbine models.