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Oil Industry Releasing 25 Days Of Reserves After Quake -Nikkei

Oil Industry Releasing 25 Days Of Reserves After Quake -Nikkei

The Japanese government said Monday that more of the private-sector's petroleum reserves would be used to ease supply shortages stemming from the March 11 earthquake, releasing 25 days' worth of fuel into the market, the Nikkei reported in its Tuesday morning edition.

Vestas Wind Systems To Contest US Class Action Lawsuit

Vestas Wind Systems To Contest US Class Action Lawsuit

Denmark's Vestas Wind Systems A/S (VWS.KO) said Monday it will contest a class action lawsuit brought by a U.S. pension fund alleging the company gave misleading information about its earnings in 2010, causing investors to lose money.

Calls to shut down Europes Fukushima

Calls to shut down Europes Fukushima

A 40-year old Spanish nuclear power plant built to the same design model as Fukushima's disaster-struck reactor number one has become engulfed by calls for it to be shut down, while Brussels is questioning the safety of EU installations and has pushed for stress tests of nuclear power plants.

Electricity Cables Reconnected at Japans Fukushima

Electricity Cables Reconnected at Japan's Fukushima

Japanese engineers have connected four of the reactors at the crippled Fukushima nuclear power plant to electricity cables, but will restore the electricity supply only after a detailed inspection of equipment, the Kyodo news agency reported on Monday.

The Prospects of the European Geothermal Sector Were Outlined by the GEOFAR Conference in Athens

The Prospects of the European Geothermal Sector Were Outlined by the GEOFAR Conference in Athens

The GEOFAR consortium with the support of Intelligent Energy Europe (IEE) organized a two day conference in Athens, Greece on March 17-18, 2011 in order to discuss the latest developments in the geothermal energy sector and to present some innovative ideas that the GEOFAR project has put forward for the development of geothermal energy and its various applications in Europe.

Qatar To Contribute to Libya No-Fly Zone

Qatar To Contribute to Libya No-Fly Zone

Qatar, the wealthy Gulf nation that is home to the Al Jazeera Arab news network which has been seen as an early champion of international intervention to stop bloodshed in Libya, has become the first Arab nation to officially announce its participation in the United Nations-backed no-fly zone.

Wintershall Set To Join South Stream Project - Source

Wintershall Set To Join South Stream Project - Source

German oil and gas company Wintershall AG is set to join Russia's South Stream natural gas pipeline, a person familiar with the matter said Friday - a move that the partners hope will increase the pipeline's chances of gaining European Union backing.

Rio Tinto: More Coking Coal Needed To Meet Demand

Rio Tinto: More Coking Coal Needed To Meet Demand

Anglo-Australian miner Rio Tinto PLC (RIO) said Friday more investment needs to be made in new coking coal projects to satisfy robust demand for the steelmaking raw ingredient.

Libya Rebels Say Gadhafi Ceasefire Is A Bluff

Libya Rebels Say Gadhafi Ceasefire Is A Bluff

The commander of rebels fighting to overthrow Moammar Gadhafi said Friday that the Libyan strongman is "bluffing," reacting to news that the government had announcement an immediate ceasefire.

UN Atomic Watchdog Convenes Special Meeting On Japan

UN Atomic Watchdog Convenes Special Meeting On Japan

The United Nations atomic watchdog said Friday it would hold a special meeting of its 35-member board of governors Monday, where its chief Yukiya Amano would brief member states on his trip to quake-hit Japan.

NATO Speeds Up Libya Military Planning - Official

NATO Speeds Up Libya Military Planning - Official

The North Atlantic Treaty Organization allies Friday agreed to speed up planning for possible military action in Libya, but the alliance has yet to decide whether to intervene in the conflict, a NATO official said.

Libya To Stop Fighting Sunday To Let Rebels Surrender

Libya To Stop Fighting Sunday To Let Rebels Surrender

The Libyan army announced it would halt military operations starting Sunday to give rebels the chance to surrender and benefit from an amnesty, state news agency Jana reported.

Crude Could Hit $140 By December -Citibank

Crude Could Hit $140 By December -Citibank

Crude oil prices are geared to the upside and could hit $140/bbl before December, says Citibank. Increased tensions in the Middle East and North Africa, combined with a likely increase in demand in the wake of the Japan quake and tsunami, suggests the risk points to higher prices, says the bank.