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Renault Trucks, EDF Sign Partnership On Electric Vehicles

Renault Trucks, EDF Sign Partnership On Electric Vehicles

French state-controlled electricity group Electricite de France SA (EDF.FR) and Swedish group Volvo AB's (VOLV-B.SK) unit Renault Trucks Monday announced they signed a partnership to develop the use of electric lorries and commercial vehicles for the transportation of goods in urban areas.

IEA: Oil Price To Drift In Recent Range For Rest Of Year

IEA: Oil Price To Drift In Recent Range For Rest Of Year

Oil price risks are skewed toward the downside, but prices will most likely drift in their recent range for the rest of the year, International Energy Agency Deputy Executive Director Richard Jones said Monday.

Bill Gates, Toshiba Team Up To Devise Next-Gen Nuclear Reactor -Nikkei

Bill Gates, Toshiba Team Up To Devise Next-Gen Nuclear Reactor -Nikkei

Microsoft Corp. (MSFT) Chairman Bill Gates and Toshiba Corp. (6502.TO, TOSYY) will jointly lead an effort to develop a next-generation nuclear reactor that can operate for up to 100 years without refueling, The Nikkei reported in its Tuesday morning edition.

First Nord Stream Pipelay Vessel Heads for Baltic

First Nord Stream Pipelay Vessel Heads for Baltic

The first pipelay vessel started its journey to the Baltic Sea to begin construction on the Nord Stream pipeline, which will pump Russian natural gas to Europe, the project operator said on Monday.

Shell, Petrochina in Agreed $3.1 billion Arrow Takeover

Shell, Petrochina in Agreed $3.1 billion Arrow Takeover

Royal Dutch Shell (RDSa.L) and PetroChina (0857.HK) convinced Arrow Energy (AOE.AX) to accept an increased $3.1 billion bid, giving resource-hungry China its first bite of Australia's burgeoning coal-seam gas industry.

E.ON Hungarian Gas Arm Auctions 1.075 Bln Cubic Meters Of Gas

E.ON Hungarian Gas Arm Auctions 1.075 Bln Cubic Meters Of Gas

After four successful natural gas auctions since the acquisition of the Hungarian gas wholesale company by E.ON Ruhrgas in 2006, E.ON Foldgaz Trade Zrt., an affiliate of E.ON Ruhrgas International, held its fifth gas auction Friday.

Terna Net Profit Soars In 2009; EUR0.19/Share Dividend

Terna Net Profit Soars In 2009; EUR0.19/Share Dividend

Terna SpA (TRN.MI), Italy's biggest power grid by capacity, said Friday 2009 net profit soared on the year, lifted by stronger revenue, allowing it maintain its commitment to shareholders of a higher dividend.

Russia Seeks Japan Support In Vietnam Nuclear Project –Nikkei

Russia Seeks Japan Support In Vietnam Nuclear Project –Nikkei

Russia's State Atomic Energy Corp. (Rosatom) wants to team up with Japanese firms in the Vietnam's Y1.5 trillion nuclear plant construction project, the Nikkei reported in its Friday evening edition, citing an executive of the Russian firm.

EU Commission: Settlement Reached in the Case of EDF

EU Commission: Settlement Reached in the Case of EDF

Commission announces a settlement of a case against EDF, alleged to have abused a dominant position by concluding long-term electricity contracts with industrial customers and prohibiting the resale of electricity

Europe and Central Asia Facing Energy Crunch

Europe and Central Asia Facing Energy Crunch

The outlook for primary energy supplies, heat, and electricity is questionable for the Eastern Europe and Central Asia region, despite Russia and Central Asia’s current role as a major energy supplier to both Eastern and Western Europe.

Russia’s Nuclear Industry Seeks to Profit From Alternative Fuels

Russia’s Nuclear Industry Seeks to Profit From Alternative Fuels

Russia’s nuclear industry has profited handsomely from the world’s interest in alternatives to fossil fuels. But at least one environmental group is saying the latest Russian effort to capitalize on the green reputation of nuclear power — marketing designs for old Soviet nuclear submarine engines — is potentially dangerous.