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Iraqi Oil Co Issues Tender To Drill 45 Wells In South

Iraqi Oil Co Issues Tender To Drill 45 Wells In South

The South Oil Company, an affiliate of the Iraqi Oil Ministry, has issued a new tender to drill 45 oil wells in the country's southern fields in a bid to address a sharp fall in southern oil production, the oil ministry said in its Web site.

Russian Official: No Change In EU Ties After Ukraine Deal

Russian Official: No Change In EU Ties After Ukraine Deal

Russia won't make any dramatic changes in its ties with the European Union despite an E.U. gas network agreement with Ukraine which infuriated Moscow, an influential vice premier in charge of energy said late Sunday.

Gazprom In Talks To Import Azeri Gas From 2010

Gazprom In Talks To Import Azeri Gas From 2010

Russia's OAO Gazprom (GAZP.RS), the world's biggest producer of natural gas, has signed a memorandum of understanding with Azerbaijan to start talks on importing gas from the Central Asian state starting in 2010, the company said Friday.

German Min: US Must Do More On Climate Change

German Min: US Must Do More On Climate Change

The U.S. must step up its efforts to combat climate change, Germany's environment minister said Monday, accusing the Obama administration of lacking ambition in its environmental goals.

GDF Suez Electrabel Challenges EUR250M Belgian Nuclear Tax

GDF Suez' Electrabel Challenges EUR250M Belgian Nuclear Tax

Belgium's Electrabel, a unit of French utility GDF Suez (GSZ.FR), has asked Belgium's constitutional court to annul a tax imposed on nuclear power producers in the country that came to EUR250 million in 2008, a spokeswoman for Electrabel confirmed Monday.

OMV:MOL Stk Sale Price Approximately Equals Buy Costs

OMV:MOL Stk Sale Price Approximately Equals Buy Costs

Austrian oil and gas company OMV AG (OMV.VI) said Monday the sale of its 21.2% stake in Hungarian peer MOL Nyrt. (MOL.BU) brought in just about enough to cover the initial costs of the stake.

Wind-powered car breaks record

Wind-powered car breaks record

A British engineer from Hampshire has broken the world land speed record for a wind-powered vehicle. Richard Jenkins reached 126.1mph (202.9km/h) in his Greenbird car on the dry plains of Ivanpah Lake in Nevada. Mr Jenkins told the BBC that it had taken him 10 years of "hard work" to break the record and that, on the day, "things couldn't have been better".

Italy To Discuss Golden Share Ruling With EU Partners

Italy To Discuss Golden Share Ruling With EU Partners

Italian Industry Minister Claudio Scajola said Friday the country needs to discuss with other European Union member states the veto powers "problems" in key companies after the top E.U. court ruled against it.

Italy Indus Min To Discuss Gazprom Assets In Moscow In April

Italy Indus Min To Discuss Gazprom Assets In Moscow In April

Italian Industry Minister Claudio Scajola said Friday he will discuss the option OAO Gazprom (GAZP.RS) has on ex-Yukos assets held by Eni SpA (E) and Enel SpA (Enel.MI) with Russian government officials when they meet in April.

GDF Suez: French LNG Terminals Strike Over; Deal With Workers

GDF Suez: French LNG Terminals Strike Over; Deal With Workers

French utility GDF Suez (GSZ.FR) Friday confirmed the end of strike protests at its French liquefied natural gas terminals, saying staff at Fos-sur-Mer are now able to unload the first of two cargoes that had been waiting.

GDF Suez: To Maintain Level Of Gas Natural Stake

GDF Suez: To Maintain Level Of Gas Natural Stake

French utility GDF Suez (GSZ.FR) Thursday said it will subscribe in full to Gas Natural's (GAS.MC) planned capital hike, avoiding diluting the level of its current stake in the Spanish company, of close to 9%, a spokesman for the company told Dow Jones Newswires Thursday.

Shtokman JV CEO Sees No Delay For Shtokman Amid Crisis

Shtokman JV CEO Sees No Delay For Shtokman Amid Crisis

The head of the joint venture to develop Russia's giant Shtokman natural gas field doesn't expect the continuing economic and financial crisis to delay the project, he tells Le Figaro newspaper in an interview published Friday.

Gazprom In Talks To Import Azeri Gas From 2010

Gazprom In Talks To Import Azeri Gas From 2010

Russia's OAO Gazprom (GAZP.RS), the world's biggest producer of natural gas, has signed a memorandum of understanding with Azerbaijan to start talks on importing gas from the Central Asian state starting in 2010, the company said Friday.

Mytilineos profits plummet

Mytilineos profits plummet

Metals and energy group Mytilineos reported a 90 percent drop in net profit last year on high fuel and commodity costs and warned that 2009 will be one of the most difficult years in decades for the metallurgy sector.

Burgas-Alexandroupolis Oil Pipe Build To Start 2010

Burgas-Alexandroupolis Oil Pipe Build To Start 2010

The construction of the Burgas-Alexandroupolis oil pipeline will begin in 2010, Kostis Khatzidhakis, Greece's development minister said Thursday, according to the RIA Novosti news service.