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Italy Must Offer Lasting Support For Nuclear Renaissance

Italy Must Offer Lasting Support For Nuclear Renaissance

Italy must offer long-term support measures for nuclear power to make a comeback in the country in order to protect investments and offer a satisfactory regulatory framework, a top government official said Tuesday.

GDF-Suez CEO Confirms Full Year Outlook

GDF-Suez CEO Confirms Full Year Outlook

GDF Suez (GSZ.FR) Chief Executive Gerard Mestrallet Friday said the company confirms its outlook for this year and next year.

Kazakhstan Suspects Agip Of $110 Mln Fraud At Kashagan -Report

Kazakhstan Suspects Agip Of $110 Mln Fraud At Kashagan -Report

Agip KCO, an Eni SpA (E) subsidiary and operator of Phase I of the giant Kashagan offshore oil field development, is suspected of a $110 million fraud, Kazakh state news agency Kazinform reports Friday, citing a spokesman for financial police.

TNK-BP To Double ESPO Shipments To Pacific Coast Next Year

TNK-BP To Double ESPO Shipments To Pacific Coast Next Year

BP PLC's (BP) Russian joint venture TNK-BP Ltd. plans to double shipments of the new ESPO crude to the Asia-Pacific region next year and hopes to send more crude to U.S. refiners, company executives said in an interview.

Malaysia: Total Acquires Interest in a Deep Offshore Exploration Block

Malaysia: Total Acquires Interest in a Deep Offshore Exploration Block

Total announces that it has signed an agreement with the national oil company Petronas to acquire a 85% interest in the Block SK317B, offshore Malaysia. Under the terms of the agreement, Total will operate the Block alongside its partner Petronas Carigali holding the remaining 15% interest.

India Launches Renewable Energy-Based Market Instruments

India Launches Renewable Energy-Based Market Instruments

India Thursday launched a scheme that allows power utilities to purchase renewable energy certificates to meet their obligations of buying part of their electricity requirement from green energy sources.

Iran Nuclear Drive Must Be Peaceful, Medvedev Tells Ahmadinejad

Iran Nuclear Drive Must Be Peaceful, Medvedev Tells Ahmadinejad

Russia President Dmitry Medvedev Thursday stressed the importance of Iran having a peaceful nuclear program, the Kremlin said, in his first meeting with President Mahmoud Ahmadinejad since a breakdown in ties.

Russias Gazprom Sells $1 Bln 2015 Bond Offering

Russia's Gazprom Sells $1 Bln 2015 Bond Offering

Russia's OAO Gazprom (GAZP.RS), the world's largest producer of natural gas, said Thursday that it has sold a $1 billion bond maturing Nov. 29, 2015.

Oil Prices To Trade At Around $80 A Barrel In 2011 -Deutsche

Oil Prices To Trade At Around $80 A Barrel In 2011 -Deutsche

Oil prices are likely to trade at around $80 a barrel next year, helped by the weak dollar and the global financial recovery, Adam Sieminski, chief energy economist for Deutsche Bank, says in an energy conference in Houston. Oil prices will remain strong as long as the dollar is weak, but it's likely that the Federal Reserve will increase interest rates in a year or so, a move that could make oil prices go lower, he says.

EU Says €200bn Needed for Energy Grids by 2020

EU Says €200bn Needed for Energy Grids by 2020

€200 billion is needed to upgrade Europe's gas and electricity grids over the coming decade, the European Commission said yesterday (17 November), adding that half of the sum will have to come from government coffers at a time of budgetary presssure.

Metka Sees 9M Profits Shoot Up

Metka Sees 9M Profits Shoot Up

Power plant builder Metka reported strong nine-month earnings yesterday, boosted by growing business in Turkey. Metka, which is also present in Syria, said that nine-month net profits rose to 70.1 million euros, from 19.9 million euros, beating analysts’ estimates.