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Brussels to Argue for 30% CO2 Reduction Target

The economic slump has cut the cost of meeting the EU's current 2020 emission reduction target by nearly a third, making a move to a 30% cut affordable, according to a draft European Commission communication seen by EurActiv.

Underwater Robots Probe ‘Inner Space’ to Plug Leaking Oil Well

Pilots using jetfighter-like joy sticks and computer screens to guide robots a mile underwater are crucial to BP Plc’s efforts to stop a leaking oil well that’s gushing thousands of barrels a day in the Gulf of Mexico.

Russia's Urals Crude Oil Price Jumps 69% in April year-on-year

The average price of Russia's Urals export oil blend jumped 69% in April 2010 year-on-year to $82.5 per barrel as the world economy recovers from the effects of the global economic crisis, a Finance Ministry official said on Tuesday.

NPT Review Conference Opens at UN Headquarters in New York

The 8th NPT Review Conference opened at the U.N. Headquarters in New York on Monday. The conference participants will discuss how to prevent the spread of nuclear weapons and illegal turnover of nuclear materials.

Kyriakos Maniatis awarded for Europe’s Top Bioenergy Prize at the 18th European Biomass Conference and Exhibition

On the occasion of the 18th European Biomass Conference and Exhibition, taking place in Lyon, France, the Johannes Linneborn Prize for achievements in biomass development was awarded to Kyriakos Maniatis, Principal Administrator, Directorate General for Energy, European Commission.

Gazprom 4Q Up Eightfold; Shares Rise

Russia's OAO Gazprom (GAZP.RS), the world's largest producer of natural gas, Thursday posted an eightfold increase in fourth-quarter net profit on rising output and demand, as well as a one-time financial gain.

Qatar Starts Up $800 Mln Ethane Cracker At Ras Laffan

Qatar's Ras Laffan Olefins Co. will on Tuesday inaugurate officially its new $800 million ethane cracker that started production last week, the state-run Qatar News Agency reports Monday.

E.ON Sells 265MW Power Output Capacity To Morgan Stanley Unit

E.ON AG (EOAN.XE) said Monday it has agreed to sell 265 megawatts of power generation capacity its owns in the German coal-fired power plant Veltheim to Morgan Stanley Capital Group Inc., the commodities division of Morgan Stanley (MS).

Total Production Profile One Of The Strongest

GDF Suez/Bolivia Talks Had Been Ongoing

The nationalization of GDF Suez's (GSZ.FR) assets in Bolivia is no surprise, Aurel says, noting GDF Suez had been in talks with the Bolivian government for quarters over the issue. Notes Corani, in which GDF Suez owned 50% and which was nationalized over the weekend, represented 16.4% of the Bolivian power generation market share in 2008.

GDF Suez Earnings Beat Views, Keeps Full-Year Goals

French power operator GDF Suez (GSZ.FR) Monday posted 2.1% drop in first-quarter earnings before interest, tax, depreciation and amortization, or Ebitda--due to lingering economic difficulties in Europe and lower energy commodities prices--but the decline was a less-than-expected and the group maintained its full-year targets.

Electric Cars Push Needs Careful Thinking

Despite a strong push to ramp up the production of electric cars around the world, experts warn that their roll-out needs to be carefully planned before investors open their wallets.

Euro Zone Seals €110bn Rescue Plan for Greece

Under a deal struck by eurozone finance ministers on Sunday (2 May), Athens would receive 80 billion euros in bilateral loans in three years spanning until 2012. 30 billion would come from the International Monetary Fund (IMF).