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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.

Iran, NATO In First Talks In 30 Yrs

Iran, NATO In First Talks In 30 Yrs

An Iranian diplomat and a North Atlantic Treaty Official official have held "informal talks" at alliance headquarters in Brussels in the first such meeting in 30 years, NATO officials said Thursday.

Petrobras May Compete For Iraqi Oil Deal

Petrobras May Compete For Iraqi Oil Deal

Brazil's state-run oil company Petrobras (PBR) could join a U.S. firm and two European companies in competing for a contract to develop Iraq's Nahr Bin Umar oil field, a senior Iraqi oil official involved in talks with international oil companies told Dow Jones Newswires Thursday.

Gazprom, ENI Urge Speedy Progress On South Stream Pipeline

Gazprom, ENI Urge Speedy Progress On South Stream Pipeline

Chief executives of Russia's Gazprom NEFT (SIBN.RS) and Italy's ENI SpA (ENI.MI) called Tuesday for speeding up the South Stream gas pipeline project, after Ukraine clinched a gas network agreement with the European Union, prompting Moscow's fury.

Japan Utilities Mull Buying CO2 Credits From Ukraine

Japan Utilities Mull Buying CO2 Credits From Ukraine

Japanese utilities are considering buying about 14 million metric tons of carbon dioxide credits from Ukraine for Y15 billion to Y20 billion, industry journal Denki Shimbun reported Thursday.

Bulgaria in Talks With Russia Over Energy Plant

Bulgaria in Talks With Russia Over Energy Plant

Bulgaria is in negotiations with Russia to get funding for a planned 4 billion-euro ($5.46 billion) nuclear power station on the Danube. “We are holding preliminary talks with Russian authorities over the possible terms and conditions of funding for the Belene project,” Aisehel Rufy, a spokeswoman for the Bulgarian Energy and Economy Ministry, said yesterday by telephone.