Energy Supply News
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Ghana, West Africa’s second-biggest economy, plans to use the second tranche of funding from the U.S. Millennium Challenge Corp. to boost investments in energy production.
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Statoil ASA, Norway’s largest oil producer, said fourth-quarter profit more than doubled as the explorer found more oil and gas than it produced for the first time since 2005.
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Sasol Ltd., the biggest maker of motor fuel from coal, asked closely held BrightSource Energy Inc. to study the design of a solar-thermal power plant in South Africa.
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Renewable energy companies are approaching the point where they can generate electricity at a price competitive with fossil-fuels without subsidies, the biggest wind and solar manufacturers said.
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Francois Hollande, the Socialist candidate seeking to unseat President Nicolas Sarkozy, pledged to ease the government’s pension overhaul and increase taxes to pay for the reversal.
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South Korean Prime Minister Kim Hwang Sik asked Oman to cooperate in supplying energy products should there be an emergency need for oil, following Iranian threats to close the Strait of Hormuz.
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Francois Hollande, the Socialist Party frontrunner and President Nicolas Sarkozy’s main opponent in France’s presidential election, promised to combat the financial sector and restore equality if voted into office May.
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Francois Hollande, the Socialist Party frontrunner and President Nicolas Sarkozy’s main opponent in France’s presidential election, promised to combat the financial sector and restore equality if voted into office May.
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The Italian government plans to force Eni SpA, the country’s biggest oil company, to sell its 5.9 billion euro ($7.6 billion) stake in natural-gas distribution network Snam Rete Gas SpA to boost competition.
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One of the world’s poorest regions is also home to the biggest natural-gas discoveries in a decade, luring investors from steel billionaire Lakshmi Mittal to Royal Dutch Shell Plc.
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