Tony Barrett News
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Eni Spa has no plans to spin off oil services company Saipem SpA regardless of pressure from shareholder Eric Knight, Eni Chairman Giuseppe Recchi said.
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Azerbaijan plans to raise renewable energy capacity in the country, the third-largest oil producer of the former Soviet Union, to about 20 percent of total power demand by 2020, with investment estimated to reach $7 billion.
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DCNS SA, a marine engineering company, will spend as much as 130 million euros ($173 million) to gain a majority stake in Irish tidal turbine maker OpenHydro Group Ltd. as the industry moves toward commercialization.
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Kazakhstan won $1.8 billion in Chinese funding to build a natural-gas pipeline from its oil- rich west to the densely-populated south, and may ship supplies to its East Asian neighbor.
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OAO Polyus Gold said it named German Pikhoya as chief executive officer. The company commented in a statement today.
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Spanish 10-year bonds erased their decline, leaving the yield little changed at 5.33 percent at 3:45 p.m. London time. The yield rose earlier by as much as seven basis points to 5.41 percent.
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Randgold Resources Ltd. said it completed preparatory work at its Kibali project in the Democratic Republic of Congo. The company commented in a statement today.
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Power Finance Corp., India’s largest lender to utilities, will set up a unit to fund renewable-energy projects as the nation seeks to cut pollution from generation.
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Rio Tinto Group Chief Executive Officer Tom Albanese said the company is continuing talks with Guinea on the Simandou project. The company commented in a statement today.
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Government of Singapore Investment Corp., which manages more than $100 billion, has raised its stake in Xstrata Plc by 20 percent and trimmed its holding in Glencore International Plc since the companies said they planned to combine.
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