Algeria&#39;s Sonatrach rescinds gas project with Spanish firms
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Algerian state-owned energy company Sonatrach is rescinding a natural gas contract with Spanish firms Gas Natural and Repsol YPF, according to a statement by Spanish market regulator CNMV.
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A Kremlin official rejected as &quot;lies&quot; media claims that Moscow would like to create an OPEC-style cartel to supply the European Union with gas, after it signed a cooperation deal with Algeria.
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Some oil majors have rejected Venezuela's terms for the takeover of their multi-billion dollar projects and can leave the OPEC nation, President Hugo Chavez said on Friday, days before a deadline for them to strike nationalization deals.
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The Spanish financial market regulator CNE slapped conditions Wednesday on the takeover of Spain&#39;s biggest electricity group Endesa by the Italian energy group Enel and Spanish construction company Acciona.
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Spanish energy company Gas Natural said it had appointed Savaldor Gabarro as chairman to replace Antonio Brufau, who is replacing Alfonso Cortina at the country's leading energy group Repsol YPF.
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When French President Nicolas Sarkozy chose Algeria for his first state visit outside Europe in July, regional rival Morocco called off the next leg of his north African tour to show its displeasure.
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Spain has ditched plans to build a  300-km motorway across the country&#39;s sun-baked plains because  it would have threatened the Iberian lynx, one of the world&#39;s  most endangered animals.
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The proposed new lyrics for the Spanish national anthem withdrawn amid rightwing accusations
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France appeared to have removed a threat to one of Europe's largest energy deals on Sunday after the boards of Suez and Gaz de France voted on a politically charged merger delayed by disputes over strategy and control.
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Up to 1,200 companies in Mexico stopped production because of problems with the supply of natural gas following a rash of pipeline explosions caused by rebels, an industrial group said on Thursday.
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Rio Tinto  , the  world&#39;s second-largest mining group, on Tuesday dismissed talk  that it was lining up a bid for Canadian aluminum maker Alcan   as speculation, but did not to deny the rumor outright.
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Ecuador's President Rafael Correa said on Saturday the government would suspend contracts with any foreign oil company found to have needlessly damaged the environment.
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Oil-rich nations brushed off a push by Venezuelan leader Hugo Chavez to cut production, but he used the OPEC meeting to push for expanding the cartel&#039;s membership and praised Bolivia&#039;s nationalization of its natural gas industry.
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Some oil majors have rejected  Venezuela&#39;s terms for the takeover of their multi-billion  dollar projects and can leave the OPEC nation, President Hugo  Chavez said on Friday, days before a deadline for them to  strike nationalization deals.
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OSLO/KUALA LUMPUR  - Norwegian aluminum group Norsk Hydro  and global miner Rio Tinto   declined to confirm or deny reports that they may place separate bids for Canada's Alcan .
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JOHANNESBURG  -- Initial feedback from Gold Fieldsâs North American and European investors is rejection of the hostile all-share bid by Harmony Gold for its larger rival, which has labeled the offer as âopportunisticâ, Gold Fields chief
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ConocoPhillips and Exxon Mobil refused to meet Venezuelaâs deadline for ceding control of major oil ventures, a move that could mean the loss of billions in investments.