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California regulators approved a plan Thursday to expand a subsidy for rooftop solar power generated by homeowners and businesses, handing a victory to the solar industry.
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The California Public Employees' Retirement System said it is pushing for governance changes at three companies it is invested in, chiefly focusing on executive compensation, supermajority and plurality voting requirements.
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Valero Energy Corp. (VLO) said a compressor tripped offline Thursday at its refinery in Corpus Christi, Texas, according to a government filing.
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Shares of companies with significant business in China slipped sharply in U.S. trading on Thursday on signs that the Asian country's factory activity is poised for a seventh straight month of contraction.
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President Barack Obama on Thursday nominated Allison Macfarlane to chair the U.S. Nuclear Regulatory Commission.
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Crude-oil futures rallied nearly 1% on Thursday, regaining some ground after recent steep losses.
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Gold futures ended higher Thursday, recouping some of the previous session's steep losses on the back of a weakened dollar and rising equities.
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Brazilian electric energy consumption grew 5.9% in April versus the year-ago period, reflecting the expansion in Brazil's residential and commercial sector use, government energy planning corporation EPE said Thursday.
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Thieves are stealing about 180,000 barrels worth of crude oil every day from pipelines in Nigeria, the head of the state-owned oil company said Thursday.
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MPX Energia SA (MPXE3.BR, MPXEY), the Brazilian power company controlled by billionaire Eike Batista, said Thursday its board approved a 1 billion Brazilian real ($492 million) private placement of shares.
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Chesapeake Energy Corp. (CHK) has put 504,000 acres in Wyoming and Colorado, which includes oil and gas production from 29 wells, up or sale, Reuters reported Thursday, citing a prospectus on the deal.
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Genetic Technologies Ltd. shares soared 51% to $5.36 on Thursday.
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Royal Dutch Shell PLC (RDS.LN) said Thursday that it purchased for cancellation 750,000 of its Class B Shares at a price of 2070.04 pence per share.
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BP PLC (BP, BP.LN) Thursday began the process of shutting down the same key gasoline-making fluid catalytic cracking unit, or FCCU, that began restarting after five months of down time earlier this week.
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Natural-gas futures trimmed losses Thursday after a weekly government report on supplies, but the boost was short-lived.
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LIMA, Peru -(Dow Jones)- Peru's state-owned Petroleos del Peru (PETROBC1.VL), or Petroperu, has signed a contract with Societe Generale (SCGLY, GLE.FR) to provide financial structuring services for the modernization of the Talara refinery.
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Dow Chemical will be paid $2.16 billion in damages by Kuwait’s state-run chemical company, Kuwait Petroleum, under an arbitrator’s ruling that found Dow’s planned plastics joint venture in 2008 was wrongly cancelled.
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Electricite de France (EDF.FR) Thursday completed the acquisition of Edison SpA (EDN.MI), as it purchased shares from investment vehicle Delmi for EUR784 million.
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Energy stocks lost ground in early action on Thursday.
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German utility E.ON AG (EOAN.XE) said Thursday it intends to centralize certain human resources and accounting jobs within the company as part of an ongoing push to reduce operating costs by EUR1.5 billion through 2015, including around 11,000 job cuts.
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Czech power producer CEZ AS (BAACEZ.PR) stands to benefit from an upturn in electricity and carbon dioxide prices, as the European market for the commodities appears to have bottomed out, the company's head of sales said Thursday.
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Russian President Vladimir Putin said Thursday that independent oil companies should have the right to develop offshore resources as long as they don't sell those rights to foreign corporations, Interfax reported.
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Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, confirmed Thursday estimates for a Campos Basin offshore block that holds recoverable reserves of more than a billion barrels of oil equivalent.
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Repsol YPF SA (REP.MC) said Thursday that some of the areas it is exploring off the coast of Brazil contain more than more than a billion barrels of oil and gas, a development that highlights the potential of the operations there to drive Repsol's growth.
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India's state-run fuel retailers have no immediate plan to withdraw a record increase in the price of gasoline, the chairman of Indian Oil Corp. (530965.BY), the country's largest oil refining and marketing company by sales, said Thursday.
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General Electric Co. said Thursday it will make a $300 million investment that "paves the way for increased collaboration" with EBX, a conglomerate run by Brazilian billionaire Eike Batista.
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Reliance Power Ltd. (532939.BY) Thursday said its January-March consolidated net profit rose 24%, due mainly to higher power generation.
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Gold futures rebounded from prior-day losses as other commodities also rose and the dollar flattened out.
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Statoil ASA (STO) is the latest company to look to send North Sea oil to South Korea in June as part of an increasingly common trade that until last year was virtually unheard of, ship brokers said Thursday.
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Repsol YPF SA (REP.MC) said Thursday some of the areas it is exploring off the coast of Brazil contain more than 700 million of barrels of oil, in a development that highlights the potential of the operations there to drive Repsol's growth in the future.
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South Africa's national oil company PetroSA said Thursday it HAS purchased two depots from the South African operations of BP PLC (BP), as the national oil company diversifies into downstream operations.
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Cnooc Ltd. (CEO) said Thursday in a statement that it has made a new oil discovery Luda LD 21-2 in south Liaodong Bay.
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European markets traded volatile on Thursday, but stocks moved off earlier lows to trade rise, shaking off a clutch of downbeat euro-area data.
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European stock markets opened higher on Thursday, set to bounce back from a prior-day rout, with banks and resources stocks pushing higher, inspired by a late-stage comeback by Wall Street.
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Africa focused oil and gas exploration company Cove Energy PLC (COV.LN) Thursday posted a 27% narrowed pretax loss and said that it plans to commence drilling in Kenya during fourth quarter of 2012.
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An Indian ministerial panel, led by Finance Minister Pranab Mukherjee, will meet Friday to consider whether to raise the prices of diesel and cooking gas, two government officials said Thursday.
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Oil company Royal Dutch Shell PLC (RDSA.LN) Thursday said it is extending its acquisition offer for Cove Energy PLC (COV.LN) until 1200 GMT on June 13 and is considering its options in light of the recent announcement made by PTT Exploration and Production Public Company Limited (PTTEP.TH) of its offer for Cove.
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Ecuador expects to close a deal with Brazilian energy giant Petroleo Brasileiro SA (PBR) in June over compensation for Petrobras's former assets in the Andean country, Minister of Nonrenewable Natural Resources Wilson Pastor said Wednesday.
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Export credit agencies in the U.S. and China have joined over a dozen banks to offer US$8.5 billion to an Australian joint venture planning to liquefy unconventional gas for export to Asia.
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The New Zealand Treasury is expecting the Reserve Bank of New Zealand to begin raising the Official Cash Rate from its current low 2.5% in early 2013, it said Thursday.
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New Zealand's government unveiled a budget Thursday aimed at keeping it on course to reach a NZ$197 million (US$148 million) surplus in the year to June 2015.
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Committed capital investment in Australia's already booming resources industry hit a record A$260.8 billion (US$254.57 billion) by April 30, the government's Bureau of Resources and Energy Economics said Thursday.
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Australia's competition watchdog on Thursday cleared the way for AGL Energy Ltd. (AGK.AU) to fully acquire the Loy Yang A power station in Victoria state and launch a 900 million Australian dollar (US$877 million) share issue to help fund the deal.
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Australian stocks moved higher early Thursday, with resources leading the gains ahead of Chinese economic data later in the session and as news from an informal European leaders' summit trickled out.
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Australia's competition watchdog on Thursday cleared the way for AGL Energy Ltd. (AGK.AU) to fully acquire the Loy Yang A power station in Victoria state and launch a A$900 million share issue to help fund the deal.
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An Australian gas-export joint venture between Origin Energy Ltd. (ORG.AU), ConocoPhillips (COP) and China Petroleum & Chemical Corp., or Sinopec, has signed agreements with banks and export credit agencies for US$8.5 billion in project finance, Origin said Thursday.
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Shareholder advisory firm Glass, Lewis & Co. on Wednesday advised investors in Chesapeake Energy Corp. (CHK) to vote for shareholder proposals that would dramatically reform the embattled company's board.
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Tokyo Electric Power Co. , better known as Tepco, plans to hike power rates for some heavy users by 12% starting in July, the Nikkei business daily reported Thursday without citing sources.
