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UK chip and PIN suspension may favor criminals - APACS
The UK payments association APACS has told a trade journal that oil company Shell's decision to suspend operation of the Chip and PIN payment verification system could be a 'boon for criminals'.
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BP to sell Dutch gas assets
UK-based oil and gas major BP intends to sell its exploration and production (E&P) and gas infrastructure business in the Netherlands, comprising its onshore and offshore production assets and its Piek Gas Installatie (PGI) at Alkmaar.
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Brussels to probe German pipeline loans
European Competition Commissioner Neelie Kroes is set to investigate pledges apparently made by the German government to guarantee E1 billion in loans to Gazprom for its E5 billion North European Gas Pipeline project under the Baltic sea.
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Gas Natural's Q1 earnings above expectations
Spanish gas utility Gas Natural cited surging growth in Latin America as the main driver of its rise in earnings for the three months to March 31, 2006.
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Ofgem mounts robust defense of market model
Ofgem has defended the liberalized nature of the UK energy market in the face of criticism of the regulatory body during winter 2005/6.
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OMV in discussions over central European energy tie-up
Austro-Hungarian oil major OMV has admitted that it is in discussions with the Austrian electricity distributor Verbund about a possible 'alliance' to create a central European energy player worth some E18 billion.
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Payment card skimming problem bigger than first thought – report
The security problem associated with the new Chip & PIN payment system, which has been highlighted by Shell's decision to suspend its operation, is actually a more widespread problem, the Daily Mail newspaper has reported.
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Airtricity reportedly planning European wind energy network
Dublin-based wind power developer Airtricity is hoping to establish a cross-European grid that would allow power to be distributed between different windfarms, according to an Irish media report.
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Australian bank to offer investment vehicle that protects against fuel price volatility
Major Australian financial services provider Commonwealth Bank is aiming to reduce the impact of fluctuating international oil prices on business in the transport, industrial, mining and agribusiness sectors, with a new investment product that caps the base cost of diesel.
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French regulator working on gas balancing plan
France's gas and electricity regulator, la Commission de la Regulation de l'Energie (CRE), is working on plans to develop a balancing system for the national gas market in a similar vein to that existing in the power market.
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Scottish and Southern set to plunge into water?
Media reports in the UK suggest that Perth, Scotland-based electricity and gas supplier Scottish and Southern Energy (SSE) may be eyeing the purchase of a water company.
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Shell decision damages Chip & PIN reputation
Petrol retailer Shell has taken the decision to pull the pug on its Chip & PIN payment terminals in 600 of its UK forecourts after suffering at the hands of fraudsters.
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Ofgem hints at possible future action against National Grid Electricity Transmission
The UK power grid operator National Grid Electricity Transmission (NGET) is to have its external system operator costs regulated using existing powers, energy regulator Ofgem says.
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Ofgem set to engineer greater clarity in gas sector
The UK's energy market regulator Ofgem has approved changes intended to bring greater transparency to the wholesale gas market in a move that has angered upstream players.
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Suez-GdF merger making progress, firms say
The controversial merger to create a French energy champion is on track according to the two protagonists, Gaz de France and Suez.
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