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LAGOS, Nigeria, July 9 (UPI) -- China's oil companies, buoyed by the country's foreign exchange reserves that now top $2 trillion for the first time, are on another buying spree in Africa, further challenging the century-long domination of the continent's mineral wealth by Europe's great powers.

BRUSSELS, July 9 (UPI) -- The European Commission slapped Gaz de France-Suez and E.ON with combined penalties of more than $1.6 billion in an effort to dismantle combined markets.

MANILA, Philippines, July 9 (UPI) -- The Asian Development Bank Thursday announced a program to help fund new technology to substantially reduce greenhouse gas emissions in China.

NEW YORK, July 9 (UPI) -- Declines in oil prices, retreating from highs near $70 per barrel, are based on market principles, making speculators nervous.

TEHRAN, July 9 (UPI) -- The U.S.-Russian row over missile defense is a ruse meant to cover the notion that Cold War dynamics are manifested now in the energy sector, Iranians say.

BAKU, Azerbaijan, July 9 (UPI) -- The State Oil Co. of Azerbaijan Republic is a diverse supplier as its trading offices establish relations with various partners, officials say.

HOUSTON, July 9 (UPI) -- A natural gas pipeline from the Rocky Mountains in Colorado lessens U.S. dependence on Canadian gas by as much as 10 percent, analysts say.

MOSCOW, July 9 (UPI) -- Anglo-Russian energy venture TNK-BP announced it will examine increasing its capital investment to match trends in the current market.

BAKU, Azerbaijan, July 9 (UPI) -- The increasing trend in energy prices could threaten the stability of global markets despite moves by the OPEC president.

OSLO, Norway, July 9 (UPI) -- French energy giant Total announced production started at its offshore Tyrihans oil and gas field in the Norwegian Sea, the largest such effort for 2009.

ABU DHABI, United Arab Emirates, July 9 (UPI) -- ConocoPhillips and the Abu Dhabi National Oil Co. signed deals Thursday for development of the Shah gas field in the United Arab Emirates.

MOSCOW, July 9 (UPI) -- Russian authorities raided offices of a subsidiary of the London-listed Sibir Energy in an apparent move to beleaguer a top shareholder, Chalva Tchigirinsky.

SAO PAULO, July 9 (UPI) -- A U.S. company is introducing to South America a plastic packaging that is made from biomaterials rather than petroleum.

HARARE, Zimbabwe, July 8 (UPI) -- The beleaguered government of this bankrupted African state has been forced to withdraw troops from diamond fields in the eastern part of the country that it took over in 2008 in an apparent bid to bankroll strongman Robert Mugabe.

BEIJING, July 8 (UPI) -- China's leading oil companies have boosted overseas acquisitions during the first half of 2009 because of increased domestic demand and falling prices, a Shanghai Securities News report stated Tuesday.

HAMBURG, Germany, July 8 (UPI) -- Germany is one of the world's largest wind power markets, but there is room for significant further onshore growth in the country's southern states.

ACCRA, Ghana, July 8 (UPI) -- Ghana is courting international investors to bid on a stake in the Jubilee offshore oil field as the U.S.-funded Kosmos equity firm goes on the auction block.

TBILISI, Georgia, July 8 (UPI) -- The gas deal between Russian energy giant Gazprom and Azerbaijan will have only a minor impact on the heralded Nabucco pipeline, Georgian analysts say.

ABU DHABI, United Arab Emirates, July 8 (UPI) -- Some $1.5 billion in ventures and acquisitions slated for the next six months will target the Iraqi power sector, the Abu Dhabi National Energy Co. said.

LAGOS, Niger, July 8 (UPI) -- Nigerian militants threatened major attacks on the Trans-Saharan gas pipeline as their demands for international oil companies to leave the country grow.