Citi and Shell have announced that cash-back rates are to be slashed on their co-branded Shell MasterCard, with fuel rates cut from 3% to 1%. As the card is no longer being issued, Shell is now looking to its loyalty scheme rather than its credit card to improve customer allegiance, although this may prove tricky as UK fuel customers are notoriously disloyal and price-conscious.
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Italian oil and gas company Eni has signed a strategic agreement with the Democratic Republic of Congo for co-operation and valorization of the country’s oil resources.

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Swedish power utility Vattenfall has reported a net profit of SEK2.62 billion for the second quarter of 2009, compared to SEK4.04 billion for the same period of 2008.
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Suntech Power Holdings, a manufacturer of photovoltaic modules, has entered into a strategic agreement with China Huadian New Energy Development to develop a total of 500MW of utility-scale and commercial roof-top solar projects in China’s sun rich western provinces, Jiangsu province and Shanghai over the next three years.
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RWE has said that it will commence natural gas deliveries in 2013 to a 841MW combined-cycle power plant that is being built by the CEZ Group in Pocerady in North Bohemia, Czech Republic.
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Three new reports concerning the material markets for photovoltaics are published by NanoMarkets on reports-research.com.

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Managing spent nuclear fuels across the world has been one of the major concerns of the nuclear industry worldwide. Since spent nuclear fuel from the reactors is high level radioactive waste, it is important for the nuclear power generating countries to have well organized spent fuel management mechanisms. This would give enormous opportunities for the spent fuel storage equipment manufacturers. The new Nuclear Equipment report from GlobalData titled “Global Nuclear Spent Fuel Storage Market Analysis and Forecasts to 2015” presents an in-depth analysis of spent fuel storage industry and presents forecasts of spent fuel storage equipments’ demand. The report covers the global nuclear power industry development, its growth trajectory and the demand for spent fuel casks in the global nuclear power industry. The report also presents in-depth analysis on region-wise product segments and revenue analysis in the spent fuel cask industry and also analyses the key players in the global nuclear spent fuel industry.
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US-based power and gas utility Avista has received a new 50-year operating license from the Federal Energy Regulatory Commission for the five hydropower developments that make up its Spokane River Project.

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Against a backdrop of burgeoning climate policies, support mechanisms and renewable targets, the strategic development of solar power is proceeding at a strong pace. However, the technological breakthroughs necessary for the sector to undergo exponential growth must now come from solar component manufacturers.
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The Report ‘Global Oil Multinationals - Strategies to Survive the Global Recession and a Lower Oil Price’ by analyst Global Data, part of the report publisher Global Markets Direct, analyzes the market risks facing the industry and the strategies that the companies can adopt to survive and grow in the current business environment. The report provides an overview and an in-depth analysis of the factors that led to the financial crisis and the global economic slowdown, the risks and challenges for the companies in the oil and gas industry and an analysis of the various strategies that different categories of companies (National oil companies, International oil companies and Independent oil & gas companies) can adopt to counter the key industry challenges

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