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Saipem counting the cost of going solo in low oil price world

MILAN, Feb 11 (Reuters) - A plunge in oil prices and little sign of recovery anytime soon have left Italian oil contractor Saipem ill-prepared to cope with life independent from former parent Eni, even after a 3.5 billion euro ($4 billion) fundraising.

Russia raises spectre of "world war" if nations fail to negotiate over Syria

MUNICH, Feb 11 (Reuters) - Russian Prime Minister Dmitry Medvedev said all powers must sit at the negotiating table to forge an end to the war in Syria "instead of unleashing a new world war".

Blackstone aims new fund at troubled offshore drilling market

NEW YORK, Feb 11 (Reuters) - Blackstone Group has launched a fund to finance the troubled offshore drilling and services sector, the U.S. private equity firm said on Thursday, anticipating a buyer's market as low oil prices set the stage for restructuring and consolidation.

Russia presses on with plans for Urals crude futures, improving pricing

LONDON, Feb 11 (Reuters) - The Russian government has taken another step towards launching futures for its flagship Urals crude oil blend in an attempt to promote the grade and narrow the pricing gap with global benchmark Brent, according to a government document.

Solar PV Provides 7.8 Percent of Italy’s Electricity in 2015

Solar PV systems in Italy in 2015 generated 24,676 GWh of electricity, covering 7.8 percent of the country’s electricity mix, according to Terna, Italy's electricity transmission grid operator. That total is significantly higher than the previous year, when PV systems in Italy had generated 21,838 GWh of electricity or 7 percent of Italy’s electricity mix. So, in clear GWh numbers, Italy’s electricity generation from PV in 2015 increased by 13 percent compared to 2014.

Cancellation of Iran oil contracts' presentation signals infighting

ANKARA/DUBAI, Feb 11 (Reuters) - Iran's cancellation of a conference when it had been due to unveil investment contracts to international oil firms signals that political feuding is disrupting plans to revive its energy sector.

Kremlin critic Navalny files lawsuit against Putin

MOSCOW, Feb 11 (Reuters) - Russian anti-corruption campaigner and opposition figure Alexei Navalny said on Thursday he had filed a lawsuit against Vladimir Putin after a company in which the Russian leader's son-in-law is a shareholder received $1.75 billion in state support.

Iraqi PM discourages Kurdish independence referendum

BERLIN, Feb 11 (Reuters) - Iraqi Prime Minister Haider al-Abadi urged the country's autonomous Kurdistan region not to go ahead with a proposed referendum on independence, saying it would be neither in its own interest nor Iraq's.

CANADA STOCKS-TSX falls as results from Manulife, others disappoint

TORONTO, Feb 11 (Reuters) - Canada's main stock index fell 1 percent on Thursday, hitting a three-week low as a string of disappointing corporate earnings reports added to broad investor unease about the global economy.

UPDATE 1-Germany offers 500 mln euros in credits to Iraq

BERLIN, Feb 11 (Reuters) - Germany will provide 500 million euros ($566 million) worth of credit to Iraq to help it weather the sharp downturn in global oil prices, Chancellor Angela Merkel said on Thursday after talks with Iraqi Prime Minister Haider al-Abadi.

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