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UPDATE 1-U.S. oil drillers deepen cuts in 7th week of declines -Baker Hughes

(Adds details on areas of cuts) Feb 5 (Reuters) - U.S. energy firms deepened their cuts in oil drilling rigs in the seventh week of declines to the lowest levels since March 2010, data showed on Friday, as they continue to cut spending due to the collapse in crude prices. Drillers removed 31 oil rigs in the week ended Feb. 5, the biggest cut since April last year, bringing the total rig count down to 467, oil services company Baker Hughes Inc said in its closely followed report. T

UPDATE 2-Canada lifting some Iran sanctions, says Bombardier should benefit

OTTAWA, Feb 5 (Reuters) - Canada said it was lifting some sanctions against Iran, including a ban on financial services, imports and exports, thereby allowing companies such as plane maker Bombardier Inc to compete against rivals.

U.S. oil drillers deepen cuts in 7th week of declines -Baker Hughes

Feb 5 (Reuters) - U.S. energy firms this week cut oil rigs for a seventh week in a row to the lowest levels since March 2010, data showed on Friday, as energy firms continue to cut spending due to the collapse in crude prices. Drillers removed 31 oil rigs in the week ended Feb. 5, the biggest cut since April last year, bringing the total rig count down to 467, oil services company Baker Hughes Inc said in its closely followed report.

Recession clouds dampen Carnival spirit in oil-reliant Trinidad

SPEYSIDE, Trinidad & Tobago, Feb 5 (Reuters) - Plunging oil prices are darkening Trinidad and Tobago's Carnival party, which is ramping up as the Caribbean nation slumps deeper into the sort of unpredictable recession that is gripping energy-reliant countries globally.

UK Green Bank, BlackRock Buy GLID Wind for $615 Million

The U.K. Green Investment Bank Offshore Wind Fund and funds managed by BlackRock Inc. acquired GLID Wind Farms TopCo Ltd. from Centrica Plc and EIG Global Energy Partners LLC for 423 million pounds ($615 million).

Swedish regulator orders tighter security at nuclear plants

OSLO, Feb 5 (Reuters) - Sweden's nuclear regulator has ordered tighter security measures including armed guards and perimeter dog patrols at its nuclear power plants because of the global security situation.

New Algae Testing Facility Supports Advancements in Real-World Biofuel Applications

A new algae raceway testing facility at Sandia National Laboratories is helping researchers bring the promise of algal biofuels closer to reality.

INVESTMENT FOCUS-Lower costs and better margins buoy European earnings

LONDON, Feb 5 (Reuters) - Fourth-quarter earnings of Europe's leading companies have been boosted by cost cutting and better operating margins, with higher profits contrasting with falls seen in the United States.

EU offers Norway warm words not pledges on gas investment

* Barents Sea gas could be pipeline or LNG depending on signals

CANADA STOCKS-TSX falls as falling oil prices, job losses weigh

TORONTO, Feb 5 (Reuters) - Canada's main stock index fell on Friday in a broad retreat after a weak jobs report and as falling oil prices weighed on energy stocks.

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