Energy news from the FT:

- Gazprom to cut costs and production
Russian group plans to reduce foreign borrowing

- Court of Appeal attacks British Gas
Utility companies could face a deluge of lawsuits

- Eon to cut costs after charges of €3.3bn
Utilities are being hit by the economic crisis

- Power generators suffer shock to the system
Industrial companies cut back on electricity consumption

- De Beers cuts production as it loses its sparkle
Diamond demand hits rough spot

- Crude rises as US stimulus package may lead to lower dollar (Bloomberg)

- El-badri says Opec should wait for 100% compliance before considering new measures (Platts)

- UTS rejects Total offer (Reuters)

- Italy’s Eni signs 3 deals with Angola’s Sonangol (Reuters)

- OPEC to cut output at price below $40, Khelil says (Bloomberg)

- Nymex’s Brent share doubles as traders shun banks (Bloomberg)

- Gazprom set to cut output in downturn (WSJ)

- Gazprom gets license for four blocks offshore Vietnam (Platts)

- US urged to save forests to curb climate change (Reuters)

- Iraq considers $200m plan to reverse oil-output decline (Platts)

- Scientists plan emergency summit on climate change (Guardian)

Energy news from the FT:

- BG’s bid turns up heat with rival Shell
Group makes A$796m offer for Pure Energy

- Opec steps up threat of output reduction
Cartel member tells FT that ‘further action’ is possible

- Rio Tinto chief leans towards Chinalco deal
Boardroom split at the indebted mining group

- Trading in Chinalco shares suspended
Move follows senior management reshuffle

- Lex: Rio Tinto
Mining group wedged itself into a hole

- Donors press Congo over $9bn China deal
China’s biggest investment in Africa under pressure

- KIA rethink on Dow Chemical deal
Kuwaitis to back Rohm & Haas move

- Bullion sales hit record in rush to safety
Investors are buying record amounts of gold

- Randgold upbeat on cost outlook
Mining costs are likely to fall

- Anglo Platinum scraps final dividend
Group plans 10,000 job cuts

- Markey pushes climate change legislation
Pressure to rise ahead of Copenhagen summit

- The super-cycle isn’t over yet
Francisco Blanch, head of commodities at BoA, on the credit crisis

Repsol says plans €1.5bn in cost-savings (Reuters)

British Energy to return reactors to service (Reuters)

Rio Tinto in asset sale talks with Chinalco

Survey sparks EU probe into power market

Carbon price fall bad for green investment

Tide on the rise for wave generation

Editorial: By leaving markets, food importers make things worse

Australia’s Origin Q2 output rises, sales slip (Reuters)

China energy firms aim to boost northwest output (Reuters)

EDF wins French approval to develop nuclear reactor (Bloomberg)

$515bn needed to boost clean energy (WEF Report)

In the FT and this morning:

- Investor fury over Xstrata cash call

- Rio Tinto to sell assets to Vale for $1.6bn

- Shell’s fourth-quarter profits tumble

- Centrica looks to US in quest for further acquisitions

- Europe could spark off US energy deals

- Eaga increases interim dividend

- Oil companies’ shares rise after Fed lowers rates to near zero (AP/Forbes)

- Russia may cut oil production by 400,000 barrels a day: Kuwait’s oil minister (Bloomberg)

- Tom Vilsack, tipped to be the next US agriculture secretary, need to act quickly on bills related to farm subsidies and lower crop prices, commodities analysts said (Bloomberg)

- Ken Salazar, set to head the US interior department, can expect to face big drilling issues (WSJ)

- Ecuador’s prosecutor general removed himself from a case against two Chevron attorneys (CNN)

- Australian court blocks Xstrata mine expansion (Reuters)

- Saudi Arabia called for the biggest production cut in the history of the Opec oil cartel in an effort to counter collapsing oil prices

- General Electric delivered a sober outlook for 2009, leaving little doubt profits would fall

- Obama’s appointment of Steven Chu as US energy secretary has been welcomed by scientists and climate change campaigners

- Italian police arrested three Total employees in a corruption probe involving an oil concession

- Heat rises in Russia-Ukraine gas talks for the fourth consecutive year

- Buffett could bow out of the battle for Constellation Energy after his utility group said it would not try to outbid EDF

- Iraq signs $3bn power deal with GE to more than double its electricity generation capacity

- Falling oil price threatens bid to diversify Gulf economies

- Aluminium prices sank to a five-year low amid falling demand fear

- UK business ‘woefully served’ by power groups