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France's Areva Opens Possibility of Minority Stake Buy by China's CNNC
Nov 4, 2015Areva and China National Nuclear Corp, or CNNC, signed a memorandum of understanding in Beijing Monday involving the "possible" acquisition of a minority stake by CNNC in the French nuclear company's capital, Areva said in a statement. ...
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Entergy to Shut 849 MW Fitzpatrick Nuclear Power Plant as Soon as 2017
Nov 4, 2015The 849 MW FitzPatrick nuclear power plant in Scriba, New York, will be shut permanently by late 2016 or early 2017, due to "the continued deteriorating economics of the facility," Entergy said Monday in a statement. The unit is licensed to ...
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EU Forward Power Capacity Rules Get Key Approval: Entso-E
Nov 4, 2015Draft EU rules on allocating forward electricity capacity have received a key approval from an EU committee of national government officials, formal EU power grid operators' body Entso-e said late Monday. "Clear rules on long-term trading ...
Tags: cross-border trading, third energy, electricity markets
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Duke Energy Indiana Defers Coal Deliveries as Seeks to Cut Stockpiles
Nov 4, 2015Duke Energy Indiana has deferred into 2016 some coal contracted for delivery this year as it seeks to cut down on a stockpile that at one point approached 5 million st or 80 days of supply, a company official said in a filing to the state's ...
Tags: Duke Energy, coal, fuel
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Tablet Shipments Decline 18% on Year in 3Q15
Nov 4, 2015Worldwide tablet shipments reached only 50.64 million units in the third quarter, up 9% from the second quarter, but still down sharply by 18% on year, despite the fact that Europe and US retailers were aggressively preparing for the ...
Tags: tablet shipments, tablet
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Xcel Says It Can Cut Carbon Emissions 60% by 2030 Without Big Jump in Rates
Nov 4, 2015Xcel Energy is confident it can cut carbon emissions by 60% by 2030 from 2005 levels at a negligible cost to customers, mainly by building two new natural gas plants, adding more than 2,000 MW of renewables and keeping its nuclear plants ...
Tags: Xcel Energy, Carbon Emissions, natural gas
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Inside FERC November US Natural Gas Average Falls 32 Cents to $2.06/MmBtu
Nov 4, 2015The November bidweek national average price tumbled 32 cents to average $2.06/MMBtu as points outside of the Northeast moved lower, Inside FERC's Gas Market Report said Monday. The November bidweek price at the benchmark Henry Hub dropped ...
Tags: Natural Gas, price
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Indonesia Invites Bids to Develop Three Onshore Shale Gas Blocks
Nov 4, 2015The Indonesian government has invited bids for three shale gas blocks -- Blora, onshore Central and East Java; Batu Ampar in East Kalimantan; and Central Bangkanai, onshore Central and East Kalimantan -- according to a statement on the ...
Tags: shale gas Blocks, Blora, natural gas
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Shell Creates Standalone Gas Division, Sees More BG Deal Synergies
Nov 4, 2015Shell is to operate a standalone integrated gas division from the start of 2016 -- given the business's increasing importance to the overall group -- in a move that will also help Shell to integrate BG Group which it agreed to buy in April ...
Tags: Shell, Integrated gas, BG
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Texas Railroad Commission Says Injection Wells Not to Blame for Series of Quakes
Nov 4, 2015The three-member Texas Railroad Commission on Tuesday accepted the findings of the commission staff that two oil and gas wastewater disposal wells were not the likely cause of a series of earthquakes that shook parts of North Texas in late ...
Tags: Injection Wells, earthquakes, Shale gas
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Chevron Lowers 2017 Production Target Slightly, Cuts Capital Spending 25% for 2016
Nov 4, 2015Chevron on Friday revised slightly lower an earlier future production target due to prolonged but uncertain lower oil prices, while at the same slashing its capital spending for 2016 by 25% compared to this year. The company now sees ...
Tags: Chevron, oil prices, shale oil
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Noble Energy's Key Gulf of Mexico Fields Come Online, Quick Ramp-UPS Eyed: CEO
Nov 4, 2015Noble Energy's two long-awaited deepwater Gulf of Mexico fields came on stream ahead of schedule in late October and should reach peak in the next couple of weeks, the company's CEO said Monday. The Dantzler and Big Bend fields, in water ...
Tags: Noble Energy, Crude, sales volumes
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Sinopec, Petrochina Cut Domestic Oil Product Sales, Boost Exports
Nov 4, 2015China's state-owned oil giants Sinopec and PetroChina reported a modest 1.73 million mt or 0.7% increase in their domestic oil products sales in the first nine months of 2015, but exports rose by 2.59 million mt or 12% in the same period, ...
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Dated Brent at Nine-Week Low Amid Weak Refining Margins and Cheap Urals
Nov 4, 2015Dated Brent has fallen to a nine-week low, with uncommitted November Brent and Forties cargoes weighing on values amid weak local refinery uptake of the grade, sources said. Dated Brent fell to Forward Dated Brent minus 51 cents/b Monday, ...
Tags: Dated Brent, refiners, crudes
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Obama Administration to Continue Keystone Xl Review, Despite Suspension Request
Nov 4, 2015The Obama administration on Tuesday said it will continue to process TransCanada's application for a permit to build the Keystone XL pipeline, even as it considers the company's request to suspend the review. "We would like to finish this ...
Tags: Obama, Keystone XL pipeline, crude
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