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Duke Energy Near Deal for Progress Energy: Sources

Duke Energy Near Deal for Progress Energy: Sources

Duke Energy Corp is near $13 billion-plus deal to buy Progress Energy Inc, a move that would create the largest U.S. power company, sources familiar with the matter said.

China Plans Massive Investment In North Korea

China Plans Massive Investment In North Korea

A Chinese state company plans to inject about $2 billion into a project to build up a North Korean free trade zone into a regional export base, a report in South Korea said Friday.

Japan Traders Eye Giant Russia LNG Project

Japan Traders Eye Giant Russia LNG Project

Japanese trading houses Mitsui & Co. (8031.TO) and Mitsubishi Corp. (8058.TO) are looking to take stakes in what would be Russia's largest natural gas project, planned for Siberia's remote Yamal Peninsula, a report said Thursday.

Turkey In Talks With France On Nuclear Plant - Report

Turkey In Talks With France On Nuclear Plant - Report

Turkey is in preliminary talks with France for the construction of a nuclear power plant but Japan has the priority, Anatolia news agency quoted Turkey's energy minister as saying Friday.

BG: Oil Output Capacity At Brazil Fields 1.8M B/D By 17

BG: Oil Output Capacity At Brazil Fields 1.8M B/D By '17

BG Group PLC (BG.LN) and its partners in oil discoveries off the coast of Brazil said Friday that they have ordered two additional oil production vessels that will lift capacity in the area to 1.84 million barrels a day by 2017.

Brazil Set To Approve This Year Plans For Four Nuclear Plants

Brazil Set To Approve This Year Plans For Four Nuclear Plants

Brazil will likely approve plans to build four new nuclear plants this year as well as defining rules for the renewal of operating licenses for hydroelectric plants that start expiring in 2015, the country's Mines and Energy Minister said Friday.

CEZ Buys Four Hydropower Units in Romania

CEZ Buys Four Hydropower Units in Romania

Czech power group CEZ (CEZPsp.PR) said on Thursday it had finalised the purchase of 100 percent in Romania's TMK Hydroenergy Power, which runs four hydropower plants with installed output of 18 megawatts. Financial details will not be disclosed, CEZ said in a statement.

Commission Urges Concrete Progress on Energy Efficiency

Commission Urges Concrete Progress on Energy Efficiency

The European Commission signalled yesterday (5 January) that it would press member states hard to deliver "concrete steps" towards the EU's goal of a 20% improvement in energy efficiency by 2020.

China To Start Construction On 270 GW Thermal Power Plants -Xinhua

China To Start Construction On 270 GW Thermal Power Plants -Xinhua

China will start construction on thermal power plants of 260-270 gigawatts capacity between 2011 and 2015 to meet the nation's demand, state-controlled Xinhua news agency reported Thursday, citing a national energy meeting.

Qatar Oil Min:No OPEC Emergency Mtg Unless Supply Shortages

Qatar Oil Min:No OPEC Emergency Mtg Unless Supply Shortages

The Organization of Petroleum Exporting Countries will only call an emergency meeting if there is a shortage of supply in the oil markets, Qatar's oil minister Abdullah Al Attiyah said Thursday.

OMV Buys Two Exploration, Production Units For Around $866M

OMV Buys Two Exploration, Production Units For Around $866M

Austrian oil and gas company OMV AG (OMV.VI) said Thursday it has acquired two Tunisian exploration and production units from U.S.-based peer Pioneer Natural Resources Co. (PXD) for around $866 million, in step with its strategy to create growth potential in these operations.

Iraq Plans Exploration Licensing Round

Iraq Plans Exploration Licensing Round

Iraq plans to invite international oil and gas companies to compete for 12 exploration blocks later this year, the director of Iraq's petroleum contracts and licensing department Abdul Mahdi al-Ameedi told Argus today.