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OSLO, Dec 18 (Reuters) - Norwegian-born billionaire John Fredriksen has set up a company to snap up oil rigs from firms struggling with low crude prices, adopting a similar approach to the one he used in 2012 when the tanker market collapsed.

ISTANBUL/JERUSALEM, Dec 18 (Reuters) - Shares in Turkey's Zorlu Energy, which is involved in energy projects in Israel, surged as much as 10 percent on Friday after an Israeli official said a preliminary deal had been reached with Turkey to normalise relations.

LONDON, Dec 18 (Reuters) - BG Group and Energy Transfer Partners have gained approval from the U.S.

BRASILIA, Dec 18 (Reuters) - Brazilian President Dilma Rousseff plans to issue a decree on Friday to speed up a process allowing construction companies involved in a major corruption scandal to regain the right to receive government money, two sources told Reuters.

* Within OPEC, Iraq overtakes Kuwait to be No.3 supplier in Asia

This year we are seeing the return to normalcy regarding propane pricing, says Ben Gonzalez.

TAPS operators are taking new steps to keep North Slope crude oil warm enough to flow through the 800-mile pipeline during cold months of the Alaskan winter.

(Fri, 18 Dec 2015) The U.S. Energy Information Administration (EIA) redesigned the weekly Coal Production report and combined two price reports into a single Coal Markets product to improve access to EIA's coal data. Users can now access weekly coal production and prices and new monthly export data from a single place.

* Cooling Chinese economy, strong climate policies hit coal demand

RIO DE JANEIRO, Dec 17 (Reuters) - Brazilian prosecutors on Thursday charged 12 people with a bribery scheme involving Dutch firm SBM Offshore NV, the world's top leaser of oil production ships, and state-run oil company Petroleo Brasileiro SA.

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