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German legal experts say coal reserve plan may break EU rules

BERLIN, Aug 13 (Reuters) - Germany's plans to pay companies to shift power capacity to a coal-fired reserve from 2017 may well breach EU rules, legal experts at the German parliament have found, a document seen by Reuters on Thursday showed.

Swiss firms may get eventual boost from Iran sanctions move

ZURICH, Aug 13 (Reuters) - Switzerland's lifting of some economic sanctions against Iran on Thursday should allow Swiss-based companies to take advantage if the U.S. and European Union eliminate their own trade curbs.

Yuan devaluation could trigger coal exports by world's biggest buyer

LONDON, Aug 13 (Reuters) - China's devaluation of the yuan may hit already oversupplied world commodity markets, as the surprise move increases the chances that the world's biggest coal importer will become a net exporter.

UPDATE 2-El Nino more likely to last into N. Hemisphere spring -U.S. forecaster

NEW YORK, Aug 13 (Reuters) - A U.S. government weather forecaster on Thursday raised the likelihood that El Nino conditions would last into the Northern Hemisphere's early spring to 85 percent, up from 80 percent in the prior month's forecast.

UPDATE 1-Hercules Offshore files for bankruptcy protection

Aug 13 (Reuters) - Drilling contractor Hercules Offshore Inc said it filed for Chapter 11 bankruptcy as demand from oil and gas producers and explorers drops due to weak prices.

CPC raises chances El Nino lasts into N. Hemisphere spring 2016

NEW YORK, Aug 13 (Reuters) - A U.S.

Suntech Parent Company Buys Majority Share of US-based Suniva

Shunfeng International Clean Energy Ltd., the Hong Kong-based solar company controlled by billionaire Zheng Jianming, agreed to acquire a majority share of U.S. solar manufacturer Suniva for $57.8 million.
Shunfeng intends to integrate Suniva’s high-efficiency products into its own and expand into the U.S. market, the Changzhou, China-based company said Thursday in a statement announcing the deal.

COLUMN-Oil market adjustment is about more than just shale: Kemp

LONDON, Aug 13 (Reuters) - U.S. shale oil production amounted to just 5 million barrels per day (bpd) at the end of 2014, less than 6 percent of world production and consumption.

Hercules Offshore files for bankruptcy protection

Aug 13 (Reuters) - Oil and gas drilling contractor Hercules Offshore Inc filed for Chapter 11 bankruptcy on Thursday, hurt by falling demand as producers and explorers cut spending.

African utilities say end to power cuts a decade away

JOHANNESBURG, Aug 13 (Reuters) - Power cuts in 15 Sub-Saharan African countries could become an "exception" rather than a norm in 10 years time, with private capital expected to play an increasingly bigger role, PricewaterhouseCoopers (PwC) said in a survey on Thursday.

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