Energy Update

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BERLIN, May 18 (Reuters) - Germany plans to force coal-fired power plant operators to reduce their CO2 emissions by 2020 by less than previously planned, according to an economy ministry document seen by Reuters on Monday, bowing to opposition from within the industry.

JUBA, May 18 (Reuters) - South Sudanese rebels killed "many" government soldiers in three days of fighting in Malakal, the capital of oil-producing Upper Nile State, a rebel military spokesman said on Monday.

* Has hedged on oil price to protect cash flow (Recasts with comments on Libya, Yemen)

DUBAI, May 18 (Reuters) - Two Iranian warships have begun escorting the Yemen-bound Iran Shahed cargo ship in the Gulf of Aden, the vessel's captain said in remarks published by Iran's Tasnim news agency on Monday.

BEIJING, May 18 (Reuters) - The approval process for China's ambitious nuclear reactor building plans is now back to normal after a four-year interruption, giving Beijing a fighting chance to meet its 2020 capacity targets, an industry official told reporters on Monday.

JAKARTA, May 18 (Reuters) - Pertamina is bidding for a majority stake in a refinery in Southeast Asia, the firm's refineries director said on Monday, as the state energy company moves to increase domestic fuel supply and reduce costs.

* Islamic State militia takes control of Iraqi city of Ramadi

* Company worth 30 pct less than highest hopes (Recasts, updates valuation, adds analyst quote)

MELBOURNE, May 18 (Reuters) - BHP Billiton Ltd is looking to take advantage of a slump in oil prices to pick up assets where it can use its deepwater drilling expertise to boost growth as it slows expansion in onshore shale, its petroleum head said.

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