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UPDATE 1-GE unlikely to gain unconditional approval for Alstom deal -sources

BRUSSELS, May 11 (Reuters) - General Electric is unlikely to gain unconditional European Union clearance for its 12.4 billion euro ($13.85 billion) bid for Alstom's power equipment business, two sources familiar with the matter said on Monday.

REUTERS BUSINESS NEWS SCHEDULE AT 1500 GMT/11 AM ET

At least half a dozen U.S.-focused energy firms say they will pump more oil and gas this year than initially expected, adding to a sense that eager drillers are quickly pivoting from months of retrenchment toward renewed growth. (USA-OIL/PRODUCTION (ANALYSIS), moved, By Jonathan Leff, 721 words)

The Fantasy of Electric Rates: Time to Educate Ratepayers

Many electric utilities are flexing their political muscles against solar net metering and state renewable portfolio standards (RPS). Their main issue is that other consumers are subsidizing solar (and renewables), particularly pointing to lower-income consumers. I have already written about the numerous studies that disprove those allegations, but that is not what this article is about.

Wary of disorder in Libya and Mali, Algerian army targets southern smuggling

ALGIERS, May (Reuters) - Fearing armed chaos in neighbouring Libya and renewed conflict in Mali, Algeria's army is shifting focus from fighting Islamist militants at home to the Sahel border smuggling that feeds them in the region.

A Solution to Intermittent Renewables Using Pumped Hydropower

Integrating large quantities of renewable generation with low-carbon technology will require the development of large flexible carbon-free generation and storage assets. Over the last 40 years, numerous large capacity pumped-storage hydropower plants (PSPs) have been built worldwide, many of which could be retrofitted to provide grid-balancing services that the grid of the future will need.

UPDATE 2-Ghana and Ivory Coast clinch deal on maritime dispute - Annan

GENEVA/ABIDJAN, May 11 (Reuters) - The presidents of Ivory Coast and Ghana reached a deal on Monday in talks on a maritime border dispute that had frozen new oil drilling in a contested area, mediator Kofi Annan told Reuters.

OPEC expects oil prices to be about $76 a barrel in 2025 - WSJ

May 11 (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) expects oil prices to be about $76 a barrel in 2025 in its most optimistic scenario, the Wall Street Journal reported, citing a draft of the cartel's latest strategy report.

Ghana, Ivory Coast presidents resolve maritime dispute - Annan

GENEVA, May 11 (Reuters) - The presidents of Ghana and Ivory Coast have resolved a maritime dispute at talks in Geneva, former U.N. Secretary General Kofi Annan, who is chairing the negotiations, said on Monday.

COLUMN-Oil rallies as hedge funds are caught short: Kemp

LONDON, May 11 (Reuters) - Oil's sharp rally since the middle of March has been driven by a race among bearish hedge funds to cover loss-making short positions rather than any great bullishness about the outlook.

UPDATE 1-China crude imports to pick up as storage, buyers emerge

SINGAPORE, May 11 (Reuters) - China's appetite for crude oil is expected to pick up later this year as storage comes online and new buyers emerge, even after its inbound shipments surpassed United States imports last month for the first time, analysts and traders say.

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