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An aerial overview of the Peabody Energy

Bankruptcy Looms Over Peabody Energy, Files Chapter 11 Sooner or Later

Peabody is facing difficulties as it shares declined sharply the past year. It is considering to file Chapter 11 sooner or later to protect it from creditors while restructuring the company and recovers from the large loss.

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BRITAIN-SCOTLAND-ENERGY-OIL-ABERDEEN

George Osborne's £1bln budget boost for North Sea

Chancellor George Osborne has announced a £1-billion rescue package for trouble-hit North Sea oil industry. The government is also extending £730 million support for renewable electricity.

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Pumpjacks Pumping Oil

Pacific Exploration Corp explores 6 buyout offers

Pacific Exploration & Production Corp is actively examining six buyout offers. The Canada-listed company is in the process of avoiding bankruptcy. The company's board is likely to take its final decision by this weekend.

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Acciona SA To Ramp Up South Africa Business After Solar Success

Solar Power, South Africa's Answer to Energy Crisis

South Africa's energy crisis will now be answered by the launching of the largest solar farm built in Northen Cape. It could generate power that could supply electricity from renewable energy to 75,000 households yearly.

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Houston Mayor Sylvester Turner Interview

Moody's cuts Houston's $3-bln debt to Aa3 after oil price drop

Citing drop in revenues, Moody's Investors Service has lowered Houston's $3 billion of general obligation debt by one level to Aa4. Lower oil prices and restrictions on raising taxes are keeping further pressure on Houston's economy.

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Massive Solar Electricity Plant Provides Power To California Homes

Ivanpah Solar Plant possible shutdown; The $2.2 bln power plant in Mojave performs lower than expected

Federally backed $2.2 billion solar plant in California may be forced to close. The solar plant failed to supply electricity to Pacific Gas and Electric Co as promised.

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Traders On Chicago Mercantile Exchange React To Global Market Slide

Energy stocks hurt by oil price slump

Wall Street faced slight losses in the stock market on Monday as the drop in oil price burdened energy stocks. Investors are shying away from these energy stocks owing to the fall in crude prices.

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Electricite De France (EDF) SA's Dungeness B Nuclear Power Station

EDF Demand Help from French Government in Nuclear Power Plant Project

French energy company Electricité de France SA asked for financial support from French government. The company is facing problem in a £18 billion ($25 billion) nuclear power plant project in Sommerset, England.

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Residential Solar Panel Installation Ahead Of SolarCity Corp. Earnings Figures

Despite Plunging Shares, SolarCity Corp Raised Money in Bond Market

Solar panel provider SolarCity has sold $235 million in asset-backed securities (ABS) market this year. The number is a record high despite a steep drop of the company's shares in stock market.

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OPEC Ministers Attend Conference In Iran

Oil prices retreat as Iran refuses to freeze output

Oil prices might have propelled above $40 a barrel level in the past week as Iran was expected to join other producers to freeze its oil output. However, Iran wants to help its ailing economy, regardless of the oversupply.

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No Bust Seen As Dakota Oil Firms Keep Staff Amid Price Drop

US oil, natural gas drilling dropped lowest since 1940

The US drilling activity for oil and natural gas declined to record low since 1940 in the wake of weaker oil prices in the global markets. Oil firms are also reducing their spending budgets this year owing to adverse conditions in the markets

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China Emissions

Economy slowdown not to deter China's efforts on anti-pollution

China has decided to implement its stringent anti-pollution efforts despite slowing down of economy. China is propelling up economy growth without compromising on environment protection.

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Company Signs

Whole Foods to get rooftop solar; deals with SolarCity, NRG

Whole Foods Market Inc has entered into separate agreements with SolarCity Corp and NRG Energy Inc for installation of solar panels on rooftop of retail outlets. The installation works on solar panels at retail outlets are likely to commence in spring. Expected potential for solar power generation may be 13.8MW.

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Gas Prices In GTA

Exxon's Canadian unit offloads gas stations for $2.1 bln

Exxon Mobil Corp's Canadian unit is selling its retail gas stations in the country to five fuel distributors for C$2.8 billion ($2.1 billion). The transaction is expected to be completed by end of 2016 subject to the regulatory approvals.

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Exxon Plans To Get Out Of Retail Gas Station Business

Imperial Oil to sell Esso brand gas stations to Canadian distributors

Imperial Oil has entered into an agreement to sell its 497 Esso retail fuel stations for about C$2.8 billion. This transaction reflects the company's aim to widen its refining and oil sands businesses.

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