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Global Energy and Climate 2011 Headlines

More focused M&A seen as oil majors plug gaps

Strategic, focused M&A activity is set to rise as oil majors seek to plug gaps in their portfolios, said leading investment bankers and fund managers attending a Reuters summit this week.

Supply worries to keep oil above $100

Oil prices will stay above $100 a barrel in the next year as supply worries outweigh concerns about flagging global economic growth, a Reuters survey of oil industry officials, executives and traders showed.

Mercuria, investing upstream, mulls SWF link

Mercuria, one of the world's biggest independent energy trading companies, said on Thursday it was considering a range of ways of raising capital, including a possible tie-up with a sovereign wealth fund.

Duke sees danger if U.S. hooked on natgas

The rush to natural gas in the United States could lead the country to become too dependent on a single fuel source for its power and risk making it dependent on foreign suppliers in the coming decades, Duke Energy chief Jim Rogers warned on Wednesday.

India's Moser Baer: solar mainstay for growth

Moser Baer India expects its solar power business to generate about two-thirds of its total sales in the next two to three years, its founder and chairman said, as it seeks to tap the country's estimated $70 billion solar power market.

Duke sees danger if US hooked on natgas

The rush to natural gas in the United States could lead the country to become too dependent on a single fuel source for its power and risk making it dependent on foreign suppliers in the coming decades, Duke Energy chief Jim Rogers warned on Wednesday.

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