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Deals of the day-Mergers and acquisitions

June 30 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** Shell SHEL.L said on Thursday it had suspended plans to sell its onshore oil assets in Nigeria, complying with a Supreme Court ruling that said it had to wait for the outcome of an appeal over a 2019 oil spill. ** Novartis NOVN.S prefers a spinoff of its generic drug unit over a potential sale to private equity firms, Bloomberg News reported on Thursday, citing people familiar wi

Sydney residents told to cut power use to help avoid blackouts

* Power spot market remains suspended * AGL, EnergyAustralia coal units restart * Power capacity reserves improving, operator says (Recasts and writes through) By Sonali Paul MELBOURNE, June 16 (Reuters) - Sydney residents were urged on Thursday to conserve power in the evening as much as possible to avert blackouts, one day after Australia suspended its spot electricity market due to unscheduled outages at ageing coal-fired utilities.

Australian power market tight despite suspension of spot trading, operator says

SYDNEY, June 15 (Reuters) - The Australian power market is staying tight even after the suspension of spot trading of electricity in a bid to ease a power crisis, the chief executive of the Australian Energy Market Operator (AEMO) said on Wednesday. Daniel Westerman's comments followed the operator's extraordinary step in suspending the electricity spot market across eastern Australia.

Australia power market halted in dramatic move to avert blackouts

* Market operator to set power prices * Supply, demand balance remains tight * Generators held back 5 GW of supply till ordered * High coal, gas prices hit generator profits By Sonali Paul MELBOURNE, June 15 (Reuters) - Australia's energy market operator took the unprecedented step on Wednesday of suspending the electricity spot market across eastern Australia to ensure it can keep the lights on, amid a string of outages at coal-fired plants.

India and Australia's AGL are different sides of the same coal coin: Russell

By Clyde Russell LAUNCESTON, Australia, May 30 (Reuters) - Two seemingly unrelated events have shown how the world's path to de-carbonisation is likely to be uneven and vastly different in developed and developing countries. Australia's largest power producer pulled the plug on Monday on plans to split itself into a largely coal-fired generation company and a retail electricity company.


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