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Duke Energy gives up on new nuclear

Bloomberg Duke Energy Corp., one of the largest US utility owners, is giving up on building new nuclear plants. For the first time since 2005, the company didn’t include the prospect of adding more reactors to its fleet in long-term plans filed with state regulators. The move comes about a year after Duke cancelled plans to build a nuclear plant ...

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Equatorial Guinea may end oil-service contract

Bloomberg Equatorial Guinea may exclude oil-service companies TechnipFMC Plc, Subsea 7 SA and Schlumberger Ltd. from the country because they aren’t complying with local-content rules over training and jobs, said a government official. Major oil companies could be asked by the end of September to cancel their contracts with those service providers and issue new tenders, the official said, asking ...

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I Squared explores sale of Viridian

Bloomberg I Squared Capital, the private equity firm led by former Morgan Stanley executives, is considering a sale of Irish power producer Viridian Group Holdings Ltd., people with knowledge of the matter said. The infrastructure-focussed investment firm is sounding out potential buyers to gauge their interest in Viridian, said the people, who asked not to be identified as the information ...

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