Energy Update
MEXICO CITY, Jan 12 (Reuters) - An accident at the Ciudad
Madero refinery of Mexican state-owned oil firm Pemex killed one
worker on Thursday, but the incident will not affect production,
a company spokesperson said.
“What happened to oil in the late 1970s?” was a question assigned to me in elementary school to discuss with family over the Christmas holiday break. At the time, this question seemed innocent enough, and I didn’t know how my family would react about what I soon learned to be two oil embargos.
NEW YORK, Jan 12 (Reuters) - The U.S. government on Thursday
said that ethanol is better for the environment than previously
expected in a report boosting the country's biggest biofuel a
week ahead of a new administration that has some in the industry
concerned.
ABUJA, Jan 12 (Reuters) - Nigeria's state oil company has
proposed legal amendments aimed at enabling the government to
increase royalties and other revenues from deepwater oil
production.
Jan 12 (Reuters) - New York Governor Andrew Cuomo this week
proposed to develop up to 2,400 megawatts (MW) of offshore wind
power by 2030 capable of powering 1.25 million homes as the
state seeks to lead the nation in renewable energy production.
SAO PAULO, Jan 12 (Reuters) - Brazilian prosecutors on
Thursday filed corruption charges against Decal do Brasil
co-founder Mariano Marcondes Ferraz accusing him of bribing a
former executive at state-run oil company Petrobras to win
contracts for Ferraz's own firm.
Americans like solar. Study after study has shown that the American public supports solar and wants the country to use more of it. Corporations like solar, too. When a company signs a solar PPA, it in effect locks in lower electricity prices for a fixed timeframe, which is music to the ears of the Chief Financial Officer. The fact that that energy is clean and renewable is music to the ears of the Chief Marketing Officer or Chief Sustainability Officer. All good, right?
BAKU, Jan 12 (Reuters) - Azerbaijan has dropped an exchange
rate corridor and let the country's manat currency float freely,
the central bank said on Thursday, in a move to save state
reserves from depleting.
WASHINGTON, Jan 12 (Reuters) - The Obama administration on
Thursday launched a new complaint against Chinese aluminum
subsidies at the World Trade Organization, accusing Beijing of
artificially expanding its global market share through cheap
state-directed loans and subsidized energy.
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