Energy Update
Jan 12 (Reuters) - Britain's National Grid will
escape with an arms-length separation of its two main businesses
rather than a formal break-up under proposals by energy
regulator Ofgem to ensure the group avoids conflicts of
interest.
It would have been the first 100 percent community-owned renewable power project in North America. Located just south of Swift Current, Sask., the $90-million project would have generated 35 megawatts of electricity from wind turbines and solar panels with electricity sold to the provincial utility, SaskPower.
On Friday, January 6, the Obama Administration released the second installment of the interagency Quadrennial Energy Review (QER 1.2), “Transforming the Nation’s Electricity System”.
Spainish utility Enel yesterday said it has acquired Liberty Lake, Wash.-based energy storage software firm Demand Energy.
LONDON, Jan 12 (Reuters) - North Sea-focused oil producer
Premier Oil said full-year revenue slipped 10 percent
year-on-year in preliminary results, despite production levels
hitting an improved target.
BEIJING, Jan 12 (Reuters) - China's total refining capacity
will increase 4.6 percent to 790 million tonnes in 2017 and net
crude oil imports will rise 5.3 percent to 396 million tonnes,
state-owned China National Petroleum Corporation (CNPC)
forecast on Thursday.
(Thu, 12 Jan 2017) The U.S. Energy Information Administrationâs January <em>Short-Term Energy Outlook</em> (STEO) forecasts benchmark North Sea Brent and West Texas Intermediate (WTI) crude oil prices to average $53 per barrel (b) and $52/b, respectively, in 2017, close to their levels during the last three weeks of 2016. These prices are expected to rise to $56/b and $55/b, respectively, in 2018.
SHANGHAI, Jan 12 (Reuters) - China Construction Bank (CCB)
has signed 35 billion yuan ($5.06 billion)
worth of debt-for-equity swap framework agreements with three
state-owned enterprises in the central province of Henan, a
newspaper linked to the local government reported on Thursday.
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