Energy Update
(Tue, 10 Jan 2017) Once final data are in, EIA expects 24 gigawatts (GW) of new generating capacity to be added to the power grid during 2016. For the third consecutive year, more than half of these additions are renewable technologies, especially wind and solar.
CALGARY, Alberta, Jan 9 (Reuters) - A Native American tribe
in Wisconsin has voted against renewing agreements allowing
Enbridge Inc to use their land for a major crude oil
pipeline, the latest sign of increasing opposition to North
American energy infrastructure.
SINGAPORE, Jan 10 (Reuters) - Oil markets opened on Tuesday
torn between production cuts by major exporters Saudi Arabia and
Russia and reports showing that supplies from other regions
including North America, Iraq, and Iran could offset any
restraint aimed at curbing a global glut.
Gazprom Neft subsidiary Gazpromneft-Yamal has announced plans to begin pilot operations at the Severo-Samburgskoye field, located in the Purovsky district in the Yamalo-Nenets Autonomous Okrug, in 2017.
Veolia and its partner Peterson will dismantle and recycle offshore oil platforms at the end of their operational life at their Great Yarmouth site in England.
HOUSTON, Jan 9 (Reuters) - The U.S. Department of Energy on
Monday issued a Notice of Sale for crude from its Strategic
Petroleum Reserve, with bids for 8 million barrels of light,
sweet oil due by Jan. 17.
LIMA, Jan 9 (Reuters) - Peru would withhold any money
Brazil's Odebrecht SA might make by selling its 55 percent stake
in a natural gas pipeline project while prosecutors probe bribes
the company has admitted to distributing in the Andean country,
the government said Monday.
Jan 10 (Reuters) - Australian shares are likely to open
lower on Tuesday, snapping five days of gains, with oil and gas
producers likely to come under pressure following a 4 percent
drop in oil prices.
Oil prices fell on Monday on fears that record Iraqi crude
exports and growing U.S. output could undermine OPEC's efforts
to reduce supply.
The local share price index futures fell 0.4
As 2017 begins, China is poised to leap ahead of the U.S. on clean energy to become the most important player in the global market. Last year, China increased its foreign investment in renewables by 60 percent to reach a record $32 billion...
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