Energy Update
MILAN, Jan 9 (Reuters) - Russia looks set to grab more
market share in Europe's natural gas sector in the first half of
this year after gaining ground in 2016 despite EU efforts to
diversify away from Moscow's energy exports and a global glut of
liquefied natural gas.
BELFAST, Jan 9 (Reuters) - Northern Ireland Deputy First
Minister McGuinness will resign from his post in protest against
his power-sharing government partners' handling of a
controversial energy scheme, McGuinness said on Monday.
The San Diego County Water Authority and the City of San Diego said Jan. 6 that they have taken a step toward the possibility of helping the region meet its future energy needs through a new pumped storage opportunity at the San Vicente Reservoir site.
The Public Utility Commission of Oregon has released guidelines for Oregon’s utilities to use when submitting proposals that will meet the state’s energy storage requirements under a 2015 energy law.
The U.S. Department of Energy’s Office of Fossil Energy (OFE) last week said that a group of National Energy Technology Laboratory (NETL) researchers is working to find ways to effectively use renewable energy resources in combination with fossil energy fuels.
Microgrid opportunity grew in 2016 and next year looks even better. But government policy isn’t keeping up with grassroots demand, said Randy Grass vice president at POWER Engineers.
LONDON, Jan 9 (Reuters) - Britain's blue-chip index hit a
new record high on Monday, supported by sterling's weakness on
'hard Brexit' concerns, as miners continued to lead sectoral
gains.
MOSCOW, Jan 9 (Reuters) - Russia cut its oil production in
early January by around 100,000 barrels per day (bpd) from the
previous month after an agreement with OPEC to cap global crude
output, two sources from the energy sector told Reuters on
Monday.
SYDNEY, Jan 9 (Reuters) - Australia has forecast a steep
decline in the price of iron ore, its most valuable export
commodity, calling an end to an unexpected rally fuelled by
strong demand from China.
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