Energy Update
Spain’s government has announced it will launch a technology neutral auction for 3 GW of renewable energy capacity at the start of this year. The announcement came from energy minister Alvaro Nadal on Dec. 14 as he spoke to the nation’s parliament.
With the possibility of greater gasoline exports, the US market may become more dependent on imports to make up the shortfall.
I try, often as not, to refrain from raising problems without suggesting something by way of useful answers. There are those times, of course, when anything approximating an upbeat response is simply beyond the ken or need wait for events to catch up.
It seems counterintuitive, doesn’t it? If utilities are in the business of selling kilowatt-hours, then why would it make sense for them to help customers produce enough of their own kilowatt-hours that they don’t need to buy them from the utility anymore?
LUSAKA, Jan 4 (Reuters) - Zambian workers have downed tools
at a mine and copper processing plant belonging to Konkola
Copper Mines (KCM), a unit of Vedanta Resources, in a
dispute over the pace of wage talks, a union official said on
Wednesday.
TORONTO, Jan 4 (Reuters) - Canada's main stock index rose to
a fresh 20-month high on Wednesday as financial and industrial
shares led a broad-based rally and Encana Corp jumped
on an improved outlook.
BEIRUT, Jan 4 (Reuters) - Lebanon's new government on
Wednesday passed two decrees concerning oil and gas exploration
blocks, meaning a tender process for offshore reserves, stalled
since 2013, can begin.
TORONTO, Jan 4 (Reuters) - Canada's main stock index opened
higher on Wednesday, a day after hitting a 20-month high, as
industrial and materials stocks gained and Encana Corp
jumped on an upward revision to its margin forecast.
DUBAI, Jan 4 (Reuters) - Arab separatist militants in Iran
said on Tuesday they had blown up two oil pipelines in
coordinated attacks in the western Khuzestan region two days
earlier, though this was subsequently denied by Iran's Interior
Ministry.
Jan 4 (Reuters) - Canadian oil and natural gas producer
Encana Corp said on Wednesday it expects its margins in
2017 to exceed its previous target on lower costs and an
expected rise in output in the second half of this year.
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