Energy Update
Shares in Drax Group Plc surged to the highest since July after the European Union approved a U.K. government subsidy to support the conversion of one of its coal-fired units to biomass.
Chevron on Dec. 23 said that its wholly owned subsidiaries have agreed to sell Chevron’s Indonesian and Philippines geothermal assets to Star Energy Consortium.
I don’t doubt the nation’s transition to a clean energy economy will continue after The D is inaugurated in January. Economics, a rapidly growing number of companies owning responsibility for their carbon emissions and ordinary people acting on behalf of future generations underpin the trend towards environmental sustainability.
Promising steps for the integration of battery energy storage into the UK electricity system are to be found in outcomes of the nation’s latest capacity market auction.
Rather than just serving to fill out a year-end list, the biggest policy events of this year are likely to shape the policy path of the next, perhaps more than ever before.
CAIRO, Dec 28 (Reuters) - Egyptian Oil Minister Tarek El
Molla has signed three offshore oil and gas exploration and
production deals worth a total of at least $220 million with
France's Total, Britain's BP, and Italian oil
major ENI's Egyptian subsidiary IEOC, the ministry said
on Wednesday.
SolarPower Europe has published 10 policy priorities geared at facilitating expansion of solar power and energy storage within the European market.
MUMBAI, Dec 27 (Reuters) - Tata Sons on Tuesday accused its
former chairman Cyrus Mistry of breaching confidentiality rules
and said it would take legal action against him, intensifying a
battle between the conglomerate and the top executive it sacked
in October.
Seoul, Dec 28 (Reuters) - Oil prices edged down on Wednesday
in quiet early Asian trading as the market waits to see how OPEC
and non-OPEC members carry through on planned supply cuts in the
new year.
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