Energy Update
The increasing uptake of renewable energy technology in East Africa has created additional opportunities for various energy storage solutions especially batteries, as the market looks to an era of low emissions and reliable clean energy supply for off-grid consumers.
OSLO, Dec 20 (Reuters) - Crude tanker operator Frontline
expects strong demand for its vessels at the start of
2017 and could benefit from oil producers' pact to cut output if
it forces Asian buyers to go further afield for supplies, its
chief executive said.
LISBON, Dec 20 (Reuters) - Portugal's largest shipping
company, Grupo ETE, is preparing to open up its capital to
outside investors and is studying the possibility of an initial
public offering as it seeks to speed up expansion in Latin
America, CEO Luis Nagy told Reuters.
The solar industry is large enough to seek U.S. Department of the Interior (Interior) regulatory relief, irrespective of any debate over climate change. The President-elect is skeptical of anthropogenic climate change.
LONDON, Dec 20 (Reuters) - Britain's High Court ruled on
Tuesday that a fracking permit awarded by a local council to
developer Third Energy was legal, after it was challenged by
environmental campaigners, opening the way to shale gas
extraction in the UK.
LONDON/SINGAPORE, Dec 20 (Reuters) - The world's big mining
groups are sharpening their marketing strategies in a
post-crisis scramble for even tiny increases in profit, seeking
marginal gains much like cycling teams in the Tour de France or
Olympic velodrome.
The first commercial power from MHI Vestas’ V164-8.0 MW wind turbines has been achieved after energization of Dong Energy’s 258-MW Burbo Bank Extension offshore wind project in UK waters.
LONDON, Dec 20 (Reuters) - Britain's High Court ruled on
Tuesday that a local government's shale gas fracking permit
award to developer Third Energy was legal, claimants Friends of
the Earth said in a statement.
HANOI, Dec 20 (Reuters) - Vietnam has raised the retail
prices of gasoline and other oil products by up to 6.7 percent,
the largest increase this year, due to recent increases in crude
oil, state-owned fuel importer and distributor Petrolimex said
on Tuesday.
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