Energy Update
Dec 19 (Reuters) - U.S. President Barack Obama is preparing
to block the sale of new offshore drilling rights in much of the
U.S. Arctic and parts of the Atlantic, Bloomberg reported,
citing two people familiar with the decision.
Japan's petroleum company Idemitsu Kosan has completed acquisition of 31.2% stake in refiner Showa Shell Sekiyu from Shell for JPY159bn ($1.4bn).
About 50 percent of U.S. residents are not great candidates for rooftop solar. They may live in an apartment, they may have a very shaded roof, or they may have a very small electric bill. The best option for these people may be some kind of shared solar power system. Community Solar, or Solar Gardens, is a great solution for this segment of the population.
NEW YORK, Dec 19 (Reuters) - The founder of an oil and gas
networking website accused of hacking into a rival site he had
created and sold to DHI Group Inc pleaded guilty to a
computer fraud charge on Monday, prosecutors said.
The 88-MW Mount Coffee hydropower plant in Liberia has gone into operation after extensive modernization, with startup of the first turbine-generator unit celebrated Dec. 15.
MILAN, Dec 19 (Reuters) - Intesa Sanpaolo is still
deciding whether to help fund the acquisition of a 19.5 percent
stake in Rosneft from the Russian state and said it
was not aware of any investigation by the Italian or other
European authorities into the transaction.
QUITO, Dec 19 (Reuters) - A 5.8-magnitude earthquake shook
Ecuador's Pacific coast early on Monday, killing at least two
people, injuring 15 others and halting production at the
Esmeraldas oil refinery, officials said.
Dec 19 (Reuters) - Southern California Gas Co (SoCalGas) has
urged customers to reduce natural gas use to help lower the risk
of possible gas and electricity shortages due to what it
described as severe cold weather throughout the U.S. Southwest.
CALGARY, Alberta, Dec 19 (Reuters) - U.S.-based Koch
Industries Inc's oil sands subsidiary in Canada wants
to pull out of a project in the Muskwa region in the province of
Alberta, citing economic and regulatory uncertainties, the local
energy regulator said on Monday.
QUITO, Dec 19 (Reuters) - A 5.8 magnitude earthquake shook
Ecuador's Pacific coast early on Monday, killing one person,
injuring a dozen others and damaging hotels in the area,
authorities said.
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