Energy Update

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BRUSSELS, Dec 19 (Reuters) - Several EU countries, including
Italy, France and Spain, have delayed the adoption of stricter
car emissions' tests, despite evidence that this has allowed
pollution to go above legal limits, a draft report by European
Parliament said on Monday.

* Contract is 50 mln pounds/yr earnings boost for Drax
-Jefferies

(Adds details, background, comments from Drax and analysts)

BAKU, Dec 19 (Reuters) - Azerbaijan saw a 5.3 percent drop
year-on-year in foreign direct investment to $5.4 billion in the
first three quarters of this year, the central bank said on
Monday.

A brisk, late November morning in Northern Germany provided backdrop to a ceremony held to mark completion of the structural supports of the factory slated to secure Siemens Wind Power’s position as purveyor of next generation wind turbine technologies.

JAKARTA, Dec 19 (Reuters) - Indonesia plans to change future
production sharing contracts in its upstream oil and gas sector
so that contractors shoulder the cost of exploration and
production, rather than be reimbursed by the government.

If you were a kid right now, would there be anything about renewable energy that would be attractive to you? All of the conversation around energy is actually pretty stale and boring — even for adults! And since kids are the future of the renewable energy industry, it’s imperative that we don’t overlook this fact and discover ways to engage them.

OSLO, Dec 19 (Reuters) - NorthConnect, owned by three
Norwegian power firms and Sweden's Vattenfall, will
seek permission to build a power link from Norway to Britain
costing up to 2 billion euros ($2.09 billion), its chairman Odd
Oeygarden told Reuters.

* Kosmos deal includes stake in giant gas find offshore
Mauritania

Eighteen years ago, the IEA said conventional oil output would peak before 2020. In 2016, it again shines a light on the need for more unconventional oil.

BEIJING/DUBAI, Dec 19 (Reuters) - Privately-run CEFC China
Energy is in advanced talks to secure a stake to develop onshore
oilfields in the United Arab Emirates under a 40-year deal, two
industry sources with knowledge of the discussions said on
Monday.

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