Energy Update
(Thu, 15 Dec 2016) U.S. crude oil proved reserves declined 4.7 billion barrels (11.8%) from their year-end 2014 levels to 35.2 billion barrels at year-end 2015, according to EIA's recently released U.S. Crude Oil and Natural Gas Proved Reserves report.
The island of Montserrat is a small British Overseas Territory located west of Antigua and north of Guadeloupe. It was devastated by Hurricane Hugo in 1989 and then by volcanic eruptions in 1995 and 1997 when the entire south end of the island, including its capital city Plymouth, were completely buried in pyroclastic ash.
SINGAPORE, Dec 15 (Reuters) - Oil prices dropped on Thursday
as a hike in U.S. interest rates prompted a flood of money away
from commodities and into U.S. bonds and the dollar.
TOKYO, Dec 15 (Reuters) - Japanese oil refiners Idemitsu
Kosan and Showa Shell Sekiyu have effectively
given up on a stop-gap plan to form capital ties that was being
considered as a way to get around opposition from the Idemitsu
family to a full merger, the Mainichi newspaper reported.
TOKYO, Dec 15 (Reuters) - Japanese trading house Mitsui & Co
is set to acquire equity stakes in Russian agriculture
firm Ros Agro and Moscow drugmaker R-Pharm as Russian
President Vladimir Putin visits Japan this week, Nikkei business
daily said on Thursday.
Renewable energy stakeholders on Tuesday gathered at Power Generation Week in Orlando to consider the place for large-scale renewables on the grid, their role in markets and how they can be used to reduce greenhouse gas emissions.
Subsea 7 has been awarded a contract by Centrica for the Oda field in the Norwegian North Sea.
SEOUL, Dec 15 (Reuters) - Long the voice of the
conglomerates that form the engine of South Korea's economy, the
Federation of Korean Industries could become another casualty of
the scandal that is poised to cost President Park Geun-hye her
job, as key members flee.
With an installed capacity of more than 70 GW, the U.S. wind power market now has a massive fleet of installed generators that need regular upkeep for top performance. As a result, the U.S. Department of Labor this year identified wind turbine service technician as the fastest growing occupation — with an expected increase of 108 percent between 2014 and 2024.
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