Energy Update
On Monday, attendees of Power Generation Week toured solar arrays both on the roof of the Orange County Convention Center (OCCC) and in various locations around its campus.
Dec 14 (Reuters) - General Electric Co on Wednesday
renewed its forecast for strong earnings growth over the next
two years despite weak energy markets, and said it expects to
further build its 3-D printing and services businesses while
selling other franchises.
Dec 14 (Reuters) - Exxon Mobil Corp said on
Wednesday its president, Darren Woods, will become chief
executive and chairman in January following the retirement of
Rex Tillerson, who is U.S. President-elect Donald Trump's choice
for secretary of state.
LOS ANGELES, Dec 14 (Reuters) - California regulators on
Wednesday adopted the nation's first mandatory energy efficiency
rules for computers and monitors - devices that account for 3
percent of home electric bills and 7 percent of commercial power
costs in the state.
Dec 14 (Reuters) - Boutique investment banks have grabbed a
record share of the global merger and acquisition fee pool off
larger Wall Street rivals this year but their stock price
performance is trailing bigger peers.
SAO PAULO, Dec 14 (Reuters) - The pension fund for oil
company Petroleo Brasileiro SA's employees on
Wednesday called for securities industry watchdog CVM to
investigate some of Brazil's largest asset managers over
allegations of irregularities, a statement said.
SAO PAULO, Dec 14 (Reuters) - Brazil's Braskem SA
, the largest petrochemical producer in Latin America,
signed a leniency deal on Wednesday with Brazilian prosecutors
leading a sweeping corruption probe into political kickbacks at
state-run oil company Petrobras, the company said in
a securities filing.
PARIS, Dec 14 (Reuters) - French utility EDF's
board has approved the partial sale of RTE, the company's
high-voltage power grid unit, to state bank Caisse des Depots,
the companies said in a statement.
Dec 14 (Reuters) - Donald Trump has nominated Exxon Mobil
chairman and chief executive officer Rex Tillerson to serve as
his secretary of state. Having surrounded himself mostly with
retired generals for national security positions, the
president-elect has chosen someone with no previous government
experience to be the nation's chief diplomat. But it would be a
mistake for foreign policy experts and political pundits to
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