Energy Update
TOKYO, Dec 8 (Reuters) - Japan will increase an
interest-free loan to the operator of the wrecked Fukushima
nuclear plant, Tokyo Electric Power, by more than a
third to 14 trillion yen ($123 billion), a source familiar with
the matter said on Thursday.
Dec 7 (Reuters) - Oil and gas major Chevron Corp on
Wednesday announced a $19.8 billion capital and exploratory
investment program for 2017, down 42 percent from its outlays in
2015.
LONDON, Dec 7 (Reuters) - U.S. gasoline consumption has been
growing at the fastest rate for more than a decade as lower fuel
prices and an expanding economy have combined to produce a big
increase in demand.
Well, what was unthinkable just a short while ago is now the reality, and Donald Trump is President-elect of the United States, sending shockwaves across the U.S. and around the world. The press and social media are rife with speculation about which of the many and often conflicting positions he took during the campaign will become reality.
China’s aggregate wind power curtailment reached 39.47 billion kWh during the first nine months of 2016, according to data from the National Energy Administration of China. The country’s average wind power curtailment rate was 19 percent, down from 26 percent in the first quarter of 2016 and 21 percent in the first half of this year.
The U.S. Department of the Army announce in the Dec. 2 Federal Register that it has completed a Programmatic Environmental Assessment (PEA) for construction, operation, and maintenance of solar photovoltaic (PV) renewable energy projects on Army installations and is making the PEA and a draft Finding of No Significant Impact (FNSI) available for public comment.
McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight and support to the global energy industry, forecasts that until 2020, global refining will move towards lower utilization and margins as capacity growth exceeds demand.
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