Energy Update
MEXICO CITY, Dec 5 (Reuters) - A long-awaited auction of
Mexico's untapped deep water oil fields on Monday has been
fueled by a nearly $3 billion boom in geological data mapping
almost inaccessible deposits to open up what the industry sees
as the world's "last great proven frontier."
MELBOURNE, Dec 5 (Reuters) - India's Adani Enterprises Ltd
reached a milestone on Monday in its bid to build a
controversial $16 billion coal project in northern Australia,
winning approval for part of a rail link to service the planned
mine.
TOKYO, Dec 5 (Reuters) - Japan's Mizuho Bank and Sumitomo
Mitsui Banking Corp are working on a deal to provide 800 million
euros ($845 million) in loans to Russian gas giant Gazprom,
sources familiar with the matter said on Monday.
HOUSTON, Dec 5 (Reuters) - The U.S. Army's denial of an
easement for the Dakota Access Pipeline, after permitting and
legal obligations were followed, sets an uncertain precedent for
new projects despite President-elect Donald Trump's promise to
support energy infrastructure.
* Graphic on North Korea's coal exports: http://tmsnrt.rs/2gBHw6G
BEIJING, Dec 5 (Reuters) - China is aiming to produce 4
million tonnes of ethanol by 2020, doubling output from the
current level, even as it keeps tight control over the use of
food grains to make the biofuel, a government plan showed on
Monday.
NEW DELHI, Dec 5 (Reuters) - India is giving priority to
moving towards a natural gas-based economy and efforts must be
made to raise local production of the fuel while also creating
infrastructure to import it, Prime Minister Narendra Modi told
an energy conference on Monday.
NEW YORK, Dec 5 (Reuters) - BP Plc's decision to move
ahead with a $9 billion project to drill in the Gulf of Mexico
is the first step toward major oil companies moving forward with
U.S. offshore plans postponed during crude's price rout.
(Mon, 05 Dec 2016) In terms of electricity usage, Thanksgiving Day is one of the most unusual days of the year. Typically at this time of year, electric loads in most regions have a small peak in the morning and a larger peak in the evening. On Thanksgiving, however, the largest peak of the day occurs closer to midday as many Americans gather to celebrate the holiday.
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