Energy Update
The U.S. Energy Information Agency (EIA) on Nov. 29 released electric generation statistics through the end of September 2016. Generation from geothermal, solar, and wind energy increased by 24 percent compared with the first nine months of 2015. Non-hydro renewable energy, including biomass, has made up 8.5 percent of U.S. electric generation thus far in 2016.
LONDON, Dec 1 (Reuters) - British engineering company
Rolls-Royce said it would cut a further 800 jobs in its
marine business to save an extra 50 million pounds ($63 million)
a year, responding to weak demand from shipping and energy
customers.
NEW DELHI, Dec 1 (Reuters) - Senior Indian government
officials tasked by the prime minister with reviewing energy
security are recommending the break up of the country's coal
monopoly, Coal India Ltd, within a year.
ISTANBUL, Dec 1 (Reuters) - An executive of Turkey's Dogan
Holding has been detained in an investigation related to July's
failed coup, state media reported on Thursday, sending the
company's shares tumbling on fears it could be a target in the
government's crackdown.
MUMBAI, Dec 1 (Reuters) - India's Reliance Industries
said its telecoms unit Jio will extend its free data
service to all new and existing customers till March 2017, in a
bid to attract more customers to its 4G telecom service amid
stiff competition from incumbents.
SINGAPORE, Dec 1 (Reuters) - Trading volumes of Brent crude
oil futures pulverised records on Thursday after some of the
world's top producers on Wednesday struck a deal to cut output
for the first time since 2008, seeking to bolster prices stuck
at historically modest levels.
LONDON, Dec 1 (Reuters) - Commodities trader and miner
Glencore > said on Thursday it would pay out $1 billion
in basic dividends in 2017, had exceeded asset sales targets and
would meet its goal this year to cut net debt.
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