Energy Update
Nov 29 (Reuters) - North Dakota law enforcement will begin
to block supplies from reaching protesters at a camp near the
construction site of an oil pipeline project in an effort to
force demonstrators to vacate the area, officials said on
Tuesday.
NEW YORK, Nov 29 (Reuters) - At least four U.S. agencies are
investigating former officials of a now-bankrupt oil and gas
company once majority owned by troubled hedge fund manager
Platinum Partners, according to a legal filing submitted last
week.
New installed renewable energy capacity surpassed coal for the first time last year, the International Energy Agency reported recently. It means that we added more wind and solar to our global energy system than oil, gas, coal or nuclear power combined — a trend that is expected to continue over the next five years.
Solar power is now more affordable in the U.S. than at any other point in history. Reductions in the cost of solar PV systems, innovative financing options, and high consumer demand have led to unprecedented levels of solar deployment over the last five years.
The Obama administration is forcing refiners to use a record amount of biofuel next year, delivering a victory to Midwest farmers at the expense of oil companies that say they are struggling with the program’s costs.
ISTANBUL, Nov 29 (Reuters) - An offshoot of the outlawed
Kurdistan Workers Party (PKK) on Tuesday claimed responsibility
for a car bomb attack last week that killed two people and
wounded 30 more in the Turkish city of Adana, according to a
statement on its website.
TORONTO, Nov 29 (Reuters) - Canada's main stock index fell
on Tuesday as energy stocks slumped for a third straight session
due to leading oil exporters' struggle to agree on terms of a
planned production cut, while Bank of Nova Scotia
gained after a solid earnings report.
LONDON, Nov 29 (Reuters) - Saudi Arabia is one of the very
few countries which has increased its drilling for new oil and
gas wells since prices began to slump in the middle of 2014.
LONDON, Nov 29 (Reuters) - The vessel needed to start
production at EnQuest's Kraken oil field in the North
Sea sailed away from Singapore on Nov. 23, the company said,
indicating the oil field's start-up schedule remains on track.
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