Energy Update
MEXICO CITY, Nov 28 (Reuters) - Mexico's oil regulator
announced on Monday a final list of 17 oil companies
representing a dozen countries that have pre-qualified to bid on
the country's first-ever deep water oil auctions, set for Dec.
5.
The UN Paris Climate Change Agreement went into force Nov. 4 having been ratified by the required minimum number of countries accounting for 55 percent of global carbon emissions. World Bank Group President Jim Yong Kim deemed the day “a defining moment in human history.”
Following its recent installation, first power has been achieved from a 1.5-MW turbine in the MeyGen tidal power project in Scotland — an opening volley in game-changing development pitched to become the world’s largest tidal power array.
The recent spate of plans for coal-fired power plants in Sub-Saharan Africa has generated opposition on environmental grounds.
MILAN, Nov 28 (Reuters) - Italian oil and gas company Eni
is in talks with various parties to cut its stake in
the giant Zohr gas field offshore Egypt to 50 percent, Chief
Executive Claudio Descalzi said on Monday.
BEIRUT, Nov 28 (Reuters) - Iran's oil minister said members
of the Organization of Petroleum Exporting Countries (OPEC)
could agree a plan to limit oil production at their meeting in
Vienna this week if they put aside political rivalries and focus
on economic factors.
CALGARY, Alberta, Nov 28 (Reuters) - The government of
Alberta, Canada's largest crude-producing province, said on
Monday its 2016-17 budget deficit would be marginally narrower
than previously forecast amid signs its economy is steadying
after more than two years of weak oil prices.
SAO PAULO, Nov 28 (Reuters) - The chief executive of
Brazil's state-run oil company Petrobras said on
Monday that the growing deficit in the country's gasoline
refining capacity is an opportunity for local ethanol mills.
MEXICO CITY, Nov 28 (Reuters) - Mexico's oil regulator
announced on Monday a final list of 16 oil companies
representing a dozen countries that have pre-qualified to bid on
the country's first-ever deep water oil auctions set for Dec. 5.
Nov 28 (Reuters) - Ottawa has struck a deal with
Saskatchewan, a fierce critic of its environmental strategy,
allowing it to continue running coal-fired electricity plants
past 2030 if it makes equivalent cuts elsewhere to greenhouse
gas emissions, the governments said on Monday.
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