Energy Update

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* OPEC members still disagree over who should cut and how
much

LAUNCESTON, Australia, Nov 29 (Reuters) - Saudi Arabia's
problems run far deeper than trying to cobble together a deal
with fellow OPEC members to curb crude oil output in order to
bolster prices.

Electric avenues that can transmit the sun’s energy onto power grids may be coming to a city near you.

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.

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