Energy Update
CHICAGO, Nov 23 (Reuters) - U.S. coal producer Peabody
Energy Corp said on Wednesday it is closer to exiting
bankruptcy, with a debt dispute between creditors fizzling as a
recent increase in coal prices boosts their chances for
recovery.
PARIS, Nov 23 (Reuters) - Europe should impose tariffs on
imports from countries that do not implement a global agreement
for fighting climate change, French Prime Minister Manuel Valls
said in an opinion piece published on Wednesday.
SAO PAULO, Nov 23 (Reuters) - Brazil's state-run oil company
Petroleo Brasileiro SA said on Wednesday that it
reached deals to settle 11 suits that are part of a class action
suit against the company in the New York Federal Court of the
United States.
CALGARY, Alberta, Nov 23 (Reuters) - The Canadian province
of Alberta is switching to a new power market structure to
encourage investment in electricity generation and help meet its
renewable energy targets, the government said on Wednesday.
CARACAS, Nov 23 (Reuters) - Oil-rich Venezuela's refinery
network was operating at about a third of capacity, according to
union sources and workers, as state oil company PDVSA
struggles with equipment issues after years of underinvestment.
HOUSTON, Nov 23 (Reuters) - A vessel carrying Venezuelan
petroleum coke whose load caught fire set sail late on Tuesday
for Colombia, allowing exports from the terminal to resume after
a three-week halt while authorities decided what to do with the
ship.
BRASILIA, Nov 23 (Reuters) - Executives of Brazilian
engineering conglomerate Odebrecht will sign a plea bargain deal
with federal prosecutors on Wednesday or Thursday, a source
close to the negotiations told Reuters.
BRUSSELS/STRASBOURG, Nov 23 (Reuters) - The European Union
is looking into whether Russian tankers carried jet fuel to
Syria through the bloc's waters despite this being banned, an EU
source said on Wednesday.
Nov 23 (Reuters) - U.S. oil drillers added rigs this week,
boosting the number of increments in November to the most in a
month since July, as shale producers boost spending to capture
forecast higher crude prices in coming months.
Drillers added three oil rigs in the week to Nov. 23,
bringing the total count up to 474, the most since January, but
still below the 555 rigs seen a year ago, energy services firm
Launched by President Barack Obama in 2013, Power Africa is achieving unprecedented success in expanding access to electricity and spurring sustainable development across the African continent, particularly in remote rural areas south of the Sahara, where best estimates say two of every three people lack access to electricity.
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