Energy Update
The electric utility industry is currently in the midst of a major paradigm shift that could arguably be classified as one of the most important industry transitions of the 21st century.
The zero-net modular homes in Waltham, Vermont — boxy units with almost flat roofs — look nothing like the sleek Hollywood homes with solar tile roofs and Powerwall storage units that Tesla Motors CEO Elon Musk unveiled Oct. 28. And they’ve gotten considerably less press.
TORONTO, Nov 18 (Reuters) - Canada's main stock index rose
on Friday, closing out a strong week with boosts from energy and
banking stocks as oil prices moved higher and investors reacted
to rising bond yields.
Nov 18 (Reuters) - The season's first major winter storm in
the continental United States swept the northern Plains with
heavy snow and high winds on Friday, creating blizzard
conditions in parts of South Dakota and Minnesota.
WASHINGTON, Nov 18 (Reuters) - Energy Transfer Partners
Chief Executive Kelcy Warren said the company will not
consider rerouting its Dakota Access oil pipeline despite
concerns voiced by U.S. native groups, according to an
Associated Press interview published on Friday.
WASHINGTON, Nov 18 (Reuters) - The Obama administration on
Friday blocked new exploration for oil and gas in Arctic waters,
in a win for environmental groups that had fought development of
the ecologically fragile region.
BUENOS AIRES, Nov 18 (Reuters) - Argentina's government will
eliminate subsidies to the country's oil producers in the coming
weeks, resulting in a 25 percent to 30 percent drop in the local
value of crude, industry sources said on Friday.
WASHINGTON, Nov 18 (Reuters) - Energy Transfer Partners
Chief Executive Kelcy Warren said the company will not
consider rerouting its Dakota Access oil pipeline despite
concerns voiced by U.S. native groups, according to an
Associated Press interview published on Friday.
(Adds rigs in Permian, paragraph 4)
Nov 18 (Reuters) - U.S. oil companies added 19 drilling rigs
this week, the biggest hike since July 2015, as shale producers
cautiously redeployed cash amid OPEC's plans to curb production
and after Donald Trump's presidential election victory.
Drillers added 19 oil rigs in the week to Nov. 18, boosting
the total to 471, the most since January, but still below 564 a
SAO PAULO, Nov 18 (Reuters) - Brazilian state-controlled oil
company Petróleo Brasileiro SA could receive up to
5.5 billion reais ($1.6 billion) back as a result of an ongoing
corruption probe, Chief Executive Officer Pedro Parente said on
Friday.
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