Energy Update
Nov 18 (Reuters) - U.S. oil companies added 19 drilling rigs
this week, the biggest hike since July 2015, as shale producers
cautiously redeploy 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, bringing
the total count up to 471, the most since January, but still
below the 564 rigs seen a year ago, energy services firm Baker
WASHINGTON, Nov 18 (Reuters) - The Obama administration on
Friday blocked the sale of new permits to drill oil and gas
in the Chukchi and Beaufort Seas off Alaska, in a win for
environmental groups that had fought against development in the
fragile region.
Tom Balcerek blogs on what a Republican president could mean for the US steel industry.
The Federal Energy Regulatory Commission on Nov. 17 issued a noticed of proposed rulemaking that plans to direct U.S. transmission system operators to establish market rules to accommodate energy storage participation in organized wholesale electric markets.
Ormat Technologies expects to begin commercial operations in January 2017 for the first 110-MW phase of its Sarulla geothermal power plant in Tapanuli Utra, North Sumatra in Indonesia, Ormat CEO Isaac Angel said during a Nov. 8 company earnings call.
TORONTO, Nov 18 (Reuters) - Canada's main stock index was
little changed in morning trade on Friday, pausing after a sharp
rise this week, as gains for energy stocks were somewhat offset
by losses among miners.
DUBLIN, Nov 18 (Reuters) - Stobart is buying the 33
percent it does already own in the firm that leases planes to
its Stobart Air subsidiary from Aer Lingus for 14.7 million
euros ($15.6 million), the British freight company said on
Friday.
MARRAKESH, Morocco, Nov 18 (Thomson Reuters Foundation) - A
group of the countries most at risk from climate change said
they would strive to make their energy production 100 percent
renewable "as rapidly as possible", as part of efforts to limit
global warming to below 1.5 degrees Celsius.
Nov 18 (Reuters) - Brookfield Asset Management Inc
proposed on Friday to take a 50-60 percent stake in bankrupt
solar company SunEdison Inc unit TerraForm Power Inc
, a week after it expressed interest in buying the
"yieldco".
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