Energy Update
CARACAS, Nov 16 (Reuters) - OPEC countries are ready to
reach a "forceful" agreement on cutting oil output, Venezuelan
President Nicolas Maduro said on Wednesday, following a meeting
with OPEC Secretary-General Mohammed Barkindo in Caracas.
NEW YORK, Nov 16 (Reuters) - Oil production in North Dakota
dropped more than 10,000 barrels-per-day (bpd) in September, the
state Industrial Commission reported on Wednesday, citing
continued weakness in oil prices.
BOGOTA, Nov 16 (Reuters) - Colombia's coal output rose 17.6
percent to 23.4 million tonnes in the third quarter, the Energy
and Mining Ministry said in a statement on Wednesday.
Nov 16 (Reuters) - First Solar Inc, the largest
U.S. solar equipment maker, said it would slash about 1,600
jobs, or 27 percent of its global workforce, to cut costs as it
transitions to production of Series 6 modules.
SEOUL, Nov 17 (Reuters) - South Korean oil and gas companies
should invest more in U.S. exploration projects to limit the
impact of possible energy policy changes planned by U.S
President-elect Donald Trump, the country's vice energy minister
said on Thursday.
CARACAS/HOUSTON, Nov 16 (Reuters) - Two consortia including
Japanese engineering firm JGC Corp and French oil services
company Technip have been shortlisted to undertake a roughly
$680 million overhaul of Aruba's refinery, according to three
sources close to the deal.
TORONTO, Nov 16 (Reuters) - Canada's main stock index fell
on Wednesday as the financials and materials groups lost ground,
while some losses for energy shares were pared as oil turned
higher.
BAGHDAD, Nov 16 (Reuters) - Kurdish Peshmerga forces "will
not retreat from areas retaken" from Islamic State militants in
Iraq, Kurdistan President Massoud Barzani said on Wednesday,
according to local Rudaw TV station.
MARRAKESH/FRANKFURT, Nov 16 (Reuters) - Renewable energy
will keep growing in the next few years as costs drop and coal
use continues to fall, despite U.S. President-elect Donald
Trump's pledge to revive the fossil fuel, investors and analysts
said.
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