Energy Update
MANILA, Nov 8 (Reuters) - By letting Philippine fishermen
return to the disputed Scarborough Shoal, China is complying
with an international arbitral ruling, just without
acknowledging it, Manila's incoming ambassador to Beijing said
on Tuesday.
MARRAKESH, Morocco, Nov 8 (Thomson Reuters Foundation) -
W hen heavy rains hit the tiny West African nation of Togo in
September, filling a hydropower dam close to overflowing, the
Togolese Red Cross took an unusual step.
TOKYO, Nov 8 (Reuters) - Japan Petroleum Exploration (Japex)
said on Tuesday it plans to delay the launch of its
Hangingstone oil sands expansion project in Alberta, Canada, by
a few months to mid-2017, a move that also pushes up costs by
C$250 million ($187 million).
PARIS, Nov 8 (Reuters) - French oil major Total
confirmed on Tuesday a preliminary deal with Iran whereby Total
would develop the phase 11 part of the South Pars gas field
along with the National Iranian Oil Company (NIOC).
BEIRUT, Nov 8 (Reuters) - France's Total and China
National Petroleum Corp (CNPC) signed a gas contract on Tuesday
with National Iranian Oil Company (NIOC) for the second phase of
the South Pars gas field, Iran's SHANA news agency said.
SINGAPORE, Nov 8 (Reuters) - From ongoing floating fuel
storage to weak Chinese oil data on Tuesday, the two-year supply
overhang that has haunted markets is not over, but the glut has
eased from last year when crude was about to fall to levels not
seen in over a decade.
PARIS, Nov 8 (Reuters) - French grid operator RTE said on
Tuesday it may have to take exceptional measures including short
power cuts in certain areas and voluntary cuts by industrial
users in order to continue providing electricity to French homes
in during winter.
COPENHAGEN, Nov 8 (Reuters) - Wind turbine maker Vestas
posted third-quarter results on Tuesday that exceeded
expectations, while lifting its forecasts for the year on the
back of a 17 percent increase in orders between July and
September.
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