Energy Update
WASHINGTON, Oct 28 (Reuters) - A meeting on Libya in London
next week will seek to break a political stalemate over the
country's U.N-backed unity government, which has struggled to
extend its influence beyond the capital, Tripoli, a senior U.S.
official said on Friday.
Oct 28 (Reuters) - Imperial Oil Ltd, Canada's No. 2
integrated oil producer and refiner, reported a
better-than-expected quarterly profit as the company's
aggressive cost-cutting measures helped cushion the impact of
lower oil prices.
PARIS, Oct 28 (Reuters) - The best performer in Europe's
turbulent utilities industry is a little-known Portuguese
renewables company whose media-shy chief executive has won the
confidence of investors in an unpredictable industry.
MOSCOW, Oct 28 (Reuters) - Russia's oil giant Rosneft
said on Friday it closed the deal to sell a 11 percent
stake in the Vankor project to India's top oil explorer ONGC for
$930 million.
HOUSTON, Oct 28 (Reuters) - Exxon Mobil Corp, the
world's largest publicly traded oil company, on Friday reported
a 38 percent drop in quarterly profit that still beat Wall
Street's expectations as cost cuts partly offset declining crude
oil prices.
HOUSTON, Oct 28 (Reuters) - Chevron Corp reported a
drop in quarterly profit on Friday that still beat expectations
as cost cuts in the company's U.S. oil production division
helped mitigate some of the impact of low crude prices.
MOSCOW, Oct 28 (Reuters) - The Russian Finance Ministry is
confident that proceeds from the sale of a state stake in
Rosneft will reach the federal budget this year, but
doubts that further privatisation of the firm is needed, Finance
Minister Anton Siluanov said on Friday.
"More details to follow." Those were the first words on the IMO's Twitter page after it imposed a global 0.5% sulfur emission limit on the shipping industry from 2020.
The beautiful island of Kauai, Hawaii, is known for its pristine beaches and dramatic mountain ranges. But Kauai is not just a vacation spot; it is also the location of one of the largest algae biofuel production facilities in the U.S.
The United States is blessed with many energy resources: huge fossil fuels reserves and substantial renewable energy potential, from offshore wind to geothermal power. It’s also a signatory to the Paris Agreement on climate change and has committed to cutting greenhouse gas emissions by 26 to 28 percent compared to 2005 levels by 2025.
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