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Portuguese renewables developer EDPR quietly upstages power giants

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.

Rosneft closes deal to sell a Vankor stake to India's ONGC for $930 mln

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.

UPDATE 2-Exxon Mobil profit drops 38 percent but beats estimates

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.

RPT-UPDATE 1-Chevron profit drops on weak oil price, but beats forecasts

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.

UPDATE 1-Russian finmin confident to get proceeds from Rosneft sale in 2016

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.

International Maritime Organization cuts the bottom out of the barrel

"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.

Algae Hard at Work in Hawaii

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.

Will US Energy Policy Push Fossil Fuels or Renewable Energy? Six Essential Reads

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.

UPDATE 2-Total beats Q3 forecast helped by cost cuts, new projects and renewables

* Shares down alongside broader market

(Adds details on New Energies, production, dividend)

Norway's wealth fund removes Brexit uncertainty from UK property portfolio valuation

OSLO, Oct 28 (Reuters) - Norway's $870 billion sovereign
wealth fund, the world's largest, has removed the valuation risk
premium it had placed on its British property portfolio
following Britain's vote to leave the EU, it said on Friday when
publishing its full third-quarter results.

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