Energy Update
Oct 26 (Reuters) - Tesla Motors Inc reported its
first quarterly net profit in more than three years on Wednesday
as record deliveries helped to offset rising expenses related to
next year's roll-out of the company's mass-market Model 3 sedan.
Oct 26 (Reuters) - Tesla Motors Inc reported a
quarterly profit on Wednesday as record deliveries helped to
offset rising expenses related to next year's roll-out of the
company's mass-market Model 3 sedan.
WARSAW, Oct 26 (Reuters) - Polish oil and gas company PGNiG
said on Wednesday it could sue the European Commission
if it strikes a deal with Russia's Gazprom to end a
five-year antitrust case.
SAO PAULO, Oct 26 (Reuters) - Increased deforestation led to
a 3.5 percent jump in Brazil's greenhouse gas emissions in 2015
despite an economic recession that reduced levels of the gases
produced by the energy, transportation and industrial sectors,
researchers said.
PARIS, Oct 26 (Reuters) - The European Union competition
authorities are not expected to rule on a rescue plan for French
energy company Areva before summer of 2017, the head
of French state holding agency APE said on Wednesday.
MOSCOW, Oct 26 (Reuters) - Russian Deputy Finance Minister
Alexei Moiseev said on Wednesday that the government's 10.9
percent stake in Russia's second largest lender VTB could be
sold after 2017, the Interfax news agency reported.
There can be no question that across the globe, energy systems are transitioning from the old, dirty way of generating electricity to a new clean energy future that embraces carbon-free electricity powered by renewable energy. Add to that the fact that the wind that blows off U.S. coastal waters and in the great lakes could power the country more than two times over and you quickly come to the conclusion that the time is now to develop offshore wind in the U.S.
MOSCOW/BRUSSELS Oct 26 (Reuters) - Gazprom is
finalising a deal with European Union regulators to avoid fines
and end a five-year antitrust case, signaling a thaw in frosty
business relations between Moscow and Brussels.
DUBAI, Oct 26 (Reuters) - Kuwait's Equate Petrochemical is
considering expanding its imminent U.S. dollar debt issue to
include a 30-year bond, according to a document from the lead
arrangers, following the success of Saudi Arabia's offering.
COPENHAGEN, Oct 26 (Reuters) - Danish wind turbine
manufacturer Vestas said rotor blades had fractured on
two turbines it recently installed in Deerfield, Michigan in the
United States.
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