Energy Update
NAIROBI, Oct 26 (Thomson Reuters Foundation) - Staff of the
International Center of Insect Physiology and Ecology (ICIPE)
don't worry too much about the frequent power outages at their
campuses. A bank of diesel generators ensure that when power
from the national grid goes off, the centre's research into
insects, food and health is not disrupted.
The amount reported as the cost of renewable electricity has nearly reached 7 cents per kWh, almost as much as the lowest retail rates in the U.S. Yet, the main price driver is reportedly “falling wholesale prices.” Sound weird? Maybe it’s time to change the surcharge’s name.
BEIJING, Oct 26 (Reuters) - China's offshore oil and gas
specialist CNOOC Ltd reported on Wednesday a 15.2
percent fall in third-quarter oil and gas sales revenue, hurt by
weaker prices.
SOFIA, Oct 26 (Reuters) - Bulgaria has agreed to pay about
600 million euros ($655 million) in compensation to Russia's
Atomstroyexport for the cancelled Belene nuclear power project,
state energy company NEK said on Wednesday.
MOSCOW, Oct 26 (Reuters) - Russian economy minister Alexei
Ulyukayev said on Wednesday that the privatisation process of
Russian oil giant Rosneft was close to a completion.
LUANDA, Oct 26 (Reuters) - Angola's Supreme Court has asked
President José Eduardo dos Santos to respond to an inquiry on
why he appointed his daughter as head of the state oil firm,
according to court documents seen by Reuters.
NEW DELHI, Oct 26 (Reuters) - India and Iran aim to strike a
deal by March to develop an Iranian gas field with estimated
in-place reserves of 18.75 trillion cubic feet, the Indian
government said in a statement on Wednesday.
SYDNEY, Oct 26 (Reuters) - India's Adani Enterprises
is preparing to start construction of a $7 billion
coal mine in Australia in 2017 despite years of legal delays and
rollercoaster coal prices, the conglomerate said on Wednesday.
COPENHAGEN, Oct 26 (Reuters) - Danish utility DONG Energy
is looking at whether to jettison its oil and gas
business, which it said on Wednesday will not form part of its
long-term strategy as it shifts to wind power.
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