Energy Update
SYDNEY, Oct 25 (Reuters) - Glencore and Japanese
power utilities have settled quarterly thermal coal contract
prices at $94.75 a tonne, up from around $64 last quarter,
sources confirmed on Tuesday, reflecting a surge in spot prices.
CONAKRY, Oct 24 (Reuters) - China Harbour Engineering
Company (CHEC) signed a $770 million contract with Guinea's
government on Monday to upgrade the port in the capital,
Conakry, expanding Chinese economic influence in the West
African iron and bauxite producer.
CALGARY, Alberta, Oct 24 (Reuters) - The Alberta government
is considering enshrining in law its target of generating 30
percent of the province's electricity from renewable sources by
2030, the Minister Responsible for the Climate Change Office,
Shannon Phillips, said on Monday.
LONDON, Oct 25 (Thomson Reuters Foundation) - Building just
a third of planned new coal-fired power plants around the world
would push hundreds of millions of people into poverty as it
accelerates climate change past an agreed limit of 2 degrees
Celsius of warming, development experts warn.
Honeywell Process Solutions (HPS) will provide advanced automation and safety solutions to enable remote onshore operation for an unmanned offshore platform in the North Sea, reducing overall production costs and improving safety.
Oct 24 (Reuters) - Southern California Gas completed safety
tests on more wells at its Aliso Canyon natural gas storage
facility in Los Angeles, which shut in October 2015 following a
massive methane leak, according to a report from the utility
made public on Monday.
MEXICO CITY, Oct 24 (Reuters) - Mexico's state-owned oil
company Pemex said on Monday that crude oil exports rose nearly
22 percent in September compared to the same month last year,
the highest level of shipments in more than five years.
CALGARY, Alberta, Oct 24 (Reuters) - The Alberta government
is considering enshrining in law its target of generating 30
percent of the province's electricity from renewable sources by
2030, the Minister Responsible for the Climate Change Office,
Shannon Phillips, said on Monday.
CARACAS, Oct 24 (Reuters) - Venezuelan state oil company
PDVSA said on Monday a long-awaited bond swap had
enabled it to delay until 2020 $2.8 billion in debt originally
maturing next year, giving the cash-strapped company a financial
breather.
Oct 24 (Reuters) - Buckeye Partners LP, which
operates pipelines and other transportation and storage assets
for liquid petroleum products, said it bought a 50 percent
stake in a marine terminal company for $1.15 billion.
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