Energy Update
PRAGUE, Oct 17 (Reuters) - Czech privately-held energy group
EPH agreed to sell a 30 percent stake in its EP Infrastructure
(EPIF) unit to an investor group led by Macquarie Infrastructure
and Real Assets, EPH said on Monday.
SOFIA, Oct 17 (Reuters) - Bulgaria's prosecutors have
charged two former directors of state electricity firm NEK with
causing financial damage by signing a nuclear deal that cost the
business more than 77 million euros ($86 million).
LONDON, Oct 17 (Reuters) - Hedge funds and other money
managers have raised their bullish bets on U.S. crude prices to
the highest level since the slump started in the summer of 2014.
TOKYO, Oct 17 (Reuters) - The election of an anti-nuclear
governor in a region north of Tokyo further challenges Prime
Minister Shinzo Abe's energy policy and could mean Japan
continues to rely on coal-fired electricity, undermining its
efforts to reduce carbon emissions.
It is six years since a prominent newspaper dubbed BP’s chief executive the “most hated and clueless man in America” and in that time the company has paid $62 billion in fines and compensation for its role in the Macondo Gulf of Mexico oil spill.
Oct 17 (Reuters) - Britain's second biggest energy supplier,
SSE Plc, said it had agreed to sell a 16.7 percent stake
in gas distribution business Scotia Gas Networks Ltd (SGN) to
Abu Dhabi Investment Authority (ADIA) for a consideration of 621
million pounds ($772.21 million).
LONDON/OSLO, Oct 16 (Reuters) - Oil majors including
Statoil, Shell and Chevron are experimenting with various
technologies, from drones and drill design to data management,
to drive down costs and weather a deep downturn.
(Mon, 17 Oct 2016) Hurricane Matthew resulted in temporary electricity outages for millions of customers along the southern Atlantic Coast. Matthew was a Category 3 hurricane when it hit the east coast of Florida, just north of the St. Lucie Nuclear Plant, on Thursday, October 6.
BEIJING, Oct 17 (Reuters) - A former senior Chinese energy
official found to have more than 200 million yuan ($29.99
million) in cash at his home has been given a suspended death
penalty after being found guilty of corruption, state news
agency Xinhua said on Monday.
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