Energy Update
KUWAIT, Oct 16 (Reuters) - Kuwait's emir ordered the
dissolution of parliament on Sunday, saying regional
developments and "security challenges" meant the national
assembly should choose fresh representatives.
KUWAIT, Oct 16 (Reuters) - Kuwait's emir, Sheikh Sabah
al-Ahmad al-Sabah, issued a decree on Sunday dissolving the
national assembly, the official KUNA state news agency reported.
FRANKFURT, Oct 16 (Reuters) - A German battery maker which
allows people to store and pool electricity said it has secured
76 million euros ($85 million) from venture capital investors,
including Chinese wind turbine and energy management group
Envision, to develop its systems.
DUBAI, Oct 16 (Reuters) - Saudi Arabian companies already
grappling with the effects of low oil prices and government
austerity measures face a fresh challenge from new accounting
standards that could provide windfall gains for some but saddle
others with higher charges.
OSLO, Oct 16 (Reuters) - Norway's Statoil said on
Sunday it had stopped production at its Statfjord A platform in
the North Sea due to a fire, and started to evacuate the
personnel.
DUBAI/KUWAIT, Oct 16 (Reuters) - Kuwait National Petroleum
Co (KNPC) expects to finalise a loan of well over $5 billion to
finance its Clean Fuels project by the end of the first quarter
of next year, sources involved in the project said.
DOHA, Oct 16 (Reuters) - Saudi Arabia on Sunday replaced its
envoy to Iraq whose comments about Iranian involvement in Iraqi
affairs led to diplomatic tension with Baghdad.
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.
DUBAI, Oct 16 (Reuters) - Iran will begin taking
applications on Monday for an unspecified number of energy
projects, the oil ministry's news agency SHANA reported on
Sunday, as the country moves to launch exploration and
production contracts after the lifting of sanctions.
TRIPOLI, Oct 15 (Reuters) - A Libyan faction opposed to the
U.N.-backed government seized a building used by parliament in
Tripoli, proclaiming its own authority and demanding a new
government in a challenge to Western plans to end the
instability in the country.
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