Energy Update
MOSCOW, Oct 13 (Reuters) - Russian equity capital market
deals may expand by roughly one quarter to $2.5 billion next
year as investor appetite picks up despite Western sanctions and
a sluggish economic recovery, investment bank VTB Capital
predicts.
NEW YORK, Oct 13 (Reuters) - A U.S. government weather
forecaster raised its outlook on Thursday for La Nina conditions
in the coming months, saying the weather phenomenon is likely to
develop in the Northern Hemisphere fall and favored to persist
into the winter 2016-17.
Speculation over a fourth-quarter benchmark settlement near $200/mt in the Asian seaborne coking coal market has Central Appalachian sources talking of strengthening Central Appalachian thermal prices through the winter, with pricing potentially approaching $70/st.
NEW DELHI, Oct 13 (Reuters) - Russian oil major Rosneft
, along with European trader Trafigura and Russian fund
UCP, will acquire 98 percent in India's Essar Oil for about
$12-$13 billion including debt, two sources familiar with the
deal told Reuters on Thursday.
GENEVA, Oct 13 (Reuters) - The Syrian government has
partially approved a United Nations aid plan for October but not
its request to deliver urgently needed supplies to the
rebel-held part of Aleppo, diplomats and a U.N. official said on
Thursday.
LONDON, Oct 13 (Reuters) - The chief executive of EnQuest
has pledged to buy up to $50 million worth of new shares
in the North Sea oil producer, a move that clinched a broader
restructuring deal for the company struggling with mounting
debt.
The first commercial solar farm in a project aiming to provide options for Australia’s struggling vignerons has gone live.
Scientists with the U.S. Department of Energy National Renewable Energy Laboratory (NREL) for the first time discovered how to make perovskite solar cells out of quantum dots and used the new material to convert sunlight to electricity with 10.77 percent efficiency, NREL said on Oct. 6.
Renewable energy is the big loser in a long-drawn-out energy plan for public land in California, developed over eight years between the Bureau of Land Management (BLM), the U.S. Fish and Wildlife Service, the California Energy Commission and the California Department of Fish and Wildlife.
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