Energy Update
TOKYO, Oct 12 (Reuters) - Japan Bank for International
Cooperation (JBIC), a major backer of mining and energy projects
for Japanese companies, said it will be cautious on lending to
the resources sector despite a rally in commodity prices this
year.
SINGAPORE, Oct 12 (Reuters) - Swissco Holdings,
which provides rig and vessel chartering services, said it would
not be able to pay interest on a S$100 million ($73 million)
note, the latest Singaporean firm in the offshore services
industry to disclose debt woes.
TOKYO, Oct 12 (Reuters) - Crude futures inched up on
Wednesday, with investors waiting for talks between OPEC
producers and other oil exporters on curbing output to end a
glut in the global market.
Wind energy, the fastest-growing source of electricity in the U.S., is transforming low-income rural areas in ways not seen since the federal government gave land to homesteaders 150 years ago. As commodity prices threaten to reach decade lows and farmers struggle to meet debt payments, wind has become the newest cash crop, saving family farms across a wide swath of the heartland.
In the 32 flats cooperative housing society I grew up in, comprising of two buildings in the heart of Mumbai, no one had air-conditioners for the fifteen years I lived there until I left for college in New Delhi. Only about six families had cars.
The Chinese wind market continued to power ahead during the first half of 2016. According to the Chinese Wind Energy Association’s unofficial estimate, H1 installations were 9-10 GW, which indicates that this year’s total should be over 20 GW again.
GAIL (India) has started its first UNIPOL PE Process line with the capacity to produce 400,000 tons of polyethylene (PE) per annum.
SAO PAULO, Oct 11 (Reuters) - State-controlled Petróleo
Brasileiro SA and Galp Energia SGPS SA have broadened an
existing cooperation accord between the Brazilian and Portuguese
oil producers, to include offshore oil research and development
projects and exploration and production partnerships.
Oct 11 (Reuters) - BP Plc on Tuesday said it would
vigorously defend itself against a federal civil suit by
Marathon Petroleum Corp alleging that it had failed to
deliver a Texas oil refinery and three products terminals in the
condition promised under a $2.4-billion sales agreement signed
in 2012.
ATHENS, Oct 11 (Reuters) - Greek power utility PPC
has extended a deadline for binding bids for a 24 percent stake
in grid operator ADMIE to Oct. 19 from Oct. 12, it said on
Tuesday.
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