Energy Update
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.
ISTANBUL, Oct 11 (Reuters) - OPEC will hold talks with
non-member oil producers on Wednesday in a bid to hammer out
details of a global agreement to cap production for at least six
months as Russia lent its support for the plan.
CALGARY, Alberta, Oct 11 (Reuters) - Climate-change
activists were arrested on Tuesday after they shut down five
pipelines carrying crude from Canadian oils sands into the U.S.
market, the latest move by environmental groups to disrupt
movement of oil across North America, an activist group said.
ISTANBUL, Oct 11 (Reuters) - Saudi Arabia's crude oil
production was steady in September, remaining at high levels, a
signal that OPEC's top producer continues to feed rising demand
both domestically and abroad.
Oct 11 (Reuters) - The discount of spot U.S. crude futures
to the second-month fell to 42 cents per barrel on
Tuesday after news that activists shut 5 pipelines that carry
crude oil from Canada into the U.S. market:
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