Energy Update
LONDON, Oct 11 (Reuters) - Mid-sized oil trader BB Energy is
looking to expand aggressively in Africa and the former Soviet
Union via new deals and asset purchases, its chief executive
told Reuters.
Oct 11 (Reuters) - General Electric Co said it would
buy LM Wind Power, a maker of rotor blades used in wind
turbines, from private equity firm Doughty Hanson for $1.65
billion, as it looks to boost output in its renewable energy
business.
After Sunday night’s sad and nasty US presidential debate it’s hard to focus on the relatively small exchange the candidates had about American steel.
LONDON, Oct 11 (Reuters) - The co-founder of Gunvor,
Torbjorn Tornqvist, is diluting his stake in the company to
allow employees to own more than a third of the fast-growing
trading house by year-end to help to retain and recruit talent
as it pursues its global expansion strategy.
ANKARA, Oct 11 (Reuters) - A proposal by Hillary Clinton,
the Democratic nominee in the U.S. presidential election, to arm
Kurds fighting Islamic State in Syria is "unethical" and not
befitting a NATO ally, Turkish Prime Minister Binali Yildirim
said on Tuesday.
Oct 11 (Reuters) - Record global debt levels pose a clear
risk to oil demand, the International Energy Agency said on
Tuesday, citing figures from the International Monetary Fund
last week that showed the world is awash with a record $152
trillion in debt.
FRANKFURT, Oct 11 (Reuters) - A surcharge levied on German
consumers to support renewable power will most likely rise by
around 8 percent next year, despite government efforts to scale
back support for green power, sources in the power transmission
sector said on Tuesday.
KHOBAR, Saudi Arabia, Oct 11 (Reuters) - A joint venture of
HaskoningDHV UK and Hyundai Engineering & Construction Co
has been awarded a contract to design the
infrastructure for the Ras Al Khair maritime yard in Saudi
Arabia, a statement from the firms said on Tuesday.
UNITED NATIONS, Oct 11 (Reuters) - China appears to have
pushed back on a U.S. bid to close a U.N. loophole that allows
North Korea to export coal for "livelihood purposes," saying the
well-being of North Koreans is a priority in negotiations on
possible new U.N. sanctions on Pyongyang.
LONDON, Oct 11 (Reuters) - Global oil supply could fall in
line with demand more quickly if OPEC and Russia agree to a
steep enough cut in production, but it is unclear how rapidly
this might happen, the International Energy Agency said on
Tuesday.
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