Energy Update
WASHINGTON, Oct 7 (Reuters) - Democratic presidential
hopeful Hillary Clinton struggled with how to secure the
endorsement of labor unions while announcing her opposition to
the Keystone XL oil pipeline, a project they supported but
environmentalists opposed, according to leaked emails published
by Wikileaks on Friday.
BUENOS AIRES, Oct 7 (Reuters) - Argentina expects investment
of $1.8 billion from 17 renewable energy projects awarded in an
auction to generate 1,109 megawatts of power, the government
said on Friday, as it tries to lessen dependence on imported
power.
RIO DE JANEIRO, Oct 7 (Reuters) - Oil producers outside the
Organization of Petroleum Exporting Countries are unlikely to
agree to any suggestion from the group to limit production, an
unnamed official at Brazilian state-controlled oil company
Petróleo Brasileiro SA said on Friday.
TBILISI, Oct 8 (Reuters) - Georgia holds a parliamentary
election on Saturday seen as a test of the stability of the
ex-Soviet state criss-crossed by strategically important oil and
gas pipelines and traditionally buffeted between Russia and the
West.
HARRISBURG, Pa., Oct 7 (Reuters) - New regulations governing
the extraction of natural gas through fracking will go into
effect on Saturday in Pennsylvania, the first overhaul since the
industry took off in the state more than 10 years ago.
Oct 7 (Reuters) - Shares of Honeywell International Inc
plunged as much as 9 percent on Friday, a day after the
aircraft-parts maker cut the top end of its 2016 profit forecast
and said that sales would fall more than it had expected this
year.
Oct 7 (Reuters) - The U.S. Coast Guard said it had reopened
all commercial ports along Florida's west coast on Friday, while
hurricane Matthew continued to lash the northeast coast of the
state.
BUENOS AIRES, Oct 7 (Reuters) - Argentina expects to receive
investment of $1.8 billion after auctioning off 1,109 megawatts
worth of alternative energy projects, mostly in wind and solar,
Undersecretary of Renewable Energy Sebastian Kind said on
Friday.
CARACAS, Oct 7 (Reuters) - Spain's Repsol is
providing a credit line of up to $1.2 billion to boost oil
output at a joint venture it runs with Venezuelan state oil
company PDVSA, the companies announced on Friday.
The US is the world’s largest consumer of oil, as well as one of its largest producers, making it uniquely positioned at the recent International Energy Forum in Algiers.
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