Energy Update
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.
CARACAS, Oct 7 (Reuters) - Venezuela's state oil company
PDVSA said on Friday its ongoing bond swap was
"perfectly legal," hitting back at subsidiaries of U.S. oil
company ConocoPhillips that sued it this week saying the
operation was fraudulent.
Oct 7 (Reuters) - The number of rigs drilling for oil in the
United States rose this week, extending one of its best
recoveries with no cuts for 15 straight weeks, with analysts
expecting more additions after crude prices climbed back over
$50 a barrel.
Drillers added three oil rigs in the week to Oct. 7,
bringing the total count up to 428, the most since February, but
still below the 605 rigs seen a year ago, according to energy
Renewable gas holds a nascent status in the UK, but a recent change in rules for reporting greenhouse gas emissions may provide a promising route for its expansion via enabling large consumers to demonstrate reduction in their carbon footprints by using biomethane.
Global safety science provider UL has acquired engineering firm AWS Truepower, in a move that will strengthen UL’s full lifecycle solutions for the wind and solar energy sectors.
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