Energy Update
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.
The U.S. solar industry expects to install a record-breaking number of solar panels in 2016, a 94 percent increase from last year. In fact, the U.S. is now producing more solar panel systems than natural gas power plants. But although the demand for solar panels is growing and the installation price is dropping, urban legends still remain.
MOSCOW, Oct 7 (Reuters) - Azerbaijan's Energy Ministry said
on Friday a meeting between members and non-members of oil
cartel OPEC would take place in Istanbul on Oct. 12, Russia's
RIA news agency reported.
CAIRO/SINGAPORE Oct 7 (Reuters) - Egypt has not received
October allocations of petroleum aid from Saudi Arabia, traders
told Reuters, forcing its state oil buyer to rapidly increase
tenders even amid a severe dollar shortage and growing arrears
to oil producers.
The transformation of North American power markets from the coal-fired past to a renewable future is well underway. For power utilities, independent power producers (IPP) and traders, this new-age energy market — reliant on renewables for baseload power generation — presents challenges that have to be addressed quickly in order to operate profitably.
PORT-AU-PRINCE, Oct 7 (Reuters) - The number of people
killed by Hurricane Matthew in Haiti rose to at least 572 on
Friday, according to a Reuters tally, as information trickled in
from remote areas that were cut off by the storm, officials
said.
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