Energy Update
Construction resumed Oct. 4 on tunnel works after a brief work stoppage that began on Sept. 28 at the 20-MW Lower Modi Khola run-of-river hydropower facility.
ALGIERS, Oct 5 (Reuters) - OPEC and non-OPEC oil producers
plan an informal meeting in Istanbul Oct. 8-13 to discuss how to
implement a production deal OPEC members reached in Algiers last
month, Algerian Energy Minister Nouredine Bouterfa has told
local Ennahar TV.
WASHINGTON, Oct 5 (Reuters) - Three federal appeals judges
in Washington, D.C., heard arguments on Wednesday over whether
to stop work on a crude oil pipeline in parts of North Dakota
where the Standing Rock Sioux and other tribes say the project
will desecrate sacred land.
Oct 5 (Reuters) - Goldman Sachs Group Inc on
Wednesday became the ninth investment bank in the past month
whose analysts have cut forecasts for Wells Fargo & Co,
citing regulatory and legal issues in the wake of its scandal
over fake accounts.
The United Nations Economic Commission for Europe (UNECE) Committee on Sustainable Energy recently approved a global standard for reporting geothermal resources.
ISTANBUL, Oct 5 (Reuters) - Turkish Foreign Minister Mevlut
Cavusoglu said the Bashiqa camp in Iraq, at the centre of a
dispute between the two neighbours, had been set up to train
local forces in fight against Islamic State and Baghdad knew it
had been established.
NEW YORK, Oct 5 (Reuters) - The Organization of the
Petroleum Exporting Countries' decision to embrace production
cuts will help move crude prices toward a target of $50 to $60
per barrel, Gary Ross, chairman of consultancy PIRA Energy
Group, told reporters on Wednesday.
MILAN, Oct 5 (Reuters) - Italian gas grid company Snam
has signed an agreement with Fiat Chrysler Automobiles
(FCA) and truck maker IVECO to boost the use
of compressed natural gas (CNG) in fueling vehicles.
NEW YORK, Oct 5 (Reuters) - OPEC's policy shift to embrace
oil production cuts will help move crude prices toward a target
of $50 to $60 per barrel range, PIRA Energy Group chairman Gary
Ross told reporters on Wednesday at a press conference.
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