Energy Update
WASHINGTON, Sept 29 (Reuters) - The chairman of the U.S.
Senate Foreign Relations Committee said on Thursday he had tried
to find a compromise before Congress' rare override of a
presidential veto of a bill that allows relatives of Sept. 11
victims to sue Saudi Arabia.
According to the latest conclusions of the 46th World Economic Forum (2016), climate changes and reducing its effects, for the first time, are top-ranked in terms of the major risks facing the worldwide economy. It has available an important solar and wind potential, which will allow Morocco to achieve 52 percent of its electrical power from renewable energy in 2030.
French multinational oil major Total continues to diversify and adapt to changing market, industry and political conditions by making strategic investments across the renewable energy value chain. Total Energy Ventures, the corporation's venture capital (VC) arm, joined AutoGrid's Series C-2 funding round as a strategic investor, the Redwood City, Calif.-based developer of distributed energy resource management systems, announced Sept. 16.
LAUNCESTON, Australia, Sept 29 (Reuters) - Under-promise and
then over-deliver is a well-worn tactic to boost one's fortunes,
with OPEC's somewhat woolly promise to cut crude oil output the
latest example of this strategy.
Sept 29 (Reuters) - Extraction Oil & Gas LLC said it
expected to raise as much as $600 million in an initial public
offering, valuing the Denver-based oil explorer and producer at
about $2.6 billion.
KIEV, Sept 29 (Reuters) - Ukraine has increased its daily
imports of natural gas from European countries to 53.3 million
cubic metres (mcm) from around 50 million, Ukrainian state-run
gas transport company Ukrtransgaz said on Thursday.
MAPUTO, Sept 29 (Reuters) - Mozambique Energy Minister Pedro
Couto has been sacked, the presidency said on Thursday, a month
before Italy's Eni is due to finalise an offshore gas
project worth tens of billions of dollars.
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