Energy Update
Sept 7 (Reuters) - Oil and gas producer Apache Corp
raised its capital budget for the year and said it would spend
more than a fourth of the amount on a newly discovered oilfield
in Texas.
LONDON, Sept 7 (Reuters) - Pressure to improve vehicle fuel
efficiency is driving an increase in the sales of premium
gasoline and boosting demand for high-octane blending components
in the United States.
The progress made by renewable generation over the past two decades has been nothing short of spectacular. But as more wind and solar generation has flooded onto the grid, it has had to face an endless refrain from opponents about variability. Attend any mainstream power industry conference and you hear speaker after speaker mention the fact that the sun doesn’t always shine or the wind doesn’t always blow as though it would be a “what do you know” moment for the gathered multitudes.
BEIJING, Sept 7 (Reuters) - China's three oil majors will
have to divulge intricate details about their vast networks of
oil and gas pipelines, the government said on Wednesday, a key
step towards increasing transparency for potential new entrants
and customers.
PARIS, Sept 7 (Reuters) - European spot electricity prices
for next day delivery were mixed on Wednesday as increased wind
and nuclear power production kept French prices lower, while a
rise in consumption supported German prices.
DUBAI, Sept 7 (Reuters) - Saudi Arabia's Grand Mufti Sheikh
Abdulaziz Al al-Sheikh, the highest religious authority in the
country, said in remarks published on Wednesday that the leaders
of regional rival Iran were not Muslims and saw Sunni Muslims as
their enemy.
PARIS, Sept 7 (Reuters) - Gabon's re-elected President Ali
Bongo shrugged off international calls for a recount of last
week's disputed vote, saying it was a matter for the
constitutional court to decide.
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