Energy Update
As the water levels in dams in South Africa continue to dwindle, the 2015 Zimbabwe Humanitarian Situation Report notes that water levels in all of Zimbabwe’s seven catchment areas are about 18%, their worst levels in decades.
TAMPA, Fla., Aug 31 (Reuters) - A tropical storm developing
in the Gulf of Mexico could produce near hurricane-force winds
by the time it makes landfall in Florida, the National Hurricane
Center said on Wednesday.
OTTAWA, Aug 31 (Reuters) - Canada's economy shrank in the
second quarter, its worst showing in seven years, hurt by a drop
in exports and a disruption to oil production caused by
wildfires in Alberta, though growth was seen as likely to
rebound later this year.
MADRID/FRANKFURT/PARIS, Aug 31 (Reuters) - French nuclear
power engineering group Areva has rejected a
non-binding offer from General Electric for assets
belonging to the Adwen offshore wind power joint venture between
Gamesa and Areva, sources close to the talks have told
Reuters.
* Restaurant Group falls on downgrade
Aug 31 (Reuters) - Large U.S. shale oil companies, flush
with cash raised through stock offerings, are gobbling up
properties in the Permian Basin straddling Texas and New Mexico,
a trend that could boost U.S. oil output in the second half of
2017.
Engie SA and Kawisafi Ventures, supported by the Green Climate Fund, invested in the U.K.’s BBOXX Ltd. in a bid to boost the rapidly expanding global market for off-grid solar power.
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