Energy Update
More than 1,000 New York jobs are at risk in the clean energy sector, and a solution overwhelmingly supported by the State Legislature is at hand. Gov. Andrew M. Cuomo’s signature is all that’s needed to avert this disaster.
TORONTO, Aug 24 (Reuters) - Canada may ask oil companies to
contribute to the hundreds of millions of dollars or more the
country has to pay to an international body if they drill far
offshore, according to an internal government memo.
PARIS, Aug 24 (Reuters) - European spot power prices for
day-ahead delivery were mixed on Wednesday as increased
availability of wind power weighed on German prices while
scorching weather, boosting use of air conditioning, lifted
French prices.
LONDON, Aug 24 (Reuters) - The U.S. summer driving season
ends with Labor Day on Sep 5, and the attention of the energy
markets is already switching to the forthcoming winter heating
season.
MUMBAI, Aug 24 (Reuters) - An up to $261 million share sale
in Castrol India Ltd by BP Plc due to take
place on Wednesday according to a term sheet seen by Reuters had
not taken place as of the end of the trading day, according to
exchange data.
NAIROBI, Aug 24 (Reuters) - Kenya has finalised an agreement
with oil explorer Tullow Oil and its partners Africa Oil
and A.P. Moller-Maersk for the development
of a crude oil pipeline, as it bids to become an oil exporter,
the president's office said.
BEIJING, Aug 24 (Reuters) - CNOOC Ltd reported a
loss for the first half of 2016 on Wednesday and warned that
headwinds will stymie a recovery in crude oil prices from the
worst downturn in years.
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