Energy Update
The paradigm of power generation is changing, and an increasing number of decentralized small-scale cleantech solutions are evolving. For technology providers, the first reference projects are extremely important milestones of the market-entry process.
SINGAPORE, Aug 24 (Reuters) - Oil prices fell early on
Wednesday as an unexpected build in U.S. crude stocks weighed on
markets, along with concerns that Chinese crude demand could
falter as Beijing clamps down on alleged tax evasion in the oil
industry.
MEXICO CITY, Aug 23 (Reuters) - Ratings agency Moody's on
Tuesday lowered its outlook for Mexico's banking sector to
negative for the first time in six years, citing slower economic
growth and exposure to cash-strapped state oil company Pemex.
LONDON, Aug 23 (Reuters) - Saudi Arabia's oil production hit
a record in July, according to published statistics, and is
likely to hit another in August, according to industry sources.
SAN FRANCISCO, Aug 23 (Reuters) - Tesla Motors
Chief Executive Elon Musk is buying $65 million of bonds from
SolarCity Corp in the latest debt offering by the solar
panel company that Tesla plans to acquire for $2.6 billion,
according to a filing on Tuesday.
SINGAPORE/ISLAMABAD, Aug 24 (Reuters) - Chinese state-backed
firms are frontrunners to buy a $1.5 billion controlling stake
in Pakistani utility K-Electric, sources said, as they bet the
benefits of a Beijing-led economic corridor will trump the risks
of investing in Pakistan.
Claxton, an Acteon company, has completed its involvement in the abandonment of two wells on the Horne and Wren Platform in the Southern North Sea.
Sparrows Group is set to further grow our presence in the Asian Pacific market following the formation of a partnership with SapuraKencana Technology Sdn Bhd, a wholly-owned subsidiary of SapuraKencana Petroleum Berhad.
Geothermal Development Company (GDC) and National Oil Corporation of Kenya have entered into an agreement to offer joint oil and gas drilling services in Kenya and the region.
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