Energy Update
FRANKFURT, Aug 15 (Reuters) - European spot power rose on
Monday on expectations for higher demand after the Assumption
Day holiday in many parts of the region, tight wind supply and
some nuclear outages.
BAGHDAD, Aug 15 (Reuters) - Iraq's parliament approved on
Monday the appointment of Jabar Ali al-Luaibi, a former head of
state-run South Oil Company, as oil minister in an overhaul of
Prime Minister Haider al-Abadi's cabinet, state television said.
LONDON, Aug 15 (Reuters) - G4S, the world's largest
security group, named Tim Weller as its new chief financial
officer on Monday, poaching him from oilfield services company
Petrofac where he held the same role.
BANGKOK, Aug 15 (Reuters) - Thailand's largest energy firm,
PTT Pcl, on Monday signed contracts with six major
automakers for cooperation in developing electric cars, opening
the first in a series of electric vehicle charging stations
associated with the project.
LONDON, Aug 15 (Reuters) - Investors in mining stocks could
face years of weak returns as a rally in share and industrial
metals prices eases pressure on companies to restructure and
curb oversupply.
LAUNCESTON, Australia, Aug 15 (Reuters) - If you believe
that thermal coal's rally this year has been largely on the back
of rising Chinese imports, it follows that any sign of
moderation in demand in the world's biggest buyer would raise a
red flag of caution.
In its new rules for oil and gas drilling in the Arctic, the US has taken the biggest step yet toward a performance-based system that sets clear standards, but allows industry flexibility in how to meet them.
CARACAS, Aug 15 (Reuters) - Venezuela, which holds the
world's largest crude reserves, is on track to suffer its
steepest annual oil output drop in 14 years as it suffers the
effects of an economic crisis and years of under investment and
mismanagement, according to data seen by Reuters and interviews
with company sources and workers.
Former CEO Dwight Brown did a number on the Cobb Electric Membership Corporation (EMC). Cobb EMC serves around 175,000 member-owners just outside of Atlanta, Ga., and is one of 900 member-owned electric cooperatives in the United States.
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