Energy Update
In Washington, the U.S. Department of Energy announced up to $11.3 million for three projects that support the development of biomass-to-hydrocarbon biofuels conversion pathways that, as the DOE remarked, “can produce variable amounts of fuels and/or products based on external factors, such as market demand.”
Aug 12 (Reuters) - U.S. drillers this week added oil rigs
for a seventh consecutive week, the longest recovery streak in
the rig count in over two years, even as analysts revise down
rig count growth forecasts and energy firms become more cautious
the longer crude holds below $50 a barrel.
Aug 12 (Reuters) - North Dakota's daily oil production will
soon drop below 1 million barrels if it has not already done so,
a level not seen since the summer of 2014, and a recovery would
take at least a year, state regulators said on Friday.
MEXICO CITY, Aug 12 (Reuters) - A firebrand leftist who
twice narrowly missed becoming Mexico's president is riding high
with a fresh bid for election in 2018, vowing to upend a
landmark energy sector opening championed by President Enrique
Pena Nieto.
Aug 12 (Reuters) - U.S. drillers this week added oil rigs
for a seventh consecutive week, according to a closely followed
report on Friday, even as analysts revise down rig count growth
forecasts and energy firms become more cautious the longer crude
holds below $50 a barrel.
This year is set to be another record-breaker for solar power: the industry is on pace to nearly double in size by the end of 2016, and there are now more than one million solar installations in the U.S. that generated more new electricity in the first quarter of the year than coal, natural gas, and nuclear combined.
NEW YORK, Aug 12 (Reuters) - A U.S. judge denied a request
by shareholders of SunEdison Inc for an official
committee to represent them in the bankruptcy of the U.S.
renewable power plant developer, which the judge described as
"hopelessly insolvent."
Our editors examine the drivers behind gold's 25% gain year-to-date and recent developments in the precious metals market, including the new futures contract announced by the LME.
MILAN, Aug 12 (Reuters) - Asian spot liquefied natural gas
(LNG) prices fell for a second week as Pacific producers added
supply and curbs on Nigerian output were to be lifted by the end
of the month, amid thin demand.
Accenture Development Partnerships has teamed up with the University of Notre Dame Initiative for Global Development (NDIGD) and The Rural Development Company to develop solar microgrids in South Africa that aim to provide rural electrification and economic development.
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