Energy Update
RIO DE JANEIRO, Aug 11 (Reuters) - State-led oil company
Petrobras reported second-quarter profit that fell by
nearly a third from a year earlier, missing analysts'
expectations as oil prices fell and it took charges for layoffs
and the impairment of a refinery.
Aug 11 (Reuters) - Caterpillar Inc expects no
significant demand growth for its energy and transportation
products for the rest of 2016 as oil prices stay weak, a senior
executive said on Thursday.
Aug 11 (Reuters) - Wood Group and trade unions Unite and RMT have agreed to suspend
strikes announced on Tuesday and restart the process to resolve a dispute over pay cuts and
working conditions for Wood Group workers employed on Shell's North Sea oil and gas
platforms.
India is targeting a more than sevenfold expansion in its biofuels market over the next six years, stepping up the country’s efforts to cut its reliance on energy imports.
I was sitting in a small room 10,000 miles away from home in October of 2009 working for a developer focused primarily on geothermal energy. Two weeks before, my flight from the U.S. had been booked by an administrative assistant without even telling me I was going to leave the country in 10 days.
Divided was the third most quoted word given by U.S. voters in response to a recent Associated Press-NORC Center for Public Affairs Research poll asking for a one-word description of the current state of the union. Confused ranked fifth.
HOUSTON, Aug 11 (Reuters) - A blaze broke out on Thursday at
Motiva Enterprises 235,000 barrel per day (bpd)
Convent, Louisiana refinery, heavily damaging the structure of
the heavy oil hydrocracker before being extinguished in the
afternoon, sources familiar with plant operations said.
Aug 11 (Reuters) - U.S. oil refiner CVR Energy Inc,
backed by activist investor Carl Icahn, is preparing to make an
offer to buy smaller peer Delek US Holdings Inc, the New
York Post reported, citing a source close to the situation.
RIO DE JANEIRO, Aug 11 (Reuters) - Brazil's state-controlled
oil company Petroleo Brasileiro SA recorded a
370-million-real ($118-million) net profit in the second
quarter, the Rio de Janeiro-based company said in a statement.
The political season is in full swing with all the associated campaign promises coming from both sides of the aisle as candidates vie for support — claims of putting the power of the federal government behind making the U.S. a clean energy superpower and claims of both revitalizing the coal industry and supporting renewable energy measures.
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