Energy Update

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* Australia makes preliminary decision to block bids for
Ausgrid

SINGAPORE, Aug 11 (Reuters) - Oil prices fell early on
Thursday as a build in U.S. crude inventories and record Saudi
Arabian production weighed on markets.

Just a few short years ago, the UK was being touted as one of the leading countries for producing and developing a solar PV infrastructure. Subsidies were beneficial, the industry was growing and, despite a few objections over the odd solar farm location, everything was looking rosy in the renewables garden.

The Kenya government, with the support of a 33-million-euro credit from the French government, plans to install 23 solar mini-grid power stations with the capacity to produce 9.6 MW of power to connecthouseholds in remote northern Kenya to electricity.

Italian engineering firm Ansaldo Energia recently said it has received a notice to proceed on a contract to upgrade a geothermal plant in West Java, Indonesia.

Toshiba Corp., the world’s biggest supplier of geothermal turbines, plans to work with the government organization responsible for developing geothermal power in Djibouti, to promote the energy source.

LIMA, Aug 10 (Reuters) - A fresh oil spill in the Peruvian
Amazon was detected from the country's four-decades-old pipeline
on Thursday, operator Petroperu said, bringing the
number of leaks this year to four.

SAO PAULO, Aug 10 (Reuters) - Cosan SA Industria & Comercio
, one of Brazil's largest energy and logistics group,
missed second-quarter profit estimates on Wednesday after
revenue declined and expenses and taxes rose sharply.

Aug 10 (Reuters) - Chesapeake Energy Corp said on
Wednesday that it would sell its Barnett shale acreage in Texas
to private equity-backed Saddle Barnett Resources LLC and had
renegotiated an expensive pipeline contract with Williams
Partners LP, steps that should save more than $1.9
billion in future liabilities.

Aug 10 (Reuters) - Two of the fuel tanks on the drilling rig
Transocean Winner, which ran aground off the northwest coast of
Scotland after breaking free while being towed, have leaked an
unknown amount of diesel oil, the UK's Maritime and Coastguard
agency (MCA) said on Wednesday.

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