Energy Update
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KIEV, Aug 10 (Reuters) - Russian President Vladimir Putin is
looking for ways to escalate conflict with Ukraine, a spokesman
for Ukraine's foreign ministry said on Wednesday after Russia
accused Ukraine of making an armed incursion into Crimea.
LONDON, Aug 10 (Reuters) - Britain's top equity index rose
on Wednesday in its fifth straight day of gains as stronger
financial stocks offset weaker energy shares which tracked a
pullback in oil prices.
WASHINGTON, Aug 10 (Reuters) - The United States along with
France, Germany, Italy, Spain and Britain expressed concern on
Wednesday over reported rising tensions in Libya that could harm
its vital energy infrastructure.
LAGOS, Aug 10 (Reuters) - Nigeria's largest electricity
companies will shut down power supplies unless the government
pays longstanding bills it owes them and improves gas supplies,
a joint statement said on Wednesday.
KHOBAR, Saudi Arabia, Aug 10 (Reuters) - State oil giant
Saudi Aramco has appointed to its board Yasir al-Rumayyan,
managing director of its top sovereign wealth fund, in a sign
that the two institutions plan to cooperate closely to
restructure the economy in an era of low oil prices.
Our editors discuss the surprise announcement from the Turkish government to levy a $15/mt tax on imported thermal coal for power generation.
LONDON, Aug 10 (Reuters) - Unusually hot weather coupled
with cheap fuel prices caused U.S. power producers to burn a
record volume of gas last month to meet soaring demand for
electricity for airconditioning.
The 382-MW Ulu Jelai hydropower project, which began construction in 2011, is 95% complete and expected to be fully-commissioned in the third quarter of this year, in the district of Cameron Highlands, Pahang, Malaysia, according to state-owned power utility Tenaga Nasional Bhd (TNB), Malaysia's largest utility company and the project’s owner.
Aug 10 (Reuters) - Peabody Energy Corp said on Wednesday its
five-year business plan had been approved by its
debtor-in-possession lenders, the first step towards emerging
from Chapter 11 bankruptcy.
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