Energy Update
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.
New Zealand History: Righting the Wrongs The nation of New Zealand was founded in 1840 when the Treaty of Waitangi was signed by indigenous Maori tribes and the British Government. New Zealand is rich in opportunity for development of natural resources, including geothermal resources.
Aug 10 (Reuters) - U.S. coal miner Peabody Energy Corp said
its business plan was approved by its debtor-in-possession
lenders, clearing the first step towards emerging from Chapter
11 bankruptcy.
Sugar production in Brazil's CS could improve by as much as 1 million mt in the 2017-18 season if investments are made in expanding the production capacity at sugar mills.
PARIS, Aug 10 (Reuters) - Western countries including the
United States, France and Britain said in a joint statement on
Wednesday they were concerned by mounting tension around the
Zueitina oil terminal in Libya.
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