Energy Update
HOUSTON, Aug 5 (Reuters) - Venezuelan crude sales to the
United States increased to 817,806 barrels per day (bdp) in
July, the highest level since November, due to larger exports of
grades produced in the vast Orinoco Belt, according to Thomson
Reuters trade flows data.
Brookfield Renewable Partners LP is weighing the sale of its Ontario and Irish wind farm portfolios as low interest rates create an attractive market for such assets.
Apple Inc., which spent $850 million last year on a 130-MW solar farm near San Francisco, can begin selling power into wholesale markets in the latest foray by a technology company into the energy business.
SINGAPORE, Aug 5 (Reuters) - Oil traders on Friday were
lamenting the imminent demise of their main communication tool,
Yahoo Messenger, which has been an industry standard since the
late 1990s.
A 5-MW battery storage ‘virtual power plant’ will be established in South Australia in a bid to stabilize volatile power prices and support renewable energy.
LONDON, Aug 5 (Reuters) - Italy's IPLOM oil refinery
remained closed on Friday, awaiting a judge's decision on a plan
to monitor a connecting pipeline that spilled oil earlier this
year, a company spokeswoman said.
Rhode Island Gov. Gina Raimondo took to Twitter yesterday to announce the successful installation of the first offshore wind turbine in U.S. waters.
Petrochemicals are offering growth as energy companies struggle with lingering low crude prices, though there are some setbacks.
Renewable energy has recently become a source of tension for the Hawaiian Islands, as the Hawaiian Electric Companies (HECO) struggle to accommodate the stunning growth of distributed solar generation. Given its location and climate, Hawaii has an abundance of potential solar electricity, and like any island, it faces an inherently high cost of electricity generated from imported fuels, with effective rates ranging from 26.3 to 37.6 cents per kWh.
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