Energy Update
HOUSTON, July 27 (Reuters) - Hess Corp said on
Wednesday it was pursuing legal action against Schlumberger NV
for $40 million or more, claiming the oilfield service
provider supplied a defective valve for a U.S. Gulf of Mexico
oilfield that shuttered three wells and crimped production.
July 27 (Reuters) - California's power grid operator issued
an alert urging consumers to conserve electricity on Wednesday
as a heat wave baked the state, especially in the north.
MEXICO CITY, July 27 (Reuters) - Mexico's deputy energy
minister for hydrocarbons, Lourdes Melgar, a key player behind
the country's 3-year-old energy reform, will step down from her
post at the end of the week, two sources with knowledge of the
decision said on Wednesday.
Development of the European Offshore Wind Deployment Centre (EOWDC) is now firmly underway after a series of announcements confirmed a final investment decision from Vattenfall and several supply contracts for the project.
July 27 (Reuters) - Saskatchewan Premier Brad Wall said on
Wednesday he was not satisfied with Husky Energy Inc's
emergency response to an oil spill into a river that supplies
drinking water, and said the western Canadian province needed to
consider ways to avoid a recurrence.
Amid the upheaval of Brexit lies cautious optimism that Theresa May’s new government may hold better times for the UK renewable energy industry. Gone is the hawkish chancellor George Osborne — determinedly pro nuclear and fracking — while former energy and climate change secretary Amber Rudd, whose policy lurches over subsidy levels damaged so many green businesses, is now Home Secretary.
NEW YORK, July 27 (Reuters) - Investors disappointed with
tepid bond yields have been hunting for income in the stock
market - boosting to near record highs the outperformance of
dependable dividend paying companies and going beyond those
usual suspects to corners of the market not typically known for
their payouts.
What do self-driving cars, the Mars rover and remote solar site assessment have in common? All three technologies use Light Detection and Ranging (LIDAR).
MEXICO CITY, July 27 (Reuters) - Mexico's oil regulator on
Wednesday said state-owned oil company Pemex must take a minimum
45 percent stake in its first-ever proposed joint venture with
would-be private partners to develop oil reserves in the Gulf of
Mexico's deep waters.
NEW YORK, July 27 (Reuters) - Private equity firm Carlyle
Group L.P. posted higher-than-expected quarterly earnings
on Wednesday as a rebound in oil prices and a firmer global
financial market bolstered investment returns.
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