Energy Update
NEW YORK, July 22 (Reuters) - U.S. independent refiners such
as Valero Energy Corp and Phillips 66 look set
to post another quarter of disappointing earnings, putting the
industry on track for its worst year since the U.S. shale boom
began in 2011.
(Fri, 22 Jul 2016) In the electric power sector, load shapes refer to the varying amounts of electricity required over time. Daily load shapes vary by region, climate, and time (daily, monthly, seasonally). Each day, balancing authorities?the entities charged with balancing electric supply and demand?forecast hourly electricity demand on their system for the next day.
Austin, my home for the past 35 years, is typically a pretty sunny place year-round. But summer is when I am reminded of the sun’s unwavering presence and strength. Fortunately, Texas is beginning to put those rays to work, as evidenced the Solar Energy Industries Association’s (SEIA) newest U.S. Solar Market Insight.
SYDNEY, July 22 (Reuters) - Papua New Guinea Prime Minister
Peter O'Neill on Friday survived a no-confidence vote, EMTV
reported, an outcome unlikely to end the upheaval in a country
developing lucrative projects with energy majors ExxonMobil Corp
and French giant Total SA.
LONDON, July 21 (Reuters) - Fears that U.S. refiners will
cut crude processing in response to deteriorating margins and
rising gasoline stocks have haunted the oil market for the past
two months.
ABUJA, July 21 (Reuters) - The Nigerian government is
talking to militants in the Niger Delta to end a wave of attacks
on oil and gas facilities which have cut oil production by
700,000 barrels a day, top officials said on Thursday.
July 21 (Reuters) - Schlumberger Ltd, the world's
No.1 oilfield services provider, said the oil downturn appeared
to have bottomed out and it was considering rolling back pricing
concessions.
July 21 (Reuters) - ExxonMobil Corp said on Thursday
it would buy InterOil Corp for more than $2.5 billion in
stock, adding a gas field to expand exports from Papua New
Guinea and better positioning it to meet Asian demand for
liquified natural gas.
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