Energy Update
July 20 (Reuters) - The U.S. government and American units
of Enbridge Inc announced a settlement on Wednesday in
which the Canadian pipeline company will pay $177 million after
two 2010 oil spills that released crude oil in Michigan and
Illinois.
TORONTO, July 20 (Reuters) - Canada's main stock index set
an 11-month high on Wednesday as oil prices turned higher and
financial and energy shares advanced, offsetting losses for gold
stocks as the precious metal fell.
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milestones, details, price reaction, background)
NEW YORK, July 20 (Reuters) - Crude oil stocks in the United
States fell for the ninth consecutive week and gasoline
stockpiles posted a surprise build last week, data from the U.S.
Energy Information Administration showed on Wednesday.
Crude inventories fell 2.3 million barrels in
CARACAS, July 20 (Reuters) - Oil services provider
Halliburton Co on Wednesday reported a $148 million loss
as a result of accepting a promissory note in exchange for
unpaid invoices linked to Venezuela operations.
Elon Musk’s plan for Tesla Motors Inc. to acquire SolarCity Corp. hinges on a symbiosis that doesn’t exist. At least not yet.
July 20 (Reuters) - The U.S. Justice Department and
Environmental Protection Agency and U.S. units of Enbridge Inc
reached a settlement under which the pipeline company
will pay $177 million after a 2010 oil spill that released crude
oil in Michigan and Illinois, Enbridge said on Wednesday.
In an effort to kick-start demand for its Powerpack energy storage solution, Tesla Energy is initiating pilot projects that demonstrate the value of energy storage to potential customers in the commercial space. One of the first of these pilots, a 4-MW storage project at California’s College of Marin, celebrates its ribbon cutting on July 19.
The booming renewable energy industry is not only helping the world transition away from fossil fuels, it’s also providing job opportunities for people who are in most need of them.
Contractors, homeowners and clean energy advocates across the U.S. are celebrating a much-anticipated Federal Housing Administration ruling that takes perceived risks out of a billion-dollar home energy financing vehicle known as PACE (Property Assessed Clean Energy).
July 20 (Reuters) - Halliburton Co, the world's No.2
oilfield services provider, posted a quarterly loss, compared
with a year-earlier profit, hurt mainly by the $3.5 billion fee
it paid for terminating a deal to buy Baker Hughes Inc.
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