Energy Update
The first wind turbines at a major renewable energy project in South Australia have been activated. The Hornsdale wind farm is being developed by French renewable energy producer Neoen and built by Siemens Australia.
LAGOS, July 19 (Reuters) - Nigeria's economy, the biggest in
Africa, is likely to contract by 1.8 percent this year, the
International Monetary Fund (IMF) said on Tuesday, as the
country grapples with the impact of low oil prices.
MANILA, July 19 (Reuters) - The Philippines has turned down
a Chinese proposal to start bilateral talks on their South China
Sea dispute, its foreign minister said on Tuesday, because of
Beijing's pre-condition of not discussing a court ruling that
nullified most of its claims.
ROTTERDAM, Netherlands/GHENT, Belgium, July 19 (Reuters) - A
scheme to collect millions of tonnes of greenhouse gases and
bury them under the North Sea off the coast of Rotterdam is
Europe's best hope of showing it can make carbon capture and
storage (CCS) technology work.
BENGHAZI, Libya, July 19 (Reuters) - A protest over wages
that has shut the eastern Libyan oil terminal of Hariga has
forced the operator of the Sarir oil field to suspend
production of 100,000 barrels per day, an oil company spokesman
said on Tuesday.
LAUNCESTON, Australia, July 19 (Reuters) - ExxonMobil Corp's
bid to buy a junior natural gas explorer in a remote Pacific
country shows that rare corporate ability of planning a deal at
the bottom of the commodity cycle that holds the promise of
long-term returns.
In an era of Brexit, negative interest rates, and Trump, we are getting used to the emergence and endurance of the unreal. But for something completely different, consider the strong signals of a sea change on energy policy coming from Japan’s business community. A lot of business elites have clearly thrown in the towel on nuclear and are instead openly lobbying to have Japan vault to global leadership in renewables, efficiency and smart infrastructure.
Solar photovoltaic module and system degradation continues to be an important and unresolved variable in the PV industry. Is the industry standard for degradation accounting in project finance models delivering the most accurate LCOE?
ARUSHA, Tanzania, July 19 (Thomson Reuters Foundation) -
M karima Tarimo, managing director of Tarimo Industries, a
Tanzanian company producing ice cream, yoghurt and fruit juice
for export to Europe, is a happy man.
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