Energy Update
July 12 (Reuters) - Valero Energy Corp said on
Tuesday it bought Kinder Morgan Inc's 50 percent stake
in Parkway Pipeline LLC, previously a joint venture between the
two companies.
July 12 (Reuters) - Valero Energy Corp bought the
remaining 50 percent stake in Parkway Pipeline LLC and said it
would gain increased access to eastern United States by
connecting the pipeline to Colonial Pipeline Co's Gulf
Coast-to-U.S. Northeast system.
MEXICO CITY, July 12 (Reuters) - Former Mexican electricity
official Enrique Ochoa is set to be ratified as head of Mexico's
ruling Institutional Revolutionary Party (PRI), the party said
on Tuesday.
HAVANA, July 12 (Reuters) - Cuba's 65,000-barrels-per-day
(bpd) Cienfuegos refinery will be partially shut for 120 days
this year due to maintenance and produce only minimum output, a
top official at Venezuelan state oil firm PDVSA said on Tuesday.
DUBAI/PARIS, July 12 (Reuters) - Iran said on Tuesday it had
reached an agreement with France to take part in a
multi-national nuclear fusion project, a year after it struck a
deal with six world powers to curb its own atomic programme.
TORONTO, July 12 (Reuters) - Wolf Infrastructure, a
midstream oil and gas firm backed by the Canada Pension Plan
Investment Board, is close to buying Devon Energy Corp's
50 percent stake in the Access Pipeline in Western Canada,
Bloomberg reported on Tuesday.
NEW YORK, July 12 (Reuters) - The U.S. Energy Information
Administration cut its forecast for U.S. oil demand growth in
2016, and increased its demand growth forecast for 2017,
according to a monthly outlook issued on Tuesday.
WASHINGTON, July 12 (Reuters) - The United States said on
Tuesday that an arbitration court ruling that China has no
historic title over the waters of the South China Sea should be
treated as final and binding and not as a reason to raise
tensions.
According to Lynn Jurich, CEO and co-founder of SunRun and a speaker during Intersolar’s opening ceremony on Monday night in San Francisco, the notion that solar customers are increasing costs for other ratepayers is false. “It’s a total red herring,” she said.
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