Energy Update
TEL AVIV, July 5 (Reuters) - Harel Insurance Investments and
Financial Services and the Israel Infrastructure Fund
(IIF) are to buy 3 percent of the Tamar natural gas field from
Texas-based Noble Energy for $369 million.
July 5 (Reuters) - Canadian chemical maker Superior Plus
Corp said it was selling its construction products
distribution business for $325 million to reduce debt and focus
on its other businesses.
I was recently reminded of the policy maker’s penchant to think in straight lines, when preparing to brief a Vietnamese delegation of energy, environment and economic development ministers. The USAID sponsored delegation was touring the U.S. to gain greater appreciation of the role renewable energy technologies are playing in our domestic energy economy—in an effort to better appreciate the role they might play in theirs.
RIO DE JANEIRO/NEW DELHI, July 5 (Reuters) - Petrobras has
warned its Indian partners in a huge offshore project to not
expect oil from the site until 2022, according to sources, a
fresh sign of how low oil prices and the state-owned company's
corruption scandal and mountain of debt are dragging on Brazil's
energy industry.
Listen to Ineos director Tom Crotty discuss the state of the group's UK operations at present and going forwards in the aftermath of Brexit.
SAO PAULO, July 5 (Thomson Reuters Foundation) - Deep in
northern Chile's Atacama Desert, a remote community of 6,000
people is preparing to host the country's largest wind power
plant.
ASTANA, July 5 (Reuters) - Kazakhstan and a group of oil
majors led by Chevron approved on Tuesday a $36.8
billion plan to boost production at the Tengiz field, the
Central Asian nations's Energy Ministry and foreign partners
said in a joint statement.
BERLIN, July 5 (Reuters) - Germany plans to cap the
expansion of offshore wind power at the start of the next decade
to ensure the future growth of renewables keeps step with the
construction of new power lines, according to a revision to a
new energy law seen by Reuters.
KHOBAR, Saudi Arabia, July 5 (Reuters) - Saudi
petrochemicals producers are looking for mergers and
acquisitions to secure scale and raw materials as part of an
efficiency drive to adjust their businesses to lower oil prices.
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