Energy Update
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.
TOKYO, July 5 (Reuters) - Idemitsu Kosan Co Ltd and
its founding family will meet next week on the family's
opposition to Japan's second-biggest refiner's plan to buy
smaller rival Showa Shell Sekiyu KK, the office of the
family's lawyer told Reuters on Tuesday.
HONG KONG, July 5 (Reuters) - Hong Kong stocks fell on
Tuesday as investors locked in some of their profit after three
straight sessions of gains with consumer staples and property
stocks leading the slide.
July 5 (Reuters) - As oil prices began recovering from
13-year lows early this year, U.S. shale producers ramped up
their hedges against another slump on a scale unseen for at
least a year, a Reuters analysis of company disclosures shows.
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