Energy Update
ABUJA, June 27 (Reuters) - Nigeria's President Muhammadu
Buhari on Monday told a gathering of business leaders that he
did not see the benefit of the naira's currency peg against the
U.S. dollar being removed.
WASHINGTON, June 27 (Reuters) - U.S. antitrust regulators
filed a complaint on Monday to block the proposed merger of
Canadian chemical companies Superior Plus Corp and
Canexus Corp.
NEW YORK, June 27 (Reuters) - Williams Cos Inc
shareholders voted on Monday for the pipeline company's agreed
upon takeover by rival Energy Transfer Equity, while
Williams appeals a court ruling that would allow ETE to walk
away from the more than $20 billion deal.
SAO PAULO, June 27 (Reuters) - The Brazilian government has
no immediate plans to raise the so-called Cide tax on gasoline
despite a request from the sugar and ethanol sector to do so, a
senior official at the Mining and Energy Ministry said on
Monday.
Idemitsu Kosan Co., a Japanese refiner, is set to begin drilling surveys for a geothermal project in Fukushima with 10 other Japanese companies, highlighting efforts to promote clean energy in the prefecture after an earthquake in 2011 triggered the worst nuclear accident since Chernobyl.
CALGARY, Alberta, June 27 (Reuters) - Canada's oil sands
production will grow by 42 percent to 3.4 million barrels per
day by 2025, most of which will come from the expansion of
existing facilities rather than new projects, analysts at IHS
Energy said on Monday.
LAGOS, June 27 (Reuters) - Oil production in Nigeria has
risen to about 1.9 million barrels per day (bpd), from 1.6
million bpd, due to repairs and more than a week having passed
since a major pipeline attack in the Niger Delta, a state oil
company spokesman said on Monday.
ISTANBUL/MOSCOW/JERUSALEM, June 27 (Reuters) - Turkey
announced the restoration of diplomatic ties with Israel after a
six-year rupture and expressed regret to Russia over the downing
of a warplane on Monday, seeking to mend strained alliances and
ease a sense of isolation on the world stage.
Recently I traveled to San Francisco to participate in international efforts to meet the challenge of climate change and accelerate the global transition to clean energy. The main event was the Seventh Clean Energy Ministerial (CEM7), a meeting of 23 countries and the European Commission.
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