Energy Update
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.
Molten salt technology is being developed for use in mineral processing in the mining industry to reduce energy and water costs.
MOSCOW, June 27 (Reuters) - Russian gas giant Gazprom
said on Monday it was still open to negotiations on
the suspended TurkStream pipeline project, Russian news agencies
reported.
NEW YORK, June 27 (Reuters) - With gasoline costing the
least since 2005, U.S. motorists will hit the road this upcoming
July 4 holiday weekend in record numbers, according to the
nation's largest motoring group.
When Toto pulls back the curtain in the Wizard of Oz to reveal that the Wizard is just a normal man with no special powers the Wizard says: Pay no attention to the man behind the curtain. In the case of the proposed stock acquisition of SolarCity by Tesla, pulling the curtain would reveal two debt ridden companies with cash flow problems.
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