Energy Update
BOGOTA, June 23 (Reuters) - Colombia's state oil company
Ecopetrol offered 20 oil and gas blocks for auction on
Thursday, part of a company plan to cut back amid low global
crude prices.
CARACAS, June 23 (Reuters) - Oil prices will likely rise $10
per barrel over the summer, Venezuelan Oil Minister Eulogio del
Pino told a local radio network on Thursday.
June 23 (Reuters) - A unit of Tokyo Electric Power Co
Holdings Inc (Tepco) lost track of electricity usage
for about 6,400 households in Tokyo due to an apparent technical
glitch, leaving new power companies unable to bill some
customers, the Nikkei reported.
WASHINGTON, June 23 (Reuters) - The talks held by a top U.S.
diplomat in Venezuela, which included meetings with Venezuelan
President Nicolas Maduro and opposition figures and civil
society activists, were good and constructive, a State
Department spokesman said on Thursday.
June 23 (Reuters) - Volkswagen AG's diesel
emissions settlement with U.S. regulators is valued at nearly
$10.3 billion, a source briefed on the agreement said on
Thursday.
CALGARY, June 23 (Reuters) - Oil output from Canada's vast
reserves is set to outpace infrastructure to bring that crude to
market in coming years, the Canadian Association of Petroleum
Producers (CAPP) said on Thursday, even as it scaled back its
long-term growth forecast.
PG&E Corp.’s plan to shut California’s last nuclear power plant by 2025 would cost $15 billion if all its output is replaced with solar-generated electricity at current prices, according to Bloomberg Intelligence analysts.
SANTIAGO, June 23 (Reuters) - A Chilean court ordered that a
prominent former senator be placed under nighttime house arrest,
while authorities investigate him for possible tax fraud and
bribery.
Offshore wind turbine provider Adwen and blade provider LM Wind Power have unveiled what they say is the longest wind turbine blade in the world.
The tiny East African countries of Rwanda, Djibouti and the Union of Comoros have joined the African league of geothermal power producers, in a field still dominated by Kenya after applying and getting funding to commence surface studies and drilling operations from the US$ 115 Geothermal Risk Mitigation Facility fund, which is administered by the African Union.
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