Energy Update
NANTES, France, June 17 (Reuters) - A Chinese investment in
France's high-voltage network would be a sensitive issue and
utility EDF's grid unit, RTE, is not in talks with Chinese
counterpart China State Grid, as part of a plan to open its
capital, RTE's chief executive said on Thursday.
LONDON, June 17 (Reuters) - British lawmakers called on
Friday for the operation of the country's energy transmission
network to be transferred from National Grid to an
independent system operator, similar to the model used in the
United States.
NEW YORK, June 16 (Reuters) - The World Bank's $16 million
deal to hedge oil for Uruguay is a small one, but its a
milestone for the institution more than a year after it first
got approval for commodity-specific hedges, and it expects
others to follow.
MEDELLIN, Colombia, June 16 (Reuters) - Latin America offers
ample opportunities for the energy sector, but governments must
make changes to protect investors from legal headaches, industry
leaders at the World Economic Forum's Latin America meeting in
Colombia said on Thursday.
June 16 (Reuters) - A Venezuelan businessman pleaded guilty
on Thursday to charges stemming from what the U.S. Justice
Department called a large, ongoing investigation into bribery at
Venezuela's state oil company.
June 16 (Reuters) - Suncor Energy Inc has launched
an auction of its Petro-Canada lubricants division, whose white
mineral oils are sprayed on gummy bear candy to make it shiny
and prevent sticking, people familiar with the matter said.
Just nine months after pay-as-you-go (PAYG) off-grid solar company PEG announced that it had raised $3.2 million to expand its presence in Ghana, today the company announced that it has raised an additional $4.3 million to continue that expansion.
The shipping industry is a marketplace where massive deals concerning the movement of millions of barrels of oil on behemoth ships can be made over a third pint at the local pub.
June 16 (Reuters) - Banks in Texas and parts of Louisiana
and New Mexico are setting aside more money to guard against
loan losses as the energy companies they serve struggle amid
still-low oil prices, the Dallas Federal Reserve Bank said in a
report Thursday.
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