Energy Update
PARIS, June 16 (Reuters) - France's government stepped in to
ensure payment of unemployment benefit on Thursday after talks
aimed at securing rollover funds before a June 30 deadline
collapsed, signalling further deterioration in fraught relations
between unions and employers.
ST PETERSBURG, Russia, June 16 (Reuters) - The head of
Kremlin oil major Rosneft Igor Sechin said on Thursday
the development of the U.S. oil industry was at a cross roads
due to the country's upcoming presidential election, thus
creating risks for the global economy.
Vivint Solar Inc., the second-largest U.S. rooftop solar company, is seeking a financing package of about $300 million to help grow its operations, according to two people familiar with the deal.
PARIS, June 16 (Reuters) - French nuclear watchdog ASN said
on Thursday that utility EDF's 900-megawatt Fessenheim
2 nuclear reactor was halted on June 13 for further
investigation into suspected irregularities in a steam
generator.
BRUSSELS/WARSAW, June 16 (Reuters) - The European Union
executive on Thursday stepped up efforts to stop Poland from its
planned increase in logging in Europe's last primeval forest,
adding to bad blood between Brussels and Warsaw.
Toshiba Corp., the world’s biggest supplier of turbines used to produce electricity from the heat trapped underground, will expand its geothermal power business into operation and maintenance services as it aims to extend its lead in a global market dominated by a handful of competitors.
As Finland gets underway with development of its first offshore wind farm, developers are optimistic over what the project means for future development of offshore wind in the country.
ST PETERSBURG, Russia, June 16 (Reuters) - European
Commission President Jean-Claude Juncker defended his decision
to attend an economic forum in Russia on Thursday by saying it
was common sense to talk to Moscow despite lingering tensions
over the Ukraine crisis.
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