Energy Update
CAIRO, June 15 (Thomson Reuters Foundation) - As young
people across the Middle East grapple with a lack of employment,
a growing number of Egyptian entrepreneurs are learning that
eco-friendly businesses can solve environmental problems and
boost their bottom line.
SYDNEY, June 15 (Reuters) - Exxon Mobil Corp and BHP
Billiton Ltd said on Wednesday that they are
considering selling depleting energy assets in Australia,
including Kingfish, the country's largest ever discovered oil
field.
MELBOURNE, June 15 (Reuters) - Takeover target InterOil Corp
said on Wednesday a protest vote against its directors
at a shareholders' meeting will have no bearing on an upcoming
vote on a $2.2 billion bid for it by Australia's Oil Search
.
LONDON, June 15 (Reuters) - The chief executive of
Rolls-Royce has told his British staff that the aerospace
and industrial power engineering group is better off in the EU,
warning that leaving could result in some investment decisions
being put on hold.
LONDON, June 15 (Reuters) - The average cost of electricity
generated by solar and wind energy could fall by up to 59
percent by 2025 if the right policies are in place, a report by
the International Renewable Energy Agency (IRENA) said on
Wednesday.
LONDON, June 15 (Reuters) - Oil's battle to reclaim $50 a
barrel may have left it in a sticky situation, where the price
is too low to lure fresh investor bulls and too high to force
more production offline.
* Iran May crude imports 1.26 mln tonnes vs 541,510 year
earlier
* Jan-May oil imports from Iran more than double from year
before
* Total crude imports in May down 4 pct
The world’s largest emergency stockpile of crude oil is quickly falling apart.
NEW YORK, June 15 (Reuters) - Azeri state oil company
Socar's trading division is looking to expand in North America,
having opened an office in Calgary in recent months and eyeing a
second one in Houston, its chief executive told Reuters.
(Wed, 15 Jun 2016) Electricity sales, as projected in the U.S. Energy Information Administration's most recent Annual Energy Outlook (AEO2016) Reference case, increase in each sector through 2040. In 2015, 3.7 trillion kilowatthours (kWh) of electricity were sold, and total electricity sales are projected to rise 0.7% annually through the projection period. The residential sector currently purchases the most electricity, with a 38% share of total electricity sales in 2015.
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