Energy Update
GOMA, Democratic Republic of Congo, June 14 (Reuters) -
C hina's Sinohydro and China Railway Group
will finance a $660 million hydroelectric plant in southeastern
Democratic Republic of Congo which is being built to reduce the
copper-mining region's power deficit.
PARIS, June 14 (Reuters) - Total plans to take
over Lampiris, Belgium's third-largest natural gas and renewable
power vendor, as the French oil and gas major continues its
expansion in renewable power.
SANTO DOMINGO, June 14 (Reuters) - U.S. Secretary of State
John Kerry will meet his Venezuelan counterpart Delcy Rodriguez
on Tuesday alongside a meeting of Western foreign ministers,
U.S. officials said, amid increasing international pressure on
Venezuelan President Nicolas Maduro's socialist government.
OSLO, June 14 (Reuters) - A reawakening of Norwegian
high-yield corporate bonds has raised hopes of an eventual
resurgence for the multi-billion dollar market, which has dried
up as the oil industry grapples with lower prices.
SYDNEY, June 14 (Reuters) - Monaco-based oil services
company Unaoil said on Tuesday it was launching legal action
against Australia's Fairfax Media group, publisher of the Sydney
Morning Herald, over reports linking it to corrupt practices
involving big oil companies.
Solar power could deliver $400 billion in environmental and public health benefits throughout the United States by 2050, according to a study from the U.S. Department of Energy (DOE)’s Lawrence Berkeley National Laboratory (Berkeley Lab) and National Renewable Energy Laboratory (NREL).
Tata Power Company Ltd. agreed to buy a 1.1-GW solar and wind portfolio from Welspun Renewable Energy Pvt in India’s biggest clean energy deal, according to an exchange filing.
TOKYO, June 14 (Reuters) - Nissan Motor Co said on
Tuesday it was developing fuel cell vehicle (FCV) technology
using ethanol as a hydrogen source in what would be an industry
first, and planned to commercialise its system in 2020 as part
of efforts to develop cleaner cars.
(Tue, 14 Jun 2016) The Tennessee Valley Authority's (TVA) Watts Bar Unit 2 was connected to the power grid on June 3, becoming the first nuclear power plant to come online since 1996, when Watts Bar Unit 1 started operations. Watts Bar Unit 2 is undergoing final testing, producing electricity at incremental levels of power, as TVA prepares to start commercial operation later this summer.
(Tue, 14 Jun 2016) For 2015, the U.S. Energy Information Administration (EIA) estimates that members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $404 billion in net oil export revenues (unadjusted for inflation). This represents a 46% decline from the $753 billion earned in 2014, mainly as a result of a precipitous fall in average annual crude oil prices during the year, and to a lesser extent to decreases in the level of OPEC net oil exports.
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