Energy Update
VIENNA, June 2 (Reuters) - OPEC is set for another showdown
between rivals Saudi Arabia and Iran when it meets on Thursday,
with Riyadh trying to revive coordinated action and set a formal
oil output target but Tehran rejecting the idea.
MIDLAND, Texas/HOUSTON, June 2 (Reuters) - As crude prices
plummeted last summer, Steve Pruett, chief executive of a small
west Texas oilfield developer, idled a drilling rig, opting to
pay $21,000 a day to store it rather than dig more wells and
risk bigger losses.
(Thu, 02 Jun 2016) Projections for renewable electricity capacity in the U.S. Energy Information Administration's most recent Annual Energy Outlook (AEO) are significantly higher than the projections in AEO2015. The December 2015 enactment of the Consolidated Appropriations Act, 2016, which extended certain tax credits for renewable generation technologies, and the August 2015 promulgation of the U.S.
OSLO, June 2 (Reuters) - Norway's Civil Aviation Authority
has extended its ban on the use of Airbus H225 Super
Puma Helicopters in Norway to include search and rescue
missions, the agency said in a statement on Thursday.
MANILA, June 2 (Reuters) - The new Philippine administration
needs to review dozens of coal-fired power projects now underway
or still on the drawing board as it seeks increased use of
renewable energy, the country's incoming economic planning chief
said.
SYDNEY, June 2 (Reuters) - Glencore plans to close
its Tahmoor coal mine in Australia by early 2019 due to low
prices for metallurgical coal used in steelmaking, the company
said.
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