Energy Update
Seldom in industrial evolution do momentous changes occur rapidly, especially in industries like electricity that have been stable for decades. In electricity, we are at the brink of just such an inflection point. For students of industrial mutation, this is ‘whoopee’ time. Curiously, business schools and the economics profession appear to ignore the tectonic shifts.
May 27 (Reuters) - Hercules Offshore Inc said it
planned to file for prepackaged Chapter 11 bankruptcy, just six
months after the rig contractor emerged from bankruptcy
protection.
BELGRADE, May 27 (Reuters) - Serbia will cut wholesale
prices of natural gas for households and industry from June by
3.6 percent and 4 percent, respectively, mainly to reflect a
weaker U.S. dollar exchange rate, energy regulator AERS said on
Friday.
YENAGOA, May 27 (Reuters) - Militants attacked crude oil and
gas pipelines operated by Nigeria's state oil firm in the Niger
Delta, a community leader said on Friday, in an attack claimed
by the Niger Delta Avengers, which has been targeting energy
facilities for weeks.
PARIS, May 27 (Reuters) - French riot police removed
picketers and barricades blocking access to a large fuel
distribution depot as President Francois Hollande warned
anti-reform protesters on Friday that he would not let them
strangle the economy.
KHOBAR, Saudi Arabia, May 27 (Reuters) - Saudi Arabia's
state oil giant Aramco discovered new oil and gas fields last
year and the kingdom is committed to continue investing in its
energy sector to meet future demand, its new energy minister
said.
Russia’s oil major Rosneft has entered into an agreement with Indonesia’s state-owned Pertamina to construct a new oil refinery in the country.
May 27 (Reuters) - Global mining company Anglo American Plc
said it appointed Bruce Cleaver as chief executive of
its diamond mining unit De Beers Group, after previous CEO
Philippe Mellier decided to step down.
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