Energy Update
CALGARY, Alberta, May 25 (Reuters) - The salt-of-the-earth
farmers and ranchers in the western Canadian town of Claresholm
thought Darryl Rondeau and his girlfriend were just desperate
for shelter and food, like many of the thousands of evacuees
escaping the wildfire-stricken oil patch up north.
HELSINKI, May 26 (Reuters) - French nuclear group Areva
has broken off talks with Finnish utility
Teollisuuden Voima (TVO) over the delayed Olkiluoto 3 nuclear
reactor, TVO said on Thursday.
TORONTO, May 26 (Reuters) - Canada's biggest banks on
Thursday warned of further losses in coming quarters as energy
companies struggled to repay loans, even as growth in wealth
management and retail banking helped the banks report
better-than-expected second-quarter results.
WASHINGTON, May 26 (Reuters) - U.S. business spending
intentions weakened in April for a third straight month amid
soft demand for machinery, but a surge in contracts to purchase
previously owned homes to a 10-year high supported views
economic growth was gaining speed.
LAGOS, May 26 (Reuters) - Nigerian oil minister Emmanuel Ibe
Kachikwu said on Thursday that the government needs to improve
its amnesty programme for militants in Niger Delta to address
"neglect by the government and international oil companies".
The dry bulk freight market is suffering its worst period in decades. However, even this bearish environment can bring some interesting opportunities for the right shipping players.
Italian construction and civil engineering firm Salini Impregilo has been awarded a US$2.8 billion contract to build the 2,200-MW Koysha hydropower plant in Ethiopia.
A solar power project in Australia’s largest grape growing region is giving struggling vignerons a sunny alternative.
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