Energy Update
When it comes to learning lessons from the past about the importance of strong shipping links and even stronger logistics, there is no doubt: all roads still lead to Rome.
DALLAS/SAN RAMON, Calif., May 25 (Reuters) - Voters at Exxon
Mobil Corp's annual meeting on Wednesday approved a
measure to let minority shareholders nominate outsiders for
seats on the company's board, meaning a climate activist could
eventually become a director at the oil giant.
A key theme that emerged during the American Wind Energy Association (AWEA) Windpower 2016 tradeshow was how people, companies and products are transitioning from the oil and gas industry into the wind industry. No doubt the downturn in oil prices and the show’s location in Louisiana are two reasons for the heightened interest in moving from one energy industry into another.
This month our motley metals crew assesses China's collapsing steel market and what the impact has been in the US and Europe.
TORONTO/MONTREAL, May 25 (Reuters) - The wildfire that has
ravaged northern Alberta and cut Canadian crude output by 25
percent is set to crimp corporate earnings beyond the oil patch,
especially hitting the rail and hospitality sectors.
Duke Energy (NYSE: DUK) announced May 24 that it has finalized a second deal in 2016 to buy captured methane gas derived from swine waste, with this planned project to be located at farms in Kenansville, N.C.
Luis P. Salaveria, a Filipino-American government official, who is the Director of the Department of Business, Economic Development and Tourism (DBEDT), visited the Philippines May 14 to 18, 2016, to learn how Hawaii can incorporate geothermal power to reduce the state’s dependency on fossil fuels and increase efficiency measures. DBEDT is a state department in the executive branch, which falls under the Office of the Governor.
BAKU, May 25 (Reuters) - Azerbaijan's state energy company
SOCAR, once a lavish spender on projects ranging from new
hospitals to the Eurovision song contest, has closed several
offices abroad to curb spending as oil prices slump, its
president said on Wednesday.
NEW YORK, May 25 (Reuters) - French rail transport company
Alstom SA has filed a U.S. lawsuit accusing General
Electric Co of breach of contract related to last
November's sale of the American industrial conglomerate's
train-signaling business.
DOHA, May 25 (Reuters) - Six international oil firms
including BP and Royal Dutch Shell Plc have bid
to operate Qatar's largest offshore oil field, two people with
knowledge of the matter told Reuters.
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