Energy Update
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.
Assessing the changing profile of Russian refineries and exports, as lower crude oil prices, tax reforms, refinery upgrades and financing difficulties create a mixed outlook.
May 25 (Reuters) - U.S. crude inventories slumped last week,
the biggest weekly drop in seven weeks, as imports dropped and
refiners cut output, while gasoline stocks soared ahead of the
start of the U.S. driving season, the government said on
Wednesday.
May 25 (Reuters) - Oilman Abraham Shiera has been granted
bail in return for a $1 million bond payment, as he awaits
sentencing in Houston after admitting to taking part in a $1
billion conspiracy to pay bribes for contracts from PDVSA,
Venezuela's state oil company.
PARIS, May 25 (Reuters) - A proposed French tax targeting
palm oil will most likely be approved later this year after a
meeting between both parliamentary assemblies on Wednesday
failed to agree on a wider biodiversity bill, members of the
Senate said.
May 25 (Reuters) - The French industrial company Alstom SA
has filed a U.S. lawsuit accusing General Electric Co
of breaching a contract related to the latter's sale of a
rail signaling business last November.
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