Energy Update
PARIS, May 23 (Reuters) - France's hardline CGT union said
on Monday that workers at Elengy, which operates
three liquefied natural gas (LNG) terminals in France, will go
on strike from midnight until May 26 midnight included.
May 23 (Reuters) - Oil prices pared losses on Monday morning
after market intelligence firm Genscape reported a drawdown of
nearly 1 million barrels at the Cushing, Oklahoma delivery point
for U.S. crude futures in the week to May 20, traders said.
Stray reports since last summer that partnership flips are not permitted under the Internal Revenue Code in solar transactions have confused some developers and investors. As it turns out, the reports of the partnership flip’s demise for solar transactions are “greatly exaggerated.”
DUBAI, May 23 (Thomson Reuters Foundation) - As the Gulf
states take steps to expand their use of clean energy, a bold
plan by the United Arab Emirates to boost its use of renewable
electricity from less than 1 percent to 24 percent in the next
five years could be a game-changer for the region, experts say.
BEIRUT, May 23 (Reuters) - Indian Prime Minister Narendra
Modi on Monday pledged up to $500 million to develop the
southern Iran port of Chabahar, in a move to give his country
trade access to Iran, Afghanistan and central Asia.
PARIS, May 23 (Reuters) - Union members at Total
101,000 barrels-per-day Grandpuits refinery have voted on Monday
to shut down production as part of an ongoing protest over
labour reform laws, an FO union official told Reuters.
LONDON, May 23 (Reuters) - U.S. investment firm General
Atlantic will acquire a majority stake in oil price reporting
agency Argus Media in a deal valuing London-based Argus at
nearly 1 billion pounds ($1.45 billion).
BRASILIA, May 23 (Reuters) - Brazilian federal police on
Monday arrested a former treasurer of one of the parties in the
country's ruling coalition as part of a wide-ranging graft probe
centered on state-run oil company Petrobras, prosecutors said.
PRAGUE, May 23 (Reuters) - Czech miners' unions have teamed
up with lignite mine owner Pavel Tykac and another investor to
make on offer for New World Resources'
insolvent mining subsidiary OKD, the unions said on Monday.
MUSCAT, May 23 (Reuters) - A group of Chinese investors have
signed an agreement to build an industrial park at Oman's
southern port of Duqm in a project that could attract billions
of dollars of investment, government and company officials said
on Monday.
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