Energy Update
SAO PAULO, May 18 (Reuters) - A one-time chief of staff for
former Brazilian President Luiz Inacio Lula da Silva was
sentenced to 23 years in prison on Wednesday for corruption,
money-laundering and conspiracy in a vast bribery scandal at the
state-run oil company.
CALGARY, Alberta, May 18 (Reuters) - Hot and dry weather and
strong winds were expected to push a massive wildfire burning
near Fort McMurray, Alberta eastward on Wednesday, threatening
facilities and work camps in Canada's prized oil sands region.
OTTAWA, May 18 (Reuters) - Canada will have to set aside
more money to deal with natural disasters like wildfires, storms
and floods as climate change starts to bite, the country's
property insurance industry group said on Wednesday.
LONDON, May 18 (Reuters) - Europe's biggest oil companies,
reeling from losing billions in the two-year oil market rout,
are intensifying their push into renewable energy as they hunt
for new sources of future revenue.
JERUSALEM, May 18 (Reuters) - Israel's military said on
Wednesday it had developed a version of its Iron Dome missile
interceptor system that can be fired from the deck of a cruising
navy ship to protect its offshore gas platforms.
NEW YORK, May 18 (Reuters) - U.S. crude oil stockpiles rose
unexpectedly last week even as gasoline and distillate
inventories fell more than expected, data from the Energy
Information Administration showed on Wednesday.
PARIS, May 18 (Reuters) - Firms could move their
headquarters out of France if the government pursues legislation
to limit the remuneration of company executives, the CEO of oil
major Total said on Wednesday.
MOSCOW, May 18 (Reuters) - Russian Deputy Finance Minister
Alexei Moiseev said on Wednesday that the government would tap
the country's Reserve Fund to compensate for smaller dividends
from state gas giant Gazprom.
Caterpillar became the latest big infrastructure company to unveil a microgrid play with the recent launch of its hybrid microgrid into the global market.
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