Energy Update
COPENHAGEN, May 12 (Reuters) - Danish majority state-owned
utility DONG energy plans an initial public
offering (IPO) on the Nasdaq Copenhagen stock exchange this
summer, it said in an intention to float statement issued on
Thursday.
FRANKFURT, May 12 (Reuters) - German utility RWE
has sold 90 percent of its 2016 power production, 90 percent of
2017 output, and 70 percent of 2018 production at above-market
prices, it said on Thursday.
TOKYO, May 12 (Reuters) - Japan Petroleum Exploration
(Japex) will not restart production at its Hangingstone oil
sands concession in Alberta, Canada, for the foreseeable future
due to low prices, even after devastating fires in the area were
brought under control.
BEIJING, May 12 (Reuters) - China National Petroleum Corp
(CNPC), the parent of PetroChina , said on
Thursday that it will start laying the China section of a second
crude oil pipeline to Russia in June.
OKLAHOMA CITY, May 12 (Reuters) - As the number of
earthquakes in Oklahoma exploded into the hundreds in the last
few years, nearly a dozen insurance companies moved to limit
their exposure, often at the expense of homeowners, a Reuters
examination has found.
(Thu, 12 May 2016) EIA's recently released International Energy Outlook 2016 projects that world energy consumption will grow by 48% between 2012 and 2040. Most of this growth will come from non-OECD countries, including countries where demand is driven by strong economic growth, particularly in Asia. Non-OECD Asia, including China and India, accounts for more than half of the world's total increase in energy consumption over the projection period.
(Thu, 12 May 2016) EIA releases annual data for 2014 about alternative fuel vehicle (AFV) supply and fuel use and number of vehicles for four types of vehicle fleets: federal government, state government, transit agencies, and fuel providers.
TOKYO - Nissan Motor Co confirms that it is in talks with
Mitsubishi Motors Corp over a potential investment, after
sources said Nissan was considering taking a controlling stake
in its smaller, scandal-hit rival.
(NISSAN-MITSUBISHIMOTORS/INVESTMENT (UPDATE 3, PIX, GRAPHICS),
moved, by Maki Shiraki and Naomi Tajitsu, 615 words)
May 12 (Reuters) - Local governments across China are
binging on debt again to pump-prime their slack economies. But
this time round, they are not wasting money propping up zombie
factories or loss-making steel plants.
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