Energy Update
EDMONTON, Alberta, May 11 (Reuters) - Market participants
are closely watching on Wednesday for the prospect of further
restarts by Canadian oil sands producers near wildfire-ravaged
Fort McMurray as some companies began slowly bringing operations
back online.
FRANKFURT, May 11 (Reuters) - German utility E.ON
has made forward sales of its central European power production
at above-market prices for most of the next two years, but it
faces power generation losses once the contracts expire, slides
showed on Wednesday.
May 11 (Reuters) - Oilfield services provider John Wood
Group Plc warned that full-year core earnings would be
about 20 percent lower than the last year, as it had seen
further margin pressure due to lower activity by customers.
FRANKFURT, May 11 (Reuters) - E.ON, Germany's
largest utility, reported an eight percent rise in first-quarter
core earnings on Wednesday, citing a one-off price-cutting deal
for gas purchases and saying the split-up of the group remained
top of the agenda.
(Wed, 11 May 2016) Global passenger travel by light-duty vehicles, bus, rail, and two- and three-wheeled vehicles reached nearly 24 trillion passenger miles in 2012 (the most recent year with detailed international travel statistics). In 2012, the average person traveled 3,300 miles annually, with wide differences across countries that are generally related to differences in per-capita income.
(Wed, 11 May 2016) Projections of world energy supply and demand through 2040.
JAKARTA, May 11 (Reuters) - Indonesia's state-owned
aluminium producer PT Indonesia Asahan Aluminium (Inalum) plans
to increase its output to 500,000 tonnes a year by 2020 from its
current production level of 260,000 tonnes, said Dante Sinaga,
who heads the firm's coal power station development project.
MELBOURNE, May 11 (Reuters) - Australian oil and gas company
AWE Ltd said on Wednesday it had rejected a A$421
million ($311 million) takeover approach from U.S.-based private
equity fund Lone Star, calling the offer too cheap.
HOUSTON, May 10 (Reuters) - Saudi Arabia needs "fundamental
change," and a public sale of shares in Saudi Aramco, the
national oil company, may be part of the solution, former U.S.
Secretary of State James Baker said on Tuesday.
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