Energy Update
Enbridge Inc., the pipeline operator hunting for European renewable energy investments, is bulking up its offshore wind assets by acquiring stakes from DONG Energy A/S in three farms located off France’s coast for C$282 million ($218 million).
May 10 (Reuters) - Golar LNG Ltd said Oscar Spieler
would replace Gary Smith as chief executive, as the natural gas
shipping company realigns operations, including building up its
presence in the Brazilian power generation market.
LONDON, May 10 (Reuters) - The rally that carried oil prices
up by more than $20 per barrel between the middle of January and
the end of April seems to have run out of steam for the time
being.
DUBAI, May 10 (Reuters) - Most bourses in the Gulf edged
lower on Tuesday after oil prices pulled back overnight, while
Egypt's Palm Hills Development tumbled in response to a drop in
its profits.
LONDON, May 10 (Reuters) - Energy companies, including some
of the world's biggest, could be forced to slash prices of more
than $110 billion worth of assets they want to sell after
dealmaking in oil and gas fields ground to a halt due to the
volatile crude market.
BEIJING, May 10 (Reuters) - China is undertaking a
restructuring of oil subsidies policy, according to a circular
jointly issued by the State Council, Ministry of Finance, and
three other ministries, the official Xinhua News Agency reported
on Tuesday.
We are at an historic junction of human history in which we are transitioning from the age of fossil fuels to the age of renewable and distributed energy, in effect a true paradigm shift. The tide has turned and the worldwide momentum is irreversible. This change is occurring all around the world and has been accelerating dramatically in the last 3 years.
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