Energy Update
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.
YENAGOA, Nigeria, May 10 (Reuters) - Oil companies operating
in Nigeria should evacuate staff from the southern Niger Delta
following several attacks on oil facilities, a senior oil
workers' union official said on Tuesday.
May 10 (Reuters) - Solar panel installer Vivint Solar Inc
said it would participate in SunEdison Inc's
bankruptcy case to maximize its recovery from claims against
SunEdison, which terminated its agreement to buy Vivint in
March.
MILAN, May 10 (Reuters) - Italy's biggest utility Enel
expects to complete asset sales this year worth around
one billion euros ($1.1 billion), a sixth of its four-year
disposal target, CFO Alberto De Paoli said on Tuesday.
May 10 (Reuters) - Solar panel installer Vivint Solar Inc
said it would participate in SunEdison Inc's
bankruptcy case to maximize its recovery from claims against
SunEdison, which terminated its agreement to buy Vivint in
March.
TOKYO, May 10 (Reuters) - Japanese oil refiner Idemitsu
Kosan Co said on Tuesday its joint venture with
Canada's AltaGas would suspend a liquefied natural gas
(LNG) project in Canada for the foreseeable future due to low
energy prices.
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