Energy Update
May 5 (Reuters) - Canadian engineering and construction
company SNC-Lavalin Group Inc reported a
better-than-expected profit for the first quarter as cost cuts
helped margins amid lower spending by customers in its core
energy business.
RIO DE JANEIRO, May 5 (Reuters) - A Brazilian judge on
Thursday ratified the settlement Samarco and its owners, BHP
Billiton and Vale SA, signed with the
Brazilian government in March to cover damages for a deadly dam
spill last year, Vale said in a statement.
Recently, Liang Zhipeng, Deputy Director of New Energy and Renewable Energy Department, China National Energy Administration disclosed, China CSP demonstration projects list with total 1 GW capacity and FIT will be formally issued soon. The suggested FIT given by National Energy Administration shouldn't be less than RMB1.18/ kWh.
HOUSTON, May 5 (Reuters) - Wildfires in Canada. Pipeline
sabotage in Colombia. Instability in Venezuela. U.S. frackers at
a standstill. Drops in oil output are happening so fast that it
looks as if the Americas alone could resolve global oversupply.
On April 29, the U.S. Fish and Wildlife Service (USFWS) announced the Draft Environmental Impact Statement (EIS) for Eagle Take Permits (ETP) for the Chokecherry and Sierra Madre (CCSMP) Phase I wind energy project in Carbon County, Wyo.
March and April were months of recovery for the broad market and for clean energy income stocks, but most clean energy stocks failed to participate in the rally. By design, my Ten Clean Energy Stocks for 2016 model portfolio is heavily weighted towards income, recovering 9 percent in March and 6 percent in April so that it is now back in the black, up 0.8 percent year to date.
May 5 (Reuters) - ConocoPhillips says it has shut its
surmount operations and evacuated people sheltering, workers
from site-Canadian website
DUBAI, May 5 (Reuters) - Banking stocks helped Saudi
Arabia's index rebound from a two-week low on Thursday
after the government ended builder Saudi Binladin Group's ban on
bidding for state contracts, potentially easing the strain on a
company heavily in debt to local lenders.
May 5 (Reuters) - National Bank of Canada estimated
that it would set aside C$250 million ($195 million), before
taxes, in the quarter ended April to cover bad loans to the oil
and gas industry.
Mexico's first-ever deepwater bidding round is already drawing the attention of major international oil and gas producers, including the country's own Pemex.
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