Energy Update
(Thu, 05 May 2016) For decades, hydraulic fracturing had been referred to as an unconventional completion technique, but over the past 10 years it has become the technique by which most natural gas is produced in the United States. Based on the most recent available data from states, EIA estimates that natural gas production from hydraulically fractured wells now makes up about two-thirds of total U.S. marketed gas production.
SHANGHAI, May 5 (Reuters) - A Chinese solar equipment firm,
Baoding Tianwei Yingli New Energy Resources Co Ltd, said it may
be miss payment on a 1.4 billion yuan ($215.2 million) five-year
note maturing on May 12.
LONDON, May 4 (Reuters) - The warmest winter for more than
30 years reduced fuel oil demand drastically in the United
States in 2015/16 and left the country heavily oversupplied with
heating oil.
FRANKFURT, May 4 (Reuters) - Germany is considering lobbying
for a minimum price to be set on Europe-wide avoidance of carbon
dioxide emissions to boost the effectiveness of carbon schemes
that have so far failed to cut CO2 and battle climate change, a
draft document outlining the nation's energy and climate policy
shows.
Lawmakers in Massachusetts are drafting a bill that would jump-start the offshore wind industry in the U.S., helping trigger a $10 billion building spree off the Atlantic coast.
WASHINGTON, May 4 (Reuters) - The cessation of hostilities
that went into force around Aleppo, Syria, on Wednesday has
reduced the level of violence but has not been complete, which
is the ultimate aim, the U.S. State Department said.
NEW YORK, May 4 (Reuters) - Astenbeck Capital Management
LLC's Commodities Fund II was up 17.35 percent in April, putting
it ahead 18.45 percent year-to-date, according to an investor
letter obtained by Reuters on Wednesday.
NEW YORK, May 4 (Reuters) - Astenbeck Capital Management
LLC's Commodities Fund II was up 17.35 percent in April, putting
it ahead 18.45 percent year-to-date, according to an investor
letter obtained by Reuters on Wednesday.
Iceland-based geothermal developer HS Orka recently signed a contract for drilling of an approximately three-mile, high-temperature well at the Reykjanes geothermal field on the southern peninsula of Iceland.
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