Energy Update
PARIS, May 3 (Reuters) - Vallourec on Tuesday
reported a first-quarter net loss and a drop in sales volumes to
record lows, but the steel pipe maker said its results would
improve in the second quarter.
Verengo Solar and Swell Energy jointly announced today a partnership that creates a one-stop home energy storage and backup power solution for the residential market. Under the terms of the agreement, Verengo will leverage its leadership position and expertise in the residential solar power installation market and become a preferred installer of Swell Energy's home solar battery products.
HOUSTON, May 3 (Reuters) - Gulf Coast cash gasoline
differentials fell on Tuesday as the well-supplied market
anticipated this week's restart of a gasoline-making unit at the
nation's largest refinery, traders said.
The City Council of Santa Monica, Calif., voted last week to approve an ordinance requiring rooftop solar systems for all new construction in the City of Santa Monica—both residential and commercial.
PARIS, May 3 (Reuters) - French steel pipe maker Vallourec
on Tuesday reported a net loss and fall in revenues in
the first quarter as volumes plummeted to record lows mainly in
the oil and gas businesses, but it said results will be better
in the next quarter.
(Adds details on sectors and stocks, updates prices)
* TSX down 224.34 points, or 1.62 percent, to 13,641.29
* All 10 of TSX's main groups were lower
DUBAI, May 3 (Reuters) - Gulf stock markets fell back on
Tuesday because of lower oil prices and a lack of positive
drivers, while Saudi Arabia's bourse failed to get an immediate
boost from reforms designed to stimulate trading and draw fresh
foreign money.
Finnish energy group Wärtsilä recently announced its entry into the solar energy industry with an emphasis on delivery of turnkey utility-scale solar PV and unique hybrid power plant solutions. The company will engage in delivery of its first hybrid power plant late this year, with a retrofitting project in Jordan.
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