Energy Update
TORONTO, April 28 (Reuters) - Canada's main stock index rose
on Thursday as resource stocks rose and Bombardier Inc
rallied after winning a large plane order, while the financials
group retreated.
April 28 (Reuters) - National Oilwell Varco Inc, the
largest U.S. provider of oil drilling equipment, said on
Thursday it slashed 6,000 jobs in the first quarter as weak oil
prices forced its customers to cut production and exploration.
OSLO, April 28 (Reuters) - Sweden's Vattenfall and
Norway's Statkraft reported higher first-quarter
earnings on Thursday, helped by higher hydropower output, while
fossil-fuel dependent Finnish Fortum's profit fell.
LONDON, April 28 (Reuters) - Brent prices for 2017 ended
trading above $50 per barrel on Wednesday for the first time
since mid-December following the largest and most sustained
rally in prices since the oil slump started.
Setting a new lopsided quarterly record, renewable sources outpaced — in fact, swamped — natural gas by a factor of more than 70:1 for new electrical generating capacity placed in-service during the first three months of calendar year 2016.
LONDON/TRIPOLI, April 28 (Reuters) - Libya's National Oil
Corporation has ambitious plans to restore output to pre-2011
levels after years of violence and disruption, officials said.
China is expected to continue to be the world’s fastest growing solar PV market during the five years spanning 2016 to 2020, with an addition of 15 GW to 20 GW in new PV power generation capacity each year, National Energy Administration director Nur Bekri said at the 9th Asia Solar Energy Forum.
Press Releases Ecolibrium Solar is now a Certified Partner Lab of TÃV Rheinland PTL April 19, 2016 | Boulder, CO Boulder, CO. April 19th, 2016 - Ecolibrium Solar, a leading supplier of solar racking systems for commercial and residential applications, announces that the Ecolibrium Boulder R&D Laboratory is now a Certified Partner Lab by TÃV Rheinland PTL.
April 28 (Reuters) - ConocoPhillips, the largest
U.S. independent oil company, posted a first-quarter loss,
compared with a year-earlier profit, and cut its spending budget
for the second time this year as the slump in crude prices
sapped profitability.
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