Energy Update
CARACAS, April 26 (Reuters) - Venezuela has proposed that
non-OPEC oil producers attend the group's June meeting in Vienna
to continue "dialogue and coordination," according to a letter
from the South American country's oil minister to the Qatari
energy minister, who is also the current OPEC president.
WASHINGTON, April 26 (Reuters) - The United States is
concerned about Libyan oil purchases outside legitimate channels
and said all sales must go through the Tripoli-based National
Oil Corp, a U.S. State Department spokesman said on Tuesday.
CARACAS, April 26 (Reuters) - Venezuela has proposed that
non-OPEC oil producers attend the group's June meeting in Vienna
to continue "dialogue and coordination," according to a letter
sent by the South American country's oil minister to the Qatari
energy minister, who is also the current OPEC president.
UNITED NATIONS, April 26 (Reuters) - Libya has asked the
United Nations Security Council to blacklist an Indian-flagged
tanker on its way to Malta carrying crude oil shipped by the
rival eastern Libya government, Libya's U.N. envoy said on
Tuesday.
Green Mountain Power has launched a contest to find energy companies and entrepreneurs to colocate at the utility’s headquarters in Colchester, Vt., and work to develop innovative energy products for consumers.
April 26 (Reuters) - Standard & Poor's on Tuesday reduced
Exxon Mobil Corp's credit rating to AA+ from AAA, saying
low oil prices will make it difficult for the world's largest
publicly traded oil producer to keep funding high dividends and
share purchases for the next few years.
CALGARY, Alberta, April 26 (Reuters) - Husky Energy
said on Tuesday it was confident a dispute with China's CNOOC
Ltd over gas delivery payments from the South China
Sea will be resolved, but warned it would take legal action
against the state-owned energy giant if necessary.
April 26 (Reuters) - Freeport-McMoRan Inc expects to
have agreed $3 billion worth of asset sales by mid-year, its
chief executive said on Tuesday, as the U.S. miner and oil
producer tries to whittle down a nearly $21 billion debt pile he
described as "a killer."
NEW YORK, April 25 (Thomson Reuters Foundation) - The United
Nations will distribute food to more than a quarter of a million
people who survived Ecuador's devastating 7.8-magnitude
earthquake but are growing hungry in its aftermath, the
organization said on Monday.
Last fall, the California legislature passed SB 350, a bill that will increase the state’s renewable energy generation to 50 percent by 2030 utilizing resources like wind, solar, biomass, and geothermal energy. This goal will be a first. No large-scale economy like California has ever attempted to transition to a grid powered in majority by renewables. With such high-reaching plans and only a decade and a half to deliver, where does the state go from here?
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