Energy Update
DUBAI, April 25 (Reuters) - Saudi Arabia's stock market
recovered from early losses and jumped 2.5 percent on Monday as
Deputy Crown Prince Mohammed bin Salman announced an economic
overhaul for the oil-dependent kingdom.
Statoil ASA, Norway’s biggest oil company, bought a 50 percent stake in EON SE’s Arkona offshore wind farm, entering the German market and widening its renewable-energy portfolio as it scales back its funding for traditional fossil-fuel projects.
LONDON, April 25 (Reuters) - Oil exports from southern Iraq
have reached a record monthly rate so far in April as OPEC's
second-largest producer resumes the supply growth that has added
downward pressure on prices.
BENGHAZI, Libya, April 25 (Reuters) - A parallel national
oil corporation allied to Libya's eastern government was loading
a shipment of 650,000 barrels at the Marsa el-Hariga terminal on
Monday in an effort to sell oil for the first time, officials
said.
Listen Up on this week’s Energy Show on Renewable Energy World as Gerry discusses the various factors contributing to low oil prices, as well as what consumers can expect for oil and gas prices in the future.
New York State will spend $150 million on large-scale clean energy projects as part of its goal to generate 50 percent of its electricity from renewables by 2030.
The U.S. is funding research to breed better sorghum plants using sensor-laden drones and data mining. Next month, a team of researchers will load one small aerial drone and two ground drones with sensors and release them on a field planted with hundreds of varieties of sorghum.
EMC has won a multi-year contract with a global oilfield services company to provide mission-critical satellite broadband communications for its vessels worldwide.
COATZACOALCOS, Mexico, April 22 (Reuters) - Mexican state
oil giant Pemex said on Friday that the death toll from a
petrochemical plant blast in the southeastern oil hub of
Coatzacoalcos had risen to 28, in the latest fatal accident to
befall the beleaguered company.
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