Energy Update
Enel Green Power SpA, the renewable energy unit of Italy’s biggest utility, is rolling out a version of Tesla Motors Inc.’s home-power kit to help South African retail customers buffer against rising electricity prices and grid outages.
April 14 (Reuters) - Troubles in the U.S. oil industry
amplified profit pressures on Wells Fargo & Co and Bank
of America Corp on Thursday as rising bad loans added to
a tough climate for trading bonds and currencies, along with
persistently low interest rates.
Mexico's proven hydrocarbon reserves fell to 10.24 billion boe in January, a drop of 22.2% from the 13.17 billion boe of a year earlier, the National Hydrocarbons Commission announced.
Scotland-based power and environmental consultant Aquatera Ltd. Has entered into a partnership with the Nagasaki Marine Industry Cluster Promotion Association in an effort to help Japan bolster its marine energy sector through international collaboration.
April 14 (Reuters) - Bank of America Corp, the No. 2
U.S. bank by assets, reported an 18 percent slide in quarterly
profit on Thursday as its trading business was hit by concerns
about a global economic slowdown and uncertainty about U.S.
interest rates.
April 14 (Reuters) - SunEdison Inc said an
independent audit committee had identified several issues in the
company's cash accounting practices but found no "material
misstatements" in its historical financial statements.
LONDON, April 14 (Reuters) - The structure of Brent futures
prices shows most market participants believe the oil market
will begin to rebalance in the second half of 2016 and through
2017.
DHAKA, April 14 (Thomson Reuters Foundation) - The
government of Bangladesh has indicated it is unlikely to abandon
its push to build more coal-fired power plants despite growing
opposition among local people and environmentalists.
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