Energy Update

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PARIS, March 30 (Reuters) - State-controlled French utility EDF reaffirmed its plans to complete its Hinkley Point nuclear reactor project in southern England by 2025 after a newspaper report said a group of its own engineers had doubts about the timetable.

LAPPEENRANTA, Finland, March 30 (Reuters) - It has created a modest 200 jobs in a Finnish forestry industry that has lost around 20,000 in the past decade, but UPM-Kymmene's new biofuels plant offers long-awaited growth and hope.

DHAKA, March 30 (Reuters) - Bangladesh-China Power Company Limited (BCPCL) will invest $1.56 billion in a coal-fired plant near a proposed sea port south of Dhaka to produce 1,320 megawatts (MW) of electricity by 2019, the head of the joint venture (JV) said on Wednesday.

Uncertainty around the US ethane market has grown as new projects for domestic and export use all come online simultaneous with declining production and low prices.

(Wed, 30 Mar 2016) The profitability of oil and natural gas development activity depends on both the prices realized by producers and the cost and productivity of newly developed wells. Overall trends in well development costs are generally less transparent than price and productivity trends, which are readily observable in the markets or through analyses of well productivity trends such as EIA's monthly Drilling Productivity Report.

LAUNCESTON, Australia, March 30 (Reuters) - Janet Yellen has emerged as another problem for commodity producers, particularly those in Australia, as her caution over interest rates has effectively weakened the U.S. dollar.

SINGAPORE, March 30 (Reuters) - Oil futures rebounded in Asian trade on Wednesday, buoyed by a forecast for a less than expected build in crude oil stockpiles last week.

LONDON, March 29 (Reuters) - Hedge funds and other money managers have amassed a near-record number of bullish bets on increasing oil prices, helping push the main international benchmark well above $40 per barrel.

SINGAPORE, March 30 (Reuters) - U.S.

Ingenu and Koncar INEM have delivered a robust Internet of Things (IoT) connectivity solution to provide digital oilfield capabilities to the Shell Nigeria pipeline facility, at a significant cost savings of over $1m in infrastructure investment.

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