Energy Update
ALGIERS, March 11 (Reuters) - Algeria's state energy firm Sonatrach has awarded an $880 million contract to supply oil and gas drilling tubes to four foreign firms, a document seen by Reuters on Friday showed.
March 11 (Reuters) - U.S. energy firms this week cut oil rigs for a 12th week in a row to the lowest level since December 2009 as drillers continue to slash capital expenditures despite crude prices having apparently bottomed, data showed on Friday. Looking forward, many analysts think the rig count will rebound later this year when prices rise. Drillers removed six oil rigs in the week ended March 11, bringing the total rig count down to 386, oil services company Baker Hughes Inc said.
OKLAHOMA CITY, March 11 (Reuters) - The night before Aubrey McClendon died, the oil-and-gas pioneer was expected at a private dinner here with potential business partners.
Siemens on March 10 said it has reached an agreement with the Moroccan government that will allow the company to build a wind turbine rotor blade factory for onshore wind turbines in Tangier.
The U.S. Department of Energy's (DOE) National Renewable Energy Laboratory (NREL) will help the first group of small clean energy businesses advance their products under the Small Business Vouchers (SBV) pilot launched last July by DOE.
The new Polish Government’s intention to curb wind power expansion in the country has met a severe backlash from local wind market players and international wind energy executives alike.
March 11, 2016 marks the five-year anniversary of the 2011 Tohoku earthquake and tsunami, which caused catastrophic meltdowns at three reactors in the Fukushima Daiichi Nuclear Power Plant complex in Fukushima Prefecture. This devastating event resulted in a major change to the nation’s electricity supply market. It led to the introduction of the national feed-in tariff (FIT) program in July 2012 and historical liberalization of the retail electricity market, which will commence in April.
OSLO/FRANKFURT, March 11 (Reuters) - Swedish utility company Vattenfall is struggling to attract buyers for its lignite mines and power plants in eastern Germany with less than a week left to submit binding offers, sources close to the matter said on Friday.
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