Energy Update
KUALA LUMPUR, March 1 (Reuters) - Malaysia's Petronas announced on Tuesday that the state-owned oil and gas company will see redundancies of under 1,000 positions and leadership changes after a strategic review of its business model.
LONDON, March 1 (Reuters) - Britain is to send troops to Tunisia to help prevent Islamic State fighters from moving into the country from Libya, the British defence minister has said.
LONDON, March 1 (Reuters) - Miner and commodity trader Glencore, seeking to reduce its debt, increased its target for asset sales on Tuesday after posting an expected slide in 2015 profit and $5.8 billion in charges after a rout on commodity markets.
DUBAI/LONDON, March 1 (Reuters) - OPEC is very unlikely to cut output at its next meeting in June, even if prices remain extremely low, according to OPEC sources and delegates, as it will be too early to say how fast Iranian output is rising.
The US has experienced a renaissance in petrochemicals due to the abundance of ethane from shale gas.
(Tue, 01 Mar 2016) Electric generating facilities expect to add more than 26 gigawatts (GW) of utility-scale generating capacity to the power grid during 2016. Most of these additions come from three resources: solar (9.5 GW), natural gas (8.0 GW), and wind (6.8 GW), which together make up 93% of total additions. If actual additions ultimately reflect these plans, 2016 will be the first year in which utility-scale solar additions exceed additions from any other single energy source.
BRASILIA, March 1 (Reuters) - Federal prosecutors who uncovered a huge corruption scheme at oil company Petrobras are looking into whether Brazil's former president Luiz Inacio Lula da Silva received undue favors from engineering firms they are investigating.
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