Energy Update
Feb 22 (Reuters) - Standard & Poor's cut its corporate credit ratings on BP, Total SA and Statoil ASA , citing the Europe-based oil and gas companies' persistent weak debt coverage measures over 2015-2017.
BEIJING/WASHINGTON, Feb 22 (Reuters) - China's South China Sea military deployments are no different from U.S.
Feb 22 (Reuters) - OPEC Secretary-General Abdullah al-Badri said OPEC and non-OPEC oil producers might later take "other steps" to curb a global supply glut if a preliminary deal between the world's biggest producers proves successful.
Power management company Eaton and AES Corp. subsidiary AES Energy Storage have reached an agreement under which Eaton will offer AES’ Advancion energy storage platform as part of Eaton’s grid-scale, integrated energy storage systems throughout Europe, the Middle East, and Africa (EMEA).
Test operations are under way at Norte Energia's 11.2-GW Belo Monte hydropower plant, developer Norte Energia said in a statement.
Enel SpA’s renewable-energy unit will invest about $400 million in building 326 MW of new capacity in Peru after Italy’s largest utility won a tender issued by the Peruvian government.
General Electric Co. is shutting down a factory that produces towers for wind turbines in Brazil that it picked up as part of its acquisition of Alstom SA’s energy assets.
NEW YORK, Feb 22 (Reuters) - Emerging market shares are showing signs of investor capitulation after some of the steepest declines in the global stock market sell-off and that should make them attractive over the long run, said Arjun Divecha, who manages $7.4 billion as head of GMO's emerging markets equity division.
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