Energy Update
SINGAPORE, Feb 17 (Reuters) - Crude oil futures rebounded on Wednesday on investor hopes that a deal between Saudi Arabia and Russia to freeze oil output at January levels would lead to a wider pact among producers that could eventually see production cuts to support prices.
WASHINGTON, Feb 16 (Reuters) - A U.S.
BRASILIA/SAO PAULO, Feb 16 (Reuters) - Brazilian state-run lenders are considering converting part or all of their outstanding loans to Petróleo Brasileiro SA into equity in a bid to help the embattled oil producer, two sources familiar with the plan told Reuters on Tuesday.
SINGAPORE, Feb 17 (Reuters) - U.S.
India’s installed solar capacity will probably cross the 9 gigawatt threshold by March, bringing the country closer to Prime Minister Narendra Modi’s ambitious renewable energy targets, according to a government website.
The world’s biggest offshore wind power market may be about to get even bigger as three companies decide whether they’ll commit 7.5 billion euros ($8.4 billion) to raise the U.K.’s installed offshore capacity by more than a third.
Solo notes that UK Oil and Gas (UKOG") have released a further announcement that light (40 degree API) dry oil has continued to flow naturally at a stabilised rate of over 450 barrels of oil per day (bopd) from the Lower Kimmeridge limestone interval in the Horse Hill-1 well in PEDL137 during a second day of testing.
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