Energy Update
PARIS, Jan 27 (Reuters) - French nuclear group Areva said it plans a 5 billion euro capital increase to restore its finances and said it expects the planned takeover of its reactor arm by fellow state-owned utility EDF to be finalised in 2017.
A battery storage network based on the capture and reuse of the energy created by braking subway cars will help Southeastern Pennsylvania Transportation Authority (SEPTA) reduce operating costs, ensure energy resiliency, and support the stability of the energy grid, SEPTA said on Jan. 21.
Jan 27 (Reuters) - The International Monetary Fund and World Bank are discussing possible financing aid for oil exporter Azerbaijan to help it cope with mounting currency and budget pressures from a steep drop in crude prices, the institutions said on Wednesday.
KHARTOUM, Jan 27 (Reuters) - Sudan's army said it defeated one of the main rebel groups in the Jebel Marra region of war-torn Darfur on Wednesday and now controls the area following two weeks of intense fighting.
WASHINGTON, Jan 27 (Reuters) - The U.S.
NEW YORK, Jan 27 (Reuters) - Companies that supply drilling rigs, fracking sand and other necessary tools to the U.S. oil industry are finding themselves stuck with a choice between losing customers or making further price cuts that could wipe out their profits altogether.
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