Energy Update
A deal has been signed today to kick-start the waste-to-energy sector in the United Arab Emirates (UAE).
NEW YORK, Jan 25 (Reuters) - A number of mutual fund managers who dumped their shares in energy companies before oil slid to 12-year lows now see themselves avoiding the sector for years to come rather than picking up shares trading at their cheapest levels in years.
Jan 25 (Reuters) - Oil and gas producer SandRidge Energy Inc , struggling to weather a steep fall in energy prices, said on Monday it had retained advisers to explore strategic options.
WASHINGTON, Jan 25 (Reuters) - The U.S.
MILAN, Jan 25 (Reuters) - Saipem is poised to sign a bumper pipeline contract in Iran, sources close to the matter said on Monday, the first day of trading for a 3.5 billion-euro ($3.79 billion) rights issue aimed at keeping the oil services company afloat.
MUMBAI, Jan 25 (Reuters) - Three Indian state-run oil refiners will jointly build a 60 million tonnes a year, or 1.2 million barrels per day (bpd), refinery on the country's west coast, the federal oil minister said on Monday, adding the investment for the first phase of the refinery could exceed 1 trillion rupees ($14.8 billion).
In a long-awaited decision sure to benefit our wallets and the planet, the U.S. Supreme Court today upheld the Federal Energy Regulatory Commission's (FERC) authority to design rules and incentives for electricity customers to get paid for reducing consumption during periods of high electricity demand. Known as "demand response," it's most often used when energy is expensive and the grid's limits are tested.
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