Energy Update
Jan 22 (Reuters) - Schlumberger Ltd/NV the world's No. 1 provider of oilfield services, does not expect any significant recovery in the company's activity levels before 2017, Chief Executive Paal Kibsgaard said on a conference call on Friday.
LONDON, Jan 22 (Reuters) - "No other industry begins to offer the data problems that are presented by petroleum," wrote John Blair, a former U.S. government official exactly 40 years ago ("The Control of Oil", Blair, 1976).
Recent studies indicate that tax credits are not the most effective means of achieving cutting greenhouse gas emissions.
The power sectors of Gulf Cooperation Council (GCC) countries could save 400 million barrels of oil if they ramped up their use of renewables, according to a new report released on Jan. 20.
Jan 22 (Reuters) - Schlumberger NV the world's No.
EFG Hermes Holding SAE, the largest independent Arab investment bank, plans to build a portfolio of renewable energy investments in Europe and the Middle East over the next five years as utilities in those regions add cost-competitive solar and wind operations.
CARACAS, Jan 22 (Reuters) - Venezuelan state oil company PDVSA's consolidated financial debt fell roughly 4.3 percent in 2015 compared with the previous year to reach around $43.8 billion, the company said on Friday.
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