Energy Update

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JAKARTA, Jan 12 (Reuters) - Indonesian energy company Lapindo Brantas plans to resume drilling for gas near the site of a mud volcano, its CEO said, referring to a disaster that some scientists say it helped to create around 10 years ago.

PARIS, Jan 12 (Reuters) - Shares in French utility EDF sank to all-time lows on Tuesday after the country's Andra nuclear waste agency said that storage costs could be higher than EDF's estimates.

Patricia Farley, lead author of a bill authorizing Nevada regulators to revise state solar policies, didn’t expect the new rules to prompt two major solar companies to cut jobs and leave the state.

LONDON, Jan 12 (Reuters) - European companies' earnings are expected to grow at their fastest rate in four years, significantly outpacing their U.S.

Coming on the heels of the celebration–inducing 5-year extension of the solar investment tax credit (ITC), today jobs numbers were released by nonprofit organization, The Solar Foundation (TSF).
The six annual National Solar Jobs Census shows that the U.S. solar industry today employs 208,859 people, having added 35,052 in 2015 alone. This is a 20 percent increase in job growth compared to the overall national employment growth of 1.7 percent.

BRUSSELS, Jan 12 (Reuters) - Western sanctions on Moscow are intended to exert long-term pressure on Russia and not to push it "over the economic cliff," a U.S. State Department official said on Tuesday.

ASHGABAT, Jan 12 (Reuters) - Exchange bureaus in Turkmenistan stopped selling foreign currency on Tuesday, citing an order from the central bank and prompting a jump in black market rates as ordinary Turkmens fear a fresh devaluation.

DUBAI, Jan 12 (Reuters) - A session of the Bahraini parliament broke up amid shouting and protests on Tuesday when several lawmakers, in a rare show of opposition to government policy, vented their anger against a rise in fuel prices.

LONDON, Jan 12 (Reuters) - After years of building up diesel production, European oil refiners are using every trick in the book to maximize gasoline output to meet unabated global demand as the two fuels stage a sharp reversal of fortune.

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