Energy Update
Amec Foster Wheeler has won a contract from oil company Preem for the engineering, procurement and construction management (EPCm) of the new vacuum distillation unit (VDU) at the Preemraff Lysekil refinery in Sweden.
Statoil has evacuated the Kårstø processing plant in Norway following a gas leak.
2016 will be the eighth and possibly final year I publish a list of ten clean energy stocks I expect to do well in the coming year. This series has evolved from a simple, off-the-cuff list in 2008, to a full blown model portfolio, with predetermined benchmarks and monthly updates on performance and significant news for the 10 stocks.
* GRAPHIC-Petroleum oversupply: http://link.reuters.com/jaz84w
This week, a cryptic but tasty news kernel has emerged from CRI, that they have entered into a Front End Loading (FEL-2) evaluation package license agreement for IH2 technology, a continuous thermal catalytic process which produces liquid hydrocarbon transportation fuels from forest residues, and other renewable resources.
SAO PAULO, Jan 7 (Reuters) - Brazilian prosecutors are investigating text messages from an engineering executive that may show President Dilma Rousseff's chief of staff favored construction firms that donated to his party while he was state governor, the Estado de S. Paulo newspaper reported on Thursday.
* GRAPHIC-Petroleum oversupply: http://link.reuters.com/jaz84w (Updates prices throughout)
BENGHAZI, Libya, Jan 7 (Reuters) - A car bombing at a checkpoint in the Libyan oil port of Ras Lanuf left seven people dead and 11 wounded on Thursday, a Petroleum Facilities Guard spokesman said.
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