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In the balance: North Sea oil struggles to adapt

With oil in the grip of sustained low prices, Britain’s North Sea oil companies are among those hoping against hope for a recovery. Nick Coleman looks at the future of both crude production, and the level of investment in exploration and production in the region, as well as the longer terms prospects for oil economics in the North Sea.

Swift Energy gets loan approval from U.S. bankruptcy court

WILMINGTON, Del., Jan 5 (Reuters) - Swift Energy Co received U.S. bankruptcy court approval on Tuesday to borrow up to $15 million, giving the oil-and-gas exploration company time to negotiate a refinancing deal that is key to its turnaround.

UPDATE 8-Oil slides towards 11-year low as traders shrug off Mideast tensions

* U.S. dollar index at one-month high over Chinese growth concerns

Turkey to Commission US$3.44 Billion in Hydroelectric and Dam Facilities

Turkey said it will commission 101 new hydroelectric plants and dams worth US$3.44 billion in January, according to information published by Anadolu Agency, Turkey’s state-run news agency.
 

2015 Record Year in Wind Energy Generation for UK

New statistics from grid operator National Grid show that 2015 was a record year for wind energy generation in the U.K.

Canadian Oil Sands investor urges shareholders reject Suncor bid

CALGARY, Alberta, Jan 5 (Reuters) - A major Canadian Oil Sands Ltd investor sent an open letter to fellow shareholders on Tuesday urging them to reject a C$4.3 billion ($3.1 billion) hostile takeover bid by Suncor Energy Inc that expires this Friday.

Saudi-Iran split dashes chance of OPEC deal to curb oil glut

* Longest period of Saudi output above 10 million bpd for decades

Reforms will boost Pakistan's economy by more than 5 pct in 2015/16 - PM

COLOMBO, Jan 5 (Reuters) - Pakistan's economy is expected to grow at more than 5 percent in the current fiscal year due to some bold economic reforms, Prime Minister Nawaz Sharif said on Tuesday, faster than a 4.2 percent growth in the previous year.

UPDATE 1-Algerian government lays out draft constitutional reforms

* Parliament expected to approve reforms soon (Adds opposition remarks and official statement)

Major Win for South Australian Wind Farm

South Australia has reaffirmed its position as a renewable energy powerhouse following the awarding of a major contract to a wind farm in the state’s Mid North.

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