Energy Update
Record-low coal prices and increased wind and solar generation that pushed European power prices to their lowest in a decade may cause further declines in 2016.
The Federal Energy Regulatory Commission (FERC) on Dec. 23 rejected a July 1 application from Maysville Pumped Storage LLC for a successive preliminary permit for the proposed Maysville Pumped Storage Project, to be located on the Ohio River in Mason County, Kentucky.
WASHINGTON, Dec 31 (Reuters) - The White House has delayed imposing new financial sanctions on Iran over its ballistic-missile program, The Wall Street Journal reported on Thursday.
Gamesa Corp. Tecnologica SA, Spain’s biggest wind turbine maker, and Iberdrola SA, its biggest wind farm developer, won a contract to build and commission four projects in Costa Rica totaling 80 MW.
(Adds details, context and crude oil prices) By Barani Krishnan Dec 31 (Reuters) - U.S. energy firms cut oil rigs for a sixth week in the last seven, data showed on Thursday, a sign drillers were still waiting for higher prices before returning to the well pad. Drillers removed 2 oil rigs in the week ended Dec. 31, bringing the total rig count down to 536, oil services company Baker Hughes Inc said in its closely followed report.
SOFIA, Dec 31 (Reuters) - Bulgaria's state-run gas supplier, Bulgargaz, has agreed to provide private firm Overgas with natural gas to meet the needs of its clients from Jan. 1 after reports Russia's Gazprom will halt supplies to it, officials said on Thursday.
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