Energy Update

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Dec 10 (Reuters) - ConocoPhillips, the largest U.S.

BRUSSELS, Dec 10 (Reuters) - European Union antitrust regulators on Thursday accepted an offer from state-owned Bulgarian Energy Holding (BEH) to open up the Balkan country's wholesale electricity market.

Building a fleet of microgrids that are co-produced by renewables developers and utilities may be the key to helping the microgrid market reach its billion-dollar potential, Tim Hade, VP of Integrated Energy Solutions at ENER-G Rudox, said on Dec. 8.
 

LONDON, Dec 10 (Reuters) - The first response of commodity producers to a drop in prices is normally to increase production - ensuring price falls become deeper and more prolonged.

HOUSTON/CHICAGO Dec 10 (Reuters) - Drained by a 17-month crude rout, some U.S. shale oil companies are merely hanging on for life as oil prices lurch further away from levels that allow them to profitably drill new wells and bring in enough cash to keep them in business.

There are a lot of details yet to work out when it comes to complying with the U.S. Environmental Protection Agency's (EPA) Clean Power Plan (CPP), which was published Oct. 23 in the Federal Register, with individual states having an initial deadline of September 2016 to submit their compliance plans.

Dec 10 (Reuters) - Canadian oil producer Cenovus Energy Inc said it expects to lower its capital budget for 2016 by 19 percent, from its estimated budget for this year, in response to tumbling crude prices.

The Renewables in the Developing World Track of Renewable Energy World Conference & Expo North America kicked off Tuesday afternoon with an informative session on The Right Renewable Resource for the Right Location.

* China on course to be world's No. 1 electric vehicle market (Adds Beijing Auto promotion, industry association comment)

TOKYO, Dec 10 (Reuters) - Japan may review spending on reprocessing plutonium for use in nuclear reactors, a minister appointed to identify wasteful spending told Reuters, following years of government outlays on the controversial programme that has yielded no results.

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