Energy Update

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Oct 30 (Reuters) - Chevron Corp is slashing 10 percent of its workforce and sharply paring back its budget, with Chief Executive Officer John Watson giving a downbeat view on Friday of an industry beleaguered by low oil prices.

Mitsubishi Materials Corp. and Mitsubishi Gas Chemical Co. set up a venture with plans to develop a geothermal power project in Japan’s northern prefecture of Iwate.

Mitsubishi Materials Corp. and Mitsubishi Gas Chemical Co. set up a venture with plans to develop a geothermal power project in Japan’s northern prefecture of Iwate.

PARIS/SAO PAULO, Oct 30 (Reuters) - French sugar group Tereos said on Friday Brazil's Petrobras had raised its stake in their sugar and ethanol joint venture Guarani to 45.9 percent through a capital injection of 268 million reais ($69.75 million).

NEW YORK, Oct 30 (Reuters) - The resurgence in U.S. oil demand is showing signs of flagging, with drivers easing off the gas pedal a bit in August, according to U.S. data on Friday that may weaken one of the key arguments for bullish oil traders.

WASHINGTON, Oct 30 (Reuters) - The White House is aware of reports that an Iranian-American businessman was detained while visiting Iran, spokesman Josh Earnest told reporters on Friday, referring questions about U.S.

DAR ES SALAAM, Oct 30 (Reuters) - Tanzania's president-elect, John Magufuli, promised on Friday to speed up economic growth and development in the East African nation, a day after he was declared winner of a presidential vote that his opponent rejected as rigged.

The U.S. Department of Energy (DOE) recently released its final environmental impact statement (FEIS) for TDI New England’s (TDI-NE) proposed New England Clean Power Link, bringing the project closer to receiving a presidential permit.

The U.S. Department of Energy (DOE) recently released its final environmental impact statement (FEIS) for TDI New England’s (TDI-NE) proposed New England Clean Power Link, bringing the project closer to receiving a presidential permit.

CALGARY, Oct 30 (Reuters) - Canada's energy regulator in a report released on Friday found that six of 16 pipeline safety allegations against TransCanada Corp were "partially substantiated."

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