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Votorantim to Triple Wind Power Next Year, Sets 1 GW Goal

Votorantim Industrial SA, a Brazilian industrial conglomerate that expanded into renewable energy three months ago, is planning to triple its wind capacity by next year, part of a long-term effort to eventually own 1 GW of clean power plants.

Oil market needs an anchor, Saudi adviser says

KUWAIT, Oct 9 (Reuters) - The lack of a clear leader or "anchor" in the global oil market is fueling uncertainty and leading to sharp swings in crude prices, but this uncertainty is unlikely to continue for long, a senior Saudi oil adviser said.

Russia Turns to Sun, Wind to Improve Electricity Supply for Country’s Far East

Russian company RAO ES East will construct 178 renewable energy facilities with a total capacity of 146 MW within the coming five to seven years at the country’s Far East and close to the Artic Circle.

Vietnam to keep coal, crude export taxes under TPP, some state firms exempt

HANOI, Oct 9 (Reuters) - Vietnam will exempt some state firms from a Pacific trade pact agreed this week and has negotiated to keep export taxes on its crude oil and coal to support an overstretched state budget, its chief negotiator said on Friday.

COLUMN-Oil prices strengthen, shrug off Goldman warning: Kemp

LONDON, Oct 9 (Reuters) - Timespreads for West Texas Intermediate (WTI) and Brent futures have strengthened significantly over the last month as fears about another big build up in crude oil stocks eased.

Traders eye floating diesel storage in Atlantic

LONDON, Oct 9 (Reuters) - Oil traders are preparing to store diesel in giant tankers off the coasts of northern Europe and New York as land storage tanks are nearly full, traders said on Friday.

Israel's Delek buys $66 mln stake in North Sea oil producer Ithaca

LONDON, Oct 9 (Reuters) - The investment arm of Israeli gas firm Delek Group has acquired a near 20 percent stake in North-Sea focused oil producer Ithaca Energy for $66 million, the companies said on Friday.

UPDATE 1-Amid commodity crisis, LPG emerges as accidental bright-spot

* World Bank sees LPG as key in poverty reduction (Adds comment from World LPG Association CEO)

BUZZ-Petrofac: surges on termination of unfavourable contract

** Oilfield services co Petrofac up as much as 12.4 pct to highest in more than 3 mnths, top gainer on LSE & among FTSE-350 oil equipment and services peers on termination of an unfavourable contract

Lenders object Greece's alternative to power grid sale-paper

ATHENS, Oct 9 (Reuters) - Greece's international lenders have raised objections to a plan Athens has proposed that would let it avoid the privatisation of power grid operator ADMIE, a Greek newspaper said on Friday.

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