Energy Update

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New York is about to become a hub for U.S. solar manufacturing as the state lured a start-up called 1366 Technologies Inc. to build its first factory in Genesee County.

Oct 8 (Reuters) - Energy and mining company Freeport-McMoRan Inc said the government of Indonesia has assured the company's local unit that it will approve the extension of operations beyond 2021.

Total global corporate funding in the solar sector, including venture capital/private equity (VC), debt financing, and public market financing raised by public companies, came to $6.2 billion, compared to $5.9 billion in Q2 2015, according to Mercom Capital Group’s report on funding and merger and acquisition (M&A) activity for the solar sector in the third quarter of 2015.

LONDON, Oct 8 (Reuters) - Oil, gas and mining accounted for nearly nine percent of all new greenfield foreign direct investment (FDI) projects announced over the last decade.

WASHINGTON, Oct 8 (Reuters) - The United States and its allies launched 18 air strikes against Islamic State in Iraq on Wednesday and two air strikes targeting the militant group in Syria, the task force leading the operations said.

Oct 8 (Reuters) - Power producer Talen Energy Corp said it would sell three plants in Pennsylvania for $1.51 billion to meet regulatory requirements related to its formation in 2014.

LONDON, Oct 8 (Reuters) - Scotland has placed a moratorium on underground coal gasification, a form of unconventional gas extraction, adding to a ban on shale gas that it imposed in January in conflict with the pro-shale stance of Prime Minister David Cameron.

Oct 8 (Reuters) - Power producer Talen Energy Corp said it would sell three power plants in Pennsylvania for $1.51 billion to comply with a regulatory order mandating divestiture of certain assets.

* Nov ESPO, Dec Sokol premiums jump $2-$3/bbl from prev month

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