Energy Update
September 16 was a big day at Younicos this year, as it marked the one-year anniversary of the commissioning of Europe’s first commercial battery park in Schwerin. The mood among the political and energy industry leaders who gathered to mark the occasion in this picturesque Northern German town was upbeat: The 5-megawatt system, designed and delivered by Younicos, had exceeded revenue forecasts in its first year of operation.
Oct 5 (Reuters) - Suncor Energy launched what could be a drawn-out takeover battle for Canadian Oil Sands Ltd on Monday, which could increase its stake in Alberta's massive Syncrude project and cement its position as the country's largest oil producer.
A meeting of Group of Twenty energy ministers in Istanbul earlier this month affirmed a collective belief in renewable energy -- including hydroelectric power -- amongst the major economies that constitute the international forum.
WASHINGTON, Oct 5 (Reuters) - BP Plc will pay more than $20 billion in fines to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago, marking the largest corporate settlement of its kind in U.S. history, Attorney General Loretta Lynch said on Monday.
CARACAS, Oct 5 (Reuters) - The president of Venezuela's state oil company PDVSA said on Monday crude was circulating at the 955,000-barrel-per-day Paraguana Refinery Center (CRP) and that key processing units would be up and running between Wednesday and Thursday.
LONDON, Oct 5 (Reuters) - Britain's National Crime Agency (NCA) obtained court permission on Monday to temporarily seize 27,000 pounds ($41,000) from a former Nigerian oil minister embroiled in a financial scandal, a court official in London said.
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