Energy Update
Prime Minister Narendra Modi’s government adopted a policy for India’s offshore wind industry, paving the way for developments as much as 200 nautical miles into the surrounding seas.
SINGAPORE, Sept 11 (Reuters) - Indian refiners have been told to prepare to deposit $700 million with United Commercial Bank in readiness for it to pass on the first instalment of oil payments owed to Iran, two sources with knowledge of the matter said, ahead of the expected lifting of sanctions against Tehran.
BRASILIA, Sept 10 (Reuters) - One thing is clear for Brazil's economy after its credit rating was downgraded to junk: political leaders now have little choice but to push ahead with painful austerity measures if they hope to regain market confidence.
The Guangdong Provincial Development and Reform Commission has recently issued a development road map for the province’s nuclear and renewable energy sources, including natural gas, wind power and solar power.
PARIS, Sept 10 (Reuters) - French firms have fallen behind their main European, American and Asian rivals in reviving economic ties with Iran since a deal to curb its nuclear programme in July, a senior French executive said on Thursday.
Developers installed 1.4 GW of solar power in the U.S. in the second quarter, up 8.7 percent from a year earlier, putting the country on track for a record 7.7 GW this year.
WASHINGTON, Sept 10 (Reuters) - A bill to repeal the U.S. ban on oil exports gained momentum on Thursday, when it passed a House of Representatives subcommittee, an intial step to overturn the 40-year-old trade restriction in the full chamber.
WASHINGTON, Sept 10 (Reuters) - U.S. House of Representatives Speaker John Boehner said on Thursday fellow Republicans would press their fight against the nuclear deal with Iran, no matter what happens with votes related to the agreement in the House and Senate this week.
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