Energy Update
ROME/MILAN, Aug 30 (Reuters) - Italian energy group Eni said on Sunday it had discovered the largest known gas field in the Mediterranean off the Egyptian coast, predicting the find could help meet Egypt's gas needs for decades to come.
MOSCOW, Aug 31 (Reuters) - Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro will discuss "possible mutual steps" to stabilise global oil prices during a visit to China this week, a Kremlin aide said on Monday.
The cost of producing electricity from renewable sources such as solar and wind has dropped significantly over the past five years, narrowing the gap with power generated from fossil fuels and nuclear reactors, according to the International Energy Agency.
What will be the 2050 business model for utilities in California that are being forced by the state to adopt massive renewable energy capacity? That was the basic question asked at a one-day conference held in Sacramento on Aug. 20 by Advanced Energy Economy (AEE), the national umbrella association for renewable energy organizations.
The ban has forced the Chinese company to halt operations at almost all of its core businesses.
* Oil supply glut, possible U.S.
PRETORIA, Aug 31 (Reuters) - South Africa's mining industry, unions and the government signed a broad plan on Monday to stem a wave of job losses triggered by falling commodity prices and soaring costs.
DUBAI, Aug 30 (Reuters) - Would-be foreign investors in Iran should be prepared to share the benefits of their deals, the country's president said, indicating Tehran will impose tough terms that could clash with U.S.
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