Energy Update
Aug 27 (Reuters) - Diversified U.S. miner and energy producer Freeport-McMoran Inc said it would lower its capital budget for mining in 2016 by 25 percent, or $700 million, as commodity prices continue to weaken.
In an important “model of collaboration” between the U.S. and Mexico, the first ever cross-border wind farm has been officially inaugurated in Tecate, Baja California. Customers of San Diego Gas & Electric (SDG&E) will be the beneficiaries of a pioneering partnership that has been in the making for nearly two years.
Gary Gentile asks if the risks associated with ultra-deepwater oil production endeavors are properly disclosed to shareholders.
The national security argument for lifting the US' long-standing restrictions on oil exports appears to be making some headway, as Herman Wang explains.
DUBAI, Aug 27 (Thomson Reuters Foundation) - A new species of palm tree has started sprouting around Dubai. But instead of producing dates, the fronds of the Smart Palm harness the sun's energy to allow people to look up city information, access Wi-Fi, and charge their phones, all for free.
BEIJING, Aug 27 (Reuters) - PetroChina , China's biggest oil and gas producer, reported a 63 percent drop in first-half profits, with earnings upstream and in the marketing segment hit by lower prices, while earnings from natural gas jumped.
FRANKFURT, Aug 27 (Reuters) - Shares in pesticides maker Syngenta bounced back on Thursday from their worst ever slump in the previous session as the market speculated on management being pressured into quickly boosting the shares after suitor Monsanto walked away.
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