Energy Update
Aug 25 (Reuters) - Oilfield services company Petrofac Ltd posted a net loss for the first half, hurt by a steep increase in costs at its Laggan-Tormore project in the Shetland Islands.
ANTANANARIVO, Aug 25 (Reuters) - When foreign mining firms and Western donors were pulling funds out of Madagascar following a coup in 2009, Austral Resources chief executive Scott Reid did the opposite and poured money in to the Indian Ocean island.
Oil-rich Azerbaijan is being rattled by disruption and attacks on pipelines, highlighting its tough geopolitical position and adding to worries about falling oil prices.
China's steel industry is now gaining more attention from importing countries, Colin Richardson observes.
(Tue, 25 Aug 2015) Coal consumption in India, particularly in the electric power sector, is outpacing India's domestic production. From 2005 to 2012, India's coal production grew by only 4.7% per year to about 600 million metric tons while the country's coal-fired electric power capacity grew by a much faster rate, reaching 150 gigawatts. To help resolve the shortfall in coal supply, India has set a coal production target of 1.5 billion metric tons by 2020.
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