Energy Update
HOUSTON, Aug 7 (Reuters) - Business is so tough for oilfield giants Schlumberger NV and Halliburton Co that they have come up with a new sales pitch for crude producers halting work in the worst downturn in years.
FRANKFURT/BERLIN, Aug 7 (Reuters) - E.ON's bold move to spin-off its ailing power plants could be dealt a blow before it has even been made by a law that aims to prevent German utilities from evading the payment of billions of euros needed to fund the country's nuclear exit.
According to Doc Brown, Marty McFly’s DeLorean needed 1.21 gigawatts to travel back in time. To put this in perspective, new gas power plants are about 0.5 gigawatts, typical large utility scale solar power plants are 0.1 gigawatts, and the average rooftop solar system is 0.000005 gigawatts (5,000 watts). Although it takes a lot of solar panels to generate the power our society needs, solar is now one of the cheapest and cleanest sources.
LONDON, Aug 7 (Reuters) - Royal Dutch Shell has agreed to sell its controlling stake in Tongyi Lubricants in China, in the energy company's latest step to restructure its global refining business.
Aug 7 (Reuters) - Royal Dutch Shell Plc said it signed an agreement to sell its 75 percent stake in Tongyi Lubricants in China to Huo's Group and private-equity firm Carlyle Group LP.
WASHINGTON, Aug 6 (Reuters) - U.S. President Barack Obama's hopes of preserving the nuclear deal between Iran and world powers were dealt a setback on Thursday when Chuck Schumer, one of the top Democrats in the U.S.
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