Energy Update
Neste has resumed operations at the Porvoo refinery lcoated in Finland, following scheduled maintenance turnaround.
June 16 (Reuters) - Norway's Statoil ASA is "weeks away" from reaching a deal with the government of Newfoundland and Labrador to develop the company's 600 million-barrel Bay du Nord oil discovery off the Canadian province's Atlantic coast, the province's premier said on Tuesday.
WASHINGTON, June 16 (Reuters) - The White House has secured more than $4 billion to boost clean energy and fight climate change from foundations, institutional investors and philanthropies, doubling a goal set in February, administration officials said.
ATHENS, June 16 (Reuters) - Greece's dominant power utility PPC on Tuesday offered households and businesses a repayment scheme for 1.9 billion euros ($2.1 billion) of overdue bills accumulated over years as recession and record unemployment squeeze incomes and industry.
June 16 (Reuters) - Sempra Energy, an energy services holding company, said its board authorized the formation of a publicly traded master limited partnership (MLP) to hold assets producing MLP-qualifying income.
RIO DE JANEIRO, June 16 (Reuters) - Brazil's state-run oil company Petrobras will likely delay details of major cuts to its $221 billion five-year spending plan until July, two sources said, when the government plans to announce a rescue program for the industry.
June 16 (Reuters) - A former co-chief executive of oil services company PetroTiger Ltd was sentenced to probation on Tuesday, a day after his bribery trial ended abruptly when he pleaded guilty to a single conspiracy charge.
LONDON, June 15 (Reuters) - Company earnings are on the rise in Europe and shareholders are feeling the benefit, with more profits being paid to investors than at any time in at least the last five years.
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