Energy Update
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.
MARACAIBO, Venezuela, June 16 (Reuters) - Venezuela's Oil Minister Asdrubal Chavez predicted on Tuesday that crude prices will rise by the end of the year, and called for continued cooperation between OPEC and non-OPEC producers.
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