Energy Update
One firm has embraced coal gasification and, in the midst of the 'coaldrums,' has reported a huge rise in income. Platts' Ross McCracken has more.
WASHINGTON, June 3 (Reuters) - Michael Brune is pleased that activists in kayaks are training for another "Paddle in Seattle" to confront an expected Royal Dutch Shell rig on its way to the Arctic to explore for oil. What makes the head of the Sierra Club just as happy is the effect Shell's Arctic ambitions are having on his own environmental organization.
(Wed, 03 Jun 2015) When power plants are built, several factors influence the choice of fuels and technologies that will ultimately generate electricity. Cost is one of the most difficult factors to compare, as technologies can have vastly different capital, fuel, maintenance, and financing costs, as well as different utilization rates and access to fuel resources.
By Yeawon Choi SEOUL, June 3 (Reuters) - The South Korean won joined regional peers in strengthening against the dollar by midday Wednesday, which could let it snap a six-day losing streak. The won was up 0.6 percent at 1,105.7 per dollar as of 0301 GMT, compared with the previous close at 1,112.4. The won touched 1,104.2, its highest level since May 26.
SEOUL, June 3 (Reuters) - South Korea's SK Innovation Co Ltd has signed a contract to sell its 11.1 percent stake in Peruvian natural gas transporter Transportadora de Gas del Peru (TGP) for $251 million, the company said in a statement on Wednesday.
SINGAPORE, June 3 (Reuters) - Crude oil prices fell in early Asian trading on Wednesday as oversupply weighed on markets, with OPEC not expected to announce a production cut at its meeting on Friday.
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