Energy Update

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Wison Engineering has achieved the mechanical completion of a new cracking furnace project in Saudi Arabia.

TORONTO, May 10 (Reuters) - Energy companies operating in Alberta should aim to upgrade more of the oil they produce within the province, Alberta's newly elected premier said in an television interview.

HOIMA, Uganda, May 10 (Reuters) - Before the discovery of large amounts of oil in Lake Albert, Hoima was a forlorn and remote town in Western Uganda, whose main sources of income were farming and the trickle of tourists heading to nearby national parks.

HOIMA, Uganda, May 10 (Reuters) - Before the discovery of large amounts of oil in Lake Albert, Hoima was a forlorn and remote town in Western Uganda, whose main sources of income were farming and the trickle of tourists heading to nearby national parks.

JAKARTA, May 10 (Reuters) - Indonesia's president said on Sunday that foreign journalists no longer need special permission to travel to the politically-sensitive Papua province, lifting decades-old restrictions imposed due to a long simmering secessionist movement.

BEIJING, May 9 (Reuters) - China's biggest hydropower developer, China Three Gorges Corp has signed an agreement with Russian hydropower firm RusHydro to jointly built a hydropower plant in Russia, state news agency Xinhua said on Saturday.

TOKYO, May 9 (Reuters) - Toyota Motor Corp and Mazda Motor Corp are in talks to expand their technology partnership to fuel-cell vehicles (FCVs), sources said on Saturday, as global automakers face rising costs to comply with stricter emission regulations.

SAN FRANCISCO, May 8 (Reuters) - A 52-day labor strike that led to a shutdown at Tesoro Corp's refinery in Martinez, California, helped boost the company's bottom line last quarter, the company's chief executive said on Friday, prompting cries that the state's gasoline market needs to be reformed.

RIO DE JANEIRO, May 8 (Reuters) - With less than 500 days until Rio de Janeiro hosts the Olympic Games, construction of several venues has not started and some major contracts have not even been tendered, setting the stage for a last-minute rush that will likely drive up costs.

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