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Engineering Possibilities Versus Practical Implementation: Utility Portfolios and Business Models

Europe’s utilities are re-evaluating their business models due to the energy transition. Members of POWER-GEN Europe’s Advisory Board consider how a reliance on fossil fuels is no longer politically desirable, forcing utilities to transform their portfolios to adapt to radical change.

Oil producer Penn West's loss widens as prices, output fall

April 30 (Reuters) - Canadian oil producer Penn West Petroleum Ltd's quarterly loss more than doubled due to lower production and a fall in crude prices.

Royal Mail and energy shares help FTSE to edge higher

LONDON, April 30 (Reuters) - Britain's top equity index edged higher after setting a three-week low on Thursday, with Royal Mail gaining on the prospect of lower competition and energy shares tracking a rise in oil prices.

OPEC oil output in April climbs to highest since 2012 -survey

LONDON, April 30 (Reuters) - OPEC oil supply in April has jumped to its highest in more than two years, boosted by record or near-record supplies from Iraq and Saudi Arabia, a Reuters survey showed, as key members stand firm in their focus on market share.

UPDATE 1-COSCO Corp uncertain on offshore market recovery as Q1 profit falls

* Order book declines on the quarter to $8.1 bln (Adds details, comments)

Shell pushes on with Arctic exploration as it awaits U.S. permit

LONDON, April 30 (Reuters) - Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental groups.

Maersk insists on release of vessel and crew from Iran

COPENHAGEN, April 30 (Reuters) - Denmark's Maersk said on Thursday it insists on the release of the crew of the Maersk Tigris vessel, being held by Iranian authorities, and said it now assumed its seizure was related to a 2005 court case over uncollected cargo from Dubai.

UPDATE 2-BASF says low oil price to stymie earnings growth

* Confirms forecast for flat 2015 operating profit (Adds revenue growth, analyst comment, share price)

Hit to Indonesia's oil and gas revenue threatens deficit, crude output

SINGAPORE/JAKARTA, April 30 (Reuters) - Indonesia's oil and gas revenues are expected to drop by at least a third this year as a fall in production costs fails to keep pace with plunging oil prices and threatens to limit future output.

UPDATE 3-U.S. oil hits 5-month high as dollar weakens

* Analysts warn of exposure to jackup rigs (Recasts throughout, changes dateline, previous SINGAPORE)

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