Energy Update
HOUSTON, Jan 31 (Reuters) - Security in Houston, America's fourth-largest city, is tight ahead of Sunday's Super Bowl 51, though officials have vowed to support peaceful demonstrations against President Donald Trump's executive order restricting entry to the United States for travelers from some Muslim-majority nations.
NEW YORK/HOUSTON, Jan 31 (Reuters) - U.S. East Coast
refiners are on a Brazilian crude buying spree, market sources
say, displacing West African cargoes as producers such as Royal
Dutch Shell and Norway's Statoil sell rising
output from fields off Brazil's coast.
SAO PAULO, Jan 31 (Reuters) - A government plan to spur the
construction of solar energy farms in Brazil is faltering
because of high costs, strict rules requiring local components
and low-priced competition from Chinese suppliers, say
regulators and power sector executives.
SAO PAULO, Jan 31 (Reuters) - A Brazilian federal court
rejected an appeal by state-controlled oil firm Petrobras and
upheld a decision blocking the company's plan to sell a stake in
fuels distribution unit BR Distribuidora, according to a court
document seen by Reuters on Tuesday.
European Marine Energy Centre announced it won the Marine and Hydro Energy award presented at the Rushlight Awards 2016-17, according to an EMEC press release.
NEW YORK, Jan 31 (Reuters) - Valero Energy Corp on
Tuesday signaled that record high costs to comply with the U.S.
renewable fuels program will continue this year, after the oil
refiner was hit with a ballooning tab for the program in 2016.
BEIRUT, Jan 31 (Reuters) - Lebanon expects to start oil
production in 2018 and will deposit the resulting revenues into
a sovereign wealth fund, President Michel Aoun said on Tuesday.
The week promises to see two important actions impacting federal environmental regulation. Continuing to churn out executive orders, President Donald Trump signed the long-promised order requiring federal agencies to eliminate two regulations for every one proposed—starting in 2017.
In the mid-1970s, following the oil embargoes as a U.S. Senate energy aide, those of us promoting a clean energy future were ridiculed. While we had public support, we lacked the analytical back-up because these technological approaches were so new, and the emerging industries were so immature. Visionaries like Amory Lovins and Dennis Hayes worked mightily to fill that gap.
BAGHDAD, Jan 31 (Reuters) - Oil prices will not reach
"levels desired" by Iraq before the end of 2018 or 2019, Iraqi
Prime Minister Haider al-Abadi said on Tuesday in Baghdad.
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