Energy Update

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In Washington D.C., the Office of the Secretary of Defense announced a $55-million funding opportunity for a 10 million gallon biorefinery capable of producing advanced drop-in bio-equivalent fuels suitable for military use.

Jan 30 (Reuters) - Oil and natural gas producer Chevron Corp
said it would give its top executive fewer stock options
after shareholders expressed concern about executive pay.

India’s biggest solar power project has stalled as the state which sought bids from generators says it can’t buy the energy at prices it had agreed upon.

According to most analysts 2016 will shake out to be a very good year for solar in terms of deployment and expansion. Installed capacity worldwide will most likely top 70 GW.

MURMANSK, Russia, Jan 30 (Reuters) - The nuclear icebreaker
Lenin, the pride and joy of the Soviet Union's Arctic great
game, lies at perpetual anchor in the frigid water here. A relic
of the Cold War, it is now a museum.

LAUNCESTON, Australia, Jan 30 (Reuters) - India has
surrendered its status as the world's top importer of coal back
to China, with its overseas purchases in 2016 falling to less
than 200 million tonnes.

LONDON, Jan 30 (Reuters) - Efforts to stem the world's
surplus of crude oil have thus far only moderately balanced the
market - but have turned typically lower-quality crude into the
most sought after barrels.

By Devika Krishna Kumar and Ross Kerber
NEW YORK/BOSTON, Jan 30 (Reuters) - Most U.S. corporate
bosses have stayed silent on President Donald Trump's
immigration curbs, underscoring the sensitivities around
opposing policies that could provoke a backlash from the White
House.
While the leaders of Apple Inc, Google
and Facebook Inc emailed their staff to denounce the
suspension of the U.S. refugee program and the halting of

(Mon, 30 Jan 2017) The electricity industry is planning to increase natural gas-fired generating capacity by 11.2 gigawatts (GW) in 2017 and 25.4 GW in 2018, based on information reported to EIA. If these plants come online as planned, annual net additions in natural gas capacity would be at their highest levels since 2005.

* OPEC cuts will quickly reduce global crude inventory -ANZ

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