* West hopes unity government can resolve political crisis
(Updates number of dead and wounded, adds description of PFG)
Read more
Monday, May 30, 2016
REUTERS SUMMIT-Poland aims to end long-term gas supplies from Russia after 2022
WARSAW, May 30 (Reuters) - Poland does not plan to renew a
long-term gas supply contract with Russia when its current deal
with Gazprom expires in 2022, a government official
responsible for gas and power infrastructure told Reuters on
Monday.
Read more
long-term gas supply contract with Russia when its current deal
with Gazprom expires in 2022, a government official
responsible for gas and power infrastructure told Reuters on
Monday.
Read more
UPDATE 2-Pilots, oil workers strike as France seeks way out of crisis
PARIS, May 30 (Reuters) - Air France pilots voted on Monday to go on strike and oil storage workers extended a job walkout, compounding the French government's woes as it scrambled to calm rolling protests against labour reforms ahead of the Euro soccer tournament.
Read more
Read more
Peugeot family to meet French govt over stake in carmaker - source
PARIS, May 30 (Reuters) - The Peugeot family plans to hold
informal talks with the government on Tuesday to discuss the
future of its stake in the French carmaker Peugeot PSA Citroen
, a source familiar with plans for the discussions said
on Monday.
Read more
informal talks with the government on Tuesday to discuss the
future of its stake in the French carmaker Peugeot PSA Citroen
, a source familiar with plans for the discussions said
on Monday.
Read more
UPDATE 1-Workers at French oil port terminal extend strike - union
PARIS, May 30 (Reuters) - Workers at the CIM oil terminal
that handles about 40 percent of French crude imports have voted
to extend their strike at the Le Havre oil port hub until 1000
GMT on Wednesday, a CGT union official told Reuters.
Read more
that handles about 40 percent of French crude imports have voted
to extend their strike at the Le Havre oil port hub until 1000
GMT on Wednesday, a CGT union official told Reuters.
Read more
Germany plans draft law on nuclear storage costs in August
BERLIN, May 30 (Reuters) - The German cabinet plans to
approve a draft law on August 3 that will require its utilities
to pay billions of euros into a state fund to help cover the
cost of nuclear storage, according to an Economy Ministry
timetable seen by Reuters on Monday.
Read more
approve a draft law on August 3 that will require its utilities
to pay billions of euros into a state fund to help cover the
cost of nuclear storage, according to an Economy Ministry
timetable seen by Reuters on Monday.
Read more
Traffic at France's Le Havre oil terminal -port authority
PARIS, May 30 (Reuters) - Two oil tankers had unloaded their
cargo by Monday at Le Havre oil port in northern France, cutting
the number of ships held up there by a rolling nationwide strike
to nine from 11 on Friday, a port authority spokeswoman said.
Read more
cargo by Monday at Le Havre oil port in northern France, cutting
the number of ships held up there by a rolling nationwide strike
to nine from 11 on Friday, a port authority spokeswoman said.
Read more
As much as 35 percent of northern and central Great Barrier Reef dead or dying - scientists
SYDNEY, May 30 (Reuters) - Mass bleaching has destroyed as
much as 35 percent of the coral on the northern and central
Great Barrier Reef, Australian scientists said on Monday, a
major blow to the World Heritage Site that attracts about A$5
billion ($3.59 billion) in tourism each year.
Read more
much as 35 percent of the coral on the northern and central
Great Barrier Reef, Australian scientists said on Monday, a
major blow to the World Heritage Site that attracts about A$5
billion ($3.59 billion) in tourism each year.
Read more
Sunday, May 29, 2016
Xi says China should invest more in the elderly
SHANGHAI, May 28 (Reuters) - China should increase
investment in care for the elderly, President Xi Jinping told a
meeting of the country's top leaders on its ageing population,
official Xinhua news agency reported.
Read more
investment in care for the elderly, President Xi Jinping told a
meeting of the country's top leaders on its ageing population,
official Xinhua news agency reported.
Read more
Saturday, May 28, 2016
Lebanese Hezbollah ministers, MPs could be hit by U.S. law -U.S. official
BEIRUT, May 28 (Reuters) - Ministers and members of
parliament belonging to Lebanon's Hezbollah could be sanctioned
under a new U.S. law targeting the group's finances, a U.S.
Treasury official said on Friday.
Read more
parliament belonging to Lebanon's Hezbollah could be sanctioned
under a new U.S. law targeting the group's finances, a U.S.
Treasury official said on Friday.
Read more
Friday, May 27, 2016
U.S. natgas speculators switch from net long to net short -CFTC
May 27 (Reuters) - U.S. natural gas speculators switched
their positions to net short after being net long since the
start of April, betting prices will have to remain low to
encourage generators to burn more of the fuel left in
inventories after a warm winter.
Read more
their positions to net short after being net long since the
start of April, betting prices will have to remain low to
encourage generators to burn more of the fuel left in
inventories after a warm winter.
Read more
UPDATE 1-U.N. urges Greece to improve conditions for transferred refugees
GENEVA, May 27 (Reuters) - Refugees removed from a makeshift
Greek camp near the Macedonian border have been taken to sites
with "sub-standard conditions" in derelict buildings with
insufficient food, water, toilets and showers, the United
Nations refugee agency said on Friday.
Read more
Greek camp near the Macedonian border have been taken to sites
with "sub-standard conditions" in derelict buildings with
insufficient food, water, toilets and showers, the United
Nations refugee agency said on Friday.
Read more
UPDATE 1-Finland's Fortum buys waste treatment firm Ekokem for $525 mln
* Fortum looking for M&A following power grid divestments
(Adds CEO, analyst comments, Fortum M&A drive)
Read more
(Adds CEO, analyst comments, Fortum M&A drive)
Read more
UPDATE 2-Managers take over operations, reopen pipes at French oil hub
* Union members to meet on Monday to decide next step
(Recast with managers taking over operations)
Read more
(Recast with managers taking over operations)
Read more
Strike holds up 38 oil tankers at France's biggest oil port
PARIS, May 27 (Reuters) - Some 38 oil tankers have been held
up at the Fos-Lavera oil port in southern France, the country's
biggest, including 25 at harbour, up from 12 the previous day, a
port authority spokeswoman said on Friday.
Read more
up at the Fos-Lavera oil port in southern France, the country's
biggest, including 25 at harbour, up from 12 the previous day, a
port authority spokeswoman said on Friday.
Read more
Weaker U.S. dollar rate allows Serbian gas price cut from June
BELGRADE, May 27 (Reuters) - Serbia will cut wholesale
prices of natural gas for households and industry from June by
3.6 percent and 4 percent, respectively, mainly to reflect a
weaker U.S. dollar exchange rate, energy regulator AERS said on
Friday.
Read more
prices of natural gas for households and industry from June by
3.6 percent and 4 percent, respectively, mainly to reflect a
weaker U.S. dollar exchange rate, energy regulator AERS said on
Friday.
Read more
Nearly 3 mln people need food aid in drought-hit Central America - UN
BOGOTA, May 27 (Thomson Reuters Foundation) - Around 2.8
million people in three Central American countries need food aid
after two consecutive years of severe drought decimated crops
and exacerbated hunger among the poor, the U.N. Food and
Agriculture Organization (FAO) said.
Read more
million people in three Central American countries need food aid
after two consecutive years of severe drought decimated crops
and exacerbated hunger among the poor, the U.N. Food and
Agriculture Organization (FAO) said.
Read more
U.N. urges Greece to improve poor living conditions for refugees
GENEVA, May 27 (Reuters) - Refugees in some sites in Greece
are cramped in "sub-standard conditions" in poorly ventilated
"derelict warehouses and factories", with insufficient food,
water, toilets and showers, the United Nations refugee agency
said on Friday.
Read more
are cramped in "sub-standard conditions" in poorly ventilated
"derelict warehouses and factories", with insufficient food,
water, toilets and showers, the United Nations refugee agency
said on Friday.
Read more
India Inc shows growth spreading by end of Modi's sophomore year
MUMBAI/NEW DELHI, May 27 (Reuters) - Indian companies are
posting their best earnings results since Prime Minister
Narendra Modi swept to power two years ago, giving the clearest
sign yet that India's fast, but patchy, economic growth is
becoming more broad-based.
Read more
posting their best earnings results since Prime Minister
Narendra Modi swept to power two years ago, giving the clearest
sign yet that India's fast, but patchy, economic growth is
becoming more broad-based.
Read more
Japan to cut emphasis on nuclear in next energy plan -sources
TOKYO, May 27 (Reuters) - Japan will cut reliance on nuclear
power when it releases an updated energy plan as early as next
year, reflecting public opposition and a recognition that
current policy is unrealistic, three sources familiar with
official thinking told Reuters.
Read more
power when it releases an updated energy plan as early as next
year, reflecting public opposition and a recognition that
current policy is unrealistic, three sources familiar with
official thinking told Reuters.
Read more
Thursday, May 26, 2016
UPDATE 2-Finland's TVO says Areva ended talks on delayed reactor project
HELSINKI, May 26 (Reuters) - French nuclear group Areva
has broken off talks with Finnish utility
Teollisuuden Voima (TVO) over the delayed Olkiluoto 3 nuclear
reactor, TVO said on Thursday.
Read more
has broken off talks with Finnish utility
Teollisuuden Voima (TVO) over the delayed Olkiluoto 3 nuclear
reactor, TVO said on Thursday.
Read more
UPDATE 2-DONG Energy listing to value group at up to $16 billion
* Additional overallotment of up to 2.6 pct of the shares
(Recasts, adds DONG and analyst comments)
Read more
(Recasts, adds DONG and analyst comments)
Read more
UPDATE 1-Russia's Gazprom sees record 2016 gas exports to Europe
ST PETERSBURG, Russia, May 26 (Reuters) - Russia's Gazprom
plans to export a record 165 billion cubic metres
(bcm) of gas to Europe this year, the company's deputy chief
executive Alexander Medvedev told reporters on Thursday.
Read more
plans to export a record 165 billion cubic metres
(bcm) of gas to Europe this year, the company's deputy chief
executive Alexander Medvedev told reporters on Thursday.
Read more
African Union insurance arm to boost disaster cover to $1.5 bln
LUSAKA, May 26 (Reuters) - The African Union's insurance arm
will increase its disaster cover to $1.5 billion by 2020 from
$179 million currently following one of the continent's worst
droughts in decades, a senior executive said on Thursday.
Read more
will increase its disaster cover to $1.5 billion by 2020 from
$179 million currently following one of the continent's worst
droughts in decades, a senior executive said on Thursday.
Read more
Oil tankers backed up at southern French port due to strike
PARIS, May 26 (Reuters) - Nearly two dozen vessels were
queued outside the French oil import terminal in Fos, southern
France on Thursday, held up by a strike organised by the
hardline CGT and FO unions over planned labour reforms.
Read more
queued outside the French oil import terminal in Fos, southern
France on Thursday, held up by a strike organised by the
hardline CGT and FO unions over planned labour reforms.
Read more
RPT-COLUMN-LNG industry tension to rise as price breaks link to crude oil: Russell
LAUNCESTON, Australia, May 26 (Reuters) - The price of spot
cargoes of liquefied natural gas (LNG) in Asia has broken its
long-standing link to crude oil this year, a development likely
to fuel tensions in an already unsettled market.
Read more
cargoes of liquefied natural gas (LNG) in Asia has broken its
long-standing link to crude oil this year, a development likely
to fuel tensions in an already unsettled market.
Read more
UPDATE 1-France's power output drops as workers join strike
PARIS, May 26 (Reuters) - Power output in France fell by at
least 5 gigawatts on Thursday after members of the CGT union at
utility EDF joined a rolling nationwide strike against
planned government reforms, a union official said.
Read more
least 5 gigawatts on Thursday after members of the CGT union at
utility EDF joined a rolling nationwide strike against
planned government reforms, a union official said.
Read more
DONG Energy IPO pricing indicates market value of up to $16 bln
COPENHAGEN, May 26 (Reuters) - Denmark's DONG Energy
on Thursday set an indicative price range for its
planned initial public offering (IPO) implying a market value of
83.5 billion to 106.5 billion Danish crowns ($12.6-16.0
billion).
Read more
on Thursday set an indicative price range for its
planned initial public offering (IPO) implying a market value of
83.5 billion to 106.5 billion Danish crowns ($12.6-16.0
billion).
Read more
RPT-DONG Energy IPO pricing indicates market value of up to $16 bln
COPENHAGEN, May 26 (Reuters) - Denmark's DONG Energy
on Thursday set an indicative price range for its
planned initial public offering (IPO) implying a market value of
83.5 billion to 106.5 billion Danish crowns ($12.6-16.0
billion).
Read more
on Thursday set an indicative price range for its
planned initial public offering (IPO) implying a market value of
83.5 billion to 106.5 billion Danish crowns ($12.6-16.0
billion).
Read more
Wednesday, May 25, 2016
COLUMN-LNG industry tension to rise as price breaks link to crude oil: Russell
LAUNCESTON, Australia, May 26 (Reuters) - The price of spot
cargoes of liquefied natural gas (LNG) in Asia has broken its
long-standing link to crude oil this year, a development likely
to fuel tensions in an already unsettled market.
Read more
cargoes of liquefied natural gas (LNG) in Asia has broken its
long-standing link to crude oil this year, a development likely
to fuel tensions in an already unsettled market.
Read more
UPDATE 1-French nuclear plant workers to go on strike Thursday - CGT union
* Unions have cut off power to targeted areas before
(Adds union comment, background on strikes)
Read more
(Adds union comment, background on strikes)
Read more
German power firms to partner carmakers in electric future -RWE
FRANKFURT, May 25 (Reuters) - German utilities are likely to
partner with automakers to tap into a 1 billion euro ($1.1
billion) government incentive scheme for electric cars, an RWE
executive said.
Read more
partner with automakers to tap into a 1 billion euro ($1.1
billion) government incentive scheme for electric cars, an RWE
executive said.
Read more
Sri Lankan flood-hit families left with nothing, Red Cross says in emergency appeal
LONDON, May 25 (Thomson Reuters Foundation) - Floods in Sri
Lanka which have forced more than 350,000 people from their
homes have left some families with nothing, the Red Cross said
on Wednesday as it launched an emergency appeal to deliver
relief to tens of thousands of people in the country.
Read more
Lanka which have forced more than 350,000 people from their
homes have left some families with nothing, the Red Cross said
on Wednesday as it launched an emergency appeal to deliver
relief to tens of thousands of people in the country.
Read more
UPDATE 1-French police break fuel depot blockade, nuclear plant strike looms
PARIS, May 25 (Reuters) - Police broke up a fuel depot
blockade in France on Wednesday and the hardline CGT union
called a strike at a nuclear plant in an escalation of a
standoff over proposed new labour laws.
Read more
blockade in France on Wednesday and the hardline CGT union
called a strike at a nuclear plant in an escalation of a
standoff over proposed new labour laws.
Read more
Slovakia says Mochovce nuclear plant to cost more than expected
BRATISLAVA, May 25 (Reuters) - Construction costs for
Slovakia's Mochovce nuclear plant, due to be completed by 2018,
will be higher than the 4.6 billion euros ($5 bln) approved by
the government, its economy minister said on Wednesday.
Read more
Slovakia's Mochovce nuclear plant, due to be completed by 2018,
will be higher than the 4.6 billion euros ($5 bln) approved by
the government, its economy minister said on Wednesday.
Read more
Engie considering closure or sale of Australian coal plant
PARIS, May 25 (Reuters) - French gas and power group Engie
said it is considering the closure or sale of its
Hazelwood coal-fired plant in Australia as part of its strategy
to exit the fossil fuel.
Read more
said it is considering the closure or sale of its
Hazelwood coal-fired plant in Australia as part of its strategy
to exit the fossil fuel.
Read more
French police break fuel depot blockade, nuclear plant strike looms
PARIS, May 25 (Reuters) - Police broke up a fuel depot
blockade in France on Wednesday and France's hardline CGT union
prepared for a strike at a nuclear plant, escalating a standoff
over proposed new labour laws.
Read more
blockade in France on Wednesday and France's hardline CGT union
prepared for a strike at a nuclear plant, escalating a standoff
over proposed new labour laws.
Read more
Florence road collapses, burying cars and cutting water supply
FLORENCE, Italy, May 25 (Reuters) - A stretch of street
collapsed in central Florence early Wednesday, dropping a row of
parked cars into an underground pipeline and cutting water
supplies to part of the ancient city.
Read more
collapsed in central Florence early Wednesday, dropping a row of
parked cars into an underground pipeline and cutting water
supplies to part of the ancient city.
Read more
Water utility Pennon's full-year pretax profit rises
May 25 (Reuters) - British water utility Pennon Group Plc
said its full year pretax profit grew marginally, as
strength in its energy recovery unit offset lower water prices
set by Britain's regulator.
Read more
said its full year pretax profit grew marginally, as
strength in its energy recovery unit offset lower water prices
set by Britain's regulator.
Read more
Tuesday, May 24, 2016
UPDATE 1-Enel expected to get nod to buy Metroweb on Wednesday-sources
MILAN, May 24 (Reuters) - Italian state lender Cassa
Depositi e Prestiti is set to pick Enel as the buyer
of fibre-optic group Metroweb at a board meeting scheduled on
Wednesday, three sources familiar with the matter said on
Tuesday.
Read more
Depositi e Prestiti is set to pick Enel as the buyer
of fibre-optic group Metroweb at a board meeting scheduled on
Wednesday, three sources familiar with the matter said on
Tuesday.
Read more
Workers vote 24-hour strike at France's Nogent nuclear plant - CGT spokesman
PARIS, May 25 (Reuters) - Workers at France's hardline CGT
union have voted for a 24-hour strike at Nogent-sur-Seine
nuclear plant starting Wednesday at 1900 GMT, extending a
standoff with the government over labour laws that is also
affecting oil refineries.
Read more
union have voted for a 24-hour strike at Nogent-sur-Seine
nuclear plant starting Wednesday at 1900 GMT, extending a
standoff with the government over labour laws that is also
affecting oil refineries.
Read more
UPDATE 1-Areva says talks with Finland's TVO are "difficult"
PARIS, May 24 (Reuters) - French state-controlled nuclear
group Areva said on Tuesday that talks with its
Finnish customer TVO about the long-delayed Olkiluoto 3 reactor
were "difficult".
Read more
group Areva said on Tuesday that talks with its
Finnish customer TVO about the long-delayed Olkiluoto 3 reactor
were "difficult".
Read more
Total CEO says will "seriously reconsider" investments in France due to strikes - iTele
PARIS, May 24 (Reuters) - French oil and gas company Total
will "seriously reconsider" its investment plans in
France due to strikes in the oil sector that forced the company
to shut down refineries, iTele television reported Total's chief
executive as saying on Tuesday.
Read more
will "seriously reconsider" its investment plans in
France due to strikes in the oil sector that forced the company
to shut down refineries, iTele television reported Total's chief
executive as saying on Tuesday.
Read more
Greens urge halt to G7 nations' funding for overseas coal
BONN, Germany, May 24 (Reuters) - Environmental groups urged
Group of Seven (G7) nations led by Japan and Germany to stop
financing coal projects abroad, which they said amounted to $42
billion since 2007.
Read more
Group of Seven (G7) nations led by Japan and Germany to stop
financing coal projects abroad, which they said amounted to $42
billion since 2007.
Read more
Shell says oil sector needs to invest trillions even within climate limits
THE HAGUE, May 24 (Reuters) - The oil and gas industry will
need to invest up to $1 trillion per year even within the limits
of the U.N.-backed goal of curbing global warming to 2 degrees,
Royal Dutch Shell's chief executive said on Tuesday.
Read more
need to invest up to $1 trillion per year even within the limits
of the U.N.-backed goal of curbing global warming to 2 degrees,
Royal Dutch Shell's chief executive said on Tuesday.
Read more
UPDATE 1-EDF says cannot give timing for UK nuclear investment decision
LONDON, May 24 (Reuters) - EDF cannot give a
definitive time for when the French utility will make an
investment decision regarding the Hinkley C nuclear project in
Britain, EDF Energy CEO Vincent de Rivaz told British lawmakers
on Tuesday.
Read more
definitive time for when the French utility will make an
investment decision regarding the Hinkley C nuclear project in
Britain, EDF Energy CEO Vincent de Rivaz told British lawmakers
on Tuesday.
Read more
Cambodia takes solace from plough ceremony amid worst drought in 50 yrs
PHNOM PENH, May 24 (Reuters) - As the worst drought in half
a century delays rice planting in Cambodia, a pair of oxen on
Tuesday delved into rice, corn and bean bowls at an annual
ploughing ceremony in an omen for good harvests for those crops
in the year ahead.
Read more
a century delays rice planting in Cambodia, a pair of oxen on
Tuesday delved into rice, corn and bean bowls at an annual
ploughing ceremony in an omen for good harvests for those crops
in the year ahead.
Read more
Water utility Severn Trent ups savings forecast, FY profit falls
May 24 (Reuters) - British water utility Severn Trent Plc
said on Tuesday it expected to save about 670 million
pounds ($970 million) in total expenditure between April 2015
and March 2020, as it locked in further efficiencies.
Read more
said on Tuesday it expected to save about 670 million
pounds ($970 million) in total expenditure between April 2015
and March 2020, as it locked in further efficiencies.
Read more
Monday, May 23, 2016
UPDATE 1-French oil and port workers vote to begin new strikes
PARIS, May 23 (Reuters) - Oil sector workers of French CGT
and FO unions voted on Monday to begin a strike at Exxon Mobil's
240,000 barrels-per-day Port Jerome refinery in northern
France, the unions said in a joint statement.
Read more
and FO unions voted on Monday to begin a strike at Exxon Mobil's
240,000 barrels-per-day Port Jerome refinery in northern
France, the unions said in a joint statement.
Read more
French unions to strike at Exxon Mobil's Port Jerome refinery
PARIS, May 23 (Reuters) - Oil sector workers of French
hardline CGT and FO unions voted on Monday to start a strike at
Exxon Mobil's 240,000 barrel-per-day Port Jerome
refinery in northern France on Tuesday morning, a statement
said.
Read more
hardline CGT and FO unions voted on Monday to start a strike at
Exxon Mobil's 240,000 barrel-per-day Port Jerome
refinery in northern France on Tuesday morning, a statement
said.
Read more
NEWSMAKER-Brazil minister faces uphill fight to fix battered energy sector
RIO DE JANEIRO, May 23 (Reuters) - Interim President Michel
Temer has given one of the biggest jobs of his administration to
the youngest and least known of his cabinet members: Mines and
Energy Minister Fernando Coelho Filho, 32.
Read more
Temer has given one of the biggest jobs of his administration to
the youngest and least known of his cabinet members: Mines and
Energy Minister Fernando Coelho Filho, 32.
Read more
Could UAE solar push lead a trend for the Gulf?
DUBAI, May 23 (Thomson Reuters Foundation) - As the Gulf
states take steps to expand their use of clean energy, a bold
plan by the United Arab Emirates to boost its use of renewable
electricity from less than 1 percent to 24 percent in the next
five years could be a game-changer for the region, experts say.
Read more
states take steps to expand their use of clean energy, a bold
plan by the United Arab Emirates to boost its use of renewable
electricity from less than 1 percent to 24 percent in the next
five years could be a game-changer for the region, experts say.
Read more
REFILE-Union workers vote to shut down Total's Grandpuits refinery -union official
PARIS, May 23 (Reuters) - Union members at Total
101,000 barrels-per-day Grandpuits refinery have voted on Monday
to shut down production as part of an ongoing protest over
labour reform laws, an FO union official told Reuters.
Read more
101,000 barrels-per-day Grandpuits refinery have voted on Monday
to shut down production as part of an ongoing protest over
labour reform laws, an FO union official told Reuters.
Read more
French CGT union launches 24-hour strike at Fos-Lavera oil terminals - official
PARIS, May 23 (Reuters) - France's hardline CGT union has
launched a 24-hour strike at the Fos-Lavera oil terminals in the
southern port city of Marseille as the union toughens its stance
against the government over a labour reform law.
Read more
launched a 24-hour strike at the Fos-Lavera oil terminals in the
southern port city of Marseille as the union toughens its stance
against the government over a labour reform law.
Read more
Sunday, May 22, 2016
UK advisers struggling with Chinese stock listings - survey
LONDON, May 23 (Reuters) - Almost two-thirds of the advisory
firms who assist in stock exchange listings in London say they
are struggling to guide Chinese firms through the process, a
survey showed, in the latest sign of problems with such initial
public offerings.
Read more
firms who assist in stock exchange listings in London say they
are struggling to guide Chinese firms through the process, a
survey showed, in the latest sign of problems with such initial
public offerings.
Read more
REFILE-UPDATE 1-Nigerian ex-militants call for end to Niger Delta pipeline attacks
YENAGOA, Nigeria May 21 (Reuters) - Former militants have
called for a halt to a resurgence of attacks on oil and gas
facilities in Nigeria's Niger Delta, saying it is an unnecessary
distraction for President Muhammadu Buhari's administration.
Read more
called for a halt to a resurgence of attacks on oil and gas
facilities in Nigeria's Niger Delta, saying it is an unnecessary
distraction for President Muhammadu Buhari's administration.
Read more
Saturday, May 21, 2016
UPDATE 3-Nigeria's Buhari orders heightened military presence in restive Niger Delta
ABUJA/ONITSHA, Nigeria, May 20 (Reuters) - Nigeria's
President Muhammadu Buhari on Friday said he ordered a
heightened military presence in the restive Niger Delta region
to deal with a resurgence of attacks on oil and gas facilities,
a day after yet another pipeline explosion.
Read more
President Muhammadu Buhari on Friday said he ordered a
heightened military presence in the restive Niger Delta region
to deal with a resurgence of attacks on oil and gas facilities,
a day after yet another pipeline explosion.
Read more
Nigerian ex-militants call for end to Niger Delta pipeline attacks
YENAGOA, Nigeria May 21 (Reuters) - Former militants called
for a halt to a resurgence of attacks on oil and gas facilities
in Nigeria's southern Niger Delta, saying it is an unnecessary
distraction for President Muhammadu Buhari's administration.
Read more
for a halt to a resurgence of attacks on oil and gas facilities
in Nigeria's southern Niger Delta, saying it is an unnecessary
distraction for President Muhammadu Buhari's administration.
Read more
Friday, May 20, 2016
Canada's aboriginals tell Trudeau they can block pipelines
VANCOUVER, May 20 (Reuters) - Canadian aboriginal groups and
their allies said on Friday they have the power to block
proposed oil pipelines on land where they have proven title,
dismissing comments by Prime Minister Justin Trudeau who said no
community has a veto.
Read more
their allies said on Friday they have the power to block
proposed oil pipelines on land where they have proven title,
dismissing comments by Prime Minister Justin Trudeau who said no
community has a veto.
Read more
UPDATE 1-Speculators cut U.S. natgas net longs -CFTC
May 20 (Reuters) - U.S. natural gas speculators cut net long
positions for a third week in four, betting prices would remain
low in future months to encourage power generators to burn more
of the record high inventory of fuel left after a warm winter.
Read more
positions for a third week in four, betting prices would remain
low in future months to encourage power generators to burn more
of the record high inventory of fuel left after a warm winter.
Read more
SunEdison agrees to withdraw request for independent examiner
NEW YORK, May 20 (Reuters) - SunEdison Inc has
tentatively agreed to withdraw a request for an independent
examiner for the renewable energy company's bankruptcy, its
attorneys said in court on Friday, enabling its creditors to
pursue their own investigation.
Read more
tentatively agreed to withdraw a request for an independent
examiner for the renewable energy company's bankruptcy, its
attorneys said in court on Friday, enabling its creditors to
pursue their own investigation.
Read more
UPDATE 1-Eurotunnel to build France-UK power link via Channel Tunnel
* 1000 MW HVDC line to run through channel tunnel
(Adds financial detail, other interconnector plans)
Read more
(Adds financial detail, other interconnector plans)
Read more
Romania pledges to examine fate of villagers threatened by coal mine
LONDON, May 20 (Thomson Reuters Foundation) - Senior
government ministers in Romania have agreed to examine the fate
of the people of the village of Runcurel who face losing their
homes to make way for a coal mine, a charity helping the
villagers said on Friday.
Read more
government ministers in Romania have agreed to examine the fate
of the people of the village of Runcurel who face losing their
homes to make way for a coal mine, a charity helping the
villagers said on Friday.
Read more
Eurotunnel buys out Channel Tunnel power link developer
PARIS, May 20 (Reuters) - Channel Tunnel operator Eurotunnel
said on Friday it had agreed to buy Star Capital's 51 percent
stake in their joint venture ElecLink, which is developing an
electricity transmission line between Britain and France via the
undersea tunnel.
Read more
said on Friday it had agreed to buy Star Capital's 51 percent
stake in their joint venture ElecLink, which is developing an
electricity transmission line between Britain and France via the
undersea tunnel.
Read more
UPDATE 1-Gas pipeline in Niger Delta operated by Nigeria's NNPC attacked - community group
YENAGOA, Nigeria May 20 (Reuters) - A gas pipeline in
Nigeria's restive Niger Delta region operated by the state
energy company was attacked late on Thursday, a spokesman for a
local community group and a witness said on Friday.
Read more
Nigeria's restive Niger Delta region operated by the state
energy company was attacked late on Thursday, a spokesman for a
local community group and a witness said on Friday.
Read more
From rape to disasters, climate change a threat to women - funders
COPENHAGEN, May 20 (Thomson Reuters Foundation) - Carla
Lopez remembers the first time she heard a suggestion that
climate change was a factor leading to the rape of young girls.
Read more
Lopez remembers the first time she heard a suggestion that
climate change was a factor leading to the rape of young girls.
Read more
Gas pipeline in Niger Delta operated by Nigeria's NNPC attacked - community group
YENAGOA, Nigeria May 20 (Reuters) - A gas pipeline in
Nigeria's restive Niger Delta region operated by the state
energy company was attacked late on Thursday, a spokesman for a
local community group said on Friday.
Read more
Nigeria's restive Niger Delta region operated by the state
energy company was attacked late on Thursday, a spokesman for a
local community group said on Friday.
Read more
UPDATE 1-Tanzania to start building $3 bln fertiliser plant this year
DAR ES SALAAM, May 20 (Reuters) - Tanzania plans to start
work this year on a $3 billion fertiliser plant, which it said
on Friday will be Africa's largest, as part of an effort to
increase its agricultural production.
Read more
work this year on a $3 billion fertiliser plant, which it said
on Friday will be Africa's largest, as part of an effort to
increase its agricultural production.
Read more
EU's Vestager to meet Gazprom's Medvedev over competition concerns
COPENHAGEN, May 20 (Reuters) - European Competition
Commissioner Margrethe Vestager has plans to meet Gazprom's
Deputy Chief Executive Alexander Medvedev for talks
over antitrust charges against the Russian company, she said on
Friday.
Read more
Commissioner Margrethe Vestager has plans to meet Gazprom's
Deputy Chief Executive Alexander Medvedev for talks
over antitrust charges against the Russian company, she said on
Friday.
Read more
Australia shares rebound, set for weekly gain; NZ more subdued
SYDNEY/WELLINGTON, May 20 (Reuters) - Australian shares
staged a modest rebound on Friday after two sessions of declines
led by gains in the mining sector and some of the major banks,
setting the market on track to end the week a touch higher.
Read more
staged a modest rebound on Friday after two sessions of declines
led by gains in the mining sector and some of the major banks,
setting the market on track to end the week a touch higher.
Read more
Thursday, May 19, 2016
UPDATE 1-Brazil eyes fiscal gap of 150 bln reais without Eletrobras -sources
BRASILIA, May 19 (Reuters) - The Brazilian government will
likely announce a budget deficit of just over 150 billion reais
($42.13 billion)in 2016 after it decided to remove from its
accounts a possible capitalization of state power holding
Eletrobras, two officials told Reuters on Thursday.
Read more
likely announce a budget deficit of just over 150 billion reais
($42.13 billion)in 2016 after it decided to remove from its
accounts a possible capitalization of state power holding
Eletrobras, two officials told Reuters on Thursday.
Read more
UPDATE 2-Canada regulator approves Kinder Morgan pipeline with conditions
VANCOUVER, May 19 (Reuters) - Canada's energy regulator on
Thursday recommended the approval of Kinder Morgan Inc's
plan to expand the Trans Mountain oil pipeline, subject to 157
conditions, clearing a major hurdle for the proposed trebling of
capacity to serve lucrative Asian markets.
Read more
Thursday recommended the approval of Kinder Morgan Inc's
plan to expand the Trans Mountain oil pipeline, subject to 157
conditions, clearing a major hurdle for the proposed trebling of
capacity to serve lucrative Asian markets.
Read more
Renewables cannot replace nuclear in France yet-EDF exec
PARIS, May 19 (Reuters) - Renewable energy is far from being
able to replace nuclear energy in France's electricity mix,
utility EDF's head of nuclear said on Thursday.
Read more
able to replace nuclear energy in France's electricity mix,
utility EDF's head of nuclear said on Thursday.
Read more
FEATURE-In the Philippines, faith becomes a driving force against coal
BATANGAS, Philippines, May 19 (Thomson Reuters Foundation) -
T he Muslim cleric from the city of Batangas walked up to
Archbishop Ramon Arguelles and held out his hand. "I am Imam
Abdul Karim," he said, introducing himself. "I want to join you
in your fight against coal."
Read more
T he Muslim cleric from the city of Batangas walked up to
Archbishop Ramon Arguelles and held out his hand. "I am Imam
Abdul Karim," he said, introducing himself. "I want to join you
in your fight against coal."
Read more
EDF sees French energy plan shaping nuclear depreciation schedule
PARIS, May 19 (Reuters) - The French government's energy
investment plan due in July will be a key indicator for whether
and for how long EDF will extend the depreciation
period of its nuclear plants, an executive said on Thursday.
Read more
investment plan due in July will be a key indicator for whether
and for how long EDF will extend the depreciation
period of its nuclear plants, an executive said on Thursday.
Read more
Widening U.S. money fund spread sets stage for $400 bln shift
BOSTON, May 19 (Reuters) - The difference in yield between
prime and government money market funds has widened by 6 basis
points since January, according to data released on Wednesday,
in a trend expected to accelerate as investors prepare for new
rules being rolled out this autumn.
Read more
prime and government money market funds has widened by 6 basis
points since January, according to data released on Wednesday,
in a trend expected to accelerate as investors prepare for new
rules being rolled out this autumn.
Read more
Russia to lend Egypt $25 billion to build nuclear power plant
CAIRO, May 19 (Reuters) - Russia will loan Egypt $25 billion
to finance building and operating a nuclear power plant in
Egypt, the official gazette said on Thursday.
Read more
to finance building and operating a nuclear power plant in
Egypt, the official gazette said on Thursday.
Read more
National Grid's pretax profit rises 15 pct
May 19 (Reuters) - Britain's National Grid Plc said
its full-year pretax profit rose 15 percent, aided by strong
growth in its interconnectors and property businesses.
Read more
its full-year pretax profit rose 15 percent, aided by strong
growth in its interconnectors and property businesses.
Read more
UPDATE 1-National Grid profits rise, expects lower revenue from interconnectors
* Gas distribution sales process to start end June/early
July
(Adds CEO quote, background, share movement)
Read more
July
(Adds CEO quote, background, share movement)
Read more
UPDATE 1-California ends mandatory water conservation rules as drought eases
SACRAMENTO, Calif., May 18 (Reuters) - California moved on
Wednesday to dramatically roll back strict mandatory water
conservation rules imposed at the height of the state's
multi-year drought, after a wet winter eased conditions in parts
of the state.
Read more
Wednesday to dramatically roll back strict mandatory water
conservation rules imposed at the height of the state's
multi-year drought, after a wet winter eased conditions in parts
of the state.
Read more
Wednesday, May 18, 2016
California ends mandatory water conservation rules as drought eases
SACRAMENTO, Calif., May 18 (Reuters) - California moved on
Wednesday to dramatically roll back strict mandatory water
conservation rules imposed at the height of the state's
multi-year drought, after a wet winter eased conditions in parts
of the state.
Read more
Wednesday to dramatically roll back strict mandatory water
conservation rules imposed at the height of the state's
multi-year drought, after a wet winter eased conditions in parts
of the state.
Read more
NAACP sues Michigan, governor over Flint's lead-contaminated water
DETROIT, May 18 (Reuters) - The NAACP has filed a federal
lawsuit against Michigan and its governor on behalf of the
residents and businesses in Flint, where high levels of lead in
the drinking water has created a health crisis.
Read more
lawsuit against Michigan and its governor on behalf of the
residents and businesses in Flint, where high levels of lead in
the drinking water has created a health crisis.
Read more
UPDATE 1-Brazil's primary deficit could reach 150 bln reais -minister
RIO DE JANEIRO, May 18 (Reuters) - Brazil's fiscal deficit
prior to debt interest payments could reach 150 billion reais
($42.10 billion) this year as revenues collapse amid a crippling
recession economy, Finance Minister Henrique Meirelles said on
Wednesday.
Read more
prior to debt interest payments could reach 150 billion reais
($42.10 billion) this year as revenues collapse amid a crippling
recession economy, Finance Minister Henrique Meirelles said on
Wednesday.
Read more
UPDATE 1-Natgas shortages threaten Southern California summer power reliability
May 18 (Reuters) - The operator of the California power grid
said on Wednesday that natural gas shortages related to a
leak at the giant Aliso Canyon storage facility will threaten
electric reliability in the southern part of the state this
summer.
Read more
said on Wednesday that natural gas shortages related to a
leak at the giant Aliso Canyon storage facility will threaten
electric reliability in the southern part of the state this
summer.
Read more
Natgas shortages threaten Southern California summer power reliability
May 18 (Reuters) - The operator of the California power grid
said on Wednesday that natural gas shortages related to a
leak at the giant Aliso Canyon storage facility will threaten
electric reliability in the southern part of the state this
summer.
Read more
said on Wednesday that natural gas shortages related to a
leak at the giant Aliso Canyon storage facility will threaten
electric reliability in the southern part of the state this
summer.
Read more
Kayakers want Albania to keep wild river free of dams
TOC, Albania, May 18 (Reuters) - Environmentalists,
kayakers, villagers and politicians called on the Albanian
government on Wednesday not to spoil one of the last wild rivers
in Europe by building hydroelectric dams.
Read more
kayakers, villagers and politicians called on the Albanian
government on Wednesday not to spoil one of the last wild rivers
in Europe by building hydroelectric dams.
Read more
UPDATE 2-Israel says reaches deal with energy firms on Leviathan gas plan
JERUSALEM, May 18 (Reuters) - Israel has reached a new deal
with Texas-based Noble Energy and Israel's Delek Group
that will allow the firms to move forward with
development of the huge Leviathan natural gas field, Israel's
finance minister said on Wednesday.
Read more
with Texas-based Noble Energy and Israel's Delek Group
that will allow the firms to move forward with
development of the huge Leviathan natural gas field, Israel's
finance minister said on Wednesday.
Read more
Volvo rolls out cars of future built on common Geely platform
GOTHENBURG, Sweden, May 18 (Reuters) - Volvo showed off its
first two concept cars based on a new common platform with
Chinese owner Geely on Wednesday, a small car and an SUV it
hopes will help secure a firm premium market foothold.
Read more
first two concept cars based on a new common platform with
Chinese owner Geely on Wednesday, a small car and an SUV it
hopes will help secure a firm premium market foothold.
Read more
UPDATE 1-Norway awards 10 new oil licences for exploration in Arctic
* Greenpeace criticises awards
(Adds details of awards, minister's comments, Greenpeace
comments)
Read more
(Adds details of awards, minister's comments, Greenpeace
comments)
Read more
UPDATE 1-German cabinet gives green light to electric car incentives
* Electric cars to be exempt from vehicle tax for 10 years
(Adds details on tax breaks, quote)
Read more
(Adds details on tax breaks, quote)
Read more
Total CEO: oil demand strong, year end too early for rebalancing
PARIS, May 18 (Reuters) - Oil demand in 2016 will stay
strong, supporting prices, but the market is unlikely to
rebalance by the year end, the Chief Executive of French oil and
gas major Total, said on Wednesday.
Read more
strong, supporting prices, but the market is unlikely to
rebalance by the year end, the Chief Executive of French oil and
gas major Total, said on Wednesday.
Read more
WRAPUP 1-China says to support steel exports as U.S. imposes hefty tariffs
SHANGHAI/WASHINGTON, May 18 (Reuters) - China said it would
persist with controversial tax rebates to steel exporters to
support the sector's painful restructuring programme, defying a
United States move to impose punitive import duties on Chinese
steel products.
Read more
persist with controversial tax rebates to steel exporters to
support the sector's painful restructuring programme, defying a
United States move to impose punitive import duties on Chinese
steel products.
Read more
Australia, New Zealand shares edge lower
SYDNEY/WELLINGTON, May 18 (Reuters) - Australian shares
dipped on Wednesday, falling for the first time in three
sessions as revived expectations of an U.S. interest rate hike
weighed, though stronger commodities prices offset some of the
losses.
Read more
dipped on Wednesday, falling for the first time in three
sessions as revived expectations of an U.S. interest rate hike
weighed, though stronger commodities prices offset some of the
losses.
Read more
Tuesday, May 17, 2016
China April power consumption up 1.9 pct on year -energy regulator
BEIJING, May 18 (Reuters) - China consumed 456.9 kilowatt
hours of power in April, up 1.9 percent compared to the same
month of last year, the country's energy regulator said on
Wednesday.
Read more
hours of power in April, up 1.9 percent compared to the same
month of last year, the country's energy regulator said on
Wednesday.
Read more
UPDATE 1-Venezuela leader sees 'disappearance' of opposition legislature
CARACAS, May 17 (Reuters) - President Nicolas Maduro
predicted on Wednesday the imminent demise of Venezuela's
opposition-led parliament, amid an acrimonious conflict of
powers that is delaying solutions to its economic crisis.
Read more
predicted on Wednesday the imminent demise of Venezuela's
opposition-led parliament, amid an acrimonious conflict of
powers that is delaying solutions to its economic crisis.
Read more
UPDATE 1-Petrobras to tap Parente as CEO this week, sources say
SAO PAULO/BRASILIA, May 17 (Reuters) - State-controlled
Petróleo Brasileiro SA will appoint former
presidential chief of staff Pedro Parente as chief executive
officer, as Brazil's new interim government seeks to stamp its
authority on the debt-laden oil producer, two sources with
knowledge of the decision said on Tuesday.
Read more
Petróleo Brasileiro SA will appoint former
presidential chief of staff Pedro Parente as chief executive
officer, as Brazil's new interim government seeks to stamp its
authority on the debt-laden oil producer, two sources with
knowledge of the decision said on Tuesday.
Read more
French parliament adopts bill to ratify Paris climate agreement
PARIS, May 17 (Reuters) - French parliamentarians in a near
unanimous vote on Tuesday adopted a bill authorising the
government to ratify the landmark climate agreement reached by
195 nations in Paris in December.
Read more
unanimous vote on Tuesday adopted a bill authorising the
government to ratify the landmark climate agreement reached by
195 nations in Paris in December.
Read more
UPDATE 1-U.S. sets steep duties on imports of Chinese cold-rolled steel
WASHINGTON, May 17 (Reuters) - The United States slapped
Chinese steelmakers with final import duties of 522 percent on
cold-rolled flat steel on Tuesday after finding that their
products were being sold in the U.S. market below cost and with
unfair subsidies.
Read more
Chinese steelmakers with final import duties of 522 percent on
cold-rolled flat steel on Tuesday after finding that their
products were being sold in the U.S. market below cost and with
unfair subsidies.
Read more
Red Cross has greater access in Syria, stepping up aid -official
GENEVA, May 17 (Reuters) - The Red Cross is delivering
assistance to greater numbers of Syrian civilians and visiting
more detainees in government prisons but the situation remains
"dramatic" in besieged areas, a senior official said on Tuesday.
Read more
assistance to greater numbers of Syrian civilians and visiting
more detainees in government prisons but the situation remains
"dramatic" in besieged areas, a senior official said on Tuesday.
Read more
EIB sees no risk to its lending in Poland
WARSAW, May 17 (Reuters) - European Investment Bank (EIB)
plans to maintain its 2016 lending for Poland at last year's
level of 5.5 billion euros ($6.2 billion), despite Moody's
decision to cut its rating outlook last Friday, the EIB's Polish
representative said.
Read more
plans to maintain its 2016 lending for Poland at last year's
level of 5.5 billion euros ($6.2 billion), despite Moody's
decision to cut its rating outlook last Friday, the EIB's Polish
representative said.
Read more
UPDATE 1-Canada oil sands producers disrupted anew as wildfire shifts north
CALGARY, Alberta, May 17 (Reuters) - Canadian energy
producers were hit with fresh disruptions on Tuesday after a
massive wildfire burning around the oil sands hub of Fort
McMurray, Alberta, shifted north, forcing the evacuation of
about 4,000 people from work camps.
Read more
producers were hit with fresh disruptions on Tuesday after a
massive wildfire burning around the oil sands hub of Fort
McMurray, Alberta, shifted north, forcing the evacuation of
about 4,000 people from work camps.
Read more
TerraForm Global delays first-quarter report
May 17 (Reuters) - TerraForm Global Inc, a unit of
bankrupt U.S. solar energy company SunEdison Inc,
said it could not file its report for the quarter ended March
31.
Read more
bankrupt U.S. solar energy company SunEdison Inc,
said it could not file its report for the quarter ended March
31.
Read more
U.S. appeals court delays action on Obama's carbon emissions plan
WASHINGTON, May 16 (Reuters) - A U.S. appeals court on
Monday delayed consideration of a challenge by 27 states to
President Barack Obama's federal regulations to curb carbon
dioxide emissions mainly from coal-fired plants, meaning a
decision will not come until after the November presidential
election.
Read more
Monday delayed consideration of a challenge by 27 states to
President Barack Obama's federal regulations to curb carbon
dioxide emissions mainly from coal-fired plants, meaning a
decision will not come until after the November presidential
election.
Read more
Canada oil sands producers disrupted anew as wildfire shifts north
May 17 (Reuters) - Canadian energy producers were hit with
fresh disruptions on Tuesday after a massive wildfire burning
around the oil sands hub of Fort McMurray, Alberta, shifted
north, forcing the evacuation of about 4,000 people from work
camps.
Read more
fresh disruptions on Tuesday after a massive wildfire burning
around the oil sands hub of Fort McMurray, Alberta, shifted
north, forcing the evacuation of about 4,000 people from work
camps.
Read more
U.S. factory output boosted by machinery, auto production
WASHINGTON, May 17 (Reuters) - U.S. factory output expanded
in April as makers of machinery and cars posted solid increases
in production, a sign that the country's manufacturing sector
was resisting the downward pull from sputtering global growth.
Read more
in April as makers of machinery and cars posted solid increases
in production, a sign that the country's manufacturing sector
was resisting the downward pull from sputtering global growth.
Read more
UPDATE 1-Red Cross targets $110 million for drought relief in Southern Africa
JOHANNESBURG, May 17 (Reuters) - The International
Federation of Red Cross and the Red Crescent Societies (IFRC)
has launched an appeal for $110 million to a new initiative to
help drought-stricken southern African countries.
Read more
Federation of Red Cross and the Red Crescent Societies (IFRC)
has launched an appeal for $110 million to a new initiative to
help drought-stricken southern African countries.
Read more
Monday, May 16, 2016
Algeria orders $40 mln LPG vessel from China -Sonatrach document
ALGIERS, May 16 (Reuters) - A subsidiary of Algerian state
energy company Sonatrach has awarded two Chinese firms a $40
million deal to deliver a liquefied petroleum gas (LPG) carrier
and an option to provide a second vessel, according to a
Sonatrach document seen by Reuters.
Read more
energy company Sonatrach has awarded two Chinese firms a $40
million deal to deliver a liquefied petroleum gas (LPG) carrier
and an option to provide a second vessel, according to a
Sonatrach document seen by Reuters.
Read more
Brazil's Eletrobras says high risk of missing SEC filing deadline
SAO PAULO, May 16 (Reuters) - Brazil's state-controlled
electricity holding company Eletrobras said on Monday
it has a high risk of missing the U.S. Securities and Exchange
Commission deadline of May 18 for turning in regulatory filings
and could see its shares delisted in New York as a result.
Read more
electricity holding company Eletrobras said on Monday
it has a high risk of missing the U.S. Securities and Exchange
Commission deadline of May 18 for turning in regulatory filings
and could see its shares delisted in New York as a result.
Read more
UPDATE 1-Eletrobras says has no early repayment clauses linked to U.S. filings
SAO PAULO, May 16 (Reuters) - Centrais Elétricas Brasileiras
SA, Brazil's state-controlled electricity holding company, said
on Monday it has no clauses requiring early debt repayment in
case of failure to comply with
U.S. Securities and Exchange Commission (SEC) filings.
Read more
SA, Brazil's state-controlled electricity holding company, said
on Monday it has no clauses requiring early debt repayment in
case of failure to comply with
U.S. Securities and Exchange Commission (SEC) filings.
Read more
European shares steady as miners rise but Eutelsat slumps
* Morgan Stanley raises "defensive" stocks to overweight
(ADVISORY- Reuters plans to replace intra-day European and UK
stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets
for site in development). Adds details, updates prices)
Read more
(ADVISORY- Reuters plans to replace intra-day European and UK
stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets
for site in development). Adds details, updates prices)
Read more
Rwanda inaugurates 26 MW plant using methane from Lake Kivu
KIGALI, May 16 (Reuters) - Rwanda inaugurated a power plant
on Monday which uses methane gas from Lake Kivu, officials said,
adding 26 megawatts (MW) to the grid in a country where only a
quarter of the population is connected to an electricity supply.
Read more
on Monday which uses methane gas from Lake Kivu, officials said,
adding 26 megawatts (MW) to the grid in a country where only a
quarter of the population is connected to an electricity supply.
Read more
Ontario to spend $5.4 bln to cut carbon footprint-Globe and Mail
May 16 (Reuters) - The government of the Canadian province
of Ontario plans to spend more than C$7 billion ($5.41 billion)
over four years from 2017 in a bid to cut the province's carbon
footprint, the Globe and Mail reported on Monday.
Read more
of Ontario plans to spend more than C$7 billion ($5.41 billion)
over four years from 2017 in a bid to cut the province's carbon
footprint, the Globe and Mail reported on Monday.
Read more
Kabul locked down as Afghan authorities face power line protest
KABUL, May 16 (Reuters) - Stacked-up shipping containers
blocked the streets leading to Kabul's government and diplomatic
area on Monday as Afghan authorities prepared for a rally by
thousands of members of the Hazara minority over a multi-million
dollar power line project.
Read more
blocked the streets leading to Kabul's government and diplomatic
area on Monday as Afghan authorities prepared for a rally by
thousands of members of the Hazara minority over a multi-million
dollar power line project.
Read more
Sunday, May 15, 2016
Cash-starved Brazil considers selling off public assets -paper
RIO DE JANEIRO, May 15 (Reuters) - Brazil's government is
considering selling stakes in state-controlled assets including
its postal company as well as holdings in transport, power and
insurance firms in a bid to raise capital and streamline the
public sector, a newspaper reported on Sunday.
Read more
considering selling stakes in state-controlled assets including
its postal company as well as holdings in transport, power and
insurance firms in a bid to raise capital and streamline the
public sector, a newspaper reported on Sunday.
Read more
India's monsoon rains expected a week late, weather office says
MUMBAI, May 15 (Reuters) - Monsoon rains are expected to
arrive on India's southern Kerala coast by June 7, about a week
later than usual, the country's weather office said on Sunday.
Read more
arrive on India's southern Kerala coast by June 7, about a week
later than usual, the country's weather office said on Sunday.
Read more
Moody's cuts RWE debt to one notch above junk
FRANKFURT, May 14 (Reuters) - RWE is just one
notch above junk status after Moody's downgraded the Germany
utility's debt to Baa3 from Baa2, citing weak power prices,
Germany's nuclear exit and the company's exposure to coal.
Read more
notch above junk status after Moody's downgraded the Germany
utility's debt to Baa3 from Baa2, citing weak power prices,
Germany's nuclear exit and the company's exposure to coal.
Read more
Saturday, May 14, 2016
China April natural gas output up 5.6 pct on year - stats bureau
BEIJING, May 14 (Reuters) - China's April natural gas
production rose 5.6 percent over the same year-ago level to 10.6
billion cubic metres, according to data released by the National
Bureau of Statistics on Saturday.
Read more
production rose 5.6 percent over the same year-ago level to 10.6
billion cubic metres, according to data released by the National
Bureau of Statistics on Saturday.
Read more
Friday, May 13, 2016
UPDATE 1-Speculators boost U.S. natgas net longs -CFTC
May 13 (Reuters) - U.S. natural gas speculators boosted net
long positions for the first week in three, betting prices will
rise as production eases and demand picks up, absorbing some of
the record amount of fuel left in inventories after a warm
winter.
Read more
long positions for the first week in three, betting prices will
rise as production eases and demand picks up, absorbing some of
the record amount of fuel left in inventories after a warm
winter.
Read more
China April power output -1.7 pct on yr at 444.4 bln kWh - stats bureau
BEIJING, May 14 (Reuters) - China generated 444.4 billion
kilowatt-hours of power in April, down 1.7 percent compared with
the same period of last year, figures from the National Bureau
of Statistics showed on Saturday.
Read more
kilowatt-hours of power in April, down 1.7 percent compared with
the same period of last year, figures from the National Bureau
of Statistics showed on Saturday.
Read more
Speculators boost U.S. natgas net longs -CFTC
May 13 (Reuters) - U.S. natural gas speculators boosted net
long positions for the first week in three, betting prices will
rise as production eases and demand picks up, absorbing some of
the record amount of fuel left in inventories after a warm
winter.
Read more
long positions for the first week in three, betting prices will
rise as production eases and demand picks up, absorbing some of
the record amount of fuel left in inventories after a warm
winter.
Read more
Tanzania says Japan's Koyo Corp plans to build $1 bln power plant
DAR ES SALAAM, May 13 (Reuters) - Japan's Koyo Corporation
plans to invest $1 billion in a gas-fired power plant in
Tanzania, which has made huge natural gas discoveries, the
office of Tanzania's prime minister said on Friday.
Read more
plans to invest $1 billion in a gas-fired power plant in
Tanzania, which has made huge natural gas discoveries, the
office of Tanzania's prime minister said on Friday.
Read more
UPDATE 1-Dutch offshore wind tender attracts bids from Shell, RWE and Vattenfall
LONDON, May 13 (Reuters) - Some of Europe's biggest energy
companies, including Shell, RWE and
Vattenfall, are competing in a Dutch offshore wind
tender seen as one of the biggest green energy projects on offer
in Europe this year.
Read more
companies, including Shell, RWE and
Vattenfall, are competing in a Dutch offshore wind
tender seen as one of the biggest green energy projects on offer
in Europe this year.
Read more
RWE, Macquarie Capital in joint bid for Dutch offshore wind farm
LONDON, May 13 (Reuters) - German utility RWE and
Australia's Macquarie Capital have made a joint bid to
the Dutch government to build two 350 megawatt offshore wind
farms, a spokesman for RWE Innogy, its renewable energy
division, said on Friday.
Read more
Australia's Macquarie Capital have made a joint bid to
the Dutch government to build two 350 megawatt offshore wind
farms, a spokesman for RWE Innogy, its renewable energy
division, said on Friday.
Read more
IPO banks value DONG Energy at more than $15 bln -newspaper
COPENHAGEN, May 13 (Reuters) - Denmark's DONG Energy
could be valued at more than $15 billion,
according to two of the banks involved in the company's planned
initial public offering (IPO), Danish newspaper Berlingske
reported on Friday.
Read more
could be valued at more than $15 billion,
according to two of the banks involved in the company's planned
initial public offering (IPO), Danish newspaper Berlingske
reported on Friday.
Read more
Indonesia to review 35 GW power program amid investor doubts
JAKARTA, May 13 (Reuters) - Indonesian President Joko Widodo
has called for a review of the country's ambitious program to
develop 35 gigawatts of new power stations by 2019, the energy
minister said on Friday.
Read more
has called for a review of the country's ambitious program to
develop 35 gigawatts of new power stations by 2019, the energy
minister said on Friday.
Read more
Thursday, May 12, 2016
China to boost energy storage 10-fold to cut power waste -industry
BEIJING, May 13 (Reuters) - China is expected to raise its
power storage capacity by ten-fold to 14.5 gigawatts by 2020, as
the world's second-biggest economy tries to cut massive waste
from renewable energy projects, an industry association said.
Read more
power storage capacity by ten-fold to 14.5 gigawatts by 2020, as
the world's second-biggest economy tries to cut massive waste
from renewable energy projects, an industry association said.
Read more
UPDATE 1-Japan April spot LNG import prices fall to lowest in more than 2 yrs
(Adds detail, table)
TOKYO, May 13 (Reuters) - Prices of imported liquefied
natural gas (LNG) spot cargoes in April fell to their lowest
since Japan's trade ministry started publishing figures more
than two years ago, official data showed on Friday.
The average price of arriving LNG cargoes to the world's
biggest importer fell by $1 from a month earlier to $5.80 per
million British thermal units (mmBtu) in April, according to the
Ministry of Economy, Trade and Industry (METI).
Th
Read more
UPDATE 1-Brazil's Petrobras, Brookfield enter talks over pipeline unit
SAO PAULO, May 12 (Reuters) - State-controlled Petróleo
Brasileiro SA has entered exclusive talks with Brookfield Asset
Management Inc over the sale of natural gas pipeline
unit Nova Transportadora do Sudeste SA, as part of a plan to
dispose of $15 billion of non-essential assets by year-end.
Read more
Brasileiro SA has entered exclusive talks with Brookfield Asset
Management Inc over the sale of natural gas pipeline
unit Nova Transportadora do Sudeste SA, as part of a plan to
dispose of $15 billion of non-essential assets by year-end.
Read more
Japan April spot LNG prices fall to lowest in more than 2 yrs
TOKYO, May 13 (Reuters) - Prices for liquefied natural gas
(LNG) spot cargoes arriving in Japan in April fell to the lowest
since the trade ministry started publishing figures more than
two years ago, official data showed on Friday.
Read more
(LNG) spot cargoes arriving in Japan in April fell to the lowest
since the trade ministry started publishing figures more than
two years ago, official data showed on Friday.
Read more
Argentina's Pampa Energia aims to invest $400 mln in renewable energy
BUENOS AIRES, May 12 (Reuters) - Argentina's Pampa Energia
SA said on Thursday it planned to invest $400 million
in thermal and wind energy projects if it wins a tender process
for renewable power projects that the government will hold next
week.
Read more
SA said on Thursday it planned to invest $400 million
in thermal and wind energy projects if it wins a tender process
for renewable power projects that the government will hold next
week.
Read more
After Canada wildfire, a silver lining for businesses
TORONTO/VANCOUVER, May 12 (Reuters) - As the Canadian city
of Fort McMurray prepares to rebuild after a wildfire reduced
parts of it to ash, businesses from 'man camp' suppliers to
pizza parlors are preparing for a spike in demand as clean-up
crews, builders and oil sands workers pour into the region.
Read more
of Fort McMurray prepares to rebuild after a wildfire reduced
parts of it to ash, businesses from 'man camp' suppliers to
pizza parlors are preparing for a spike in demand as clean-up
crews, builders and oil sands workers pour into the region.
Read more
UPDATE 3-Enbridge says slowly resumes operations after Canadian wildfire
VANCOUVER, May 12 (Reuters) - Enbridge Inc
said on Thursday it was steadily resuming service on its
pipeline network through Canada's energy heartland about a week
after a massive wildfire spread through the Fort McMurray,
Alberta, area, forcing a shutdown.
Read more
said on Thursday it was steadily resuming service on its
pipeline network through Canada's energy heartland about a week
after a massive wildfire spread through the Fort McMurray,
Alberta, area, forcing a shutdown.
Read more
UPDATE 1-At least six bids for Lyon airport, three for Nice - sources
PARIS, May 12 (Reuters) - At least six offers have been
submitted for France's 60 percent stake in Lyon-Saint-Exupery
airport along with three bids for a similar stake in Nice Cote
d'Azur airport, sources close to the matter told Reuters.
Read more
submitted for France's 60 percent stake in Lyon-Saint-Exupery
airport along with three bids for a similar stake in Nice Cote
d'Azur airport, sources close to the matter told Reuters.
Read more
UPDATE 1-Shell participates in bid for Dutch offshore wind farm
AMSTERDAM, May 12 (Reuters) - Royal Dutch Shell is
in a consortium bidding to build two 350 megawatt wind farms off
the coast of the Netherlands, the oil company said on Thursday,
delivering on a promise to invest more in wind energy.
Read more
in a consortium bidding to build two 350 megawatt wind farms off
the coast of the Netherlands, the oil company said on Thursday,
delivering on a promise to invest more in wind energy.
Read more
Shell participates in bid for Dutch offshore wind farm
AMSTERDAM, May 12 (Reuters) - Royal Dutch Shell is
participating in a consortium bidding in a Dutch government
tender to build two 350 megawatt wind farms off the Netherlands'
southern coast.
Read more
participating in a consortium bidding in a Dutch government
tender to build two 350 megawatt wind farms off the Netherlands'
southern coast.
Read more
UPDATE 1-South Africa's Eskom sees no power cuts this year
* Says could start exporting excess power capacity by 2021
(Adds new CEO quote, coal contracts, nuclear power)
Read more
(Adds new CEO quote, coal contracts, nuclear power)
Read more
Investors boost bets on post-Rousseff Brazil, long-term doubts persist
May 12 (Reuters) - BlackRock Inc is among major
asset managers that had been raising their bets on Brazil even
before President Dilma Rousseff was suspended from office on
Thursday, but many investors are wary about the long-term
recovery prospects of Latin America's largest economy.
Read more
asset managers that had been raising their bets on Brazil even
before President Dilma Rousseff was suspended from office on
Thursday, but many investors are wary about the long-term
recovery prospects of Latin America's largest economy.
Read more
EDF to propose deal for 6 nuclear reactors in India by year-end
PARIS, May 12 (Reuters) - EDF will deliver a
proposal to the Indian government by year's end to build six
nuclear reactors, an executive at the French utility said on
Thursday, in what could be the world's biggest nuclear deal.
Read more
proposal to the Indian government by year's end to build six
nuclear reactors, an executive at the French utility said on
Thursday, in what could be the world's biggest nuclear deal.
Read more
UPDATE 1-UK watchdog to review some gas and electricity transmission projects
LONDON, May 12 (Reuters) - Britain's electricity regulator
has launched a review into some electricity and gas transmission
projects planned by grid operator National Grid.
Read more
has launched a review into some electricity and gas transmission
projects planned by grid operator National Grid.
Read more
U.S. high court could spur Congress on Puerto Rico debt crisis
WASHINGTON/SAN JUAN, May 12 (Reuters) - As the U.S. Congress
drags its feet on a bill to address Puerto Rico's $70 billion
debt crisis, it could get kicked into high gear by an unlikely
source: the Supreme Court.
Read more
drags its feet on a bill to address Puerto Rico's $70 billion
debt crisis, it could get kicked into high gear by an unlikely
source: the Supreme Court.
Read more
UPDATE 1-EDF says Hinkley Point equity cost could rise to 21 billion pounds
PARIS, May 12 (Reuters) - French utility EDF said
on Thursday the contingency needs of its project to build two
nuclear reactors in Britain could increase the cost by about
three billion pounds to nearly 21 billion pounds ($30.29
billion) (26.5 billion euros).
Read more
on Thursday the contingency needs of its project to build two
nuclear reactors in Britain could increase the cost by about
three billion pounds to nearly 21 billion pounds ($30.29
billion) (26.5 billion euros).
Read more
UK watchdog to review gas and electricity transmission price controls
LONDON, May 12 (Reuters) - Britain's electricity regulator
has launched a review into the price controls set for
electricity and gas transmission by grid operator National Grid
.
Read more
has launched a review into the price controls set for
electricity and gas transmission by grid operator National Grid
.
Read more
EDF says Hinkley Point equity cost could rise to 21 billion pounds
PARIS, May 12 (Reuters) - French utility EDF said
on Thursday that contingency margins on its project to build two
nuclear reactors in Hinkley Point, Britain could increase the
cost by about three billion pounds to nearly 21 billion pounds
($30.27 billion).
Read more
on Thursday that contingency margins on its project to build two
nuclear reactors in Hinkley Point, Britain could increase the
cost by about three billion pounds to nearly 21 billion pounds
($30.27 billion).
Read more
RWE sells power for coming years at above-market prices
FRANKFURT, May 12 (Reuters) - German utility RWE
has sold 90 percent of its 2016 power production, 90 percent of
2017 output, and 70 percent of 2018 production at above-market
prices, it said on Thursday.
Read more
has sold 90 percent of its 2016 power production, 90 percent of
2017 output, and 70 percent of 2018 production at above-market
prices, it said on Thursday.
Read more
Wednesday, May 11, 2016
Australia shares drop, led by financials, NZ flat
SYDNEY/WELLINGTON, May 12 (Reuters) - Australian shares ran
out of steam on Thursday to drop 0.6 percent after five straight
days of gains, with financials weighing down the index following
Wall Street's weak lead.
Read more
out of steam on Thursday to drop 0.6 percent after five straight
days of gains, with financials weighing down the index following
Wall Street's weak lead.
Read more
UPDATE 3-Canadian oilfield workers readying return after wildfire
* Fort McMurray still closed to residents
(Adds details from police briefing, vehicles moving north
toward oil sands plants)
Read more
(Adds details from police briefing, vehicles moving north
toward oil sands plants)
Read more
UPDATE 1-Putin says Crimea now free of reliance on Kiev for its power
SOCHI, Russia May 11 (Reuters) - Russian President Vladimir
Putin oversaw the launch of a fourth and final line supplying
electricity from Russia to Crimea on Wednesday, saying the
project had broken an energy blockage he accused Kiev of
imposing on the peninsula.
Read more
Putin oversaw the launch of a fourth and final line supplying
electricity from Russia to Crimea on Wednesday, saying the
project had broken an energy blockage he accused Kiev of
imposing on the peninsula.
Read more
German govt proposes cutting support for onshore wind energy starting 2017
BERLIN, May 11 (Reuters) - The German government has
proposed reducing support for onshore wind energy by 7.5 percent
for two years from January 2017, according to a draft proposal
for a meeting on renewable energy between the federal government
and Germany's 16 states.
Read more
proposed reducing support for onshore wind energy by 7.5 percent
for two years from January 2017, according to a draft proposal
for a meeting on renewable energy between the federal government
and Germany's 16 states.
Read more
UPDATE 2-Spain's Gas Natural to invest in grids, renewables to boost profit
* To distribute 7 bln euros in dividends in 2016-2020
(Adds new details on 2016, 2017, dividend)
Read more
(Adds new details on 2016, 2017, dividend)
Read more
Oil sands restarts in focus as Canada wildfire threat eases
EDMONTON, Alberta, May 11 (Reuters) - Market participants
are closely watching on Wednesday for the prospect of further
restarts by Canadian oil sands producers near wildfire-ravaged
Fort McMurray as some companies began slowly bringing operations
back online.
Read more
are closely watching on Wednesday for the prospect of further
restarts by Canadian oil sands producers near wildfire-ravaged
Fort McMurray as some companies began slowly bringing operations
back online.
Read more
France's Engie eyes $500 mln from Asia oil and gas assets sales
LONDON, May 11 (Reuters) - French utility Engie
is looking to offload its oil and gas assets in Indonesia and
Malaysia as a package in a sale process being run by Bank of
America Merrill Lynch, according to a document seen by Reuters.
Read more
is looking to offload its oil and gas assets in Indonesia and
Malaysia as a package in a sale process being run by Bank of
America Merrill Lynch, according to a document seen by Reuters.
Read more
E.ON sells central European power forward at above-market prices
FRANKFURT, May 11 (Reuters) - German utility E.ON
has made forward sales of its central European power production
at above-market prices for most of the next two years, but it
faces power generation losses once the contracts expire, slides
showed on Wednesday.
Read more
has made forward sales of its central European power production
at above-market prices for most of the next two years, but it
faces power generation losses once the contracts expire, slides
showed on Wednesday.
Read more
UPDATE 1-E.ON posts higher first quarter profit after Gazprom deal
FRANKFURT, May 11 (Reuters) - E.ON, Germany's
largest utility, reported an eight percent rise in first-quarter
core earnings on Wednesday, citing a one-off price-cutting deal
for gas purchases and saying the split-up of the group remained
top of the agenda.
Read more
largest utility, reported an eight percent rise in first-quarter
core earnings on Wednesday, citing a one-off price-cutting deal
for gas purchases and saying the split-up of the group remained
top of the agenda.
Read more
Tuesday, May 10, 2016
SunEdison "yieldcos" extend date to file financial reports
May 10 (Reuters) - Bankrupt solar company SunEdison's
"yieldcos" - TerraForm Global Inc and Terraform Power
Inc - said their units had amended credit agreements to
extend the date for filing financial reports.
Read more
"yieldcos" - TerraForm Global Inc and Terraform Power
Inc - said their units had amended credit agreements to
extend the date for filing financial reports.
Read more
Husky Energy to sell some Saskatchewan assets for C$595 mln
May 10 (Reuters) - Husky Energy said it would sell
some assets in southwest Saskatchewan for C$595 million ($461
million) to fellow oil and gas producer Whitecap Resources Inc
as it looks to raise cash.
Read more
some assets in southwest Saskatchewan for C$595 million ($461
million) to fellow oil and gas producer Whitecap Resources Inc
as it looks to raise cash.
Read more
UPDATE 5-Canadian oil production trickles back as wildfire threat eases
EDMONTON, Alberta, May 10 (Reuters) - Oil sands companies
around the Canadian energy center of Fort McMurray began to
restart operations on Tuesday after an out-of-control wildfire
forced a week-long shutdown.
Read more
around the Canadian energy center of Fort McMurray began to
restart operations on Tuesday after an out-of-control wildfire
forced a week-long shutdown.
Read more
Solar shares sell off after SolarCity forecast
NEW YORK, May 10 (Reuters) - After their hot rally at the
end of last year, shares of solar energy firms have turned ice
cold as concerns about slower growth and regulatory
uncertainties plague the group.
Read more
end of last year, shares of solar energy firms have turned ice
cold as concerns about slower growth and regulatory
uncertainties plague the group.
Read more
Engie buys an 80 percent stake in battery storage company Green Charge
PARIS, May 10 (Reuters) - French energy company Engie
said on Tuesday it had bought an 80 percent stake in
California-based battery power storage company Green Charge
Networks.
Read more
said on Tuesday it had bought an 80 percent stake in
California-based battery power storage company Green Charge
Networks.
Read more
Nissan's electric cars in UK trial to sell surplus power
LONDON, May 10 (Reuters) - Nissan is to launch a
trial this year to allow electric car owners in Britain to sell
electricity back to the National Grid and potentially make money
in the process.
Read more
trial this year to allow electric car owners in Britain to sell
electricity back to the National Grid and potentially make money
in the process.
Read more
EDF Q1 sales down 7 pct on competition, low power prices
PARIS, May 10 (Reuters) - French state-controlled utility
EDF first-quarter sales fell 6.7 percent to 21.44
billion euros due to increasing competition, record low
wholesale power prices and mild winter weather, the company said
in a statement on Tuesday.
Read more
EDF first-quarter sales fell 6.7 percent to 21.44
billion euros due to increasing competition, record low
wholesale power prices and mild winter weather, the company said
in a statement on Tuesday.
Read more
UPDATE 1-America's infrastructure $1.44 trln short through 2025 -report
May 10 (Reuters) - America will fall $1.44 trillion short of
what it needs to spend on infrastructure through the next
decade, a gap that could strip 2.5 million jobs and $4 trillion
of gross domestic product from the economy, a report from a
society of professional engineers said on Tuesday.
Read more
what it needs to spend on infrastructure through the next
decade, a gap that could strip 2.5 million jobs and $4 trillion
of gross domestic product from the economy, a report from a
society of professional engineers said on Tuesday.
Read more
America's infrastructure $1.44 trln short through 2025 -report
May 10 (Reuters) - America will fall $1.44 trillion short of
what it needs to spend on infrastructure through the next
decade, a gap that could strip 2.5 million jobs and $4 trillion
of gross domestic product from the economy, a report showed on
Tuesday.
Read more
what it needs to spend on infrastructure through the next
decade, a gap that could strip 2.5 million jobs and $4 trillion
of gross domestic product from the economy, a report showed on
Tuesday.
Read more
UPDATE 1-Nigerian union says oil firms should evacuate Niger Delta staff
YENAGOA, Nigeria, May 10 (Reuters) - Oil companies operating
in Nigeria should evacuate staff from the southern Niger Delta
following several attacks on oil facilities, a senior oil
workers' union official said on Tuesday.
Read more
in Nigeria should evacuate staff from the southern Niger Delta
following several attacks on oil facilities, a senior oil
workers' union official said on Tuesday.
Read more
Vivint Solar to take part in SunEdison's bankruptcy case
May 10 (Reuters) - Solar panel installer Vivint Solar Inc
said it would participate in SunEdison Inc's
bankruptcy case to maximize its recovery from claims against
SunEdison, which terminated its agreement to buy Vivint in
March.
Read more
said it would participate in SunEdison Inc's
bankruptcy case to maximize its recovery from claims against
SunEdison, which terminated its agreement to buy Vivint in
March.
Read more
UPDATE 1-Enel aims for 1 bln euros in asset sales in 2016
MILAN, May 10 (Reuters) - Italy's biggest utility Enel
expects to complete asset sales this year worth around
one billion euros ($1.1 billion), a sixth of its four-year
disposal target, CFO Alberto De Paoli said on Tuesday.
Read more
expects to complete asset sales this year worth around
one billion euros ($1.1 billion), a sixth of its four-year
disposal target, CFO Alberto De Paoli said on Tuesday.
Read more
UPDATE 1-Czech power firm CEZ tops forecast with Q1 profit surge
PRAGUE, May 10 (Reuters) - Czech electricity producer CEZ
reported a 32 percent rise in first-quarter adjusted
net profit on Tuesday, lifted by higher trading income, currency
gains and a boost from renewable sources in Romania that
compensated for falling power prices.
Read more
reported a 32 percent rise in first-quarter adjusted
net profit on Tuesday, lifted by higher trading income, currency
gains and a boost from renewable sources in Romania that
compensated for falling power prices.
Read more
Huadian Fuxin says landslide death toll at 26, hydropower plant unaffected
HONG KONG, May 10 (Reuters) - Huadian Fuxin Energy Corp Ltd
said on Tuesday that 26 people had died after a
landslide hit sections of a hydroelectric power project in
China's southeastern Fujian province.
Read more
said on Tuesday that 26 people had died after a
landslide hit sections of a hydroelectric power project in
China's southeastern Fujian province.
Read more
Monday, May 9, 2016
Venezuela extends two-day workweek for state employees to save energy
CARACAS, May 9 (Reuters) - Venezuela's socialist government
has extended a two-day workweek for public sector employees for
another two weeks because of a drought that has sapped
hydroelectric power generation in the OPEC country.
Read more
has extended a two-day workweek for public sector employees for
another two weeks because of a drought that has sapped
hydroelectric power generation in the OPEC country.
Read more
UPDATE 1-Telecom Italia makes all-cash bid for Italy's Metroweb - source
ROME, May 9 (Reuters) - Telecom Italia has made a
formal all-cash offer to buy fibre network company Metroweb,
valuing it at more than 820 million euros ($933 million), a
source close to the matter said on Monday.
Read more
formal all-cash offer to buy fibre network company Metroweb,
valuing it at more than 820 million euros ($933 million), a
source close to the matter said on Monday.
Read more
UPDATE 1-Total plans to sell specialty chemicals subsidiary Atotech -Le Figaro
PARIS, May 9 (Reuters) - French oil and gas producer Total
plans to sell its specialty chemicals and equipment
division Atotech, its chief executive told Le Figaro newspaper
after the company announced on Monday it would buy battery maker
Saft.
Read more
plans to sell its specialty chemicals and equipment
division Atotech, its chief executive told Le Figaro newspaper
after the company announced on Monday it would buy battery maker
Saft.
Read more
EDF works council votes for independent study on Hinkley point
PARIS, May 9 (Reuters) - EDF's works council said
on Monday it had voted to order an external study into the
French utility's project to build two nuclear reactors at
Hinkley Point in Britain.
Read more
on Monday it had voted to order an external study into the
French utility's project to build two nuclear reactors at
Hinkley Point in Britain.
Read more
Total plans to sell specialty chemicals subsidiary Atotech - Le Figaro
PARIS, May 9 (Reuters) - Total plans to sell its
specialty chemicals and equipment division Atotech, the chief
executive of the French oil and gas major told French daily Le
Figaro after the company announced on Monday it planned to buy
battery maker Saft.
Read more
specialty chemicals and equipment division Atotech, the chief
executive of the French oil and gas major told French daily Le
Figaro after the company announced on Monday it planned to buy
battery maker Saft.
Read more
SE Asia Stocks-S'pore snaps 10-day losing streak, Indonesia hits over 2-month low
May 9 (Reuters) - Singapore shares rose on Monday, snapping
a 10-session losing streak, helped by a rally in U.S. stocks
late last week, while most other Southeast Asian markets
suffered losses led by Indonesia, which fell to its lowest in
over two months.
U.S. stocks bounced back on Friday from early losses to
close higher as investors viewed the day's jobs data as less
disappointing than first thought.
"Singapore stock market opened higher as positive sentiments
spilled over from the
Read more
a 10-session losing streak, helped by a rally in U.S. stocks
late last week, while most other Southeast Asian markets
suffered losses led by Indonesia, which fell to its lowest in
over two months.
U.S. stocks bounced back on Friday from early losses to
close higher as investors viewed the day's jobs data as less
disappointing than first thought.
"Singapore stock market opened higher as positive sentiments
spilled over from the
Read more
Pakistan must speed up reform, employ more women for growth - World Bank
ISLAMABAD, May 9 (Reuters) - Pakistan must speed up reform
of the energy sector and bring more women into the labour force
if it wants to quicken economic growth that lags far behind
regional peers, the World Bank's country representative said on
Monday.
Read more
of the energy sector and bring more women into the labour force
if it wants to quicken economic growth that lags far behind
regional peers, the World Bank's country representative said on
Monday.
Read more
Saturday, May 7, 2016
GLOBAL LNG-Pick-up in import demand anticipated after price slip
LONDON, May 6 (Reuters) - Traders anticipate more buying
interest for liquefied natural gas (LNG) from importers
including Japan and Argentina next week after Asian spot prices
eased due to weak demand.
Read more
interest for liquefied natural gas (LNG) from importers
including Japan and Argentina next week after Asian spot prices
eased due to weak demand.
Read more
Enbridge requests regulator extend Northern Gateway permit
May 6 (Reuters) - Enbridge Inc filed a request on
Friday with Canada's national energy regulator for an extension
of its Northern Gateway project permit to continue talks with
communities in northwest British Columbia.
Read more
Friday with Canada's national energy regulator for an extension
of its Northern Gateway project permit to continue talks with
communities in northwest British Columbia.
Read more
Thursday, May 5, 2016
Croatia interested in role in Hungary's disputed nuclear project
SARAJEVO, May 5 (Reuters) - Croatia is interested in taking
part in a disputed project to expand the Paks nuclear power
plant its neighbour Hungary has awarded to Russia's Rosatom,
Croatia's Entrepreneurship and Crafts Minister Darko Horvat said
on Thursday.
Read more
part in a disputed project to expand the Paks nuclear power
plant its neighbour Hungary has awarded to Russia's Rosatom,
Croatia's Entrepreneurship and Crafts Minister Darko Horvat said
on Thursday.
Read more
UPDATE 1-Shares in Spain's Repsol rise after solid start of the year
MADRID, May 5 (Reuters) - Spanish oil company Repsol
reported better than expected first-quarter net profit
on Thursday helped by lower exploration and production costs and
a solid performance at its refining business despite lower oil
prices.
Read more
reported better than expected first-quarter net profit
on Thursday helped by lower exploration and production costs and
a solid performance at its refining business despite lower oil
prices.
Read more
EDP sees sound medium-term profit rise, stocks jump
LISBON, May 5 (Reuters) - EDP-Energias de Portugal
expects its net profit to grow by 4 percent a year through 2020
thanks to capacity additions at its wind energy division and a
gentle market recovery, the company said on Thursday.
Read more
expects its net profit to grow by 4 percent a year through 2020
thanks to capacity additions at its wind energy division and a
gentle market recovery, the company said on Thursday.
Read more
UPDATE 1-Centrica looks to raise funds to cut debt; shares fall
May 5 (Reuters) - Britain's largest energy supplier Centrica
said on Thursday it intended to raise funds equal to
nearly 7 percent of its share capital, partly to cut debt,
sending its shares down as much as 8 percent.
Read more
said on Thursday it intended to raise funds equal to
nearly 7 percent of its share capital, partly to cut debt,
sending its shares down as much as 8 percent.
Read more
BUZZ-Centrica: bottom of Stoxx on equity issuance
** Utility group Centrica -c.7%, top loser on Stoxx
600 & on track for worst day in >1 yr on surprise
equity issuance
Read more
600 & on track for worst day in >1 yr on surprise
equity issuance
Read more
Wednesday, May 4, 2016
Germany may recommend minimum carbon price for Europe -draft
FRANKFURT, May 4 (Reuters) - Germany is considering lobbying
for a minimum price to be set on Europe-wide avoidance of carbon
dioxide emissions to boost the effectiveness of carbon schemes
that have so far failed to cut CO2 and battle climate change, a
draft document outlining the nation's energy and climate policy
shows.
Read more
for a minimum price to be set on Europe-wide avoidance of carbon
dioxide emissions to boost the effectiveness of carbon schemes
that have so far failed to cut CO2 and battle climate change, a
draft document outlining the nation's energy and climate policy
shows.
Read more
UK's Cameron says British exit from EU would hurt steel industry
LONDON, May 4 (Reuters) - Britain's steel industry would
face severe challenges if the country was not a member of the
European Union, Prime Minister David Cameron said on Wednesday
ahead of a June 23 referendum on whether to stay in the bloc.
Read more
face severe challenges if the country was not a member of the
European Union, Prime Minister David Cameron said on Wednesday
ahead of a June 23 referendum on whether to stay in the bloc.
Read more
UPDATE 2-Former CFO wanted EDF to delay Hinkley Point project
* Says EPR reactor involves major construction risk
(Adds Piquemal quotes on danger to EDF)
Read more
(Adds Piquemal quotes on danger to EDF)
Read more
UPDATE 1-Montenegro's economy expected to grow 4 pct in 2016 - minister
SARAJEVO, May 4 (Reuters) - Montenegro's economy is expected
to grow four percent this year, after 3.2 percent in 2015,
driven by big projects in infrastructure and tourism, the
economy minister said on Wednesday.
Read more
to grow four percent this year, after 3.2 percent in 2015,
driven by big projects in infrastructure and tourism, the
economy minister said on Wednesday.
Read more
UPDATE 1-Former CFO wanted EDF to delay Hinkley Point decision, warns on rating
PARIS, May 4 (Reuters) - EDF's former chief
financial officer urged to utility to delay a final investment
decision on building Britain's Hinkley Point nuclear plant by at
least three years, he told France's parliament on Wednesday.
Read more
financial officer urged to utility to delay a final investment
decision on building Britain's Hinkley Point nuclear plant by at
least three years, he told France's parliament on Wednesday.
Read more
Tuesday, May 3, 2016
Chile proposes $9 billion infrastructure fund
SANTIAGO, May 3 (Reuters) - Chile on Tuesday unveiled plans
to create an infrastructure fund to spur public works investment
and spark the sluggish economy, and will send legislation on the
fund to Congress as early as next week, officials said.
Read more
to create an infrastructure fund to spur public works investment
and spark the sluggish economy, and will send legislation on the
fund to Congress as early as next week, officials said.
Read more
UPDATE 1-Irregularities found in Areva-made components in French nuclear plants -ASN
PARIS, May 3 (Reuters) - Irregularities have been found in
around 50 Areva-made components installed in French nuclear
reactors, nuclear regulator ASN said on Tuesday.
Read more
around 50 Areva-made components installed in French nuclear
reactors, nuclear regulator ASN said on Tuesday.
Read more
UPDATE 1-Tough oil and gas markets hit Vallourec's first-quarter sales
PARIS, May 3 (Reuters) - Vallourec on Tuesday
reported a first-quarter net loss and a drop in sales volumes to
record lows, but the steel pipe maker said its results would
improve in the second quarter.
Read more
reported a first-quarter net loss and a drop in sales volumes to
record lows, but the steel pipe maker said its results would
improve in the second quarter.
Read more
UPDATE 1-Engie says Mestrallet's chairman salary will go to charity
PARIS, May 3 (Reuters) - French utility Engie
board chairman Gerard Mestrallet's 350,000 euro ($404,000)
salary will go to the Engie Foundation charity and Mestrallet
will carry out his new job for free, the company said.
Read more
board chairman Gerard Mestrallet's 350,000 euro ($404,000)
salary will go to the Engie Foundation charity and Mestrallet
will carry out his new job for free, the company said.
Read more
Irregularities found in Areva-made components in French nuclear plants -ASN
PARIS, May 3 (Reuters) - Irregularities have been found in
some 50 Areva-made components installed in French nuclear
reactors, nuclear regulator ASN said in a statement on Tuesday.
Read more
some 50 Areva-made components installed in French nuclear
reactors, nuclear regulator ASN said in a statement on Tuesday.
Read more
Bribery for services rampant in Mideast, North Africa, research finds
NEW YORK, May 3 (Thomson Reuters Foundation) - Roughly one
in three people in the Middle East and North Africa has recently
paid bribes to public officials and for services such as medical
care and electricity, and most people say corruption is growing,
a watchdog group said on Tuesday.
Read more
in three people in the Middle East and North Africa has recently
paid bribes to public officials and for services such as medical
care and electricity, and most people say corruption is growing,
a watchdog group said on Tuesday.
Read more
Monday, May 2, 2016
Siemens to pay Israel $43 mln to settle bribery case -Israel
JERUSALEM, May 2 (Reuters) - Siemens AG will pay
Israel 160 million shekels ($43 million) to settle a decade-old
corruption case in which the German group was accused of bribing
executives at a state-owned utility to win contracts, Israeli
authorities said on Monday.
Read more
Israel 160 million shekels ($43 million) to settle a decade-old
corruption case in which the German group was accused of bribing
executives at a state-owned utility to win contracts, Israeli
authorities said on Monday.
Read more
RPT-Australia coal mines brace for floods as La Nina looms
SYDNEY, April 29 (Reuters) - Five years ago floods linked to
a La Nina weather pattern nearly brought Australia's coal
industry to a standstill. With another of the sea-cooling events
now forming and the risk of heavy rains returning, mining
companies say they are ready.
Read more
a La Nina weather pattern nearly brought Australia's coal
industry to a standstill. With another of the sea-cooling events
now forming and the risk of heavy rains returning, mining
companies say they are ready.
Read more
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