Posts Tagged ‘Reuters Group PLC’

KenGen to focus on geothermal to boost power

April 23rd, 2009

JOHANNESBURG, April 23 (Reuters) - Kenya’s leading power producer is seeking a total of $5 billion over the next 10 years to develop the largely untapped geothermal potential in east Africa’s biggest economy to boost power supply.
Kenya Electricity Generating Company (KenGen) (KEGN1.NR), which generates about 80 percent of the country’s power mainly from hydro sources, [...]

China may bid for Jordan’s $3.5 bln nuclear contract

April 22nd, 2009

BEIJING, April 21 (Reuters) - China National Nuclear Corp (CNNC) could join the bidding to build a nuclear power plant in Jordan worth $3.5 billion, Khaled Toukan, chairman of the Jordan Atomic Energy Commission (JAEC), said on Tuesday.
French nuclear energy producer Areva (CEPFi.PA), Korea Electric Power Corp (KEPCO) (015760.KS), Atomic Energy of Canada Ltd [...]

ANALYSIS-In big green push, Australia thinks too small on solar

April 8th, 2009

By Leonora Walet and Bruce Hextall
HONG KONG/SYDNEY, April 8 (Reuters) - At first glance, a new day seems to be dawning for the overshadowed solar sector in Australia, the world’s sunniest continent.
The government is pushing through a carbon trading scheme that will penalise big greenhouse gas emitters; a major piece of renewables legislation is due [...]

OPEC president says oil cuts supporting price

March 16th, 2009

By Henrique Almeida
VIENNA (Reuters) - OPEC’s Angolan president said on Sunday the group’s existing supply curbs had brought some stability to the market, although prices remained too low to encourage investment in new supplies.
The Organization of the Petroleum Exporting Countries decided earlier on Sunday to leave formal output targets unchanged and step up adherence to [...]

Oil rises towards $39 on Saudi cuts

January 14th, 2009

By Joe Brock
LONDON (Reuters) - Oil rose 3 percent toward $39 a barrel on Wednesday, as OPEC kept up talk of production cuts and a cold snap in the United States boosted heating oil demand.
Top exporter Saudi Arabia said on Tuesday it was prepared to go even further than cuts it had made since December [...]

Slovakia to restart nuclear plant

January 12th, 2009

BRUSSELS: Starved of gas following Russia’s dispute with Ukraine, Slovakia has announced plans to restart a Soviet-era nuclear reactor in defiance of the European Union, to the fury of one of its neighbors.
The decision, made late Saturday, is expected to provoke sharp criticism at a meeting of European energy ministers in Brussels on Monday, and [...]

Oil slips below $41 after U.S. unemployment data

January 9th, 2009

LONDON (Reuters) – Oil prices slipped below $41 a barrel on Friday as data showing a big rise in U.S. unemployment deepened gloom over the outlook for the world’s biggest oil consumer.
U.S. employers slashed payrolls by 524,000 in December, driving the national unemployment rate to its highest level in almost 16 years, a government report [...]

Chevron sees big drops in fourth-quarter production and earnings

January 9th, 2009

By Braden Reddall
SAN FRANCISCO (Reuters) - Chevron Corp (CVX.N) expects its fourth-quarter earnings to be significantly lower than the previous quarter due to the impact of lower energy prices on its exploration and production business.
The second-largest U.S. oil and gas company also said on Thursday its U.S. oil-equivalent production in October and November was 608,000 [...]

Nevada Power steams forward: Company considers geothermal stake in Northern Nevada

December 31st, 2008

By JOHN G. EDWARDS
LAS VEGAS REVIEW-JOURNAL
The electric utility serving Las Vegas is preparing to consider its first investment in a geothermal power project in Northern Nevada, using a method just approved by state regulators.
Nevada Power Co., which does business as NV Energy, plans to enter a joint ownership agreement with Ormat Nevada, a geothermal [...]

Oil rebounds to under $44 after 4 percent overnight fall

December 10th, 2008

SINGAPORE (Reuters) – Oil rebounded by more than $1 a barrel to under $44 in light bargain hunting on Wednesday, after slumping 4 percent overnight on the back of lowered forecasts for U.S. energy demand and fears of a deepening global recession.
The market is looking ahead to producer cartel OPEC’s December 17 meeting, which is [...]