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Category: Energy
Shell enters Australian power industry with ERM Power bid
MELBOURNE (Reuters) – Royal Dutch Shell has made its first foray into Australia’s highly competitive power sector with a A$617 million ($419 million) takeover offer for ERM Power Ltd, the country’s no.2…
India set to increase energy imports from US: Minister
Bloomberg/New Delhi India will step up oil and gas imports from the US as the third-biggest oil consumer looks to diversify its supply sources and secure energy for its 1.3bn people. “When…
Sweden’s Biggest Cities Face Power Shortage After Fuel-Tax Hike
Sweden’s introduction on Thursday of a tax aimed at phasing out the nation’s last remaining coal and gas plants to curb global warming comes with an unintended consequence for some of its…
Edison unexpectedly pulls out of Royee license
An exploratory drilling in January at the Israeli offshore field, which has a 36% geological probability of containing 100 BCM in natural gas, has been cancelled. Edison E&P has unexpected quit the Royee…
Oil Industry Poised to Attack as Trump Boosts Ethanol in Fuels
Oil industry foes are preparing to go to court to fight the Environmental Protection Agency regulation issued Friday that allows year-round sales of higher-ethanol E15 gasoline nationwide. The agency’s final rule offers ethanol producers and corn…
First Annual Eastern Mediterranean Energy Leadership Summit
Interest in the Eastern Mediterranean has increased during the last years with the discovery of major gas fields such as Tamar, Leviathan and the giant Zohr field in Egypt. These have opened…
Energy products are key inputs to global chemicals industry
Source: U.S. Energy Information Administration, based on World Input-Output Database Note: Dollar values are expressed in 2010 U.S. dollars, converted based on purchasing power parity. The industrial sector of the worldwide economy consumed more than…