Oil futures head sharply lower on Monday, poised to give back much of their gains from last week, as China has reportedly asked for more talks with the U.S. before signing "phase one" of a trade deal that President Donald Trump announced on Friday.
(Bloomberg Opinion) -- America's second shale boom is running out of steam. But don't panic just yet, a third one may be coming over the horizon.The U.S. Energy Information Administration published its latest short-term energy outlook last week and has cut its forecast of oil production by the end of 2020 for the fourth straight month. It now expects American output to rise by just 370,000 barrels a day over the course of next year.
French energy giant Total SA will buy a 37.4% stake in Indian gas distribution company Adani Gas, as it looks to capitalise on the South Asian country's push for cleaner sources of energy.
Stating that the government has laid emphasis on developing a gas-based economy, he said natural gas is gradually becoming a bridging fuel for low carbon economy in India.
India Investing $60B In Natural Gas Supply, Distribution Infrastructure, Says Dharmendra Pradhan - The Financial Express
Natural gas currently constitutes 6.2 per cent of all energy consumption in the country. : India is investing over USD 60 billion in developing natural supply and distribution infrastructure as it chases the target of more than doubling the share of natural gas in its energy base to 15 per cent by 2030, Oil Minister Dharmendra Pradhan said on Sunday. Natural gas currently constitutes 6.2 per cent of all energy consumption in the country.
Future Retail said the management had given in-principle approval for the acquisition of the assets, adding it would be done in one or more tranches and after getting an independent valuation report.
The investment will help fund Henvey Inlet Wind and Grady Wind facility acquisitions. : CBRE Caledon Capital Management has invested $260m (EUR236m) in US-based independent renewable energy firm Pattern Energy Group. The infrastructure and private equity investor, on behalf of a fund it sponsors as well as its separately managed accounts, is investing the capital via Pattern Energy's private placement of perpetual preferred stock. Pattern Energy said it will use a portion of the proceeds to buy ownership interests in two operating wind power facilities, the Henvey Inlet Wind facility in Ontario and the Grady Wind facility in New Mexico.
The federal government has urged the states to fast-track a wish list of projects that could be started quickly to lift the economy.
Infrastructure is on the agenda when the nation's treasurers meet on Friday, as well as a range of reforms from overhauling how trucks pay for road use to the health of Australians.
(Telecompaper) The Electricity Company of Ghana (ECG) has announced that it intends to venture into telecommunications and internet service provision, ITWeb reported. ECG managing director Samuel Boakye-Appiah said that the company would use its network to install fibre in collaboration with telecom firms and that its infrastructure would be used to offer data and internet services.