17 October 2018

Resources,Power & Utilities

  • When oil prices rise abruptly we should be concerned because they can cause a domino effect on the real economy. Photo: Reuters

    Is the oil burden a rising problem?

    - Sep 28, 2018 3:29pm
    While markets become increasingly bullish, oil prices are close to a “warning zone” where the barrel could be one — if not the only — catalyst of a major slowdown. The concept of “Oil Burden” is...
  • “Big Oil” firms have been hit by a number of actions relating to their role in climate change. Photo: Bloomberg

    Storm warning for the fossil fuel industry

    - Sep 27, 2018 10:16am
    This has been a year of extreme weather events, from the “Beast from the East” that froze much of the United Kingdom in March to Hurricane Florence on the US East Coast and Typhoon Mangkhut in...
  • Saudi Arabia's Energy Minister Khalid al-Falih said the kingdom has spare capacity to raise output but such a move is not required at the moment and may not be needed next year. Photo: Reuters

    OPEC, Russia rebuff Trump call for immediate boost to oil output

    Sep 24, 2018 9:32am
    OPEC leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out any immediate, additional increase in crude output, effectively rebuffing US President Donald Trump’s calls for action to cool the market, Reuters...
  • Former Enron CEO Jeffrey Skilling was sentenced to a 24-year prison term in 2006 for his role in maintaining a facade of success as the company's energy business crumbled. Photo: Reuters

    Former Enron CEO released from prison to halfway house

    Aug 31, 2018 12:21pm
    Jeffrey Skilling, the former chief executive of Enron who received a 24-year prison sentence for his role in the company’s spectacular collapse, has been released from an Alabama prison camp and moved to a halfway house,...
  • Noble Group hareholders are being asked to support a debt-for-equity swap that will leave them with just 20 percent of the business. Photo: Reuters

    Noble faces crucial vote for US$3.5 billion restructuring deal

    Aug 27, 2018 10:11am
    Noble Group Ltd. faces a key shareholder meeting on Monday as the shrivelled commodity trader races to clinch a last-ditch US$3.5 billion debt restructuring deal to stay afloat and put a three-year crisis behind it, Reuters...
  • The proposed listing of state oil giant Aramco was a central part of Saudi Crown Prince Mohammed bin Salman’s reform drive. Photo: Reuters

    Aramco listing plan halted, oil giant disbands advisors: report

    Aug 23, 2018 8:52am
    Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, Reuters reports, citing senior industry sources. The financial advisors working on the proposed listing have been disbanded, as Saudi...
  • Heeding Xi Jinping's call to boost national energy security, Chinese oil and gas giants have pledged to boost exploration and production activities. Photo: Bloomberg

    China state firms vow to boost domestic oil, gas exploration

    Aug 9, 2018 9:16am
    China’s state-owned energy giants pledged to expand domestic oil and gas exploration and production, with a particular focus on natural gas supplies, following a call from President Xi Jinping to boost national energy security, Reuters reports....
  • The latest closures at SolarCity raise new questions about the viability of cash-strapped Tesla’s solar business. Photo: Bloomberg

    Tesla to close solar facilities in US nine states: Reuters

    Jun 22, 2018 8:45am
    Electric car maker Tesla Inc.’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial US$2.6 billion deal, Reuters reports, citing...
  • Coal is used to generate almost 40 percent of electricity worldwide. Photo: Reuters

    Big investors urge G7 to step up climate action, shift from coal

    Jun 4, 2018 8:20am
    Institutional investors with US$26 trillion in assets under management called on Group of Seven leaders to phase out the use of coal in power generation to help limit climate change, despite strong opposition from Washington, Reuters...
  • The EU is said to have made a formal request to join the WTO consultations in relation to the US-China steel tariffs row. Photo: Bloomberg

    EU seeks to join US-China steel dispute at WTO

    Apr 24, 2018 9:36am
    The European Union asked on Monday to join a dispute brought by China to the World Trade Organization (WTO) over US import tariffs on steel and aluminum, Reuters reports. The Trump administration had set duties of...
  • A component failure in a limited number of MacBook Pros has caused the built-in battery to expand. Photo: Bloomberg

    Apple offers battery replacement for some MacBooks

    Apr 23, 2018 9:20am
    A component failure in a limited number of MacBook Pros has caused the built-in battery to expand, Apple Inc. said. It has offer worldwide free replacement for such batteries worldwide, Reuters reported. The flaw, reported in some...
  • Apple's 50-megawatt solar farm, east of the firm’s data center in Mesa, Arizona is pictured in this undated handout photo obtained by Reuters on Monday. Credit: Apple/Reuters

    Apple says all its facilities now powered fully by clean energy

    Apr 10, 2018 9:09am
    Apple said on Monday that it has achieved its goal of powering all of its global facilities, including data centers, offices and retail stores, with 100 percent renewable energy. The US tech giant also said nine suppliers...
  • Hong Kong tycoon Li Ka-shing waves goodbye after announcing his retirement at a news conference on Friday. Photo: Reuters

    Li Ka-shing announces retirement, will stay on as senior adviser

    Mar 16, 2018 6:03pm
    Li Ka-shing, Hong Kong’s richest man, on Friday announced that he will step down as chairman of his business empire later this year but stay on as a senior adviser. He will be succeeded by his eldest...
  • The United States already has 29 duties in place against Chinese steel products, and China’s steel exports to the US fell to just 1 percent of its total steel exports last year. Photo: Bloomberg

    World steel markets unfazed by US tariff move

    Mar 9, 2018 8:05am
    The imposition of a 25 percent US tariffs on steel imports has raised fears of a global trade war but steel producers outside North America believe they can weather the storm without too much disruption to...
  • Electrify will use new funding to expand its business, eyeing markets such as Southeast Asia, Japan and Australia. Photo: Reuters

    Singapore-based Electrify raises US$30 mln in ICO

    - Mar 8, 2018 6:17pm
    Singapore-based startup Electrify has raised US$30 million through an initial coin offering (ICO) as it seeks to expand its retail electricity marketplace business. The company, using blockchain technology, built a marketplace of retail electricity information, which...
  • Cobalt is a vital material for the lithium-ion rechargeable batteries that power Apple's mobile phones. Photo: Reuters

    Apple said to be in talks with miners to secure cobalt supplies

    Feb 22, 2018 9:01am
    Apple Inc. is talking to major cobalt producers to secure supplies of the material vital for the lithium-ion rechargeable batteries that power its mobile phones, Reuters reports, citing three cobalt industry sources. Apple declined to comment....
  • Russian magnate Oleg Deripaska is reported to be preparing to relinquish direct operational control of aluminum giant Rusal and energy firm En+. Photo: Reuters

    Russian tycoon Deripaska to quit roles at Rusal, En+: report

    Feb 20, 2018 9:32am
    Russian billionaire Oleg Deripaska plans to step down from his roles at aluminum giant Rusal and energy firm En+ Group, Reuters reports, citing sources familiar with the matter. Deripaska has decided to relinquish direct operational control...
  • A Chinese solar firm is planning to open a manufacturing facility in the US following the Trump administration's decision on tariffs on imported panels. Photo: Bloomberg

    China’s JinkoSolar announces plan to open US production facility

    Jan 30, 2018 9:26am
    Chinese solar manufacturer JinkoSolar Holding Co. has unveiled plans to open a plant in the United States, a week after US President Donald Trump imposed tariffs on imported solar panels. JinkoSolar said on Monday that its board...
  • Mohammed bin Salman, the 32-year-old Saudi Crown Prince, needs US support as he seeks to consolidate his power and push forward his economic and social vision for the country. Photo: Bloomberg

    The fall of Islamic extremism; the rise of Aramco

    - Jan 24, 2018 1:16pm
    Nobel Prize-winning economist Robert Shiller, based on his work on “Narrative Economics”, which studied the effects that narratives and stories can have on the global economy, picks Donald Trump’s election victory in the US and the...
  • Noble Group said it remains in talks with potential strategic parties and its creditors. Photo: Reuters

    Chinese group interested in buying Noble: Bloomberg

    Jan 23, 2018 9:38am
    A Chinese conglomerate has expressed interest in buying control of the troubled commodity trader Noble Group, Bloomberg reports, citing people familiar with the matter. Cedar Holdings Group, the largest private company in Guangzhou province, has reportedly...

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