Monthly Archives: January 2016

400 energy companies do not survive to cheap oil, according to BlackRock

29/01/2016 source “Economista” The sector of the oil companies retreated 3,5% this year in Europe, in a difficult conjunction for the sector. About 400 energy companies could not survive due to the fact that oil prices are not high enough to meet debts. The warning was made yesterday, at a meeting with investors, by Laurence…

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Exxon says oil and gas will still dominate energy in 2040

 27/01/2016 source “Gulf News” The way oil giant Exxon Mobil Corporation predicts that the global energy landscape won’t be radically different in 2040 than it is today. However, Exxon officials say their report is a dispassionate forecast, not a political document. In that report, Exxon forecasts that emerging renewable energies, such as solar and wind…

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World Economic Forum puts Mexico at the top of preferences for energy investments

26/01/2016 source “El Economista” “Mexico is high on the list of preferences of investors seeking opportunities in the electricity sector.” The statement is made by Roberto Bocca, Director of Energy Industries of the World Economic Forum, who ensures that “there are many countries that compete, but Mexico draws attention”. Roberto Bocca has extensive experience in…

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Morocco breaks wind energy prices

23/01/2016 source “HuffPost Marroc” Wind is cheaper in Morocco? As part of a panel discussion at the international conference on renewable energy held in Abu Dhabi on Saturday 16 January, the Secretary General of the Ministry of Energy, Abderrahim El Hafidi announced that Morocco would provide wind power with the lowest prices the world, reports…

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Petrobras lost 85,55% of its market value since 2008

21/01/2016 source “América Economia” The Brazilian state oil company Petrobras lost 85,55% of its market value since the middle of 2008 until today. According to the report of the consultancy company Economática, Petrobras – the largest company in Brazil – started to be worth 510,300 million Brazilian Reais BRL (about 126,000 million Dollars) on May…

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Meridiam launches solar project of 41 million Euros in Senegal

19/01/2016 source “Jeune Afrique” The investment company Meridiam and the Senegalese Sovereign Fund (Fonsis) have joined forces to build a 30 megawatt solar power plant in Senegal. At a cost of 27 billion CFA Francs (41.16 million Euros), its commissioning is planned for December 2016. The construction of the solar power plant Santhiou Mékhé will…

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The EIA believes that oil prices may continue to drop

19/01/2016 source “El Economista” The International Energy Agency (IEA) believes that oil prices could fall further due to excess of supply, a situation itself complicated and worsened by the production of Iranian crude oil after the lifting of sanctions and a slowdown in increased demand by the main consumers. According to IEA calculations published today…

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The Asian Infrastructure Investment Bank will grant its first loans this year

17/01/2015 source “Expansión” The Asian Investment Bank Infrastructure (BAII) will start to grant its first loans for projects in Asia before the end of this year, announced today its president, Liqun Jin. “We are consulting with our customers and other multilateral organizations and are preparing projects (…). We are planning to present the first loans…

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Global economic growth is losing push

14/01/2016 source “Prensa Latina” The growth of Gross Domestic Product (GDP) is losing push in emerging and developed economies and the stability is under threat, according to a survey made to experts from all over the world to prepare the report that will be discussed at the World Economic Forum in Davos. Other considerations refer…

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ECLAC calls to use foreign investment to revitalize economies

13/01/2015 source “SudAméricaHoy” The Economic Commission for Latin America and the Caribbean (ECLAC) highlighted the opportunity the countries of the region have to make the most of foreign investment to revitalize their economies, expanding their gross domestic product and reducing the impact on the environment. Under a forum of the Foreign Investment Committee of Chile,…

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ENI group starts operating new oil well in Angola

12/01/2016 source “MacauHub” The Italian group ENI said, in a statement released last Friday, that started to extract oil from Mpungi field in the block 15/06 in deep waters of Angola, located at 350 kilometres northwest of Luanda and 130 kilometres west of Soyo, and that intends to continue to carry out the exploration activities…

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The Itaipú hydroelectric ranks first in power generation

10/01/2016 source “Prensa Latina” The central Brazilian-Paraguayan Itaipú hydropower ranked the first in the world in 2015 in power generation, surpassing the “Three Gorges” of China. Located in a stretch of the Paraná River, which separates Brazil and Paraguay, the plant produced 89,2 million megawatt-hours (MWh), 2,5% than the plant Three Gorges, revealed the binational…

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Shell gets key support in its plan to acquire Britain’s BG Group

08/01/2016 source “America Economia” The investment adviser Institutional Shareholder Services (ISS) has recommended investors to vote in favor of the acquisition of British BG Group by Royal Dutch Shell, for the amount of 51,000 million Dollars, saying that the fall in oil markets did not draw value to the strategic benefits of the offer. This…

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CES 2016 Las Vegas

CES 2016 Las Vegas From 6 to 9 January 2016 Las Vegas, Nevada, U.S.A. CES Unveiled Las Vegas, the official media event of CES, welcomes more than 1,200 press and industry analysts who come to catch a glimpse at the latest products and technologies that will be making headlines two days before CES. More than 100 tech companies showcase the…

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Wind power in Portugal exceeds electricity consumption

  30/12/2015 source “Macau Hub” The wind power in Portugal reached last Tuesday December 29 a new peak of 4210 megawatts, having first exceeded the national electricity consumption, according to the managing company of the Portuguese electricity grid Redes Energéticas Nacionais (REN). REN also reported that the new production peak was reached at 02:15, surpassing…

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The ACS Group closes 2015 being the world’s largest infrastructure company

23/12/2015 source “OK Diario” The budgetary adjustments in the field of public works forced the Spanish infrastructure companies to go outside to look for markets in order to counter the effects caused by the national sector crisis. The geographical diversification of construction companies before the crisis allowed them to successfully avoid the storm, although it…

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