Harris' energy strategy is ambiguous from a strategic perspective, say her aides
Since Vice President Kamala Harris joined the White House race 25 days ago, she has been keeping energy executives on their toes. Was she the anti-pollution and climate change warrior Attorney General of California? Or was she the pragmatic number two in the Democratic Biden Administration that oversaw record U.S.
Turkey's Gama in Talks About Selling Energy Stake
Turkish conglomerate Gama Holding is in talks with Malaysia's Tenaga Nasional and other potential buyers about a sale of its 50.5 percent stake in its Gama Enerji energy unit, three sources said, as part of a $1 billion debt restructuring.Gama, which has businesses spanning oil…
Trump to Promote US Natgas Exports in Russia's Backyard
President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of a dozen countries that are captive to Russia for their energy needs. In recent years, Moscow has cut off gas shipments…
Pemex Seeks Refinery Investors, but Who's Buying?
Sweeping energy reforms have turned Mexico into one of the world's most attractive offshore prospects, but one segment is getting no love from U.S. investors: the nation's aging refineries. Efforts by Mexico's state-owned oil company Pemex to attract about $5 billion…
Some Companies Profit as Brazil Struggles to Secure Power
A small group of energy companies in Brazil are increasing revenues at a time when the country is grappling with its worst power crisis in more than a decade, taking advantage of sky-high prices to sell electricity in the spot market. Power generators that have managed…
Petrobras Board Member Seeks Internal Probe of Kickback Allegations
A board member of Brazil's state-run Petrobras called on Monday for an internal inquiry into allegations the oil company was involved in a vast kickback scheme with dozens of high-profile lawmakers. Silvio Sinedino, who represents Petrobras' union employees, told Reuters…
Brazil Presidential Candidate Silva Moots Price on Carbon
Brazilian presidential candidate Marina Silva plans to put a price on greenhouse gas emissions and implement a national carbon market if elected, according to policy proposals released on Friday. In the document, the coalition behind Silva's candidacy said the measures would help Brazil rein in emissions…
Ohio Governor Freezes State's Clean Energy Law
Ohio Governor John Kasich on Friday signed legislation to freeze a six-year old law that required utilities to sell increasing amounts of green energy, making the state the first in the country to roll back a clean energy mandate. Kasich, a Republican mentioned as a possible contender for the 2016 presidential race…
Brazil Senate Examining Petrobras Scandal
Brazil's Senate opened an inquiry on Wednesday into alleged corruption and mismanagement at state-run oil company Petroleo Brasileiro SA, a probe that could complicate President Dilma Rousseff's bid for reelection in October. A panel of senators will look into the costly purchase of a refinery in Pasadena…
