Nigeria's President Muhammadu Buhari on Thursday said the government was in talks with oil rebels whose attacks have hit production, as the head of the state-run energy firm laid bare damage to the sector. Buhari said in a statement that "his administration is talking to Niger delta militants through oil companies and law-enforcement agencies to find a lasting solution to insecurity in the region". The Niger Delta Avengers (NDA) group has claimed the bulk of the attacks since February, which have targeted the Nigerian National Petroleum Corporation (NNPC) as well as oil majors Shell, Chevron and Eni.
Elon Musk's latest "master plan" for Tesla Motors Inc to develop an electric commercial truck, a public bus, a pickup and systems to enable fully autonomous driving could cost $2 billion to $3 billion or more, experts and analysts said Thursday. Musk did not lay out a budget for his latest strategy, revealed on Wednesday, to expand Tesla into a broader range of vehicle markets as well as ride services and solar energy systems. The Tesla chief executive also did not explain how the company planned to pay for the new products he envisioned.
By Kathy Chen BEIJING (Reuters) - China has launched a risk alerting system to prevent further investments in wind power generation in certain locations, after large amounts of power were wasted due to inadequate power transmission infrastructure. The National Energy Administration (NEA) has given a red alert, or the highest warning, to five provinces where new construction approvals and access to grid connections will be put on hold, according to an official statement published on Thursday. Among the restricted regions are Jilin and Heilongjiang in northeast China, along with Gansu, Ningxia and Xinjiang province in western China, all with high concentration of wind farms but only limited grid connectivity.
Tesla Motors Inc Chief Executive Elon Musk Wednesday unveiled an ambitious plan to expand the company into electric semi trucks and buses, car sharing and solar energy systems. In a blog post titled "Master Plan, Part Deux," Musk sketched a vision of an integrated carbon-free energy enterprise offering a wider range of vehicles, and products and services beyond electric cars and batteries. Both Tesla and SolarCity are burning cash.
Musk told more than 4 million Twitter followers that a "post should go live on Tesla website" around 5:00 Pacific time. Earlier in the day, Musk had tweeted he was finishing work on a new plan for Tesla while listening to the soundtrack from the film version of the Great Gatsby. Musk has said in tweets and public statements that an element of his strategy will involve linking Tesla's electric vehicles to solar power products and services offered by SolarCity Corp , a solar energy company he is chairman of.
By Matthew Mpoke Bigg ABOARD PROF JOHN EVANS ATTA MILLS, Ghana (Reuters) - In the depths of Ghana's fiscal crisis in 2014 policymakers looked forward to a time when a new oil field would open to boost the economy. The drop in the crude price to under $50 a barrel reduces the short-term boost to government revenue from the offshore Tweneboa-Enyenra-Ntomme (TEN) field at a moment of triumph for Tullow and its partners, who include Ghana National Petroleum Corporation (GNPC). "There is no way that, even with the new money from TEN, revenue in 2016 will hit what it was two years ago, unless something extraordinary happens with the oil price," said Benjamin Boakye of the Africa Centre for Energy Policy.
By Valerie Volcovici and Grant Smith WASHINGTON/NEW YORK (Reuters) - Republican Donald Trump's selection of Indiana Governor Mike Pence as his running mate cheered the U.S. energy industry and dismayed green advocates, with both sides citing Pence's support for coal mining and defiance of President Barack Obama's climate-change agenda. Trump, the presumptive Republican presidential nominee, has called climate change a hoax and promised to gut U.S. environmental regulations in order to help the ailing oil and coal sectors. "Governor Pence has been a vocal opponent of the administration’s Clean Power Plan," said Laura Sheehan, spokeswoman for the Washington-based lobby group American Council on Clean Coal Electricity.
US consumer prices rose a modest 0.2 percent in June as tumbling food prices offset higher energy prices
WASHINGTON (AP) — A divided House is about to pass a $32 billion spending bill for the Interior Department and environmental regulations as Congress prepares to exit Washington for a seven-week recess, but the move seems to do little to advance GOP leaders' hopes of fixing the Capitol's shattered budget process.
The Republican Party platform that delegates to the national convention will be asked to adopt next week reads like the manifesto of a group of people who have realized they are fighting a desperate rear-guard action against societal changes that are destined to overtake them. While the party platform is a wide-ranging document that states general guiding principles for everything from education policy to the national defense, the two-day meeting of the platform committee on Monday and Tuesday was focused in large part on putting an aggressively conservative stamp on the party in the area of social policy, sexual morality, energy policy and the role of religion -- specifically, Christianity -- in public life.