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Oil trades above $33 on hopes of production cuts by major shale producers

2016-01-28 01:00:00| Offshore Technology

Oil prices steadied above $33 per barrel on Thursday, with the possibility of major shale producers joining hands to reduce production.

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Former OPG scientist calls nuclear reactors "major" economic drain,...

2016-01-28 00:48:49| Energy - Topix.net

The proposed $12.8-billion refurbishment of four nuclear reactors at the Darlington generating station is an ill-advised make-work project that will end up soaking taxpayers, a retired nuclear scientist says. In a letter to Ontario's energy minister, obtained by The Canadian Press, Frank Greening warns of the formidable technical hazards he says will undermine rosy projections for the project.

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One major oil CEO thinks the industry is going to have 'a tough slog...

2016-01-26 23:18:34| Oil & Gas - Topix.net

Dave Lesar, CEO of oil services giant Halliburton, said that the road to recovery for the energy industry will be abysmal this year. As I said, 2016 is shaping up to be one tough slog through the mud and the industry is going to have to take it a quarter at a time," Lesar went on to invoke the "tough slog" phrase repeatedly throughout the conversation with analysts, painting a pessimistic picture of every corner of the oil business.

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How Major Investors Are Anticipating Risks of Climate Change

2016-01-26 00:47:00| Climate Ark Climate Change & Global Warming Newsfeed

Huffington Post: The highest town in Europe has welcomed the annual smattering of the world's political and business elite to the World Economic Forum's (WEF) yearly conference. Set to build on the Paris climate agreement finalised in December, the participants convening in Davos aim to explore how businesses and governments can work together to reach the below 2°C limit of global warming. The topic of climate change plays a prevalent role during the talks, not least thanks to the latest Global Risks report by...

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Pennsylvania's ageing Harrisburg train station to undergo major renovation

2016-01-25 01:00:00| Railway Technology

State governor Tom Wolf has revealed plans to improve the Harrisburg Transportation Center and surrounding areas in Pennsylvania, US.

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