Russia could change the pipeline's route to avoid obstacles
The highly controversial Nord Stream 2 gas pipeline planned to reach Germany via the North Sea may hit new obstacles, which are able to further slow down or even halt the project, news wires reported. Last Thursday, Danish parliament was to discuss a new law, which could make it possible to block pipelines that run through Danish territorial waters on security concerns. Currently, only environmental concerns are taken into account. The bill is almost sure to pass as it is backed both by the government and by the main opposition parties.
Photovoltaics across the globe increased by 50% in 2016, China leading
Renewable energy sources capacity is growing with extreme speed, with solar power leading the race, according to the International Energy Agency annual report, released last Monday. Solar capacity grew by 50% last year, with China accounting for almost half that expansion.
 
US slaps Canadian company with 300% in duties on Boeing complaint
Bombardier largest business jet made its debut last week in Las Vegas at a time of sluggish industry sales and as it fights a trade battle over a separate jet, news wires reported. The new Global 7000, the industry's largest jet designed for private or corporate use, was on display at the National Business Aviation Association's industry trade show on 10-12 October.
 
NAFTA likely to be abandoned
The US President Donald Trump said last Wednesday he was open to bilateral trade pacts with either Canada or Mexico if a substantial revision of the North Ame­rican Free Trade Agreement cannot be reached.
India woos energy giants
India's PM Narendra Modi (pictured), who is pushing for reforms in the country's energy sector, woos the world's leading energy companies. Executives from Rosneft, BP, Exxon Mobil, Reliance Industries, Saudi Aramco, Royal Dutch Shell, Vedanta, Schlumberger and Halliburton were invited last week in New Delhi for three-day India Energy Forum.
'Nudge' theorist awarded Nobel Prize in economics
American economist Richard Thaler won the 2017 Nobel Economics Prize for his contributions in the field of behavioural economics, showing how human traits affect supposedly rational markets, the Royal Swedish Academy of Sciences announced last Monday.
Rosneft inks deal with ENI in Egypt
Rosneft said last Monday it closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni.
Google launches new phones, pushes into hardware
Google unveiled last week the second generation of its Pixel smartphone along with new voice-enabled home speakers, confirming its commitment to the hardware business in order to compete with a surge of devices from Apple and Amazon.
In Brief
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Opec calls on US shale oil producers to cut supplies
 
Opec's Secretary General Mohammed Barkindo last Tuesday called on US shale oil producers to help curtail global oil supply, warning extraordinary measures might be needed next year to sustain the rebalanced market in the medium to long term. "We urge our friends in the shale basins of North America to take this shared responsibility with all seriousness it deserves, as one of the key lessons learnt from the current unique supply-driven cycle," said Barkindo in New Delhi. Opec has cut supplies this year in order to prop up prices.

Qualcomm offers concessions over $38bn NXP takeover bid
 
US smartphone chipmaker Qualcomm has offered concessions in an attempt to allay EU antitrust concerns over its $38bn bid for NXP Semiconductors, the largest ever in the semiconductor industry. The EU competition enforcer, which suspended the deadline for its decision waiting for information data from Qualcomm, said it would set a new deadline once the company has complied with its request. The Commission is concerned the combined company may use incentives to squeeze out rivals and raise prices, as well as change NXP's intellectual property licensing model.

Honeywell review opts to keep bulk of aerospace business
 
The US Honeywell International Inc unveiled a corporate makeover on 10 October that ties its growth more strongly to aerospace technology - the opposite of what activist investor Third Point Capital has urged since April. The results of the manufacturer’s portfolio review said it would spin off its home and ADI global distribution business and transportation systems into two independent, publicly-traded companies by the end of 2018. The company said the two businesses together generated annualized revenue of $7.5bn. Honeywell has a market capitalization of $109bn.

French Total places bet on offshore Guinea oil fields
 
French energy company Total said 9 October it was expecting a big oil pay off from the under-explored deep waters off the coast of the Republic of Guinea. The company signed an evaluation agreement with the National Office of Petroleum of Guinea for deep and "ultra-deep" areas off the Guinean coast. Companies like Australia's FAR Ltd. have led the early focus on the oil potential off the West African coast. When discovered in 2014, the reservoirs offshore Senegal in particular were counted among the largest in the world.

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