Tuesday, January 31, 2017
INSIGHT-As oil recovers, U.S. firms descend on the Permian Basin in West Texas
regions, energy firms are making strategic but cautious bets as
the price of oil holds above $50 a barrel.
Read more
SE Asia Stocks-Cautious ahead of Fed meeting; Indonesia hits 3-wk high
Feb 1 (Reuters) - Southeast Asian stock markets were
cautious on Wednesday, with investors awaiting the outcome of
the U.S. Federal Reserve meeting, while Indonesia and Thailand
recovered from three sessions of losses backed by strong
economic data.
Indonesia stocks led gains in the region, rising
half a percent. Bank Central Asia Tbk gained 1
percent, while Bank Rakyat Indonesia (Persero) Tbk
rose 0.6 percent.
Indonesia's factory output rose for the first t
Read more
COLUMN-China iron ore imports off to strong start; support rally: Russell
fundamental justification for the strong start to 2017 for iron
ore prices, with imports by top buyer China remaining robust and
showing no signs of easing.
Read more
Standing Rock tribe says it will take legal action against Dakota pipeline decision
Tuesday it will take legal action against the U.S. Army's
decision to grant the final easement that will allow the Dakota
Access Pipeline to be completed.
Read more
Army Corps of Engineers to give easement to Dakota Access Pipeline -U.S. senator
has directed the Army Corps of Engineers to proceed with the
easement needed to complete the Dakota Access Pipeline, U.S.
Senator John Hoeven of North Dakota said in a statement on
Tuesday.
Read more
UPDATE 1-Army Corps of Engineers to give easement to Dakota Access Pipeline -U.S. senator
with the easement needed to complete the Dakota Access Pipeline,
U.S. Senator John Hoeven of North Dakota said in a statement on
Tuesday.
Read more
Oil markets range-bound as supplies remain plentiful amid OPEC-led cuts
weighed by ongoing high supplies despite an OPEC-led production
cut, but prices remained within a narrow range that has bound
the market since late January.
Read more
Australia shares rise as weaker dollar boosts miners; NZ falls
snapping two sessions of losses, as basic materials and energy
stocks gained on the back of a weakening U.S. dollar.
Read more
After slump in energy deals, hints of recovery: EY
the oil and gas sector in recent weeks has scope to accelerate
as oil prices recover, advisory company EY said in a report.
Read more
Equis Energy to invest $300 mln in two solar plants in Australia
it plans to build two solar power plants for A$400 million ($303
million) in Australia, marking the Singapore-based renewable
energy developer's first investments in the country.
Read more
Super Bowl security tight amidst tension over Trump orders
Read more
UPDATE 1-Brazil court upholds decision blocking Petrobras plan for fuels unit
rejected an appeal by state-run oil firm Petrobras and upheld a
decision blocking the company's plan to sell a stake in fuel
distribution unit BR Distribuidora, according to a court
document seen by Reuters on Tuesday.
Read more
Lured by discounts, U.S. East Coast refiners snatch up Brazilian crude
refiners are on a Brazilian crude buying spree, market sources
say, displacing West African cargoes as producers such as Royal
Dutch Shell and Norway's Statoil sell rising
output from fields off Brazil's coast.
Read more
Brazil court upholds decision blocking Petrobras plan for fuels unit
rejected an appeal by state-controlled oil firm Petrobras and
upheld a decision blocking the company's plan to sell a stake in
fuels distribution unit BR Distribuidora, according to a court
document seen by Reuters on Tuesday.
Read more
Valero says record biofuels compliance costs to continue in 2017
Tuesday signaled that record high costs to comply with the U.S.
renewable fuels program will continue this year, after the oil
refiner was hit with a ballooning tab for the program in 2016.
Read more
Lebanese president says oil production to start in 2018
production in 2018 and will deposit the resulting revenues into
a sovereign wealth fund, President Michel Aoun said on Tuesday.
Read more
UPDATE 2-Imperial Oil profit boosted by asset-sale gain
Imperial Oil Ltd reported a sharp rise in
fourth-quarter profit on Tuesday, helped by a nearly C$1 billion
gain from the sale of its service stations.
Read more
UPDATE 2-Exxon Mobil boosts capital budget by 14 pct; profit tops estimates
world's largest publicly traded oil producer, boosted its 2017
capital budget on Tuesday by about 14 percent, betting that
crude prices will continue to rise and that OPEC will
honor its production curtailment agreement.
Read more
UPDATE 1-Venezuela's Paraguana refineries at 42 pct of capacity -union official
Paraguana refining complex was operating at about 42 percent of
capacity, a union official said late on Monday, citing an
internal report that came amid chronic unit stoppages in the
country's refining system.
Read more
Oslo's trash incinerator shows promise in climate change test
shown promising results in the world's first experiment to
capture greenhouse gases from the fumes of burning rubbish as a
new way to slow climate change, officials said on Tuesday.
Read more
UPDATE 2-Iran will not use ballistic missiles to attack any country -foreign minister
(Adds further detail, more Ayrault comment)
Read more
UPDATE 1-Consol Energy plans to sell or spin-off coal business
Energy Inc broke even on an adjusted basis in the fourth
quarter, and said it planned to sell its coal business or spin
it off to shareholders.
Read more
Consol Energy posts quarterly loss; says may divest coal business
Energy Inc reported a quarterly loss and said it was
looking to sell its coal business or spin it off to
shareholders.
Read more
Valero Energy reports higher profit boosted by ethanol business
independent U.S. refiner, reported a higher quarterly profit as
lower corn and stronger ethanol prices boosted the company's
ethanol unit results.
Read more
UPDATE 2-Seadrill seeks at least $1 bln capital lifeline as debt deal delayed again
is looking to raise at least $1 billion in new capital
as talks to restructure its debt and liabilities worth $14
billion are taking longer than expected, wiping more than a
fifth off its market value.
Read more
OPEC achieves 82 pct of pledged oil output cut in January-Reuters survey
by more than 1 million barrels per day (bpd) this month, a
Reuters survey found on Tuesday, pointing to a strong start by
the exporter group in implementing its first supply cut deal in
eight years.
Read more
Water utility Severn Trent sees FY rewards beating forecast
said it expected to exceed its forecast for full-year
net customer outcome delivery incentive rewards (ODI) after
strong operational performance in the third quarter.
Read more
European prompt power prices drop on higher supply
fell sharply on Tuesday due to an increase in renewable and
nuclear supply, but positions further ahead climbed, bringing
them in line with generally bullish spot levels, traders said.
Read more
UK energy supplier SSE loses another 50,000 customers
supplier SSE continued losing customers in the third
quarter of its financial year, while still and wet weather meant
output from its renewable energy plants fell 20 percent year on
year, it said on Tuesday.
Read more
Shell to sell North Sea assets to Chrysaor for $3.8 bln
agreed to sell a package of oil and gas fields to private
equity-backed Chrysaor for $3.8 billion, giving the Anglo-Dutch
group a major boost in its drive to reduce debt following the
acquisition of BG Group.
Read more
Monday, January 30, 2017
EU set to meet green energy goal; UK trails - document
to meet its goal for renewables to supply up 20 percent of its
energy by 2020, the EU executive said in a report seen by
Reuters, although Britain, Ireland and Luxembourg are lagging
behind.
Read more
Clean-up begins at Dakota pipeline protest camp
machinery rolled into the protest camp near the site of the
Dakota Access Pipeline on Monday, and crews began filling large
dumpsters with garbage that has accumulated, much of it now
buried under snow.
Read more
Oil prices down 5 percent in January as rising U.S. output offsets OPEC-led cuts
around 5 percent from their early January peak as rising U.S.
drilling activity offset efforts by OPEC and other producers to
cut output in an effort to prop up the market.
Read more
UPDATE 1-Trial opens for activist charged in pipeline disruption
on Monday in the first trial over a coordinated protest that
disrupted the flow of millions of barrels of crude oil into the
United States, a proceeding activists hope will serve as a
referendum on climate change.
Read more
UPDATE 2-U.S. lawmakers move to scrap SEC's 'resource extraction' rule
unveiled legislative plans on Monday to scrap a rule devised
under the 2010 Dodd-Frank financial reform law requiring
publicly-traded mining, oil and gas companies to disclose
payments they make to foreign governments.
Read more
RPT-UPDATE 2-U.S. lawmakers move to scrap SEC's 'resource extraction' rule
unveiled legislative plans on Monday to scrap a rule devised
under the 2010 Dodd-Frank financial reform law requiring
publicly-traded mining, oil and gas companies to disclose
payments they make to foreign governments.
Read more
Strike cuts French electricity production by nearly 4 GW
sector workers in France has cut nuclear and hydro power
production by nearly 4 gigawatt, French grid operator RTE and
utility EDF said on Monday.
Read more
Origin Energy gas production revenue jumps 27 pct in Dec quarter
Australia's top energy retailer, reported a 27 percent rise in
gas revenue in the December quarter on the previous quarter,
thanks to higher prices and the ramp-up of output at the
Australia Pacific liquefied natural gas project (APLNG).
Read more
Venezuela's Maduro seen bolstering grip on PDVSA after shake-up
line-up includes a Venezuelan navy rear-admiral, Hugo Chavez's
former Twitter manager and a leader of the late leftist
president's failed 1992 coup.
Read more
UPDATE 1- Republicans take first steps to kill five Obama-era regulations
began the process of killing five Obama-era rules on corruption,
the environment, labor and guns under the first real test of the
Congressional Review Act, a law intended to keep regulation in
check.
Read more
France, worried by Trump, promises to be defender of Iran nuclear deal
defender of Iran's nuclear deal, which U.S. President Donald
Trump has threatened to tear up, but said it was imperative
Tehran abide strictly by the conditions of the accord.
Read more
UPDATE 2-Ex-tycoon Batista jailed in graft probe on return to Brazil
Brazil's richest man and most flamboyant national booster, was
detained by federal police on Monday on allegations of bribing a
former governor, putting an end to his brief stint as an
international fugitive.
Read more
European shares slip on weaker commodities, M&A optimism limits losses
(ADVISORY- Follow European and UK stock markets in real time on
the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
Adds details, updates prices)
Read more
US natgas pipelines seek prompt FERC decisions to avoid potential delay
Energy Regulatory Commission last week prompted several energy
firms to request the agency make decisions this week on proposed
natural gas pipelines to avoid potential construction delays.
Read more
COLUMN-Hedge funds prepare for possible border tax adjustment on U.S. oil imports: Kemp
positioning for the possible imposition of a border tax
adjustment on imports of crude oil into the United States.
Read more
Sweden drops objections to port striking Nord Stream deal
dropped its objections to a plan by Russia's Gazprom
to use the port of Karlshamn in southern Sweden as a base for
the construction of its Nord Stream 2 gas pipeline, Swedish
public radio reported on Monday.
Read more
UPDATE 1-U.S. will change course on climate policy, Trump official says
course on climate change and pull out of a global pact to cut
emissions, said Myron Ebell, who headed U.S. President Donald
Trump's Environmental Protection Agency (EPA) transition team
until his inauguration.
Read more
RPT-UPDATE 1-Pertamina to go solo on Balongan refinery
Pertamina will proceed with an upgrade of its Balongan refinery
without a partner, company officials said on Monday
Read more
Gas tanker collides with Indian ship off Chennai's coast, no injuries
shipping company BW LPG has collided with an Indian
ship off the coast of Chennai in India, a BW LPG executive said
on Monday.
Read more
UPDATE 3-As price war rages, Vodafone India seeks merger with rival Idea Cellular
(Updates with analyst quote, share prices details, background)
Read more
RPT-Energy pipelines back in investor favor after Trump orders
North American pipelines after U.S. President Donald Trump
revived growth prospects in a sector that struggled to cope with
a two-year oil price slump and strident opposition from
environmental and Native American activists.
Read more
Chevron says to give CEO fewer stock options
said it would give its top executive fewer stock options
after shareholders expressed concern about executive pay.
Read more
COLUMN-India cedes top coal importer spot back to China as growth trend stalls: Russell
surrendered its status as the world's top importer of coal back
to China, with its overseas purchases in 2016 falling to less
than 200 million tonnes.
Read more
Sulphur-rich crudes, usually discounted, shine after OPEC cuts
surplus of crude oil have thus far only moderately balanced the
market - but have turned typically lower-quality crude into the
most sought after barrels.
Read more
Sunday, January 29, 2017
Trump travel ban stirs faint corporate outcry beyond Silicon Valley
NEW YORK/BOSTON, Jan 30 (Reuters) - Most U.S. corporate
bosses have stayed silent on President Donald Trump's
immigration curbs, underscoring the sensitivities around
opposing policies that could provoke a backlash from the White
House.
While the leaders of Apple Inc, Google
and Facebook Inc emailed their staff to denounce the
suspension of the U.S. refugee program and the halting of
arrivals from seven Muslim-majority countries, many of their
co
Read more
UPDATE 1-Brazil's Batista headed back to Rio to face charges on Monday
Batista, once Brazil's richest man, is scheduled to arrive in
Rio de Janeiro early on Monday, where he is wanted by police in
connection with charges including an alleged bribe of about $16
million to a former governor.
Read more
Brazil's Batista expected back in Brazil to face charges on Monday
Batista, once Brazil's richest man, is expected to arrive in Rio
de Janeiro on Monday, where he is wanted by police in connection
with charges including an alleged bribe of about $16 million to
a former governor.
Read more
In call, Trump, Saudi king pledge to step up counter-terrorism push-source
Saudi King Salman spoke for over an hour by telephone on Sunday,
agreeing to step up counter-terrorism and military cooperation
and enhance economic relations, a senior Saudi source said.
Read more
RPT-COLUMN-Hedge funds load up on oil calendar spread options to bet on rebalancing: Kemp
that crude oil markets will move into a supply deficit and start
to draw down excess stockpiles in 2017.
Read more
Venezuela names new leaders at oil firm PDVSA to 'defeat corruption'
created an executive vice president post and named new vice
presidents to lead PDVSA in what he described as a shake-up of
the state oil company and an effort to root out corruption in
the OPEC nation's principal industry.
Read more
Sudan summons U.S. charge d'affaires over Trump immigration order
d'affaires on Sunday to complain about an order by President
Donald Trump that temporarily bans the entry of its citizens to
the United States.
Read more
Brazil development bank loses vote on oil, gas industry committee
development bank in a statement on Sunday said it would no
longer vote on a government committee established to ensure
local content in contracts for oil and gas.
Read more
Airlines at Beirut implement measures in line with Trump travel ban - airport sources
Rafic Hariri International Airport have begun implementing
measures in compliance with U.S. President Donald Trump's travel
ban on refugees and nationals of seven Muslim-majority
countries, airport sources said on Sunday.
Read more
Iraq parliament panel asks government to 'reciprocate' to U.S. travel curbs
on Sunday said the U.S. travel curbs imposed on Iraqis were
"unfair," and asked the government in Baghdad to "reciprocate"
to the American decision.
Read more
Trump to speak to Saudi, UAE, Korean leaders Sunday -White House
will speak to the leaders of Saudi Arabia, the United Arab
Emirates and South Korea in separate calls on Sunday, the White
House said in a statement.
(Reporting by Jeff Mason and Roberta Rampton; Editing by Bill
Rigby)
Read more
Saturday, January 28, 2017
Trump puts five-year lobbying ban on his political appointees
Saturday put restrictions on the kind of lucrative lobbying gigs
his White House aides and other administration officials can
accept after they leave government.
Read more
UPDATE 1-Iran says to ban U.S. visitors in retaliation to Trump move
stop U.S. citizens entering the country in retaliation to
Washington's visa ban against Tehran and six other
majority-Muslim countries announced by new U.S. President Donald
Trump.
Read more
Trump, Putin discuss working together on Syria, Islamic State -White House
Russian President Vladimir Putin talked about how they could
work together on fighting Islamic State and achieving peace in
Syria, the White House said on Saturday.
Read more
Iran vows reciprocal steps in retaliation for US visa ban
U.S. visa ban against Tehran and six other majority-Muslim
countries as an "open affront against the Muslim world and the
Iranian nation" and vowed to retaliate.
Read more
HIGHLIGHTS-The Trump presidency on Jan 27 at 6:11 P.M. EST/2311 GMT
Donald Trump's administration on Friday:
Read more
Sudan calls Trump ban unfortunate in light of sanctions progress
Trump's decision to ban entry of its citizens "very unfortunate"
in light of "historic steps" taken just weeks earlier to lift
sanctions for cooperation on combating terrorism, its foreign
ministry said on Saturday.
Read more
UPDATE 1-U.S. natgas pipeline companies seek FERC decisions before Bay leaves
on Friday asked the U.S. Federal Energy Regulatory Commission
(FERC) for permission to move forward on their projects by Feb.
3, which is when one of the FERC commissioners will step down.
Read more
Energy pipelines back in investor favor after Trump orders
North American pipelines after U.S. President Donald Trump
revived growth prospects in a sector that struggled to cope with
a two-year oil price slump and strident opposition from
environmental and Native American activists.
Read more
Friday, January 27, 2017
Mexico, U.S. agree not to talk publicly about wall payment
Pena Nieto and his U.S. counterpart Donald Trump on Friday
agreed not to talk publicly for now about payment of the wall
the American wants to build on the United States' southern
border and that he says Mexico should finance.
Read more
Nexus seeks natgas pipeline decision before Bay leaves U.S. FERC
asked the U.S. Federal Energy Regulatory Commission (FERC) to
grant the company's certificate to build a natural gas pipeline
by Feb. 3 before one of the FERC commissioners steps down.
Read more
(EN) SteamBroker
What is "SteamBroker"?
SteamBroker service provides marketplace to trade items from digital distribution platform Steam™. Using our marketplace you can buy goods from other users or sell any items from your inventory yourself, which can be exchanged with Steam™ trade offers. For example, items from such games as Dota 2™, Counter Strike: Global Offensive™ (CS:GO), Team Fortress™, Unturned™ and so on. Also it's possible to buy and sell Steam Trading Cards and any games, presented as a Steam gifts if you already can exchange it. You will pay a price set by other users for it, so will guarantee you lowest possible prices. You can even get discounts in case of constant use of our service.
SteamBroker guarantees the absolute security for all deals. All items will be exchanged through our service Steam accounts, these accounts will be your automatic MiddleMan and will guarantee an accuracy of transferring the items to the buyer and money paid to seller.
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SteamBroker
Что такое "SteamBroker"?
Сервис SteamBroker предоставляет площадку для торговли вещами из сервиса цифровой дистрибуции Steam. На нашей площадке вы можете купить у других пользователей или продать сами любые предметы из Вашего инвентаря, которые возможно передать через торговое предложение Steam. Например, вещи из таких игр как Dota™ 2, Counter Strike: Global Offensive™ (CS:GO), Team Fortress™ 2, H1Z1 и прочих. А так же возможна продажа коллекционных карточек Steam и даже игр, в виде подарков в инвентаре, которые так же возможно передавать. Вы можете купить вещи за ту цену, которую указывают другие пользователи, что гарантирует отличные цены без лишних наценок.
Так же Вы можете использовать наш сайт как магазин для своих предметов. Вы получите персональную ссылку которая будет отображать только Ваши предметы.
Наш сервис гарантирует абсолютную безопасность всех сделок. Товары передаются через наши сервисные аккаунты Steam, которые выступают в качестве гаранта и контролируют точность получения вещей покупателем и выплату денег продавцу.
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(EN) Steam-Trader
Steam-trader.com - Trade platform Dota2, CS:GO, TF2, Gifts.
It is a unique traiding platform, allowing you to buy and sell cosmetic items of Dota 2, CS:GO, Team Fortress2 or Games (Gifts) for real money, at the best prices! Trading platform consists of four sections, which are interlinked by a shared wallet that will allow you to sell things in one section and buy them in another. Deposit and withdrawal funds available with the help of multiple payment systems. Earn - resting! Successful auction!
Go to Steam-trader
Steam-Trader
Steam-trader - Торговая площадка Dota2, CS:GO, TF2, Gifts.
Это уникальная торговая площадка, позволяющая покупать и продавать Игры или Гифты (Gift) Steam, а так же вещи Dota 2, CS:GO, Team Fortress2 за реальные деньги, без комиссии! Торговая площадка состоит из четырех разделов, которые связанны между собой общим кошельком, что позволит вам продавать вещи в одном разделе и покупать их в другом. Пополнение счета и вывод средств доступно при помощи множества платежных систем.
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French foreign minister heads to Iran amid Trump uncertainty
to Iran on Monday, seeking to reaffirm Europe's commitment to
the nuclear deal that U.S. President Donald Trump has threatened
to annul.
Read more
Mexico, U.S. agree not to talk publicly about wall payment
Pena Nieto and his U.S. counterpart Donald Trump on Friday
agreed not to talk publicly for now about payment of the wall
the American wants to build on the United States' southern
border and that he says Mexico should finance.
Read more
UPDATE 2-Review of Canada Energy East pipeline to restart from beginning
TransCanada Corp's proposed Energy East pipeline will
start again from the beginning, Canada's energy regulator said
on Friday, a move that could delay the project by several years.
Read more
UPDATE 1-Greek bond yields leap, stocks tumble after no progress in bailout talks
and stocks tumbled on Friday, a day after euro zone finance
ministers acknowledged Athens' fiscal progress but failed to
break an impasse with the IMF over future bailout targets.
Read more
OPEC January oil output shows high compliance with supply cut deal -Petro-Logistics
900,000 barrels per day (bpd) this month, a company that tracks
OPEC supply said on Friday, pointing to a strong start by the
exporter group in implementing a supply cut deal.
Read more
Algeria top gas supplier to Spain in 2016, eyes more EU exports
exports of natural gas in 2017 as it looks to build on its top
spot in sales to Spain last year and strong sales to Italy and
Portugal, a source at state energy firm Sonatrach said.
Read more
COLUMN-Hedge funds load up on oil calendar spread options to bet on rebalancing: Kemp
that crude oil markets will move into a supply deficit and start
to draw down excess stockpiles in 2017.
Read more
Greek bond yields leap, stocks tumble after zero progress in bailout talks
and stocks tumbled on Friday, a day after euro zone finance
ministers acknowledged the country's fiscal progress but failed
to break an impasse with the International Monetary Fund over
its future bailout targets.
Read more
Saudi Aramco's oil reserves confirmed by external audit -sources
first independent audit of Saudi Aramco's oil
reserves has confirmed the state oil company's own figures,
sources familiar with the situation said, ahead of its planned
share market listing next year.
Read more
UPDATE 1-Honeywell revenue stays flat on weak aerospace, energy sales
International Inc posted fourth-quarter revenue that was
roughly flat compared with a year earlier, while analysts were
expecting an increase, hurt by weakness in its aerospace and
energy businesses.
Read more
CORRECTED-UPDATE 1-Lebanon relaunches first oil and gas licensing round
and gas exploration and production licensing round after a
three-year delay, its energy minister said on Thursday,
kick-starting the development of a hydrocarbon industry stalled
by national political paralysis.
Read more
Bosch posts slide in 2016 profits on investments in e-mobility
reported a slide in profits for 2016 as it invested in
the development of products for connected and electric vehicles.
Read more
Thursday, January 26, 2017
INSIGHT-Red tape chokes off drilling on Native American reservations
U.S. oil boom hit North Dakota a decade ago, wells sprang up
quickly on the edges of the Fort Berthold Indian Reservation, an
expanse of prairie and rolling hills three times larger than Los
Angeles.
Read more
UPDATE 2-Oil prices dip as rising U.S. output offsets OPEC-led cuts
(Adds comment, start to Lunar New Year, updates prices)
Read more
Native American tribes decry state taxation of reservation energy projects
tribes renew their push for more control over the natural
resources on their lands, they will also urge Congress and
President Donald Trump to prohibit state taxation of energy and
resource development on reservations.
Read more
Oil prices dip as rising U.S. output offsets OPEC-led cuts
with rising crude output from the United States offsetting
efforts by OPEC and other producers to cut supplies to prop up
the market.
Read more
RPT-COLUMN-U.S. gasoline stock build weighs on prices and margins: Kemp
faster than normal for the time of year and are starting to put
pressure on prices and refining margins.
Read more
UPDATE 2-Peabody gets U.S. court approval to pursue reorganization
, the world's largest private-sector coal miner, can
begin seeking creditor votes for a plan to cut $5 billion of
debt and exit its Chapter 11 bankruptcy, a U.S. bankruptcy judge
said on Thursday.
Read more
Small hole caused Canadian oil pipeline spill -officials
segments of a shallow four-inch pipe has been discovered on a
pipeline that leaked some 200,000 liters (52,834 gallons) of oil
onto aboriginal land in Saskatchewan last week, provincial
officials said on Thursday.
Read more
Brazil's Petrobras reduces diesel and gasoline prices at refineries
Petroleo Brasileiro SA announced on Thursday it is reducing
diesel and gasoline prices at refineries, reflecting the fall in
international petroleum products prices and the appreciation of
the local currency against the dollar.
Read more
TransCanada re-submits application for Keystone XL pipeline
Thursday it submitted a presidential permit application to the
U.S. Department of State for the approval of the Keystone XL
pipeline.
Read more
U.S. judge approves Braskem $633 mln fine in record corruption case
sentenced the Brazilian petrochemical company Braskem SA
to pay a $632.6 million criminal fine, in connection
with a corruption case that led to the largest foreign bribery
settlement in U.S. history.
Read more
UPDATE 2-Nigeria court orders temporary forfeiture of Shell, Eni oilfield in corruption probe
temporary forfeiture of assets and the transfer of operations of
a long-disputed oilfield owned by Shell and Eni
, among others, to the federal government, court papers
showed.
Read more
UPDATE 3-Caterpillar sees '17 profit below expectations as restructuring continues
world's largest construction and equipment maker, forecast 2017
profit sharply below analysts' estimates, hurt by sluggish
demand in the construction and energy industries.
Read more
Nigeria court orders temporary transfer of Shell, Eni oilfield
temporary forfeiture of assets and the transfer of operations of
a long-disputed oilfield owned by Shell and Eni
, among others, to the federal government, court papers
released on Thursday showed.
Read more
UPDATE 1-Magellan Midstream says Iowa pipeline still shut after diesel spill
said on Thursday its refined products pipeline in Worth County,
Iowa, remained shut after spilling about 3,300 barrels of
diesel.
Read more
UPDATE 1-EU countries oppose duty extension on Chinese solar panels - sources
(Adds details on duties, background to dispute)
Read more
COLUMN-U.S. gasoline stock build weighs on prices and margins: Kemp
faster than normal for the time of year and are starting to put
pressure on prices and refining margins.
Read more
Saudi Aramco selects U.S. firms to audit its reserves for IPO - sources
oil giant Saudi Aramco has tasked two U.S.
industry leaders in oil reserves auditing to review the content
of its deposits as it pushes ahead with a share listing next
year, industry sources said on Thursday.
Read more
UPDATE 1-Malaysia's Petronas says RAPID project on track for 2019 start-up
Petroliam Nasional Berhad said on Thursday its new $27
billion refining and petrochemical complex project in the
southeast Asian country is on track for start-up in 2019.
Read more
UPDATE 1-Court rules villagers cannot sue Shell in London over Nigerian oil spill
cannot be sued in London courts over Nigerian oil spill
allegations, the High Court ruled on Thursday, dealing a setback
to attempts to hold multinationals liable at home for
subsidiaries' activities.
Read more
CORRECTED-UPDATE 1-Caterpillar forecasts much lower-than-expected 2017 profit
largest construction and equipment maker, forecast 2017 profit
sharply below analysts' estimates, hurt by sluggish demand in
the construction and energy industries.
Read more
UPDATE 1-Baker Hughes expects North America onshore revenue to rise
Inc said it expected revenue from its onshore business
in North America to increase in the first half of the year as
customers ramp up drilling activity and pricing improves.
Read more
UPDATE 1-Brazil police raids former billionaire Batista's home in probe
prosecutors on Thursday issued a detention order against former
billionaire Eike Batista and eight others amid a series of raids
and searches related to the country's worst bribery and graft
probe.
Read more
Qatar investment in Russia to bolster OPEC, non-OPEC ties - Barkindo
will further strengthen ties between the Organization of the
Petroleum Exporting Countries and non-member oil producers, OPEC
Secretary-General Mohammed Barkindo told Reuters.
Read more
UK's Kier says half-year underlying organic growth stays strong
company Kier Group said it had continued to experience
good underlying organic growth over the last six months of 2016.
Read more
UPDATE 1-Unipetrol profits jump after cracker restarted, impairment reversed
fourth-quarter net profit jumped to 4.17 billion
crowns ($166.15 million) after the restart of some facilities
and the reversal of an impairment allowance, the company said on
Thursday.
Read more
Wednesday, January 25, 2017
UPDATE 1-OPEC cuts will not impact Saudi oil supply to Japan -Saudi official
-report
(Adds report on king's visit)
Read more
OPEC cuts will not impact Saudi oil supply to Japan -Saudi official
and non-OPEC countries to cut output will not impact Saudi
Arabia's oil supplies to Japan, Aabed Al-Saadoun, deputy
minister for company affairs at Saudi Arabia's Ministry of
Energy, Industry and Mineral Resources, said on Thursday.
Read more
TransCanada to find out if shippers still behind Keystone XL -report
does not know definitively if shippers are still behind
the recently revived Keystone XL pipeline project and will be
reaching out to them to find out, chief executive Russ Girling
said on Wednesday, according to the Canadian Press.
Read more
UPDATE 1-TransCanada to find out if shippers still behind Keystone XL
Corp does not know definitively if shippers are still
behind the recently revived Keystone XL pipeline project and
will be reaching out to them to find out, chief executive Russ
Girling said on Wednesday.
Read more
UPDATE 1-China's 2016 industrial profits rise most in 3 years on commodities recovery
firms rose 8.5 percent in 2016, the most in three years, as a
construction boom fueled a months-long rally in prices of
building materials from steel to cement, giving companies more
flexibility to start chipping away at a mountain of debt.
Read more
UPDATE 1-Magellan Midstream shuts Iowa pipeline after 3,300-bbls diesel spill
on Wednesday it shut its pipeline in Worth County, Iowa, after
spilling about 3,300 barrels of diesel fuel earlier in the day.
Read more
UPDATE 1-CSX shareholder backs Harrison for CEO as activist swoops in
from an influential shareholder has thrown her support behind a
plan to put railroad industry veteran Hunter Harrison into CSX
Corp's CEO chair with the help of an activist investor.
Read more
UPDATE 2-Canada oil spill on native land came from Tundra Energy pipeline
Wednesday confirmed its pipeline was the source of a leak of
some 200,000 liters (52,830 gallons) of crude oil onto
aboriginal land in Saskatchewan that was discovered by a member
of the community last week.
Read more
Plans to remove nuclear fuel at Fukushima delayed again - Nikkei
Tokyo Electric Power Co Holdings Inc's Fukushima
Daiichi nuclear plant hit by the March 2011 tsunami has been
postponed again due to delays in preparation, the Nikkei
business daily reported on Thursday.
Read more
Tundra confirms source of Canadian oil spill onto native land
Wednesday confirmed its pipeline as the source of leak of some
200,000 liters of crude oil onto aboriginal land in
Saskatchewan, the company's president said on Wednesday.
Read more
UPDATE 1-Brazil yellow fever outbreak kills 40
Brazil are working to stop an outbreak of yellow fever that has
killed at least 40 people from becoming an epidemic and urged
people in nine states on Thursday to seek vaccinations.
Read more
UPDATE 2-Shares of materials companies up on Trump wall, pipeline plans
companies that could benefit from U.S. President Trump's plans
to push ahead with a border wall with Mexico and his approval of
key energy pipeline expansion projects.
Read more
UPDATE 1-U.S. EPA spokesman says website review underway -media report
Donald Trump's administration are currently reviewing the
content of the U.S. Environmental Protection Agency's website,
but have no immediate plans to remove the website content on
climate change, The Hill quoted an EPA spokesman as saying on
Wednesday.
Read more
Buffett's BNSF cuts ethanol shipper costs amid push for safer train cars
offering discounts to ethanol shippers this April if they agree
to use new, safer train cars, as it pushes to scrub
puncture-prone ones from its rail lines at a faster pace than
required by U.S. regulations.
Read more
UPDATE 1-Kuwait minister calls for dialogue between Iran, Gulf states in rare visit
rare visit to Tehran on Wednesday and called for frank dialogue
between Iran and its regional neighbours, the Islamic Republic
News Agency (IRNA) reported.
Read more
Republicans to kill U.S. rules on corruption, environment, labor and guns next week
set to overturn a slew of Obama-era regulations next week,
including a controversial anti-bribery rule aimed at U.S.
resource companies such as Exxon Mobil Corp and Chevron
Corp, according to a top lawmaker.
Read more
HIGHLIGHTS-The Trump presidency on Jan. 25
is expected to address two major themes of his campaign -
limiting refugees entering the country and a wall on the Mexican
border.
Read more
Trump administration likely to review EPA scientists' work - NPR
Environmental Protection Agency staff will likely face a
case-by-case review by the Trump administration before being
released, a spokesman for President Donald Trump's transition
team told NPR in an interview published on Wednesday.
Read more
Kuwait minister calls for dialogue between Iran, Gulf states in rare visit to Tehran
rare visit to Tehran on Wednesday and called for frank dialogue
between Iran and its regional neighbours, the Islamic Republic
News Agency (IRNA) reported.
Read more
France agrees second power link with UK, despite Brexit
CRE has approved a planned second power link between France and
the United Kingdom after consulting stakeholders, saying the
project was still viable and needed despite Britain's decision
to leave the EU.
Read more
UPDATE 1-U.S. gasoline stockpiles build for fourth week on weak demand
the United States for the fourth straight week amid
weaker-than-usual demand, while crude oil stocks were also
higher, the Energy Information Administration said on Wednesday.
Read more
UPDATE 2-Oil producer Hess posts smaller-than-expected loss
posted a smaller-than-expected quarterly loss on Wednesday,
helped by cost cuts, and executives forecast a rebound in
activity this year as crude prices edge higher.
Read more
Algerian firm signs $300 mln farming deal with U.S. group
deal with a U.S. group to set up agricultural projects worth
$300 million in the North African country as it seeks to reduce
dependence on imports, Algeria's agriculture ministry said on
Wednesday.
Read more
UPDATE 1-Freeport-McMoRan profit falls short but gold sales seen doubling
reported a lower-than-expected profit on Wednesday but said it
would double gold sales to 2.2 million ounces this year, while
selling less copper.
Read more
UK PM May says hopes all parties stick to Paris climate agreement
May said on Wednesday she hoped all countries involved in the
Paris Climate Agreement would ensure it is implemented.
Read more
Freeport-McMoran reports quarterly profit vs. year-earlier loss
Inc reported a fourth-quarter profit, compared with a
year-ago loss, when it recorded $4.1 billion in one-time
charges.
Read more
UPDATE 2-Saudi Aramco shelves plan for joint venture with Malaysia's Petronas -sources
shelved plans for a partnership with Malaysian state-oil firm
Petroliam Nasional Berhad in a $27 billion refining
and petrochemical project in the southeast Asian country,
industry sources familiar with the matter told Reuters on
Wednesday.
Read more
COLUMN-Trump probably can't require pipelines to use U.S. steel: Kemp
invited the promoter of the Keystone XL pipeline to re-submit
its application for a permit and promised an expeditious review.
Read more
Saudi Aramco shelves plans for venture with Malaysia's Petronas -sources
has shelved plans for a multi-billion-dollar
refining and petrochemical joint venture with Malaysia's
Petronas, industry sources familiar with the matter
told Reuters on Wednesday.
Read more
South Africa's Kumba Iron Ore profit forecast lifts shares
which Anglo American has put up for sale, said
on Wednesday its profit more than doubled for the year, setting
it up to outstrip forecasts when it reports earnings next month.
Read more
GE proposes investing in Nigeria's ailing oil refineries
proposed investing in Nigeria's oil refineries, potentially
convening a consortium of companies to improve capacity at the
run-down facilities.
Read more
Tuesday, January 24, 2017
FEATURE-Home-grown Kenyan solar farm powers computers - and protects girls
When the first few residents of this village in the Ngong hills
installed solar panels, nearly a decade ago, the only aim was to
power their own homes, as their town had no connection to the
national power grid.
Read more
Gas usage hits record highs in Tokyo, Osaka as cold bites Japan
biggest importer of the fuel in liquid form, this week hit daily
records in the cities of Tokyo and Osaka, with residents
cranking up heating as a cold snap grips the country.
Read more
Trump administration tells EPA to cut climate page from website -sources
administration has instructed the Environmental Protection
Agency to remove the climate change page from its website, two
agency employees told Reuters, the latest move by the newly
minted leadership to erase ex-President Barack Obama's climate
change initiatives.
Read more
UPDATE 5-Trump administration seeks to muzzle U.S. agency employees
Trump's administration has moved in the past week to curb the
flow of information from several government agencies involved in
environmental issues in actions that may have been designed to
discourage dissenting views.
Read more
RPT-COLUMN-Shale revival looms over oil prices and spreads: Kemp
has predicted production cuts by OPEC and non-OPEC countries
will reduce global oil inventories by 300 million barrels by the
middle of 2017.
Read more
UPDATE 2-Workers at Chile's Escondida reject wage offer, strike looms
(Adds BHP comment, Escondida operations details)
Read more
Oil eases after 4-day gain, U.S. inventories weigh
snapping four sessions of gains as an increase in U.S.
inventories weighed on the market, offsetting bullish momentum
from production cuts announced by OPEC and other producers.
Read more
CANADA STOCKS-TSX nears record high as Trump smoothes path for Keystone XL
within reach of its all-time high on Tuesday as base metal and
oil prices rose and U.S. President Donald Trump smoothed the
path for TransCanada Corp's Keystone XL pipeline.
Read more
UPDATE 1-Shell, Phillips 66 buy 6.4 mln bbls of oil from U.S. emergency reserve
and Phillips 66 together bought 6.4 million barrels of
oil last week from the Strategic Petroleum Reserve (SPR),
according to a Department of Energy document released on
Tuesday.
Read more
Brazil's Petrobras says investors are suing its subsidiaries in Netherlands
company, Petroleo Brasileiro SA, said on Tuesday in a
securities filing that a group of investors is suing two of its
subsidiaries in a court in the Netherlands.
Read more
UPDATE 1-In Trump freeze, U.S. agencies delay rules affecting farm towns
Protection Agency will delay implementation of the Renewable
Fuels Standard and the Agriculture Department will pause rules
affecting livestock as part of a freeze on regulations imposed
by President Donald Trump's administration, trade groups said on
Tuesday.
Read more
Shell, Phillips 66 buy oil from U.S. emergency reserve
and Phillips 66 bought more than 6 million barrels of
oil last week from the Strategic Petroleum Reserve, according to
a Department of Energy document released on Tuesday.
Read more
Renewable fuels group sees no big change to blending rules under Trump
said on Tuesday it does not expect a procedural delay to the
implementation of the Environmental Protection Agency's
Renewable Fuels Standard to lead to any significant change to
the rule itself.
Read more
Crews seek source of Saskatchewan oil spill on aboriginal land
aboriginal reserve in western Canada continued on Tuesday as
crews prepared to excavate the site to determine the source of
the leak, the provincial government said.
Read more
UPDATE 1-PM Abadi says Iraq's oil is for Iraqis, in reaction to Trump
Iraqis, Prime Minister Haider al-Abadi said on Tuesday, in
reaction to U.S. President Donald Trump who argued that the
United States should have taken possession of the nation's crude
reserves.
Read more
Standing Rock Sioux tribe opposes Trump order on Dakota pipeline -statement
statement on Tuesday said it opposed U.S. President Donald
Trump's executive order that would allow the Dakota Access
Pipeline to move forward.
Read more
CANADA STOCKS-TSX rises as Keystone owner leads energy gains
on Tuesday as energy stocks broadly gained with higher oil
prices and as TransCanada Corp got a boost from signs
its Keystone XL pipeline could yet move forward.
Read more
UPDATE 1-France, Saudi hope Syria talks lead to Geneva resumption
backers of Syrian rebels, said on Tuesday they hoped Syrian
truce talks in Astana would lead to a resumption of U.N.-led
peace efforts in Geneva and more aid to civilians suffering from
five years of war.
Read more
UPDATE 1-Trump to advance Keystone, Dakota Access pipelines -administration official
plans to sign two executive actions on Tuesday to advance
construction of the Keystone XL and Dakota Access pipelines, an
administration official told Reuters.
Read more
HIGHLIGHTS-The Trump presidency on Jan. 24
to push his corporate agenda. Highlights of the day follow:
Read more
Unfazed by Trump, Innogy sticks with U.S. wind expansion plans
largest energy group, sees no reason to scrap plans to enter the
U.S. onshore wind market, its chief executive said, unimpressed
by worries over future support of renewables in the wake of
Donald Trump's presidency.
Read more
COLUMN-Shale revival looms over oil prices and spreads: Kemp
has predicted production cuts by OPEC and non-OPEC countries
will reduce global oil inventories by 300 million barrels by the
middle of 2017.
Read more
In message to Trump, EU says will remain top investor against climate change
the EU's lending institution, will maintain a target of
investing around 20 billion dollars a year to fight climate
change over the next five years, it said on Tuesday, sending a
warning to climate sceptics.
Read more
UK offshore wind costs fall nearly a third in four years - report
from wind farms off the coast of Britain has fallen 32 percent
in the past four years, meeting a government target four years
early, an industry report released on Tuesday said.
Read more
UPDATE 5-Oil steady on OPEC cuts, U.S. output recovery
(Updates detail and updates prices, paragraphs 1-2)
Read more
UPDATE 1-Rio Tinto sells coal assets to China's Yancoal for up to $2.45 bln
regulators
(Adds quotes, divestment program)
Read more
China safety agency says 'illegal' output led to fatalities at state coal mine
Work Safety said on Tuesday that "illegal" ramped-up output and
poor maintenance at a state-owned coal mine in Shanxi province
led to an accident that killed 10 workers last week.
Read more
Monday, January 23, 2017
UPDATE 1-New Australian body fuels concerns DUET deal could be blocked
(Recasts, adds analyst and fund manager comments)
Read more
Senate energy panel delays Tuesday votes on Perry and Zinke
said late Monday it had delayed "until further notice" a meeting
on Tuesday in which the panel had been slated to vote on
President Donald Trump's nominee for secretary of the interior,
Rep. Ryan Zinke, and his pick for secretary of energy, Rick
Perry.
Read more
Australia shares higher on metal prices; NZ falls
by materials, as a weaker U.S. dollar boosted copper and gold
prices.
Read more
DUET Group shares fall amid concerns Australia will block CKI's bid
fallen by 5.5 percent over the last week amid growing market
concerns the Australian government will block or impose
restrictive conditions on Hong Kong's Cheung Kong Infrastructure
Holdings' (CKI) $5.5 billion takeover offer for the
utilities group.
Read more
RPT-COLUMN-U.S. shale oil and gas sector surges back to life: Kemp
oil and gas in the United States has recorded the largest
one-week increase for over five years, confirming a rapid upturn
is now underway.
Read more
RPT-UPDATE 1-Peabody reorganization at risk from Wyoming litigation -court paper
plan to emerge from Chapter 11 bankruptcy faces a
"material risk" that the U.S. coal producer could suffer a $1
billion revenue loss due to a disputed lease at the world's
largest coal mine, according to an objection filed to its
reorganization plan.
Read more
UPDATE 2-Canada oil pipeline spills 200,000 liters on aboriginal land
the western Canadian province of Saskatchewan has leaked 200,000
liters (52,834 gallons) of oil in an aboriginal community, the
provincial government said on Monday.
Read more
UPDATE 1-Southern California Gas urges customers to cut natural gas use
Monday urged customers to reduce their use of natural gas until
further notice, to lower the risk of shortages of gas and
electricity as cold weather blanketed its service area.
Read more
Hedge fund Viking retools stock picking after big losses
yearly loss, hedge fund Viking Global Investors has reordered
its stock picking team and plans to invest more money in
financial and consumer stocks and less in pharmaceutical stocks,
its co-founder told clients.
Read more
State Grid takes formal ownership of Brazil's CPFL controlling stakes
on Monday took formal ownership of controlling stakes
in Brazilian power utility CPFL Energia SA, five months after
having signed the agreement for the acquisition.
Read more
Brazil's CPFL stake handover to State Grid to trigger minority buyout -source
Brazil's CPFL Energia SA have handed over ownership
of their stakes to State Grid Corp of China on Monday, which
will automatically trigger a buyout of minority stakeholders, a
person familiar with the matter said.
Read more
Forbes Energy eyes quick emergence from prepackaged Chapter 11
Forbes Energy Services Ltd said it expected to
"promptly" emerge from bankruptcy after filing a Chapter 11 plan
on Monday with a prepackaged deal to exchange $280 million of
debt for equity.
Read more
UPDATE 2-Peru will not compensate Odebrecht for natgas pipeline project
Monday that it will not compensate an Odebrecht-led consortium
for investments made in a $5 billion natural gas pipeline
project after it rescinds the contract over a missed financing
deadline.
Read more
Mine cleanup concerns lead objections to Peabody bankruptcy plan
environmental groups are objecting to a plan by Peabody Energy
Corp to exit its $8 billion Chapter 11 bankruptcy,
citing concerns over how the company will cover about $1 billion
in future mine cleanup costs.
Read more
CANADA STOCKS-Energy stocks lead broad declines, miners buck trend
on Monday as energy companies retreated along with lower oil
prices, while mining shares bucked a broadly weaker trend on
higher metal prices.
Read more
UPDATE 1-Hardline party on front line of Venezuelan political war
Venezuela's Popular Will party are greeted by large photos of
global political heroes from Nelson Mandela to Mahatma Gandhi.
Read more
UK launches industry strategy to counter any Brexit turbulence
its industrial strategy on Monday, putting forward proposals for
a more hands-on approach to developing key industries as a way
to protect the economy from any turbulence caused by leaving the
European Union.
Read more
UPDATE 1-Halliburton warns of weakness in international markets
oilfield services provider, on Monday warned of weakness in
markets outside of North America, echoing comments made by
larger rival Schlumberger last week.
Read more
UPDATE 1-Iraq has cut 180,000 bpd as part of OPEC oil deal - minister
production by around 180,000 barrels per day and plans to cut a
further 30,000 bpd before the end of the month, the OPEC
member's oil minister said on Monday.
Read more
Hardline party on front line of Venezuelan political war
Venezuela's Popular Will party are greeted by large photos of
global political heroes from Nelson Mandela to Mahatma Gandhi.
Read more
Above normal temperatures for most of Europe Feb-April-The Weather Company
Britain and the Iberian region, is expected to experience above
normal temperatures from February to April, The Weather Company
said on Monday.
Read more
China approves first list of green car models for subsidies this year
year's first list of "recommended" green energy vehicles, paving
the way for 185 car models to receive government subsidies.
Read more
UPDATE 1-Rig builder Lamprell sees lower revenue, tightens purse strings
it would continue to maintain a tight rein on costs as it stuck
to its guidance of lower 2017 revenue and pointed to a
"particularly cautious environment" for the year ahead.
Read more
Sunday, January 22, 2017
China Dec diesel imports up 166.1 pct y/y - customs
rose 166.1 percent from the same month a year earlier to 110,000
tonnes, customs data showed on Monday, while kerosene imports
fell 2.3 percent on the year to 290,000 tonnes.
Read more
COLUMN-China's crude oil futures dilemma - control or success?: Russell
of China's plans to launch a new crude oil futures contract
shows the innate conflict of wanting the financial clout that
comes with being the world's biggest commodity buyer, but also
seeking to control the market.
Read more
CORRECTED-Oil edges up after producer meeting, but high U.S. output weighs
supported by statements from oil producers over the weekend that
an output cut was being successfully implemented, but markets
were held back by a surge in drilling that suggested U.S.
production would rise further.
Read more
UPDATE 1-Canada is not the focus of Trump team's trade worries -envoy
administration's main concerns about trade revolve around
deficits with Mexico and China, Canada's ambassador to the
United States told reporters on Sunday, saying his country was
not the focus of U.S. efforts to renegotiate NAFTA.
Read more
Canada is not the focus of Trump team's trade worries -envoy
administration's main concerns about trade are the U.S. deficits
with Mexico and China, Canada's ambassador to the United States
said on Sunday, adding: "I don't think Canada is the focus at
all."
Read more
UPDATE 1-Australia to boost protection of critical infrastructure
drawing up a list of key infrastructure assets, including power
grids and ports and has set up a new body that will scrutinise
foreign-led bids to see if there are national security issues,
it said on Monday.
Read more
UPDATE 1-UK seeks interventionist approach to drive post-Brexit industrial revival
new, interventionist approach to balancing its heavily
services-based economy for the post-Brexit era, seeking to
reinvigorate industrial production and stimulate investment in
technology and R&D.
Read more
UPDATE 1-Trump to begin renegotiating NAFTA pact soon with Mexico, Canada
said on Sunday he plans talks soon with the leaders of Canada
and Mexico to begin renegotiating the North American Free Trade
Agreement.
Read more
Trump says will begin renegotiating NAFTA pact soon with Mexico, Canada
said on Sunday he plans talks soon with the leaders of Canada
and Mexico to begin renegotiating the North American Free Trade
Agreement.
Read more
Algeria GDP growth slows in Q3 despite spike in energy
third-quarter growth last year despite a significantly better
performance from the energy sector, as non-hydrocarbon growth
slackened, the government said on Sunday.
Read more
CORRECTED-Saudi Aramco operating 220 rigs, says energy minister
Saudi Aramco is operating about 220 drilling rigs
thanks to continued investment in capacity despite low oil
prices, Saudi Arabia's energy minister told Sky News Arabia in a
programme broadcast on Sunday.
Read more
UK's May looks to boost technology industry as she eyes life after Brexit
Britain's economy to adapt to Brexit will be announced next
week, Prime Minister Theresa May said on Sunday, highlighting
technology as one growth sector and setting out a new technical
education strategy.
Read more
China's producer prices face upward pressure in 2017 -stats bureau
upward pressure in 2017 as the market situation continues to
improve, the National Bureau of Statistics said on Sunday in a
commentary on its website, adding to expectations that global
inflation may be stronger in 2017.
Read more
OPEC, non-OPEC producers meet to discuss compliance with oil cut deal
countries responsible for monitoring compliance with a global
agreement to reduce oil output is set to meet for the first time
in Vienna on Sunday.
Read more
UPDATE 1-Saudi's SABIC to acquire remaining 50 pct of Shell venture for $820 mln
Industries Corp (SABIC) has signed an agreement to
acquire the 50 percent that it does not already own in its
petrochemical venture with Shell Arabia, a unit of Royal Dutch
Shell, for $820 million, SABIC said on Sunday.
Read more
UPDATE 2-Car bomb explodes in central Tripoli, near Italy embassy - security official
Saturday close to the recently re-opened Italian embassy in the
Libyan capital, a security official said.
Read more
Saturday, January 21, 2017
UPDATE 1-Brazil graft probe judge buried after being killed in plane crash
justice who had overseen the investigation of politicians linked
to the nation's largest graft scheme was buried on Saturday, two
days after he died in a plane crash.
Read more
Mexico president talks with Trump by phone, agree to meet
Pena Nieto talked with U.S. President Donald Trump by phone on
Saturday morning, and the two leaders agreed to meet in the near
future, according to a statement from the Mexican president's
office.
Read more
Funeral of major graft probe judge killed in plane crash
Saturday of a Brazilian Supreme Court justice who died in a
plane crash after overseeing the investigation of politicians
linked to the nation's largest graft scheme.
Read more
North Dakota tribe formally calls on pipeline protesters to disperse
on Saturday formally asked hundreds of protesters to clear out
of three camps near its North Dakota reservation used to stage
months of sometimes violent protests against the proposed Dakota
Access Pipeline.
Read more
Russia cut oil output by 100,000 bpd in Jan - TASS quotes Novak
around 100,000 barrels per day (bpd) in January as part of the
global deal between Moscow and OPEC, Russian Energy Minister
Alexander Novak was quoted as saying by TASS news agency on
Saturday.
Read more
Eight people killed in their home by shell in Egypt's Rafah
Saturday after a shell landed on a house in southern Rafah, in
the north of Sinai, eye witnesses and medical sources said.
Read more
Friday, January 20, 2017
UPDATE 2-Canada court nixes Chevron Ecuador judgment, plaintiffs appealing
Ecuadorian villagers to enforce a judgment against Chevron Corp
obtained in their home country, ruling the company's
local subsidiary is not liable for the parent, the U.S. oil
major said on Friday.
Read more
UPDATE 2-California expands climate goals as Trump curbs carbon rules
sweeping plan to cut the state's output of heat-trapping
greenhouse gas emissions on Friday, countering the newly-minted
Trump administration's move to undo federal U.S. carbon
regulations.
Read more
Canada court rejects attempt to enforce Ecuador Chevron judgment
by Ecuadorian communities to enforce a judgment against Chevron
Corp they obtained in their home country, saying the
company's local subsidiary liable for the parent, the oil major
said on Friday.
Read more
UPDATE 1-Venezuela 2016 inflation hits 800 pct, GDP contracts nearly 19 pct
800 percent in 2016 while the economy shrank 18.6 percent,
according to preliminary central bank figures seen by Reuters,
the sharpest economic contraction in 13 years and the worst
inflation reading on record.
Read more
UPDATE 1-Trump to target Obama's climate initiatives -White House website
is committed to eliminating Barack Obama's Climate Action Plan
and other environmental initiatives to help boost the oil and
gas industry, according to a statement posted on the White House
website on Friday.
Read more
UPDATE 1-U.S. drillers add the most oil rigs since April 2013 -Baker Hughes
(Adds rigs in the Permian and Cana Woodford basins in
paragraphs 5-6, total oil and gas rig count in paragraph 12)
Jan 20 (Reuters) - U.S. energy companies this week added the
most oil rigs in nearly four years, extending an eight-month
recovery as drillers take advantage of a deal by OPEC to cut
supplies that has boosted prices over $50 a barrel since early
December.
Drillers added 29 oil rigs in the week to Jan. 20, bringing
the total count up to 551, the most since November 2015, e
Read more
GLOBAL LNG-Asian supply weighs on prices, Europe firmer
fell sharply this week, with a pick up in supply forcing a
Russian producer into accepting lower bids, while prices in
southern Europe held firm.
Read more
European shares ease ahead of Trump inauguration
(Adds quote and detail, updates prices at close)
Read more
British village gets solar battery boost in green energy trial
northern England may soon see their electricity bills slashed by
as much as 50 percent in a pilot project allowing them to use
solar power around the clock.
Read more
National Grid warns of costs if Britain exits EU energy market
energy market could stymie development of new power links
designed to help avert a looming supply crunch and also drive up
the cost of imported European electricity, National Grid
warned on Friday.
Read more
SBM Offshore shares gain on hopes of Brazilian settlement
services company SBM Offshore rose on Friday on a media report
the company was close to settling a corruption probe with
Brazilian authorities that has prevented it from bidding for
work in a major market.
Read more
UPDATE 1-China-U.S. trade tensions high on Big Oil's worry list
(Updates with quote from oil industry executive)
Read more
Schlumberger posts smaller fourth-quarter loss
oilfield services provider, reported a smaller fourth-quarter
loss than a year earlier, when it recorded more than $2 billion
in restructuring and asset impairment charges.
Read more
UPDATE 1-GE profit up 36 percent, sales slow; affirms 2017 forecast
35.7 percent jump in quarterly profit on Friday, helped by
strength in its power and renewable energy businesses, and
affirmed its growth and profit forecasts for 2017.
Read more
China-U.S. trade tensions top Big Oil's worry list
Middle East producers are concerned that trade tensions between
the United States and China risk clouding the outlook for global
energy demand growth and a recovery in the price of oil.
Read more
UPDATE 1-Russia's economy minister forecasts 2 pct growth if no shocks
could grow by 2 percent in 2017 as long as there are no external
shocks such as a renewed fall in oil prices, Economy Minister
Maxim Oreshkin said on the sidelines of the World Economic Forum
in Davos.
Read more
UPDATE 1-Swedish telco Telia explores takeover of Denmark's TDC -paper
is considering a bid for Denmark's TDC,
which is itself exploring a takeover of Swedish cable TV firm
Com Hem, Dagens Industri (DI) reported on Friday, citing unnamed
sources.
Read more
Hong Kong stocks snap 3-week winning streak before Trump's inauguration
week down and snapped three weeks of gains on Friday, as
investors were wary ahead of Donald Trump's inauguration as the
45th U.S. president later in the day.
Read more
Thursday, January 19, 2017
UPDATE 1-Al Gore rouses Sundance with climate film on eve of Trump induction
president Al Gore delivered a rousing battle cry on Thursday to
push climate change forward as an urgent matter for politicians
on the eve of President-elect Donald Trump's inauguration, at
the premiere of his new documentary.
Read more
RPT-UPDATE 1-Freeport seeks guarantees from Indonesia amid mining shake-up
Freeport-Mcmoran Inc is seeking fiscal and legal
guarantees from the government over mining rules issued last
week, a spokesman for the copper mining giant said late on
Thursday.
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China Dec coal output hits 1-year high on winter demand
rose 1 percent from November to hit its highest level in a year,
as miners cranked out more product to meet government orders
amid increased demand from utilities during the cold winter
months, data showed on Friday.
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Oil rises for second day as supply tightens, but U.S. stocks weigh
day on Friday underpinned by expectations of tighter supply, but
prices remained in a range as they were pressured by rising U.S.
inventories.
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UPDATE 1-Bankruptcy judge denies request for Peabody equity committee
on Thursday a request by Peabody Energy Corp
shareholders to order the appointment of an official equity
committee in the coal miner's Chapter 11 restructuring, crushing
hopes of a recovery for investors.
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Tensions rise at North Dakota pipeline as Trump set to take White House
increased this week near the construction site of the Dakota
Access pipeline, with repeated clashes between protesters and
police ahead of Friday's inauguration of President-elect Donald
Trump, an unabashed fan of the $3.8 billion project.
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Brazil oil workers' union accepts Petrobras' collective wage deal
union has accepted a proposal from state-controlled Petrobras
for a collective wage deal, the union said in a statement on its
website on Thursday.
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UPDATE 1-Antofagasta to exit Chilean hydropower project
Antofagasta said on Thursday it would sell its 40
percent stake in the Alto Maipo hydroelectric power project to
partner AES Gener, exiting the project entirely.
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Canadian exporters, fearing border tax, scramble to shift production
to find ways to avoid a potential 10 percent import tax promised
by U.S. President-elect Donald Trump, including the possible
shifting of production or supply lines south of the border.
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Canada's Hydrostor eyes role in $1 bln U.S. peak power market
storage company Hydrostor is eyeing $1 billion of contracts to
replace decommissioned U.S. peak power plants in the next two or
three years, its chief executive said.
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UPDATE 1-U.S. crude oil stocks build unexpectedly as refining slows down-EIA
unexpectedly last week as refineries sharply slowed production,
while gasoline stocks soared amid weak demand, the Energy
Information Administration said on Thursday.
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UPDATE 2-Court upholds conviction of Massey ex-CEO in fatal mine blast
rejected former Massey Energy Co Chief Executive Officer Donald
Blankenship's bid to overturn his conviction and one-year prison
sentence related to his role in a 2010 West Virginia mine
explosion that killed 29 workers.
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UPDATE 1-Gunvor wins 5-year deal to supply LNG to Pakistan- energy official
won a major tender to supply about 60 liquefied natural gas
(LNG) shipments to Pakistan over a five year period while
Italy's Eni will supply the country with LNG over a 15-year
period, a Pakistani energy official told Reuters.
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UPDATE 1-Trump's energy pick Perry regrets calling for department's elimination
Donald Trump's pick to run the Energy Department, said during
his Senate confirmation hearing on Thursday that he regrets
having called for the department's elimination during his failed
bid for the Republican presidential nomination in 2012.
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Saudi Arabia crude exports rise to 8.258 mln bpd in Nov - JODI
in November rose to 8.258 million barrels per day (bpd) from
7.636 million bpd in October, official data showed on Thursday.
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U.S. investors praise Saudi reform commitment at Davos
giant BlackRock and chemical major Dow Chemical praised
Saudi Arabia on Thursday as the kingdom said it was pressing
ahead with reforms and investments beyond oil.
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Jihadist group in Syria attacks rival faction-monitor
al-Sham, formerly the al-Qaeda linked Nusra Front, attacked
checkpoints and positions of the Islamist Ahrar al-Sham rebel
group in Syria's Idlib province on Thursday, the Syrian
Observatory for Human Rights reported.
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Bulgaria, Serbia agree to work on pipeline to cut reliance on Russian gas
Thursday a memorandum of understanding to work together for the
construction of a natural gas pipeline to link the Balkan
neighbours to boost security of supplies and reduce their strong
reliance on Russian gas.
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Trump's energy pick to face jobs, climate questions
Donald Trump's pick to run the Energy Department, will face
questioning by senators on Thursday on creating jobs in the
industry and bolstering U.S. energy security - but also about an
earlier proposal to abolish the agency.
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Russia could start buying FX if oil allows but amount to be limited - c.bank
currency if oil prices allow, the central bank said on Thursday,
but the amount of forex it buys monthly would not exceed
additional revenues it gets from oil prices exceeding the level
pencilled into budget plans.
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UPDATE 2-Gazprom shares hit by dividend prospects despite swing to profit
forecast-beating quarterly profit on Thursday failed
to prevent a drop in its share price as a shift in government
policy raised the possibility of lower than expected dividends
at the state-controlled company.
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Nigerian President Buhari tells Senate that he will take ten days leave -source
Buhari plans to take ten days leave, a government source said on
Thursday.
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South African mining deaths fall to new record low in 2016
miners killed in South Africa's mines fell in 2016 to a new
record low of 73 from 77 in 2015, mines minister Mosebenzi
Joseph Zwane said on Thursday.
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UPDATE 1-South African mining deaths fall to new record low in 2016
miners killed in South Africa's mines fell in 2016 to a new
record low of 73 from 77 in 2015 following a crackdown by the
government, mines minister Mosebenzi Zwane said on Thursday.
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Wednesday, January 18, 2017
Indonesia overhauls system for future oil, gas contracts
scheme for future oil and gas production sharing deals so that
contractors shoulder the cost of exploration and production,
rather than being reimbursed by the government.
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UPDATE 1-Lotte Chem says looking to acquire Singapore's Jurong Aromatics
said on Thursday it had submitted a letter of intent earlier
this month to acquire Singapore petrochemical company Jurong
Aromatics Corp (JAC).
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BHP says reached settlement agreement with Brazil over Samarco
partner Vale SA and Samarco have reached an agreement
with Brazil authorities to settle a $47.5 billion civil claim
over the Samarco iron ore mine disaster, the companies said on
Thursday.
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Lotte Chem says submitted letter of intent to acquire Singapore's Jurong Aromatics
said on Thursday it had submitted a letter of intent earlier
this month to acquire Singapore petrochemical company Jurong
Aromatics Corp (JAC).
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CORRECTED-Japan, Saudi Aramco extend Okinawa crude storage deal
National Corp (JOGMEC) said it signed a contract with the
world's top exporter Saudi Aramco on Wednesday to extend a crude
oil storage deal on the island of Okinawa by three years.
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Japan extends UAE crude storage deal through 2019
Dhabi National Oil Co (ADNOC) to store crude oil in the country
for two more years, giving the nation's second-largest supplier
continued access to a depot through 2019, the trade ministry
said on Thursday.
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U.S. Oil rises from 1-week low, U.S. inventory data in focus
away from one-week lows touched the session before, with
investors turning their attention to upcoming government data on
U.S. inventories.
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UPDATE 1-U.S Army to begin environmental study of Dakota pipeline
process of launching an environmental study of the Dakota Access
pipeline crossing in North Dakota, a move that has been
challenged by the company constructing the controversial
project.
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