Energy Update

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SINGAPORE, Jan 5 (Reuters) - Oil prices were firm on
Thursday, buoyed by data showing a fall in U.S. crude
inventories and by record car sales in the United States.

WASHINGTON, Jan 4 (Reuters) - Rex Tillerson, President-elect
Donald Trump's nominee for secretary of state, won over
Republicans during meetings at the U.S. Senate on Wednesday, but
Democrats want more time to consider his record, especially his
ties to Russia.

Jan 4 (Reuters) - Bankrupt renewable energy company
SunEdison Inc has reached a deal with a spinoff company that
helps clear the way for a $150 million sale of its solar
materials business to a Chinese buyer, according to court papers
filed on Tuesday.

Plexus has been awarded an order for a second well from Masirah Oil, a BVI based company majority owned by technology driven oil and gas company REX International.

Technology service provider DMT has been awarded a contract for a high-resolution 3D vibro-seismic survey to determine the geological structure of the subsoil in the Upper Rhine Plain.

IKM Testing Thailand has been awarded the service contract by Aibel for the Johan Sverdrup Drilling Platform.

Pembina Pipeline has received regulatory approval for and initiated construction on its previously announced $235m expansion of its pipeline infrastructure in northeast British Columbia (NEBC Expansion).

W&T Offshore announced that its Ship Shoal 359 A-18 well has logged 149ft of net oil pay in five zones and extended the size and depth of the Mahogany field.

CARACAS, Jan 4 (Reuters) - Venezuelan President Nicolas
Maduro on Wednesday shuffled his cabinet by naming a new economy
czar to oversee the OPEC country's decaying socialist system and
a new oil minister to confront the economic difficulties caused
by low oil prices.

CARACAS, Jan 4 (Reuters) - Venezuelan President Nicolas
Maduro on Wednesday named legislator Ramon Lobo as the country's
new economy czar and tapped oil industry veteran Nelson
Martinez, who has led U.S. owned refiner Citgo, to
serve as oil minister.

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