Energy Update
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.
TORONTO, Jan 4 (Reuters) - Canada's main stock index rose on
Wednesday to its highest close since September 2014, when it
reached a record high, as investors bet that the rally in oil
prices will lead to better growth in corporate earnings.
NEW YORK, Jan 4 (Reuters) - The former chief executive
officer of a company linked to troubled hedge fund manager
Platinum Partners was convicted of criminal tax fraud on
Wednesday, New York's attorney general said in a statement.
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, but Democrats -
who want to delay his confirmation - said on Wednesday they want
more information about his record.
The U.S. National Park Service has proposed protecting thermal features within New Mexico’s Valles Caldera National Preserve from possible adverse effects of geothermal power development near the preserve.
MOSCOW, Jan 4 (Reuters) - Russian state holding company
Rosneftegaz on Wednesday closed a deal with the Qatar Investment
Authority (QIA) and commodities trader Glencore to sell
a 19.5 percent stake in state-owned oil major Rosneft,
Rosneft said.
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