Energy Update
SINGAPORE, Dec 23 (Reuters) - Oil prices slipped on Friday
in thin Asian trade ahead of the Christmas and New Year
holidays, wiping out some of the gains in the previous session
as traders took profits. A strong dollar also weighed on
sentiment.
Saudi Aramco has signed an agreement with Indonesia's state-owned oil and gas firm Pertamina to jointly own, upgrade and operate the Cilacap refinery in central Java, Indonesia with an investment of $5bn.
CHICAGO, Dec 22 (Reuters) - Leading global coal producer
Peabody Energy said on Thursday its main creditors
support a plan to wipe more than $5 billion of debt from its
balance sheet and exit the largest energy-related U.S.
bankruptcy this year.
LIMA/QUITO, Dec 22 (Reuters) - Politicians and investigators
across Latin America demanded more information from Brazil-based
construction giant Odebrecht on Thursday after it admitted to a
decade of immense bribe payments in the region.
Dec 22 (Reuters) - Private-equity firm Blackstone Group LP
is in talks to buy a stake in assets owned by Energy
Transfer Partners LP, the company building the
controversial Dakota Access pipeline, a source familiar with the
situation said on Thursday.
RIO DE JANEIRO, Dec 22 (Reuters) - Employees at Brazilian
state-controlled oil company Petroleo Brasileiro SA working at
Campos Basin, the largest oil-producing area in the country,
approved a strike to begin Friday, an oil workers union said.
WASHINGTON, Dec 22 (Reuters) - Billionaire investor Carl
Icahn targeted environmental and banking regulations on Thursday
as big drags on U.S. corporate investment and said revamping
them would be a top priority in his role as adviser to
President-elect Donald Trump.
Dec 22 (Reuters) - Private-equity firm Blackstone Group LP
is in talks to buy a stake in assets owned by Energy
Transfer Partners LP, the company building the
controversial Dakota Access pipeline, the Wall Street Journal
reported.
Over a seven-year period in a deal worth an estimated C$1 billion (US$750 million), Ontario will be allowed to annually import up to 2 TWh of hydropower from Quebec, including access to energy from pumped-storage facilities in Quebec.
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