Energy Update
Dec 14 (Reuters) - Boutique investment banks have grabbed a
record share of the global merger and acquisition fee pool off
larger Wall Street rivals this year but their stock price
performance is trailing bigger peers.
SAO PAULO, Dec 14 (Reuters) - The pension fund for oil
company Petroleo Brasileiro SA's employees on
Wednesday called for securities industry watchdog CVM to
investigate some of Brazil's largest asset managers over
allegations of irregularities, a statement said.
SAO PAULO, Dec 14 (Reuters) - Brazil's Braskem SA
, the largest petrochemical producer in Latin America,
signed a leniency deal on Wednesday with Brazilian prosecutors
leading a sweeping corruption probe into political kickbacks at
state-run oil company Petrobras, the company said in
a securities filing.
PARIS, Dec 14 (Reuters) - French utility EDF's
board has approved the partial sale of RTE, the company's
high-voltage power grid unit, to state bank Caisse des Depots,
the companies said in a statement.
Dec 14 (Reuters) - Donald Trump has nominated Exxon Mobil
chairman and chief executive officer Rex Tillerson to serve as
his secretary of state. Having surrounded himself mostly with
retired generals for national security positions, the
president-elect has chosen someone with no previous government
experience to be the nation's chief diplomat. But it would be a
mistake for foreign policy experts and political pundits to
Dec 14 (Reuters) - Oil major Exxon Mobil Corp said
on Wednesday that President Darren Woods would become chief
executive and chairman in January after the retirement of Rex
Tillerson, who is U.S. President-elect Donald Trump's pick for
secretary of state.
Dec 14 (Reuters) - Oil major Exxon Mobil Corp said
Chief Executive Rex Tillerson, who is U.S. President-elect
Donald Trump's pick for Secretary Of State, would retire at the
end of the year.
TRIPOLI, Dec 14 (Reuters) - Protesters blockading pipelines
to Libya's Sharara and El Feel oil fields have promised to
reopen them and production could restart in the coming days,
security officials and an oil industry source said on Wednesday.
BUENOS AIRES, Dec 14 (Reuters) - A World Bank tribunal
ordered Venezuela to pay steelmaker Tenaris SA $162
million for expropriating two investments in the country,
according to a statement published by the Buenos Aires stock
exchange on Wednesday.
TRIPOLI, Dec 14 (Reuters) - Protesters blockading pipelines
to Libya's Sharara and El Feel oil fields have promised to
reopen them and production could restart in the coming days,
security officials and an oil source said on Wednesday.
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