Energy Update
Dec 12 (Reuters) - Microsoft co-founder Bill Gates and a
group of high-profile executives are investing $1 billion in a
fund to spur clean energy technology and address global climate
change a year after the Paris climate agreement.
LONDON, Dec 12 (Reuters) - Hedge funds were badly caught out
by the production cuts announced by OPEC at the end of last
month, triggering a furious rally as managers raced to buy back
loss-making short positions.
MEXICO CITY, Dec 12 (Reuters) - China and Mexico pledged on
Monday to deepen ties at a meeting between their top diplomats
following last month's U.S. presidential election victory of
Donald Trump, who has tested Washington's relationship with both
countries.
Dec 12 (Reuters) - U.S. President-elect Donald Trump will
name Exxon Mobil Corp Chief Executive Officer Rex
Tillerson as his choice for secretary of state, Fox News
reported on Monday, citing unnamed sources.
Wintershall Norge has awarded Odfjell Drilling a contract for platform drilling services on the Brage platform located on the Norwegian Continental Shelf.
India is preparing to auction a gigawatt of rooftop solar capacity as it strives to meet Prime Minister Narendra Modi’s goal of generating 100 GW of power from the sun by 2022.
SAO PAULO, Dec 12 (Reuters) - Brazil's top prosecutor
brought new charges against Senate President Renan Calheiros on
Monday, accusing him of taking part in corruption at state oil
company Petrobras and asking the Supreme Court to
remove him from office.
CARACAS, Dec 12 (Reuters) - Venezuelans hastily dumped the
country's 100-bolivar bill, the largest denomination, on Monday
after the government said it would be pulled from circulation as
the crisis-wracked nation suffers what is believed to be the
world's highest inflation.
CALGARY, Dec 12 (Reuters) - Canadian Natural Resources Ltd
said on Monday it will sell its stake in the Cold Lake
pipeline to Inter Pipeline Ltd for C$527.5 million in
cash and stock, but will maintain access to the route to move
its crude.
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