Energy Update
MEXICO CITY, Dec 5 (Reuters) - A long-awaited auction of
Mexico's untapped deep water oil fields on Monday has been
fueled by a nearly $3 billion boom in geological data mapping
almost inaccessible deposits to open up what the industry sees
as the world's "last great proven frontier."
MOSCOW, Dec 5 (Reuters) - Azeri Energy Minister Natiq Aliyev
plans to visit Vienna on Dec. 10 to take part in a meeting
between OPEC and non-OPEC nations, the Azeri energy ministry
said on Monday.
Dec 5 (Reuters) - U.S. natural gas producer Chesapeake
Energy Corp said it would sell a part of its acreage in
the Haynesville Shale area for $450 million to a private
company.
MISRATA, Libya, Dec 5 (Reuters) - Libyan forces took control
on Monday of the final cluster of buildings where Islamic State
militants were holding out in their former North African
stronghold of Sirte and are securing the area, a spokesman said.
LONDON, Dec 5 (Reuters) - OPEC has finally agreed to cut
production, but only after two years of fruitless negotiations.
So what changed to make an agreement possible now, after it had
eluded negotiators at previous OPEC meetings?
NEW YORK, Dec 5 (Reuters) - Nancy King, global head of
commodities trading at Morgan Stanley, has spent the last few
years remodeling what used to be one of the most profitable
units on Wall Street, by downsizing and focusing on smaller,
smart trades for customers instead of the big, risky bets it
used to make on its own account.
HOUSTON, Dec 5 (Reuters) - The U.S. Army's denial of an
easement for the Dakota Access Pipeline, after permitting and
legal obligations were followed, sets an uncertain precedent for
new projects despite President-elect Donald Trump's promise to
support energy infrastructure.
* Graphic on North Korea's coal exports: http://tmsnrt.rs/2gBHw6G
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