Energy Update
By Aparajita Saxena
Dec 5 (Reuters) - Southeast Asian stock markets were subdued
on Monday as investors kept to the sidelines after Italian Prime
Minister Matteo Renzi said he would resign following heavy
defeat on constitutional referendum, raising political
uncertainty in the euro zone.
Renzi's decision to quit deals a fresh blow to the European
Union at a time when Italy, the euro zone's heavily indebted
SINGAPORE, Dec 5 (Reuters) - Oil prices fell by one percent
on Monday as a higher U.S. rig count unsettled markets amid
nagging concern that output cuts, planned as part of concerted
action between producer club OPEC and Russia, might not be as
big as initially anticipated.
SYDNEY, Dec 5 (Reuters) - ExxonMobil expects to
deliver 7.9 million tonnes of liquefied natural gas from Papua
New Guinea this year, around 14 percent above nameplate capacity
of its PNG LNG plant, the company's PNG head said on Monday.
Beach Energy has signed a gas sales agreement (GSA) with Adelaide Brighton Cement , a wholly owned subsidiary of Adelaide Brighton, for supply ex‐Moomba of processed sales gas from Beach’s 100% owned Western Flank acreage.
Wavefront Technology Solutions provided an update on Powerwave results with Pan American Energy (PAE) in Argentina.
BRUSSELS, Dec 5 (Reuters) - Euro zone finance ministers hope
to reach a compromise on Greek reforms on Monday in a final bid
to get International Monetary Fund support for its bailout
programme by the end of the year.
SYDNEY, Dec 5 (Reuters) - Hong Kong-listed Cheung Kong
Infrastructure Holdings Ltd has made an A$7.3 billion
($5.44 billion) bid for Australian energy infrastructure owner
Duet Group, Duet said on Monday.
NEW YORK, Dec 4 (Reuters) - The U.S. Army Corps of Engineers
has denied an easement for the $3.8 billion Dakota Access
Pipeline, according to a statement from the Standing Rock Sioux
tribe, which has been protesting the project, saying it could
contaminate water supplies.
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