Energy Update
SYDNEY, Dec 2 (Reuters) - Australia will spend A$1.3 billion
($965.3 million) in the next five years to improve the water
quality and wellbeing of the Great Barrier Reef to prevent the
World Heritage Site being placed on the United Nation's "in
danger" list.
SINGAPORE, Dec 2 (Reuters) - Oil prices slipped on Friday as
some investors opted to cash out after Brent touched 16-month a
high on Thursday, with optimism over this week's OPEC-Russia
accord on cutting output giving way to questions on the
"sticking point" of implementing the deal.
SINGAPORE, Dec 2 (Reuters) - Oil prices extended gains early
on Friday as producer cartel OPEC and Russia agreed to rein in a
global oversupply in crude on Wednesday with analysts now
focusing their attention on implementation of the deal.
Dec 1 (Reuters) - U.S. President-elect Donald Trump is
considering Goldman Sachs Group President and Chief
Operating Officer Gary Cohn for energy secretary, Fox Business
Network reported on Thursday, citing unnamed sources.
Subsea 7 has been awarded a sizeable contract by Woodside Energy for the Greater Western Flank Phase 2 Project, offshore Australia.
Dec 1 (Reuters) - U.S. President-elect Donald Trump is
considering Democratic Senator Joe Manchin of West Virginia for
energy secretary, Politico reported on Thursday, citing unnamed
sources close to the discussions.
BRASILIA, Dec 1 (Reuters) - Brazil's Supreme Court indicted
the president of the Senate, Renan Calheiros, on Thursday for
embezzlement, a ruling that is expected to fan growing tensions
between the judiciary and Congress over corruption cases.
SINGAPORE, Dec 2 (Reuters) - Flush with cash, private
equity-backed firms and former oil industry executives are
eyeing energy assets in Southeast Asia as prolonged lower crude
prices drive oil majors hungry for cash to divest or seek
additional funds.
Dec 1 (Reuters) - California agencies expect to complete
their safety review of Southern California Gas' (SoCalGas) Aliso
Canyon in early 2017, preventing the utility from injecting
natural gas into the Los Angeles storage facility for at least
the first half of winter.
WASHINGTON, Dec 1 (Reuters) - The U.S. Senate passed a
10-year extension of sanctions against Iran on Thursday, sending
the measure to the White House for President Barack Obama to
sign into law and delaying any potentially tougher actions until
next year.
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