Energy Update
LONDON, Nov 30 (Reuters) - Azeri state oil company Socar's
trading division has hired three new crude traders who will be
based in London with a view to targeting the Chinese market, its
chief executive told Reuters on Tuesday.
BRUSSELS, Nov 30 (Reuters) - EU regulators will unveil
reforms on Wednesday to promote a greater share of renewables in
Europe's grid by 2030, with plans to cut energy use by 30
percent, phase out subsidies for coal-fired plants and enforce
greater cross-border trade.
Aker BP, one of Europe’s largest independent oil companies, has awarded a new frame agreement to DNV GL, covering a wide range of safety, verification, inspection and classification services across its installations on the Norwegian Continental Shelf.
Hyperdynamics has signed a definitive drilling services contract with a subsidiary of Pacific Drilling to engage the Pacific Bora drillship to begin a drilling campaign offshore Guinea in the second quarter of 2017.
NEW YORK, Nov 29 (Reuters) - Oil traders piled into bullish
option contracts in U.S. crude on Tuesday, even as doubt
surfaced over whether the world's top producers would be
successful in hammering out a deal to curb production.
There are challenges to living on a remote island - from food scarcity to destructive weather - and the lack of affordable, reliable power is among the greatest. The island of Ta'u in American Samoa, located more than 4,000 miles from the West Coast of the United States, is no stranger to power rationing and outages.
OTTAWA, Nov 29 (Reuters) - Canadian Prime Minister Justin
Trudeau is set to reveal his government's verdict on at least
two major pipeline projects when he makes an announcement at
4:30 p.m. EST (2130 GMT) on Tuesday.
TBILISI, Nov 29 (Reuters) - Georgia plans to sell a 25
percent stake in the state Oil and Gas Corporation (GOGC) on an
international stock exchange in 2017, the finance minister of
the former Soviet republic said on Tuesday.
CANNON BALL, N.D., Nov 29 (Reuters) - North Dakota law
enforcement will begin to block supplies from reaching
protesters at a camp near the construction site of an oil
pipeline project in an effort to force demonstrators to vacate
the area, officials said on Tuesday.
RAS AL-KHAIR, Saudi Arabia, Nov 29 (Reuters) - Saudi
Arabia's King Salman underlined the kingdom's intention to
invest heavily in speeding up is diversification away from oil
exports with the inauguration on Tuesday of a $35 billion mining
and minerals processing complex.
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